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Re: 50% falls in UK house prices
not going to happen unless rates rise significantly. -
Re: 50% falls in UK house prices
BRING IT ON!
MikeComment
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Re: 50% falls in UK house prices
The question is, what are they prepared to sacrifice to keep rates low?It's Economics vs Thermodynamics. Thermodynamics wins.Comment
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Re: 50% falls in UK house prices
Savers.
The Bank of England just reinvested the coupon from the last round of QE. That's £35 billion worth of new Gilts purchased and less issuance coming to market. It is de facto money printing.
They will do everything they can and everything they shouldn't to prevent rising rates.Comment
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Re: 50% falls in UK house prices
Yes, they print but in the end they have to lift rates AS WELL.
;)
MikeComment
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Re: 50% falls in UK house prices
This is the question: why?Originally posted by Mega View Post
They always have a choice.It's Economics vs Thermodynamics. Thermodynamics wins.Comment
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Re: 50% falls in UK house prices
They do what they did in the 70's "T".........Stagflation, they print get lots of inflation & thus have to lift rates a bit to look like they fighting inflation..........or everyone will bale out & go to Gold.
MikeComment
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