Member Info for Darth.Trader

John46,
Cheers, you too. tbh some nonsense gets posted on the bb, one in particular probably also tries to posts on a Quija board….

Roll on October, going to be very interesting, then we NIRP this side of Xmas….
Good Luck...
DYOR

Jonh46
"You've had TBI for 4 yrs now !"

Sorry John46, it’s just One of my big bug bears in life, but..

TBI, "To Be Ignored", had been added too with “by me as much as I can”
So therefore, it becomes TBIBMAMAIC…I suppose it’s another way of going Long... longer…..

DYOR

Will we see the BoE issue more stimulus...or will the BoE announce other measures as Covid-19 2nd Wave is not going away anytime soon...

DYOR

earlier today Germany delivered the worst possible news for the ECB when it revealed that its latest inflation rate fell even further below zero as a fresh wave of the coronavirus pandemic hit domestic demand, adding to the case for more monetary stimulus from the European Central Bank.
DYOR

Georgewhitebread,
"A second key one is which bank would be first mover on this"

Bank Of England...
DYOR

Livestock,
"DT
Come end of the week when trade talks breakdown again negative rates are back on the table"

yes i know, that's why i stated Dec at the latest. They've done all the research, it's primed in my honest opinion.
Roll on Oct, its getting interesting....
DYOR

Gate13Boy
"And when did it go below 23p ?"

i did not state it went below 23p...it hit 23p.

I will not be responding in future, good luck

Gate13Boy,
if i recall you stated many times, well every time i posted, that the SP would not go Sub 25pennies, yet it did, 23pennies..
It is all good that you think negative rates will not happen, I do think we will see negative rates, Dec/20.
good luck
DYOR IMHO

Gate13Boy,
"You beat me to it PSK.

You might want to keep quoting Silvana Tenreyro Darth but clearly not all agree with her."

The committee is made up of nine member and she is not the only one who disagrees with Bailey & co...
Some are just more vocal than others, you need to research more.
DYOR

PSK,
this side of xmas, Dec at the latest imho..

DYOR

Gate13boy,
Yes savers have not had a great time of it but again that was also down to the fact that they wanted people to spend and these latest cuts to NS&1 rates will be the straw the broke the camel’s back....

as for negative rates and reading too much into it , the BoE, Silvana Tenreyro, is backing the early adoption of negative interest rates to boost the struggling economy this will, imho, gain momentum ….
DYOR

" I think my point is that these flats should be more like £150k but what do I know."

yes of course and i do agree, but even at that level if credit / mortgage offerings continue to tighten and jobs are lost then prices may continue to fall....
DYOR

Triflepig, there is one Gap that we need to watch, the Aspiration gap..things are looking grim for the under 25yrs, are these not the wave of 1st time buyers that just got hit with both barrels...
DYOR

Gate13boy,
i totally disagree, these cuts discourage people from saving, but it could result in people hoarding cash especially since the credit lines are squeezed.
I was reading about the massive fraud cases , businesses registered after a certain date being approved for Govt loan who were clearly not eligible, who is going to pay for that and will anyone be held accountable or will joe public have to absorbe that up as well?
You really do have to question the loan creditably checks, we are talking about a date, it's not like the process was hard for both parties, being the Bank & client..
DYOR

Good Morning Trilfepig,

yes i know exactly what you are saying, it needs to be affordable housing with availability to credit, this tightening of offerings by the banks will damage that process. The moines people have saved may well disappear into the ether, as job losses , defaults and businesses fail.

..Mortgages are so inaccessible now...

First-time home buyers are having to save up more to take out mortgages. Most lenders are now asking for a deposit of 15% of the house's value. That's a big change from six months ago, when it was common for them to offer mortgages with deposits of only 5% or 10%. For thousands of would-be home buyers, that means saving up for several more years.

I feel this will only add weight to Silvana Tenreyro, one of th Nine BoE committee members, who backed the early adoption of negative interest rates to boost the UK struggling economy. I view the recent cuts in NS&I savings a precursors to the introduction of zero rates and my estimate for this would be Dec at the latest...

DYOR

households mixing restrictions in the North East is now 'against law'...

not good, If this continues more and more restrictions will be imposed across the nation....
DYOR

Patrao1,
"LTI - did I just read that correctly - 25.45p???!!!

On what basis exactly then LOL?!

it's the Waltzers Mitter experience...Spin.
DYOR

Where’s your local field Darth?

down th road from the squirrels , sssh.
DYOR

Hollybean, i made a few quid on LGO which became CERP now in bed with BPC....Glad its going well...took it off my radar.
cheers