Member Info for Gate13Boy

No doubt the stamp duty holiday is keeping the housing market afloat. I expect the Government and buyers are gambling on there being a vaccine before the stamp duty holiday runs out at the end of March.

“ This statement should send the 20p minus brigade packing”

Yes, where are the doom twins Darth and Dividend Chaser ?

Strange that they seemed to both disappear off here at the same time........

ping-pong,

Maybe the mention of popcorn, sets off an alarm in the mods software......

I’d never grass DCB up. Too entertaining reading the pro-EU drivel year after year lol.....

SDD,

Lol - there must be a picture of you under the word persistence in the encyclopaedia. Back for the weekend now the mods have gone ?

Have you come to terms yet DCB with us leaving the EU ? Looks like we’re starting to rack up the trade deals and your man Barnier is desperate to get on the wagon now, traipsing over here with his tail between his legs.

“ Has everyone been banned ?”

No, some of the doom-mongers go into hiding when the price goes up and those who take them to task for quoting their incorrect predictions often get a ban for doing so.

All good fun....

I wouldn’t bank on it Shrimper,

A lot will depend on impairment provisions for bad loans, mortgage defaults etc.......

CUTTING interest rates into unprecedented negative territory will not protect the economy as it is hit by tightening Covid restrictions, Mervyn King has warned.

Rate setters are unlikely to turn to the controversial policy to support growth, the former Bank of England governor said, because a further cut to borrowing costs will not get consumers spending during a period of tighter restrictions.

Lord King said: “I don’t believe that will have a significant impact, and I don’t believe it’s relevant to the current circumstances.

“If people are not spending money on travel or entertainment or hospitality or other things, the idea that people are going to say to themselves, ‘Darling, let’s go out for a wonderful holiday or a meal tomorrow because interest rates are just 50 basis points lower than they were last week’ [won’t happen].”

Speaking on a Tortoise Media podcast, Lord King suggested that the Government should instead borrow heavily to support businesses and keep workers in employment.

He added: “The Government will be wise to lock in as much debt as possible to very long-term borrowing at extremely low interest rates.”

The Amigo BB a few days back resembled something out of the Wild West. Couldn’t get over some of the posts that were allowed to stand. Yes, opposing views make the world go round IMHO.....

I’ve had 2 of them TFE for arguing with a certain poster........

He didn’t post on the 17th or 18th so maybe he took a little forced vacation as well......

Some on here who shall remain nameless, said Wace would increase their short positions and other hedge funds would follow suit.

More predictions going west......lol

DOW crawling into positive territory. Looks like we won’t see sub 25pennies tomorrow yet again.

And that “unthinkable low” is what exactly ?

Let’s have your guesstimate. We all know you are forecasting negative interest rates by December. How low are you saying the share price is going to go please ?

Darth,

I posted the article because it warned of the dangers of implementing NIRP. I believe TFE and I think the same way on NIRP.....

Darth,

Who is Mrs B ? You’ve lost me in that one.....

I agree TFE. Just because all options are being discussed, it doesn’t mean it’s going to happen. Darth has forecast it will happen by December this year. Let’s see who’s right......

NEGATIVE interest rates could send final salary pension schemes further into the red and hammer firms seeking to recover from the Covid-19 crisis, ­analysts have said.

It is feared that below-zero rates being considered by the Bank of England would crush the returns made by company retirement plans, leaving them unable to pay what has been promised to members.

This would force employers to divert billions of pounds into plugging the gap – money that could otherwise be used to invest in growth, hire staff or pay down pandemic debts.

It comes after experts warned that negative rates could bring an end to free bank accounts for the general public by crushing lenders’ profits.

Former Conservative pensions minister Baroness Altmann said negative interest rates would make the problem even worse. She said: “Negative rates make it even more difficult to fund ­pensions as final salary pensions cannot fall in value unless the employer is becoming insolvent.”

The Pension Protection Fund estimated that the deficit of Britain’s 5,422 final salary pension schemes – the difference between what they owe members and the value of their assets – widened to £166bn at the end of September.

It cited plummeting gilt yields as one of the main reasons for the jump, driven down by rock-bottom central bank interest rates that stand at just 0.1pc.

Sir Steve Webb, a former pensions minister and now partner at consultant LCP, said: “Low interest rates mean pension promises you make today are more expensive.”

A negative interest rate policy would be a disaster IMHO.

Talking of DYOR,

Where is the Harbinger today ? Is he keeping a low profile due to a rising Lloyds SP ?

Recovery stocks are hopefully looking forward beyond the end of the virus......

Hollybean,

You can always sell your house if you decide in the future that you don’t want that “mill stone around your neck.”

I’ve never bumped into anyone who regretted getting on the property ladder. I’ve met many that have regretted that they didn’t.

Do you really want to be paying rent still when you’ve retired and no have asset to pass onto your children ?

Silly me for not guessing that Darth. Thankyou for your bizarre explanation......

Who/What is Friday13 Darth exactly ?