Member Info for NettlesTheCat

I bet my non existent cat balls that it won't be 0.5%. It's 100% 2.5%.

"rates are still historically very low" - tell that to the cats getting out of low fixed rates who can't afford the same house they lived in for the last 5 years.

It's a sh8t show waiting to happen and we have no decent leader to guide us through it. And I'm a tory cat!

... that I even bother with this board and not sit back and lick my non existent balls whilst listening to JTT's John Williams sound track.

1) Inability of UK to stand alone and realise a 0.25% increase does absolutely nothing.... other than give the economy fair warn that it will continue to do things exactly the same as it the prior month. Useless.

And yes, we will see 0.25% increase tomorrow as it's what the government expect the BoE to do.

We needed a 0.75% at stage one to get industry shocked into action and allow CPI to catch up on that raise.

Continued 0.25% is so gradual it means nothing apart from ripping off first time mortgage borrowers and those coming to a the end of mortgage deals - it doesn't even help OAPs as there money is tied up in long terms bonds as they were scared into buying them three years ago!

...which is the reason

Those banks still holding 1-2% bonds will be looking for liquidity in the LIBOR (that has all of a sudden got 0.25% more expensive).

It's laughable how these economies are run - we'll see another run on the banks soon.

..and UK BoE have no back bone so they'll do a 0.25% increase.

Time has come for individuals to ignore central banks and do what they think best.

BOIL.L up

AML.L up

ECR.L up

Not really - I've got a long line of felines.

As this is a RR board, I will refrain from sharing tips but we're all friends aren't we?
BOIL.L looking good to boil over in the coming days (see what I did there).

Do your own research of course, but I'v just put the wife into my ISA to cover the purchase.

Out of interest, my financial advisor told me he was getting heavy into bonds himself.... I said it was probably a tad early as they got to get rid of the chaff surely?

Well, there you go - weeks later, bonds crashing and I'm 52% up.

... oh sh8t!

I'm saying the UK "NEED" to do 0% this month and let the CPI catch up - but they'll go with the flow and do a 0.25% increase.

Which is nothing! Just hurts those new to mortgages and nothing else. OAPs have money in fixed bonds..... it will be a silly move to get the LIBOR rate raised which is in itself bloody ridiculous.

Anyway, I'm a cat.

Zero would be awesome of everyone (stocks, mortgages, savers) but they fudge it up again.

"That’s why the ECB had to raise interest rates by 0.5% as they’d signalled that in the weeks running up to their rate rise. Anything less could have be seen as weakness in the financial sector if they’d back tracked and gone lower. There’s more pressure on the BOE than the US after those figures this morning as they need to signal to the markets they intend to get inflation under control as Sunack staked his reputation on halving current inflation. The clues always come in what they have to say at the meetings end and as such how the markets react. I wouldn’t wager on this one so took profit yesterday!"

I totally disagree with everything said here.

Initial interest rises should have been big and considered a shock to the system - they should also have left enough time for the markets to adjust in between the increases.

0.25% adjustments every month wasn't enough shock and instead gave the sector a steady coping mechanism.

We're now left with an increasing inflation rate and the need for more interest hikes whilst the crappy 1% interest bonds banks are asking for no raise (or even a decrease).

We need zero interest rate rise tomorrow. Allow the CPI to at least get up to date.

Higher UK inflation than expected, waiting for US interest rate rise.... nothing to see here, and certainly not anything unique to RR.

Yeah, I posted this yesterday.

Two ways to solve that.

1) Don't sell
2) Have as much as you can in your Equity Isa (no tax to pay on any increase, sale or dividends).

"It was always going to retrace, and its bouncing back lovely."

You foresaw the mini bank crisis last week? I didn't.

"Fitzy - don't forget that is pre rights issue price before 6.4 billion shares were added to raise revenue. Whilst I agree we are on the way up, what you are saying is not a fair comparison."

Not strictly true - best to look at MCap rather than share price to decide what the share price 'should' be.

2019 (pre covid) the MCap peeked at around 77bln compared to the 12.1bln today.

A very high ceiling in my opinion!

£7 close.

"Last Energy has shunned this process [being part of competition] and gone directly to customers and investors to fund its smaller units, which with a smaller price tag can be afforded by a wider range of customers."

Honestly. Good on them, [Last Energy].... they've obviously got more 'get up and go'.

Bloody disgrace to the usual slow pace UK tortoise.

"A US-based developer of small nuclear reactors has signed a deal to sell 24 of its power plants to UK customers, putting pressure on rival makers including Rolls-Royce."

Spend a £1 to read the rest.

.... great with tech but too slow to get it out there.

https://www.telegraph.co.uk/business/2023/03/20/us-firm-agrees-sell-24-mini-nuclear-reactors-uk-customers/

Follow this guy:

https://twitter.com/RobinBrooksIIF

A few posts ago, he spoke all about the collation between US stocks and Crypto.... very interesting.