Member Info for Wids

Morning Gate
No way out of this, payback is upon us all - slowly then suddenly. Double whammy coming next week in the US, with Japan the country to keep an eye on.

What's coming should be obvious.

John

"You have issues !"

You're right there, I don't think the majority would dispute that.

I think he needs a "come dine with me" night with Diane Abbott - I'll leave it at that, as the mind could run riot.

ATB

Hu
"If all the savers/depositors withdrew all their money the banks would be fecked."

It doesn't take all savers/depositors, just enough to clear out the vault cash.

Goodnight Vienna

Theo
Look on the bright side. Lean Hogs are down, Gold is up - great direction indicator.

Jelly babies will be worth more than the Russian rubble. The rating agencies will have the final words - uninvestable junk!

Zirp
"Policy is written by Big Banks, Pharma, and Tech Giants to serve their own interests to be rubber stamped by whichever dignified figure head is notionally in charge at the time."

You missed out who writes their policies

Thought you had a hot line to Putin snige - make the call and suggestion.

Btw, how's EUR/GBP exchange rate these days - haven't looked for yonks :-)

"For what it is worth, my view is that interest rates will go much higher, for much longer. More than if he had acted more decisively earlier. ******* about with a quarter point here a quarter point there is like ******* on the beginnings of a smouldering fire, before it bursts into a raging monster".

True, to fight inflation you need to get ahead of it - that won't happen. There is two monsters, a recessionary one and inflationary one. The BOE and Government are fcked on both. There is no good outcome on both whichever way you through the dice.

Bankers are quick to talk but slow to act. Don't be surprised to see rates back at zero.

"Recall that interest rate hikes helped catalyse the financial crisis of 2008 and 2009. Then, as now, easy money had led to high levels of borrowing and inflated asset valuations — conditions that could no longer be sustained as monetary policy tightened."

There's a clue in there somewhere.

Rates where left to low for to long after the dotcom crash. Low rates were the fuel to a future blowup - rate hikes were the match.

Happy days ahead then! The future is rosey - don't be fooled.

Any increase in the cost of money, let alone the price hikes in almost everything and in the future, is not good for the consumer - including banks.

Howdy John
I'm well, overworked but knackered. Hardly time for a look in these days. Bunker finished, filled with Wine and Cheese in case No 10 hits a supply issue - keep your pecker up.

Baffled - Spot on. Greenspan the father of the ruinous economic policy.

"john , interest rate are still super low the banks have got to control inflation , slow small rises test the economy so Recession doesn`t happen"

LoL, Recession is on the way even without rate rises. Besides, to kill inflation rates need to get ahead of the CPI - that ain't going to happen. Prepare for the rate and taper tantrum, it's baked into the cake. Tightening into weakness is a new one on me.

The Fed is boxed, it has two choices - neither is good for anyone.

WW
Falky, abuse, I was just quoting you, if you can’t take it then don’t give it !"

LoL

Gateboy
A token rise in rates won't put the inflation genie back in the bottle - it's bolted. You can't pussy foot with small rises, you need to get ahead to slay the beast. Ask yourself why would they want to in the first place?

All rather predictable. Get ready for the next CPI calculation fiddle - it's already booked in. Will be presented as a more accurate way of measure - you know, the same old shight that benefits you and feel better.

There's only one benefactor.

CBs in a box. No way out....so expect more and bigger QE and lower rates - infinity and beyond.

WW
Boris will announce a nationwide Cheese & Wine night followed by a Quiz.

Keep your head down

Levis
Kicked the curry into touch. Too risky, many downsides, few benefits = plug pulled.

Chitshow indeed. Make the most of your freedom, it's being attacked from all directions.

Fish+Chips delayed not cancelled - have a good one!

Morning Levis
The next chapter where we go next has been written. The driver to all this monetary carp the Fed, are about to go awol.

The next pull back may well be the one that keeps going bringing reality in line with the economy. Certain indices at key levels and a lot of free air below.

The lumberjacks are on call.

Anyway, you got fish+chips to look forward to - if you're allowed in :-)

Morning L
The Elites have it all under control :-)

Bigger QE, lower rates, higher inflation, and more stimmies on the cards - gotta keep the whole shebang going.