ARmy Rumour SErvice

**eodmatt** · 15-10-2011, 04:26

The bit where the interest rates go sky high is the bit that I am concerned about. I am on track for paying my mortgage in UK off completely by January (11 years early) but ideally would like to defer until April or May. Will interest rates stay low until then?

Whats the consensus?

**jimmys_best_mate** · 15-10-2011, 05:05

Originally Posted by Flight

A big burst of inflation would just bring your salary and benefits down to what your 'job' is worth. You make nothing are are just a parasite in the system.

I love this attitude on an Army site. All public sector workers are workshy wastes of money. Apart from us, obviously.

**jonwilly** · 15-10-2011, 05:23

UK must have low intrest rates for quite some years.

john
and the Pound can go ta F.

**mercurydancer** · 15-10-2011, 13:00

Originally Posted by Flight

Bollocks.

No-one would notice. Civil disruption? More like the paper-clips wouldn't be counted the requisite 12 times.

"but the infrastructure of healthcare, police, emergency services, civil service just not cooperating at all."

Been happening for at least a decade to my knowledge....

A big burst of inflation would just bring your salary and benefits down to what your 'job' is worth. You make nothing are are just a parasite in the system.

I doubt, however, that if it came down to a whinging or moaning battle that I would stand a chance....

I'm sure the people I treat for cancer and other diseases dont think I'm a parasite. I am part of a team who make people well and you would run straight to us if the need arose and all your silly comments would be forgotten.

Cilvil unrest? Yep. Police not responding to incidents, limited hospital access, fires going out of control, limited ambulance service.

**angular** · 15-10-2011, 14:13

Originally Posted by eodmatt

The bit where the interest rates go sky high is the bit that I am concerned about. I am on track for paying my mortgage in UK off completely by January (11 years early) but ideally would like to defer until April or May. Will interest rates stay low until then?

Whats the consensus?

Well I expect interest rates to be low for a couple of years; Japan has been living our future since the 1990's.

And if it really makes so much difference over 3 or 4 months, I'll sub you £2k for a 50% stake in the property...

**alib** · 15-10-2011, 14:46

Originally Posted by angular

Well I expect interest rates to be low for a couple of years; Japan has been living our future since the 1990's.

And if it really makes so much difference over 3 or 4 months, I'll sub you £2k for a 50% stake in the property...

You know what, despite tsunamis and reactor Meltdowns, Japan is basically fine. Growth is flat but after a remarkable boom, it has a robust industrial sector, unemployment is 4.3% and trending down.

Their standard of living remains very high, the population, saves and is a big creditor to the state. The longterm problem they have is a aging population and a cultural inability to absorb immigrants to compensate.

Such a happy situation is not what's round the corner. UK PLC is very vulnerable to a second crisis in world finance. It has a bloated banking sector and not just a large public debt but a massively leveraged private sector.

You want to see the UK's future, look closer to home, something like Iceland if it is really lucky. A collapse of many City institutions most of them too big to bail and unlike pennant Ireland a livid population turned rather Bolshie and wondering how the powers that be could have beed so stupid.

**eodmatt** · 15-10-2011, 15:23

Originally Posted by angular

Well I expect interest rates to be low for a couple of years; Japan has been living our future since the 1990's.

And if it really makes so much difference over 3 or 4 months, I'll sub you £2k for a 50% stake in the property...

I dont need subbing, thanks. But I am investing money in land elsewhere and dont want to be caught if there is a sudden movement in interest rates, as I would have to divert cash back to UK at a critical point..

**angular** · 15-10-2011, 15:47

Originally Posted by eodmatt

I dont need subbing, thanks. But I am investing money in land elsewhere and dont want to be caught if there is a sudden movement in interest rates, as I would have to divert cash back to UK at a critical point..

Another investment opportunity vanishes into the ether.

Want to make a small fortune? Easy, lend me a large fortune, and I'll invest it for you.

**eodmatt** · 15-10-2011, 17:39

Originally Posted by angular

Another investment opportunity vanishes into the ether.

Want to make a small fortune? Easy, lend me a large fortune, and I'll invest it for you.

Are you Nigerian?

**Flight** · 15-10-2011, 21:36

Looks as though the IMF is wading in...

Europe in €2 trillion rescue bid - Telegraph

Few details yet however it will be interesting to see whether use of the IMF's firepower will bring with it effective scrutiny of the accounts..

France was rather keen to see that the new head of the IMF, after the other groping frog's antics, was French. I suspect we're seeing the results now...

No idea where the other money is going to come from....