Boeing Share Discussion Threads

[whiterussians] 03/11/2008 16:46

Brown flies to the Middle East to beg for cash.

This is a shocking turn of events. Brown's visit is ostensibly on behalf of the Internal Monetary Fund, which may need more than the $250 billion currently in its coffers. But there have been pitches for companies in England, too. At the start of the year, Western nations were loath to take so much as a nickel from sovereign wealth funds. Now the Prime Minister of the world's fifth largest economy makes a trip to Saudi Arabia, hat in hand. Much has changed for Great Britain, and very quickly.

[gsands] 03/11/2008 14:10

These flipping idiots infuriate me.

With house prices and commodities plummeting, deflation is the MAJOR worry.

Deflation plus high levels of debt means years and years of depression.

[moob] 03/11/2008 13:27

He added: "The outlook for the economy is very gloomy. Unemployment is likely to rise to 2 million or more and jobs losses are going to occur across the economy and across the country." Yesterday, the accountancy firm Deloitte forecast that 2.9 million Britons would be out of work by the end of 2010, sharply up from the current level of 1.2 million.

i thought the jobless total was higher already ?

[dusseldorf] 03/11/2008 13:27

moob - 0.5% seems to be the order of the month

[fox tail] 03/11/2008 12:49

0.5 i reckon

[westcoastrich] 02/11/2008 08:09

Slash rates by a full point, embattled industry urges Bank of EnglandDavid Smith, Economics Editor
BUSINESS LEADERS say the Bank of England must slash interest rates this week to head off a deep recession.

....
UBS, in a new forecast, says Britain will be harder hit than other economies by the recession. It predicts a 1.8% drop in GDP next year, worse than the eurozone (0.9%) and US (0.6%).

[westcoastrich] 31/10/2008 10:07

The Bank of England is widely tipped to slash rates, with some experts predicting they could fall as low as one per cent next year.

They are expected to fall as much as 0.75 percentage points next Thursday, the biggest-ever cut by the Bank's monetary policy committee.
The consultancy Capital Economics said there is 'clear scope for an unusually large move' next week due to the worsening economic outlook

[westcoastrich] 29/10/2008 22:58

dont think you will have to wait that long, 6 months max i reckon
the situation looks dire

[smelgy] 29/10/2008 21:28

.......well, I must say, even events financial have taken me by surprise, after 30 plus years in the City.

I now base my forecast on a base rate of 2.5% by the end of 2009.

[westcoastrich] 29/10/2008 20:10

American policymakers have cut the key US interest rate by a half point in the second reduction in less than a month.

In an attempt to halt the economy's slide into recession, the Federal Reserve dropped the main interest rate from 1.5% to 1% just three weeks after the cost of borrowing was cut by a half point in a coordinated move with five other central banks, including the Bank of England

[westcoastrich] 29/10/2008 18:34

How does this Tim Besley guy keep the job? He may be a professor of economics but he has no idea how the real world works.

[fox tail] 29/10/2008 11:27

Beasly what a complete utter burke. It's not the fact that a cut is a "magic" bullet it's necessary to stop people losing their jobs and homes. What a complete prat, they have no idea at about life outside their ivory tower.

[gsands] 29/10/2008 10:50

This is the kind of idiot we are dealing with:

[fox tail] 28/10/2008 20:46

onetomany - who is your mortageg with? I have 0.54 above base

[gsands] 28/10/2008 09:38

You may want to check your small print. Often lenders have a clause which means they will not pass on rate cuts below 3% or another arbitary figure.

[westcoastrich] 27/10/2008 22:09

when will this stoopid government cut rates?

[whiterussians] 27/10/2008 16:26

0% rates will do me nicely :-)

[whiterussians] 27/10/2008 10:35

Britain may need zero per cent interest rate, says top economist Charles Goodhart
The Bank of England may have to cut interest rates to zero if it is to avoid a depression, one of the country's leading economists has warned.

By Jamie Dunkley and Chris Irvine
Last Updated: 7:49AM GMT 27 Oct 2008

Charles Goodhart, a founding member of the Bank of England's Monetary Policy Committee, made the claims speaking to Channel 4's Dispatches programme.

Mr Goodhart, Professor Emeritus of Banking and Finance at the London School of Economics and a member of the MPC between 1997 and 2000, said: "Interest rates will go down from now, by how far and how fast nobody knows.

"They could go to zero. They went to zero in Japan in the 1990s when the Japanese had a recession or depression which went on for a long time and was quite severe."

Such a move would bring interest rates, currently standing at 4.5 per cent, down to their lowest level since the Bank of England was founded in 1694.