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Interest rates to rise again
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| W12 05 May 22 12.03pm | |
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Originally posted by PalazioVecchio
to rob directly from the bank account. That has already happened in loads of places. Yes happened in Cyprus for example
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 Badger11  Beckenham 05 May 22 1.09pm |
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Your savings up to 85k are protected so if you are lucky enough to have more spread it around and make sure they are not a subsidiary firm.
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| W12 05 May 22 1.14pm | |
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Originally posted by Badger11
Your savings up to 85k are protected so if you are lucky enough to have more spread it around and make sure they are not a subsidiary firm. You can claim it via the FSCS but it doesn't mean you are going to get it.
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| Badger11 Beckenham 05 May 22 2.09pm |
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Originally posted by W12
You can claim it via the FSCS but it doesn't mean you are going to get it. Why would you say that, unless the government collapses.
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BlueJay  UK 05 May 22 2.45pm |
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Originally posted by Eaglecoops
Housing market collapse incoming, you heard it here first. We're definitely due one you'd think.. I wonder though, due to limits in the housing supply, whether any price fall would just equate to the rise over the past couple of years. As such it wouldn't massively help those who were struggling to get on the housing ladder anyway, and instead could just end up being hoovered up by those with perpetually deep pockets looking for a bargain. Just guesswork on my part though. We could definitely do with the endless house price rise stopping for years. It's reached absurd levels. Edited by BlueJay (05 May 2022 2.46pm)
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| W12 05 May 22 3.22pm | |
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Originally posted by Badger11
Why would you say that, unless the government collapses. If all the banks default then where is the money coming from? Most simply do not understand the derivative market.
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| Badger11 Beckenham 05 May 22 3.43pm |
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Originally posted by W12
If all the banks default then where is the money coming from? Most simply do not understand the derivative market. If "all" the banks fail I agree. However since 2008 they have been required to up the amount of capital they have to put aside and they face regular stress tests. For all the banks to fail it will have to be a cataclysmic financial disaster worse than the Crash of 1929.
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| W12 05 May 22 4.09pm | |
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Originally posted by Badger11
If "all" the banks fail I agree. However since 2008 they have been required to up the amount of capital they have to put aside and they face regular stress tests. For all the banks to fail it will have to be a cataclysmic financial disaster worse than the Crash of 1929. Derivatives Of course another word for this would be a ponzi-scheme or just plain fraud "The derivatives market is, in a word, gigantic—often estimated at over quadrillion on the high end. How can that be? Largely because there are numerous derivatives in existence, available on virtually every possible type of investment asset, including equities, commodities, bonds, and currency. Some market analysts even place the size of the market at more than 10 times that of the total world gross domestic product" Edited by W12 (05 May 2022 4.17pm) Edited by W12 (05 May 2022 4.20pm)
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Attachment: | BlueJay UK 05 May 22 4.32pm |
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Originally posted by Badger11
Your savings up to 85k are protected so if you are lucky enough to have more spread it around and make sure they are not a subsidiary firm. The new Chase account offers 1.5% interest with an instant access savings account which is a decent option (well crap still, but comparatively!). Unsure of which others might be worth a look! Edited by BlueJay (05 May 2022 4.33pm)
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| W12 05 May 22 7.23pm | |
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Originally posted by BlueJay
The new Chase account offers 1.5% interest with an instant access savings account which is a decent option (well crap still, but comparatively!). Unsure of which others might be worth a look! Edited by BlueJay (05 May 2022 4.33pm) At 7%+ inflation?
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| BlueJay UK 05 May 22 7.42pm |
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Originally posted by W12
At 7%+ inflation? Yes, it's not exactly a giveaway unfortunately... Few sure fire ways to insolate yourself at this time.
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| Rudi Hedman Caterham 05 May 22 8.02pm |
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Up to 2.6% on fixed rate bonds. Sh1te. And sh1te compared to around the time of the late noughties crash. Another problem with low interest rates is it tempts more into property and adds to the problems in the home owning market.
COYP |
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