Interest Rates rise again
14 September 2007, 05:36 PM
#214
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Sounds like further rises are being delayed however;
To ease panic in the financial system, the Bank of England could delay raising rates, further hitting the pound.
17 January 2008, 10:29 AM
#216
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Even if rates end up at 6.5% I still happily say I don't know what I'm talking about and you do. However I'd be right and you'd be wrong.....Let's have a little challenge to review in 12 months time. Who's closer to the rate. I say now, 6% as the non-expert. You as the expert say X% and surely you'll end up right, we shall see.
Let's face it, experts do NOT know. they suspect, they predict, they anticipate, they hope but they do NOT know as has been proven in the past. What were your last years predicitions for year end?
The expert wins.....
Last edited by marky1; 17 January 2008 at 10:31 AM.
17 January 2008, 12:54 PM
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17 January 2008, 01:48 PM
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17 January 2008, 02:22 PM
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The question as you put it was who was closer! Sure I didn't get it bang on but if you read back to the original post my whole point was that it's easy for the market to be wrong by 25 basis points. At the time you were looking for rates to be 6.5% (although you did bottle it and bring that down to 6% when challenged!) As you say experts are never right all the time but they try to accurately predict, I think I managed to do that. I'm trading sterling interest rate futures every day so I would like to think I have a reasonable knowledge of how things work.
Anyway as for next year I am pretty unsure at the moment, a lot more going on in the world than there was this time last year, makes it a harder call.
Anyway as for next year I am pretty unsure at the moment, a lot more going on in the world than there was this time last year, makes it a harder call.
Last edited by marky1; 17 January 2008 at 02:25 PM.
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