"Mark" wrote in message
...
On Thu, 8 Feb 2018 16:42:41 -0000, "tim..."
wrote:



"JoeJoe" wrote in message
...
Currently headline on front page of BBC News: "Bank of England hints at
earlier and larger rate rises"

Inside it reads: "The Bank of England has indicated that the pace of
interest rate increases could accelerate if the economy remains on its
current track."

the sooner it comes about the better

extended period of ZIRP is doing the county much harm

a) We don't have ZIRP.

don't we

you've not been keeping up

b) Low interest rates are a good thing, given the indebtidness that is
prevalent now.

But that's the point

it encourages even more indebtedness. It gives people the impression that
it's Ok to overstretch yourself with borrowing.

But you are ****ed when rates return to normal, if you do that.

tim