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May 26 2022 2.39am

Interest rates to rise again

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View W12's Profile W12 05 May 22 12.03pm Send a Private Message to W12 Add W12 as a friend

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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View Badger11's Profile Badger11 Flag Beckenham 05 May 22 1.09pm Send a Private Message to Badger11 Add Badger11 as a friend

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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View W12's Profile W12 05 May 22 1.14pm Send a Private Message to W12 Add W12 as a friend

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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View Badger11's Profile Badger11 Flag Beckenham 05 May 22 2.09pm Send a Private Message to Badger11 Add Badger11 as a friend

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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View BlueJay's Profile BlueJay Flag UK 05 May 22 2.45pm Send a Private Message to BlueJay Add BlueJay as a friend

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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View W12's Profile W12 05 May 22 3.22pm Send a Private Message to W12 Add W12 as a friend

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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View Badger11's Profile Badger11 Flag Beckenham 05 May 22 3.43pm Send a Private Message to Badger11 Add Badger11 as a friend

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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View W12's Profile W12 05 May 22 4.09pm Send a Private Message to W12 Add W12 as a friend

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

[Link]

"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"

[Link]

Edited by W12 (05 May 2022 4.17pm)

Edited by W12 (05 May 2022 4.20pm)

download.png Attachment: download.png (41.75Kb)

 

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View BlueJay's Profile BlueJay Flag UK 05 May 22 4.32pm Send a Private Message to BlueJay Add BlueJay as a friend

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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View W12's Profile W12 05 May 22 7.23pm Send a Private Message to W12 Add W12 as a friend

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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View BlueJay's Profile BlueJay Flag UK 05 May 22 7.42pm Send a Private Message to BlueJay Add BlueJay as a friend

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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View Rudi Hedman's Profile Rudi Hedman Flag Caterham 05 May 22 8.02pm Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

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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