herbie8

i would ask that you wait for public sector unemplyment to be added to present unemployment and a further massive stock market crash....just quietly. such liquidity into our economy thrown at banks and the stock market is throwing borrowed after bad, let the market correct itself whether it takes ten years or more.....a generation need to be re-taught the value of saving and living within means or the future will be alot worse in comparative real terms. frugility and keynes - bankers should lend with a gay and light heart to 15% of their coffers......this kind of attitude is redundant with many. retailers are presently advertising up to 70% off when they have had poor trading year, on the run up to xmas consumers will buy stuff, the 3rd week in nov all the big retailers are advertising sales!!! reason, no1 is spending whats required or forecasted! the housing market could never make such a hasty return and banks positions are still very uneasy, BoE could not take the risk of moving IRs and affect consumer spending further by taking more disposable income away from a fragile market...a fragile market expected to pay higher taxes within this medium term further diminishing disposables.......mid 2013 after the olympics things may exceed 1% in my opinion.

haven't reead any comments, but going from the title i think i kow the path. interest rates will hold below 1% for at least the next 4 years, not quite as long as the japanese stagnation but a similar paradigm depending on other factors in US and obviously the new and 'improved' EU that is en route. it is low interest rates in 2003 that have set up this whole credit experience late in the naughties.

CPT - Crystal Palace Road

yeah my friends and i had rump steak burgers with all the trimmings and it was beautiful, william rose meat i was told.....doing it this afternoon/early evening for the ashes too.....might be tempted to pop in again!!!

i asked last night and they are going for fri evening and sat afternoon! maybe a bit of live music next?

Was anyone at the CPT BBQ last friday night and was it any good? Friends visiting this weekend......is the weather to be good bad ugly???