2007-08-09 19:15:20 · 4 answers · asked by Bob M 1 in News & Events ➔ Other - News & Events
I doubt it... But we COULD be seeing Bush OUT- the way we saw him come IN, -with a Recession. I'm HOPING I'm wrong... :(
2007-08-09 19:34:22 · answer #1 · answered by Joseph, II 7 · 2⤊ 0⤋
No we are not, but I disagree with parts of what Dragoner says. The interest rates from here will only go up over the next several years. They won't be cut. This will force many people who are already on the edge, into financial hardship.
And house prices cant keep going up if there is no-one around to buy them because interest rates are so high. I think people who are already pushed financially jumping onto the home ladder in the next 6 to 12 months is a bad idea.
Ride out the wave until the economic cycle hits a downtrend with interest rates then jump back on.
If you want to know whats likely to happen with interest rates, keep an eye on the inflation figure. Bad inflation figures means pressure on the Reserve Bank to increase the interest rate.
2007-08-10 04:34:54 · answer #2 · answered by Anonymous · 1⤊ 0⤋
No, quite the opposite. The stock-market [UK] is on the up now that most analysts are sure that the BofE will probably raise interest rates to 6% before years end.
The UK housing market continues it's upward trend and the latest suggests that house prices in UK could climb by as much as 40% in the next four years.
Better go out and buy one today then!
The UK economy which is booming, is not to be confused with what is happening elsewhere, say in the USA where house prices seem somewhat depressed at the moment.
2007-08-10 03:15:14 · answer #3 · answered by Dragoner 4 · 0⤊ 0⤋
yes. the rich are enraged when the poor have anything at all...they are about to take it away
2007-08-10 02:20:02 · answer #4 · answered by lefty 4 · 1⤊ 0⤋