38 Comments

1. 

   @NOREALESTATEINVESTORLEFTBEHIND

   January 7, 2024 at 10:44 pm

   Wow, thank you for sharing this great information and knowledge, you were able to articulate it and explain it very well for us to better understand it all. i would love to take this time and openly extend an invitation to have you as a special guest and also an expert on the topic I am sure that our Podcast subscribers' followers would love it. Looking for hearing back from you,

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2. 

   @Chiefmismaker

   January 7, 2024 at 10:44 pm

   "The pain of soaring interest rates and inflation is a knock-on effect of the UK’s decision to leave the European Union, former Bank of England governor Mark Carney has said." – according to The Independent. Could it be that interest rates could have been increased a while ago Mr Carney and we wouldn't be going into shock now? We can only be grateful you're not in the job anymore.

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3. 

   @zeeshanmahmood5697

   January 7, 2024 at 10:44 pm

   Don’t worry we have Rishi sunak who will clean all shit

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4. 

   @jonathanpork-sausage617

   January 7, 2024 at 10:44 pm

   No-one seems to mention that we apparently have the lowest unemployment since 1974. Start driving the economy down and that could change, accelerating the spiral. Targeting inflation over everything else is a bad idea IMHO.

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5. 

   @stephfoxwell4620

   January 7, 2024 at 10:44 pm

   Mortgages have been at 6%, which would normally suggest base rate above 4%.
   BoE well behind the curve.

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6. 

   @Napoleonwilson1973

   January 7, 2024 at 10:44 pm

   Usary

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7. 

   @markhutton6055

   January 7, 2024 at 10:44 pm

   Increasing interest rates during a supply lead inflation crisis, particularly one driven by energy costs will have an upward inflationary pressure, NOT the expected effect of reducing inflation.

   Tax rises, interest rate rises and energy price rises have the effect of increasing prices, this increasing NOT reducing inflation. Strike driven wage increases will only add to this.

   The tax rises and spending cuts will serve to contract the economy (reducing government income) and reduce investment.

   As the owner of a small business providing services to manufacturing I have seen work dry up completely in three months.

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8. 

   @LAJZful

   January 7, 2024 at 10:44 pm

   Mortgage rates are not directly linked to the BOE base rate, unless you are on a tracker rate that follows the base rate you will not be impacted. The fixed rates are actually remaining the same or even reducing slightly. The fixed rates are based on the 2, 5 and 10 years swap rates. Which have actually reduced slightly since the announcement.

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9. 

   @paulshanesmith

   January 7, 2024 at 10:44 pm

   If you've maxed out buying property at 8x your salary, thinking rates would be 0.1% forever, then you deserve everything you get.

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10. 

    @cailancook9720

    January 7, 2024 at 10:44 pm

    There is no way around what is coming, the only way is through. Mass evictions are inevitable at this point…

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11. 

    @johnmunro4265

    January 7, 2024 at 10:44 pm

    I think what most of these economists are missing is that the Baby Boomer generation are all retiring. So a significant portion of the population are not going to be working and relying on pensions to live on. This isn't anything to do with Ukraine, Migration crisis, Brexit or anything else but a population collapse and birth rates dropping significantly. As an example, the average age of a British Farmer is 67 years old, this is going to have a significant impact when they retire on food prices in the UK.

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12. 

    @procatprocat9647

    January 7, 2024 at 10:44 pm

    Great news! 4% next month!!

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13. 

    @richardeastman9846

    January 7, 2024 at 10:44 pm

    The BoE, like the US Fed in “fighting inflation” brings shocks to both aggregate demand and supply for the nation's products, both shocks reducing production and consumption  and one working to lower prices and the other working to raise prices, undoing the very rationale for his policy.  Bailey like his counterpart Powell is waging class war on consumption, production and standard of living.  I can't put diagrams in YT comments, but they are easy to explain. 1) Supply and demand curves for fuel or food in 2019 intersect at low price and high quantity.  All is well.  2)  In 2021 supply curves for fuel or food shift to the left due to supply shocks from lockdowns, sanctions, net-zero government interventions resulting in higher prices and less quantity sold/ consumed/benefiting. 3)  In 2023 demand curves shift left as the Fed and banking-system lending policy drains money from real economy via higher borrowing costs, taking away spendable dollar  deposits in exchange for unspendable IOUs the Fed had been holding since the Bernanke bailouts, this shift resulting in lower prices AND EVEN LOWER QUANTITY –realize that supply shocks can't be repaired if reduced aggregate demand makes  restoring output unprofitable!  4)  In 2024 the money deflation by the Fed ALSO SHIFTS SUPPLY TO THE LEFT  with new intersection with previously left-shifted  demand curve  RESULTING IN BOTH HIGHER PRICES AND EVEN LESS LESS! LESS! QUANTITY SOLD/CONSUMED/BENEFITING,  the deflation causing this shift because a) with fewer items sold the per item prices must be raised to cover fixed costs (interest, rent, long term contract commitments) as well as higher variable input prices rising for the same reasom, and because b) businesses are producing at a scale of plant, machines, organization designed to be efficient at a larger output but is inefficient at lower output; and c) the deflationary spiral has eliminated competition giving the survivors monopoly pricing power apart from these other events.  Thus Powell is part of a murder plot, a contract on the middle class and so are Bailey (BoE) and LaGarde (EUCB) in their respective regions.  The people need to know.

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14. 

    @richardeastman9846

    January 7, 2024 at 10:44 pm

    War is just one of a thousand asymmetrical cuts  resetting, deindustrializing, unfueling, depriving.  The greatest thing preventing our saving ourselves is deflation, money deprivation.  They destroy supply, but they must kill demand as well.  You notice how lockdown took away cash.  In every country every store asked, do you want to donate your change to sick dying children and the homeless and battered women."  And of course everyone was told by the gold sellers advertizing on every talk show, "Buy gold with your worthless trash dollars before the hyperinflation sets in."  What a trick!  What an econ dumbdown!  And of course Powell, LaGarde, Andrew Bailey of the central banks are pushing DEFLATION to further deprive people of portable spendable paper money that alone makes trade, barter, production possible.  No conspiracy theorist has been cancelled, marginalized, blacklisted, gaslighted, crowded out, brushed off as the man calling for monetary reflation of the real economy.  Remember, Truss and Kwasi Kwarteng, who alone among the politicians for the people understood the biggest need.

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15. 

    @wilfpickles9488

    January 7, 2024 at 10:44 pm

    We are bankrupt!
    Who is to blame?

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16. 

    @patrickdoherty6211

    January 7, 2024 at 10:44 pm

    Can somebody correct me if i am wrong but are'nt these central banks the source of the problem? and why does the media never touch on this? I mean Inflation is caused by increasing the money supply and what gives these unelected bankers the right to increase or decrease the money supply circulation ? People will say well it was always like this but that not true. The most important central bank , the US Federal Reserve was created by a colluding cartel of big bankers only 100 years ago. That's not a long time really. Since breaking free from the gold standard in the 70's they have been able to print trillions of dollars out of thin air which has caused boom and bust cycles every 10 or twenty years. When will the people start realizing this scam ?

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17. 

    @mauricetucker8754

    January 7, 2024 at 10:44 pm

    Uncontrolled government spending that's our money hs2

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18. 

    @youngsteph1

    January 7, 2024 at 10:44 pm

    Ignore the idiotic markets & economic experts who have been wrong about everything. Plan for Interest Rates being in double digits by next year as inflation will keep rocketing.

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19. 

    @willryan5508

    January 7, 2024 at 10:44 pm

    Low rates didn’t cause the covid inflation, printing money at record levels did. You can’t solve a problem without accepting that cause!

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20. 

    @daveJones362

    January 7, 2024 at 10:44 pm

    People can’t effort to pay mortgages can’t effort heating electric and food mass uk wide civil unrest will start leading to a uk civil REVOLUTION in The uk very soon the uk government have caused this there will be mass RIOTS all over the uk that will bring the government down the uk police and uk military could not stop it there are almost 70 million people in the uk if only 20% start civil unrest it could not be stopped beware uk government you have pissed all the uk public off with out preduice.

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21. 

    @misfit2022

    January 7, 2024 at 10:44 pm

    If they are going to unwind QE interest rates will rise far higher than they are now. If interest rates hadn’t been suppressed for all those years we wouldn’t have this problem now. This is why I never borrowed more than 4 times as I knew this was in the post. If I know it it amazes me politicians keep making the same mistakes a year 1 undergrad wouldn’t make.

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22. 

    @sparky6612

    January 7, 2024 at 10:44 pm

    When are they going to pass on the interest rates to savers? So quick to put it on mortgage’s but drag their heels for savers.

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23. 

    @daz1963

    January 7, 2024 at 10:44 pm

    I said this 5 years ago, rates need to rise then.
    However to much money burn on over priced Homes and add on's…
    Add a Lock down , Control is forced.
    Liberty is Lost ..

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24. 

    @captainbuggernut9565

    January 7, 2024 at 10:44 pm

    House prices are now totally unrealistic. The deposits are beyond many especially with huge rents. Long term I think rates will now stay around 6/7%.

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25. 

    @cd78

    January 7, 2024 at 10:44 pm

    How will it be a £85 increase per month on 200K. Most folks will be on 2.5% mortgages that are about to reset. 6% mortgages will be hundreads of pounds a month more expensive

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26. 

    @MJ-YT-USR

    January 7, 2024 at 10:44 pm

    That period of record low interest rates was a great opportunity to borrow, buy a big asset (i.e. a house) and get the loan paid off. That's what my wife and I did. We had to make some sacrifices, and people questioned what we were doing, but now we're reaping the rewards.

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27. 

    @adrianrouse5148

    January 7, 2024 at 10:44 pm

    Coving borrowing three years ago did not raise the interest rate. ?????

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28. 

    @paulniggel

    January 7, 2024 at 10:44 pm

    If a countrys economy depends on people getting into massive debt then that country is bankrupt fact

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29. 

    @lumpyfishgravy

    January 7, 2024 at 10:44 pm

    Everyone knows this. So why didn't they? Politics.
    The BoE didn't want to take the blame for the coming recession. So guess who they set up as their fall guy?

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30. 

    @paulniggel

    January 7, 2024 at 10:44 pm

    we do not need central bank crooks or I may add crooked govmnts, get rid !!

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31. 

    @colinmartin2921

    January 7, 2024 at 10:44 pm

    Interest rates have been far too low for far too long, it has encouraged people to borrow and massively added to house price inflation, and has penalized savers, including pensioners who have seen their savings decimated.

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32. 

    @RichardHolland4881

    January 7, 2024 at 10:44 pm

    house prices will go down while debt goes up i see a crash coming

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33. 

    @bachiltonsbattlegrounds3702

    January 7, 2024 at 10:44 pm

    They won’t raise it by 0.75 it’ll be another cop out. BOE is the most reluctant (and Incompedent) central bank in the whole of the west.

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34. 

    @andys1333

    January 7, 2024 at 10:44 pm

    The decade plus of emergency low interest rates has messed up the UK economy. Buying a house now is more a factor of if you're lucky enough to get a windfall (inheritance or gift). Now there are very few options without incurring severe pain for sections of society.

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35. 

    @neilaspinall5005

    January 7, 2024 at 10:44 pm

    20/20 hindsight is a wonderful thing, and commentators and economists seem to blessed with it.

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36. 

    @rebornsmith7542

    January 7, 2024 at 10:44 pm

    This GB news presenter tries too hard. It's not stage school.

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37. 

    @stephenrichards5386

    January 7, 2024 at 10:44 pm

    This generation never knew the high interest rates us Oldens did. We were careful about what we borrowed

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38. 

    @crosstherubicon8373

    January 7, 2024 at 10:44 pm

    Please share what's happening in NZ. This country is being ripped apart by an out of control globalist lunatic.
    https://youtu.be/5JtpwKaZsFU

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