Reply To: IBEX down 7% TODAY !!!!!

#77586
Anonymous
Participant

I think there is a good chance that Bobo the clown Bernanke at the Fed will cut rates today, and I agree with ralitas comment -they will regret it in the future

Yes, excellent point Forestfire. The World’s economic conditions are against the developed West now. Demand from emerging countries will outstrip demand pushing raw prices ever-upwards. Remember the days when interest rates were the norm at 12%?

Those of us with mortgages will get a window of opportunity for a fix at a lower rate this year. I’m going to go for a 10 year fix in September. If, say I can secure 4.5% then this may look ridiculously cheap in a couple of years time.