Bank keeps interest rates at 0.5%
Thursday, 04. 9. 2009 – Category: Downturn
The Bank of England has kept interest rates on hold at 0.5%, in a widely expected move following a number of rate cuts in recent months.
Rates remain at an all-time low after six cuts since October last year, when interest rates stood at 5%.
Bookmark It
Hide Sites
Accelerate your Mortgage, Free your Income
Saturday, 03. 14. 2009 – Category: Uncategorized
I was recently asked about a mortgage acceleration program and how they work. The idea behind the program is to pay off your home 2 or 3 years early, and save a bunch of money on interest. But what are they exactly, and do they really work?
Most mortgage acceleration programs use the same basic principle. [...]
The Evils of Inflated Credit
Thursday, 03. 12. 2009 – Category: Uncategorized
The questions of currency and credit are closely interlinked. The inflation of credit does not necessarily lead to inflated currency, and deflated credit does not necessarily lead to deflation of currency, provided the balancing act is done carefully. A spanner in the works can cause all sorts of problems.
It could be argued that the inflated [...]
Be Mortgage Free-in Less Than Half the Time
Wednesday, 03. 11. 2009 – Category: Uncategorized
It’s no secret that the largest debt most people will have in their lifetime will be tied to their home. Yes, it is the one associated with that number 30, as in 30 years. It is amazing that when we do finally pay it off, that the total amount paid, with interest, of course, is [...]
British Government May Start Printing Billions Soon!
Wednesday, 03. 4. 2009 – Category: Downturn
There seems little point in reducing interest rates any further as the interest rate cuts are proving to be ineffective and the Bank of England base rate cuts are proving to be unpopular with savers and borrowers. The pound is falling against the dollar and the euro. Savers are not being rewarded for saving their [...]