Mundane News

[Reynard]

Time for a and a chocolate-covered medjool date.

 

[rockyroller]

I thought stuff was already too expensive

"In short, interest rates are the Federal Reserve's main tool to combat inflation. Inflation is driven by strong consumer demand. By raising interest rates, which makes things more expensive, the Fed is hoping to dampen Americans' willingness to spend money"

 

[Reynard]

I thought stuff was already too expensive

"In short, interest rates are the Federal Reserve's main tool to combat inflation. Inflation is driven by strong consumer demand. By raising interest rates, which makes things more expensive, the Fed is hoping to dampen Americans' willingness to spend money"

It's much the same what they've just said on the 6pm news over here...

 

[PeteXXX]

Ahhhh, but will the banks raise the rates on savings?

 

[Reynard]

Ahhhh, but will the banks raise the rates on savings?

Probably not...

It's a pain. They're so quick to slash the rates on savings when interest rates come down, but they are ever so reluctant to do the opposite.

 

[DCLane]

Ahhhh, but will the banks raise the rates on savings?

They haven't done to date. I can't see much of an increase being offered; they are quick to raise mortgage rates by the full amount, whilst savings rates usually rise later by part of the percentage rise.

Or ... what @Reynard put a moment before me

 

[Reynard]

They haven't done to date. I can't see much of an increase being offered; they are quick to raise mortgage rates by the full amount, whilst savings rates usually rise later by part of the percentage rise.

Or ... what @Reynard put a moment before me

Great minds think alike - and all that...

 

[DCLane]

Great minds think alike - and all that...

If they don't raise interests rates soon I'm going to blow the lot. On a sports convertible that SWMBO has suggested she would like but I can actually pinch

Oh, and a new bike.

 

[deptfordmarmoset]

Microsoft sent me an update and it made my computer misbehave all day. I've just rebooted it and it appears to be working properly again. Quite why I put up with its wonkiness all day is beyond me. Anyhow, I'm having another mug of tea to celebrate.

 

[oldwheels]

Probably not...

It's a pain. They're so quick to slash the rates on savings when interest rates come down, but they are ever so reluctant to do the opposite.

I had a fixed term bond at a fairly high return and when the time was up said I wanted take up the offer to extend it for another 5 years. They "lost" my letter instructing them to do so until after interest rates fell dramatically blaming some junior employee.
I told them to get lost and took my money elsewhere.

 

[Reynard]

If they don't raise interests rates soon I'm going to blow the lot. On a sports convertible that SWMBO has suggested she would like but I can actually pinch

Oh, and a new bike.

What I've been doing for the last few years is that whenever I have a few spare pennies, I buy a piece of (vintage) jewellery that I like. That way, I can enjoy stuff, and if I buy wisely, I'm not going to lose money if I decide to sell on. Fortunately my tastes are quite classic, which always helps in that regard.

Unfortunately, some of the rings I have are now too big, as I have lost a stone in weight since buying them...

 

[DCLane]

@Reynard - I've done that with vintage watches like yourself (all 1960's-1980's Rado), modern and vintage paintings plus antique 16th-19th century books.

Now I'm looking further afield to other things if savings rates don't go up a bit more than inflation. We don't have huge savings, but SWMBO's very busy with work and that's producing a bit of spare income.

 

[Reynard]

Cats have been fed. Soon it will be time to feed me.

 

[Reynard]

@Reynard - I've done that with vintage watches like yourself (all 1960's-1980's Rado), modern and vintage paintings plus antique 16th-19th century books.

Now I'm looking further afield to other things if savings rates don't go up a bit more than inflation. We don't have huge savings, but SWMBO's very busy with work and that's producing a bit of spare income.

It's good to not put all your eggs in one basket.

 

[Reynard]

Hey ho, lost out in the auction. The seller is now sitting pretty (boo, hiss!) but a bunch of snipers charged in, and the winner ended up paying paid double what it's worth.

The 'bay is a bit of an arse at the moment, because most of the affordable stuff on there is junk. Which means that anything half decent gets far more attention than usual.

Never mind, there's always another day and another auction.

And may the seller wake up in the middle of the night with ants in his pants.