AsleepInYorkshire wrote:Is recession the worst of our fears?
AiY(D)
Or is it Putin's twitchy finger
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AsleepInYorkshire wrote:Is recession the worst of our fears?
AiY(D)
AsleepInYorkshire wrote:Is recession the worst of our fears?
Is stagnation hovering?
AiY(D)
jackdaww wrote:but i am baffled that the markets have held up this far.
vand wrote:US teeters on brink of an official recession with -1.4% Q1.
https://www.cnbc.com/2022/04/28/us-q1-gdp-growth.html
Surely every other major economy will fall into line too.
Gilgongo wrote:Mind you, the interest rate in the UK averaged 7.17 percent from 1971 until 2022. But I suppose a rise from the historically low base we'd been on since then is the problem, rather than the absolute number?
Dod101 wrote:Gilgongo wrote:Mind you, the interest rate in the UK averaged 7.17 percent from 1971 until 2022. But I suppose a rise from the historically low base we'd been on since then is the problem, rather than the absolute number?
Are you sure that statement is correct? Over the 51 years from 1971 until 2022, the interest rate (presumably what is called the Base Rate) averaged 7.17% ? Considering that since mid 2009 it has been below 1% that seems surprising.
Dod
Interest Rate in the United Kingdom averaged 7.17 percent from 1971 until 2022, reaching an all time high of 17 percent in November of 1979 and a record low of 0.10 percent in March of 2020.
servodude wrote:Dod101 wrote:Gilgongo wrote:Mind you, the interest rate in the UK averaged 7.17 percent from 1971 until 2022. But I suppose a rise from the historically low base we'd been on since then is the problem, rather than the absolute number?
Are you sure that statement is correct? Over the 51 years from 1971 until 2022, the interest rate (presumably what is called the Base Rate) averaged 7.17% ? Considering that since mid 2009 it has been below 1% that seems surprising.
DodInterest Rate in the United Kingdom averaged 7.17 percent from 1971 until 2022, reaching an all time high of 17 percent in November of 1979 and a record low of 0.10 percent in March of 2020.
From:https://https://tradingeconomics.com/united-kingdom/interest-rate
I haven't looked at their numbers but I suspect geometric averages, much like compounding (the other side of the same coin), can feel a bit unintuitive
-sd
pje16 wrote:try this one
https://tradingeconomics.com/united-kin ... erest-rate
It had a double https://
Ps try the 25 year view of the chart
or even the "MAX" one
Gilgongo wrote:Mind you, the interest rate in the UK averaged 7.17 percent from 1971 until 2022. But I suppose a rise from the historically low base we'd been on since then is the problem, rather than the absolute number?
Bubblesofearth wrote:I think this is the problem with rising interest rates;
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