So got my investment report recently, its grown by 20% year ending July. Since then in August the markets have dropped by about the same amount, am I mad? Not really, I'm buying and not going to sell for a few years. You know the golden rule, buy low sell high!
In other news the US Federal Reserve expects to keep interest rates on hold at 0-0.25% for another 2 years, it looks like the UK will follow suit. I don't know about you but I've been feeling a reduction in my spending power with inflation officially around 5% (personally it feels more around 10-15%).
A rise in interest would help this but it doesnt look like its going to happen. I say put it up 2-3% over the next year and get people saving, if people lose their houses making repayments at this rate then they shouldn't have had the house to begin with.
Stop dragging this out and get the pain over with, put up rates now!
thoughts?