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Warnersister Vice Captain
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 Posted: Thu Jul 05, 2007 4:23 am
....although possibly with a little schadenfreude for those folk not in the same happy position as me.
Yes, the Bank of England base rate has just gone up again biggrin Why do I care? Well, aside from being an accountant and therefore deeply (and sadly) interested in that sort of thing, it means that the rate I get on my savings has gone up again. Now, I know one of my providers will take its own sweet time to track this change, but the other two are pretty prompt.
Plus, having a fixed rate mortgage, I laugh in the face of rate rises. And my mortgage interest rate is now well below the base rate.
Rather a lot to laugh about there, really smile
So, now that I've basically gloated, here's the debating bit:
+ Rate rises: good or bad for the UK economy?
+ Rate rises: good or bad for the average person?
+ Do people generally manage to stay within their means, or are we all so obsessed with consumer goods these days that we spend as though there's no tomorrow, thus racking up tonnes of debt that we then blame on the banks for lending us in the first place (spot on which side of the debate I fall there wink )?
+ Should banks refuse credit to people if they think they're not mature enough to keep on top of it? Should banks become another arm of the state in that respect? Or are banks in fact profit-making entities who, provided they make a profit on the majority of their loan book, are happy? Should they be?
Plenty of questions there for anyone who bothered to read this far down. And now that I've put most of the forum to sleep, I'll say adieu smile
DW
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Posted: Fri Jul 06, 2007 1:39 pm
Schadenfreude? Real Englishmen say Epicaricacy.
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Warnersister Vice Captain
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Posted: Sun Jul 08, 2007 8:43 am
*looks it up*
"An apparent English equivalent is epicaricacy... This word does not appear in most modern dictionaries, but does appear in Nathaniel Bailey's Universal Etymological English Dictionary (1727)..."
I'll bear that in mind the next time I wish to speak to someone in the 16th century wink Can you also spell the full word for ipecac? I think it's ipecacahuana, but I suspect that's not quite right. I'd have to go look it up in Dorothy L Sayers' "Clouds of Witness". Chief Inspector Parker rocks precisely because he *can* spell it.
Back on topic, Xag, what are your views?
DW
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Posted: Sun Jul 08, 2007 12:48 pm
Well, I'd say banks are, frankly, profit-making entities on the whole, but the Bank of Englad does possess a certain amount of influence beyond that, so I suppose one could consider them and them alone an extension of the state.
Personally, I;ve always done fairly well at avoiding debt up until now.
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