"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Thursday, January 11, 2007

UK Interest Rates rise ...no shock there then

Shock as UK rates rise to 5.25% BBC

SHOCK AS INTEREST RATES RISE DailyMirror

The Bank of England surprised markets on Thursday by raising interest rates Reuters

But no shock to Lord Patel's readers who were warned on Wednesday, January 3 in the post The Mysterious case of the disappearing M3

"If you live in the US ... the only thing you will buy cheaper in a year's time is your house.

If you live in the UK ...expect interest rates 1/4% to rise when the Monetary Committee meet 2nd Thursday in Janaury... highest ever under Gordie as he battles soaring inflation which new energy bills which have been capped for many will flutter through the letter box."

at 1/11/2007 02:55:00 pm

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