Abbey National Raise Mortgage Rates

news.bbc.co.uk/2/hi/business/6990991.stm

how long before Irish banks have to raise their standard mortgage rates because of the increasing cost of cash in the money markets? This point has been roundly ignored by the Irish media who seem to think rates are going to come down!!

Not really

The ‘Irish Media’ has instead let Comical and Desperate do the bulk of their 'reporting’for them.

Comical and Desperate are of course completely wrong in their stated predictions because at the end of the day they are salesmen and their employers will not sell product if its too expensive. Therefore they pretend that it will not become more expensive .

The UK does not allow salesmen dressed up as economists to dominate the discussion in their media.