We will know today at 12:00pm GMT whether the Bank of England has dropped its interest rate to 0.5% or even the 'magic' 0.0%!
With M4 at 17.5% it hardly makes much difference, I suppose, but it will further underline just how desperate the government is becoming in trying to re-inflate this bubble.
So what's the prediction from Maturin Towers?
=> Stick at 1%; 4/1 shot
=> Drop to 0.5%; 2/1 shot
=> Drop to 0.1%; 8/1 shot
=> To heck with it, let's get this charade over with and drop to 0%; 8/1 shot
There is one other really extreme outsider:
=> Stop printing money to prop up these artificial government-induced interest rates and let the free market work out a sustainable interest rate which will more properly coordinate the capital structure of markets over time, punish the imprudent, reward the prudent, encourage the appropriate level of saving commensurate with the overall desired balance between production and consumption, and efficiently and effortlessly manage the market in the same way that the principle of 'survival of the fittest' auto-manages the process of evolution; 1 million to one shot