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Channel 4 News 08.04.08
House price debate incl FP
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#16
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Posted 08 April 2008 - 06:02 PM
The winter of discount tents
Paradigm schmaradigm
Paradigm schmaradigm
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#17
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Posted 08 April 2008 - 06:11 PM
FP on.
Insanity is hereditary .......you get it from your kids.!
GREEN & GOLD UNTIL WE'RE SOLD.
GREEN & GOLD UNTIL WE'RE SOLD.
#18
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Posted 08 April 2008 - 06:13 PM
FP on now.
#19
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Posted 08 April 2008 - 06:15 PM
Why do the VIs persist in reciting this trollop, low inflation, er actually no, low interest rates, er going up quite sharply, stable economy, er wtf, low unemplayment, er that's because they're all on the sick.
Go FP, great performance, you must have had a good nights sleep last night!
Go FP, great performance, you must have had a good nights sleep last night!
This post has been edited by correction: 08 April 2008 - 06:17 PM
#20
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Posted 08 April 2008 - 06:16 PM
Nobody foresaw the credit crunch.
Insanity is hereditary .......you get it from your kids.!
GREEN & GOLD UNTIL WE'RE SOLD.
GREEN & GOLD UNTIL WE'RE SOLD.
#21
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Posted 08 April 2008 - 06:16 PM
'No one could have foresaw the credit crunch"
What...
Just look on here!!!!
What...
Just look on here!!!!
House Price changes
Topic Link: http://www.housepric...howtopic=127421
Links: Halifax, Nationwide, Rightmove, Land Registry (monthly), Land Registry (Raw data - Quarterly).
____________________________________________
Read what the papers said during the last crash: Here.
NO LONGER UPDATED. ----------------------- Peak ---------- Trough -(% trough fall) - Current - (% from peak) - (% from Trough) Halifax: -------------- Aug07 199,612 - Apr09 154,490 (-22.60%) - Oct09 165,528 (-17.08%) - (+07.14%) Nationwide: ----------- Oct07 186,044 - Feb09 147,746 (-20.59%) - Oct09 162,038 (-12.90%) - (+09.67%) Rightmove: ------------ May08 242,500 - Jan09 213,570 (-11.93%) - Nov09 226,440 (-06.62%) - (+06.03%) DCLG (formerly ODPM): - Jan08 221,758 - Mar09 187,193 (-15.59%) - Jul09 196,338 (-11.46%) - (+04.89%) Land Registry (Mth): -- Nov07 186,009 - Apr09 152,803 (-17.85%) - Sep09 158,377 (-14.86%) - (+03.64%) FT HPI: --------------- Feb08 231,804 - Apr09 199,953 (-13.74%) - Aug09 205,338 (-11.42%) - (+02.69%) Land Registry (Qtr): -- Q307 230,474 -- Q109 198,939 (-13.68%) - Q209 224,064 (-02.78%) -- (+12.63%)
Topic Link: http://www.housepric...howtopic=127421
Links: Halifax, Nationwide, Rightmove, Land Registry (monthly), Land Registry (Raw data - Quarterly).
____________________________________________
Read what the papers said during the last crash: Here.
#22
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Posted 08 April 2008 - 06:16 PM
correction, on Apr 8 2008, 07:15 PM, said:
Why do the VIs persist in reciting this trollop, low inflation, er actually no, low interest rates, er going up quite sharply, stable economy, er wtf, low unemplayment, er that's because they're all on the sick
Mr. Davis just ripped the underbelly out of all that rather ably.
#23
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Posted 08 April 2008 - 06:17 PM
"No-one foresaw the credit crunch."
Och, Jonathan ---- get in there son!!!!!!!!!
Och, Jonathan ---- get in there son!!!!!!!!!
"Unemployment was also at a decade low in 1990," notes James Ferguson in MoneyWeek. "It didn't prevent a crash then. In fact, the crash in property and the consequent recession were what sent the unemployment rate up from a ten-year low of 6.8% in 1990 to more than 10% by 1994."
#24
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Posted 08 April 2008 - 06:18 PM
Brilliant-well done FP. A tour de force to end a very good day.
#25
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Posted 08 April 2008 - 06:18 PM
Very impressive!
1st 17 minutes of C4 news dedicated to HPC !!!
1st 17 minutes of C4 news dedicated to HPC !!!
For getting tins of beans and £20 Dvd players on the shelves the free market serves us very well.......but what about the ruddy housing market?.
the Bank of England is stitching up savers !
Their hidden agenda is to inflate away all the government debt and mortgage debt like they did in the 25 years after the War....
Our national debt reached 250% of GNP in 1945 because of the cost of financing the War.
but by 1961 this had shrunk to 100% largely because of inflation..which during 50s although not at 1970s levels was 5 or 6% most of the time and over 9% for a couple of years.
Having B of E interest rates at 0.5% and mortgage rates at 5% when inflation is 5% means you can buy a house for a zero real interest rate.....Meanwhile savers get 1% which is minus 4% when adjusted for inflation....
They keep saying theyre printing money to keep the economy going but it also has the massive advantage for them of deflating the value of money.....
In the 20th century except for 2 years during a demand-led slump in 1931and 32 the value of money fell every year...#
I dont know how easy it is to compare now with the 18th and 19th centuries but at that time for nearly 200 years nothing went up in price and gains in productivity were manifested in falling prices rather than rising wages
the Bank of England is stitching up savers !
Their hidden agenda is to inflate away all the government debt and mortgage debt like they did in the 25 years after the War....
Our national debt reached 250% of GNP in 1945 because of the cost of financing the War.
but by 1961 this had shrunk to 100% largely because of inflation..which during 50s although not at 1970s levels was 5 or 6% most of the time and over 9% for a couple of years.
Having B of E interest rates at 0.5% and mortgage rates at 5% when inflation is 5% means you can buy a house for a zero real interest rate.....Meanwhile savers get 1% which is minus 4% when adjusted for inflation....
They keep saying theyre printing money to keep the economy going but it also has the massive advantage for them of deflating the value of money.....
In the 20th century except for 2 years during a demand-led slump in 1931and 32 the value of money fell every year...#
I dont know how easy it is to compare now with the 18th and 19th centuries but at that time for nearly 200 years nothing went up in price and gains in productivity were manifested in falling prices rather than rising wages
#26
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Posted 08 April 2008 - 06:19 PM
HUGE segment on C4 news - and even the other two panellists were made to look bearish.
Nice work Jonathan!
HPC is here today and here to stay methinks...
Nice work Jonathan!
HPC is here today and here to stay methinks...
"While economic textbooks claim that people and corporations are competing for markets and resources, I claim that in reality they are competing for money - using markets and resources to do so. Greed and fear of scarcity are being continuously created and amplified as a direct result of the kind of money we are using. For example, we can produce more than enough food to feed everybody, and there is definitely not enough work for everybody in the world, but there is clearly not enough money to pay for it all. In fact, the job of central banks is to create and maintain that currency scarcity. Money is created when banks lend it into existence When a bank provides you with a $100,000 mortgage, it creates only the principal, which you spend and which then circulates in the economy. The bank expects you to pay back $200,000 over the next 20 years, but it doesn't create the second $100,000 - the interest. Instead, the bank sends you out into the tough world to battle against everybody else to bring back the second $100,000."
- Bernard Lietaer, Former Central Banker
#27
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Posted 08 April 2008 - 06:19 PM
headmelter, on Apr 8 2008, 07:16 PM, said:
Nobody foresaw the credit crunch.
Pity - FP wasn't given the chance to respond to that one, but a good performance anyway
The blonde chick must be related to Krusty....
"When you won, you divided the profits amongst you, and when you lost, you charged it to the bank... You are a den of vipers and thieves."
- Andrew Jackson President of the US, 1829-1837 correctly noting that bankers are a bunch of *****.
"Men, it has been well said, go mad in crowds and only come to their senses slowly and one by one."
- Charles MacKay, 1856.
- Andrew Jackson President of the US, 1829-1837 correctly noting that bankers are a bunch of *****.
"Men, it has been well said, go mad in crowds and only come to their senses slowly and one by one."
- Charles MacKay, 1856.
#28
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Posted 08 April 2008 - 06:19 PM
FP sticks the boot in
The dozy bint from savills looked like a rabbit in the headlights.
Classic HPC TV
The dozy bint from savills looked like a rabbit in the headlights.
Classic HPC TV
"F*ck it dude, lets go bowling" Walter Sobchak
Deflationary VI
Deflationary VI
#29
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Posted 08 April 2008 - 06:19 PM
Whoo hoo FP.
Snake and barge pole.
Yes!!!
Snake and barge pole.
Yes!!!
The winter of discount tents
Paradigm schmaradigm
Paradigm schmaradigm
#30
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Posted 08 April 2008 - 06:19 PM
mythical ladder, its now a snake.
ftbs shouldn't touch the market with a barge pole
fkins lov's it!!!
ftbs shouldn't touch the market with a barge pole
fkins lov's it!!!
I'm a bear in neither's clothing, just to confuse the bulls who are also dressed as neither's, it's also a lot warmer than the Emperor's current outfit.