Time to short GBP/USD?
Rates rose last year so, apparently, everyone jumped on the short term bandwagon and decided that the multi-decade trend had suddenly changed. Somewhat prematurely in our view. So the rate rose last year and the media and City pundits went wild announcing the death of the 40 year fall in rates and so, they said, we must expect higher and higher rates in the future. I have news for you: if rates rise then the Western economy is â to put it highly technically toast! So, if the rate at which the government borrows was to rise from, say, 3.5% to 4% â a mere 0.5% rise â this would increase the Governmentâs interest bill by Â£7 Billions pa. How would it pay for it? Â£7Bns of cuts? That would play well with the electorate just as we are entering the final year before the next Election.
LibDims perform U-turn on Mansion Tax
Rent price crash: 6 months -3.387%
Average monthly rental figure for let residential property in England and Wales provided by propertyhawk Property Manager software providers. Rents are the lowest they have been since 2012 and trending downwards. Percentage change:12 months -1.767%, 6 months -3.387%, 3 months -1.859%, 1 month -0.314%
Has the housing bubble peaked?
Metro: Your home probably earns more than you: Property experts warn of a housing âsuper bubbleâ
The article is the same old stuff, but it's a good headline. That's the whole point of Home-Owner-Ism, to get other people to earn money for you and you siphon it off via the land market/mortgages (for the top one per cent), the Homey foot soldiers are being conned a bit because it's only a paper gain and they get tricked into MEWing. The bottom third (the young) are getting shafted by everybody else.
Don't worry, this boom will be perfect
It's a superbubble
Frances O'Grady says a cost of living crisis remains
Now london is in superbubble?
A fate worse than death...
A spokesman for Better Together said: "Only Alex Salmond is suggesting that Scotland would default on our share of the debt if we leave the UK. "People know what happens if you don't pay your debts - you end up with a bad credit rating and everything is more expensive. "That would mean far higher mortgage repayments, higher credit card bills and higher costs for families." They can take our lives, but they'll never take away our low mortgage interest rates!!