China shadow banking evaporates
Milking a happy electorate
You might have thought that by now the UK would have learned its lesson; plainly not. In fact, the big takeaway from the last bust has been precisely the reverse; just sit tight, and with a helping hand from the Government and the Bank of England, the housing market will always eventually come storming back. In preparing for next weekâs Budget, Chancellor George Osborne is unlikely to be much concerned with the long-term consequences of another runaway housing market. Instead, he will be focused like a laser on what might revive his dwindling election prospects.
The building boom continues.
Landowners have proposed building hundreds of homes on swathes of greenbelt land. Ten potential development sites, nine of which fall in the greenbelt, have been put forward for assessment and scrutiny by the people of Ashtead as Mole Valley Council develops its housing plan. Ashtead Community Vision (ACV), the working group of Ashtead Neighbourhood Forum, has assessed the sites and is now holding a public consultation.The public consultation runs until Sunday April 6. Comment on the sites at ashteadcommunityvision.org.uk.
Is that NIMBYs, marching over the hill or is it a Monster, is it a Monster
IF YOU think Londonâs housing crisis is bad, house prices are too high, or rents are extortionate, you ainât seen nothing yet. The capitalâs population is forecast to increase by a further 1m by 2021, yet only 18,380 new homes were built in 2012-13. while we advocate a policy of âbrownfield firstâ â building on previously used land â itâs unlikely that this alone will provide enough land for the number of new homes London needs. Greenbelt land will have to be considered. This means itâs time we put a myth to bed: greenbelt is not all parkland where deer graze serenely, surrounded by wooded copses. Portions of the greenbelt are forgotten, unloved scrubland that would be considerably improved if thoughtfully developed.
Sold the family silver, now we're selling the souls
LONDON â THE city has changed. The buses are still dirty, the people are still passive-aggressive, but something about London has changed. You can see signs of it everywhere. The townhouses in the capitalâs poshest districts are empty; they have been sold to Russian oligarchs and Qatari princes.
Depression almost over
Warren Buffet said at the start of the recession that a recession isn't over until the economy surpasses previous highs. Seems fair, even if it's not exactly a literal interpretation of the word "recession". That said, after 6 years, it's hard to argue that this has been anything but a depression, even if the double dip's been revised away. Either way, it's almost over.
The west is right where Russia wants it - vulnerable to hyperinflation!
If Russia were to begin unloading US Dollars it would almost instantly lead to a collapse of not only our financial markets, but our entire way of life. And while Russia alone may not have the economic power to single-handedly crush the U.S. economy, if their trading partners and allies like China got into the mix, coupled with front-running investors who may suspect the move is about to happen, it could well be a blood bath on a global scale. In 2008 the Fed and the federal government spend every penny they could, anything they could create or anything they could guarantee. They did everything they could possibly do to keep the system from crashing. They guaranteed all bank accounts. So, they saved the system, but now what they did has not borne fruit. We have not seen a recovery!
No NIMBY's were burn in the making of this article.
More than 200 people [NIMBYS] have signed an online petition against the proposals, calling for them to be built on brownfield land instead. But South Yorkshire's chief fire officer James Courtney said the sites were chosen to provide the best possible response times. If approved the stations would be constructed by the middle of 2015. The new stations, off the A57 Sheffield Parkway next to Bowden Housestead Woodland and in the Moor Valley, would replace three existing stations - Darnall, Mansfield Road and Mosborough. "The old stations date back to the 50s and 60s and were provided for a risk that no longer exists because the risk has moved."
Don't worry Greece's banks need another 15 billion euro
Austerity may last until 2020 and chancellor may have to make further cuts to welfare, local government and police, claims FT. But don't worry, inflation and house prices are going UP! It makes me proud to know Dave is prepared to lend those poor Ukrainians lots of cheap cash.