Wednesday, Mar 28, 2007
There 'May' be trouble ahead
Daily Mail: Governor warns of house price slowdown and rate rise
Repeat mostly of earlier posting regarding Mervyn Kings comments about the economy and the signs that house price growth is starting to slow - indicating that another rate rise is expected in May, with a slim possibility it could be April, as inflation still seems to be running high.
Posted by p. o. o. r @ 08:27 AM (178 views) Add Comment
9 Comments
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1. denzil said...
So the governor is concerned about house prices. Interesting considering the metric he has to work by excludes house prices or is this a move back to a measure which includes some measure of HPI.
2. paul said...
One minute he says housing is overvalued, and when the market starts to wobble he says that actually it's not. Yet again, Mervyn weakly attempting to shape expectations and failing dismally and confusing people in the process.
3. David20040_0 said...
I don't understand, last year he said housing was overvalued now he is saying it isn't.
He is also now saying that housing isn't rising that fast? It is rising by 100 pounds a day!
Does this man live on the same planet?
4. Scott said...
Is there any local/regional self help group for failing first time buyers? I want to join. And then a few years later someone in America will turn it into a religion like they did with alcoholics and you could end up with the "Ango-American separatist church for failed first time buyers"
5. dohousescrashinthewoods said...
Er, £41 pounds a day if you read the more balanced Firstrung post.
£100+ was a spin story when January had a higher than expected rise - and would correlate to 20+% per year, which is clearly incorrect, even by bull standards.
6. geed said...
I have little faith in this man. Eddie George, King, they are all of the same ilk. He is clearly trying to steer inflation with more than Interest rates, using spin as much as possible. Eddie George has left but but Kings strings are still be pulled by the same powers.
He contradicts himself every moment he speaks to suit the occasion. I am never quite able to understand what message he is trying to portray, and this from the man essentially in charge with the UK's economy. I am certain of one thing, he has a vested interest in keeping the bubble inflated.
7. geed said...
oh, and with the last CPI figure 40%!!!!!! over its target, the MPC commitee will probably keep their fingers firmly up their @rse next month before smacking us with a monstrous 0.25% hike in May. Are there any Economic students here on the blog? Is there a "how to remain inactive" module as part of the course?
8. denzil said...
King always looks like an unkempt drunk too which doesn't exactly fill me with confidence.
9. David20040_0 said...
41 a day is still a hell of a lot of money!