Tuesday, Jun 12, 2007
Market is vulnerable, beyond MPC control
Reuter: Bank of England boss says house prices at risk
Asian household savings contributed to push up the UK housing market. But that flow of money can slow down
Posted by confused76 @ 06:33 PM (152 views) Add Comment
5 Comments
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1. Wyldman100 said...
ahh, of course, it won't have anything to do with them, it won't be their fault, external forces outwith their control, blah, blah, blah.
2. Alan said...
King said "Britain's housing market was not immune to influences from the world economy".
It's the economy, stupid!
3. Kinkyjohn said...
I like this one: roughly translated this statement says
We have lost control of the money supply because interest rates no longer affect the yield curve; this role now belongs to seemingly random probably asian international capital flows. If you take huge long term leveraged bets on house prices then we might not be able to fix your problems by lowering interest rates.
soon be time for the tinned food + guns approach to investing.
4. Orwell said...
"...Money markets show British interest rates -- already the highest in the Group of Seven industrialised countries at 5.5 percent -- are expected to hit 6 percent by the end of the year..."
Well Swerve, the longer you hang on.... the worse the situation will become - did you never listen to your grandmother?
A stitch in time....
5. george monsoon said...
Good !