Sunday, Dec 09, 2007
House prices pumped by interest rate cuts
Telegraph: House prices pumped by interest rate cuts
"but now several MPC members have panicked and ushered in a period of looser policy which will overheat house prices even more"
I think it's probably too late for this to happen now but we shall see.
Posted by becky @ 09:00 AM (360 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. confused76 said...
Good article and very sad at the same time.
if this is what we are going to have, it is far worse than a house price crash
I liked:
"The economy is now so weak, we're told, there are even fears that this year's annual Christmas spending binge could - wait for it! - end up being less binge-like than 2006. Having spent a grotesque £12bn on festive excess last year, we face the grave danger that the British public may actually spend slightly less during this season's yuletide splurge.
Who cares that more than half of us haven't yet repaid the money we borrowed last Christmas? Who cares that Britain now accounts for more than two-thirds of the EU's entire credit card debt?"
2. enuii said...
C76, the last page (3) of the article is good to and covers the Gordon Brown politics on pensions and Browns refusal to let Andrew Youngs pensions report be published, best quote '“The delay now is pure politics – and Brown’s refusal to admit he was wrong”.
I suspect that the 0.25% cut is just as described, designed to ensure that Joe 'Soap Watching' has one last blow-out (on credit) over christmas to keep the tills ringing and sod the hangover in the new year.
Political interference at it worst from the 2nd worst PM since WW2.