Monday, May 04, 2009
Annie, reading your guff is hard on the brain
Times: Trading up is still so very hard to do
Just stop for a minute and try to work out what the heck barking mad Annie is trying to say here:
"The base rate is forecast to stay at 0.5 per cent, but there is likely to be more data on the way in which quantitative easing should improve mortgage supply for the many, not just the few."
Posted by doomwatch @ 10:18 AM (741 views) Add Comment
4 Comments
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1. new_order said...
What do you call a group of bankers? A wunch! A wunch of bankers!!
2. paul said...
The latest data shows unequivocally that QE is not working. Banks are simply hoarding the cash. Surprise surprise, the transmission mechanism is getting in the way!
3. Hammered said...
I've been trying to find a profile on AA to see if she is economics educated but haven't had any luck so far. I'm just really interested to know whether this woman is actually qualified to comment on her chosen subject in the way she does. We wouldn't be expected to take advice from a florist as how to construct the steel frame of an office building, so why should we be expected to listen to prophecies regarding the housing market from media graduates. I'm not saying that's what AA is, but I would just be interested to know.
I think someone ought to create a blacklist of media personalities, comparing their subject matter with their qualifications, thus enabling the punter to work out whether they are getting the considered views of a seasoned professional or the equivalent of palm reading by Gypsy Sarah on Blackpool prom. This way we could literally see their true colours side by side with their extolled area of expertise.
4. alan said...
As always, the comments posted on the Times site reflect reality.
Anne Ashworth has a vested interest in trying to talk up house prices. As we all know, a lot of potential buyers have held off buying a house for the last year or so. Anne wants to stampede them in to the market. The current interest rates will tempt the unwary.
Anne's strategy may work in the very short term, but I don't think house prices will stop falling till we have stable employment and a government which people trust.