Saturday, Aug 29, 2009
Especially for the Bulls
First Rung: UK house prices, why it’s not adding up...
Now don't all cheer at once, or shout it from the roof tops, but UK house prices have apparently 'recovered' and are headed back to their peak of Aug/Sept 2007. The 'good news' doesn't stop there; do you remember that deep recession/depression, the once in a two century event that started with banks collapsing and continues with the jobless numbers spiralling out of control?
Posted by bufferbear @ 01:03 PM (1132 views) Add Comment
9 Comments
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1. crunchy said...
First Rung: UK house prices, why it’s not adding up...
It's not adding up because we still have some massive BAILOUTS coming our way.
Has anyone been keeping a check on the bailout total so far? LOL, Got to keep those taxpayers hopes up untill they are well and truely
milked. What happens to cows when they have served their use? "HYPER" SLAUGHTER.
Keeping the host alive, pure and simple! When all loses are consolidated the cold long virgin knife will be revealed from the red cloak
killing off the very last remaining bull who thought they were in with the banks. Now that's making a whole lot more sense.
THERE HAS NEVER BEEN A BETTER TIME TO BE A BEAR.
2. new_order said...
Crunchy - Just being a bear is not enough. Being scared will not save us, we must be prepared as well. You can be a bear if you want, but my choice is a wolf.
3. crunchy said...
2. new_order
Fear and greed. Conquer those and it doesn't matter.
On a deeper note, be water.
4. europeanbear said...
It isn't a recovery for goodness sake, more like a coke-fuelled junkie taking an extra snort to avoid falling over.
5. bystander said...
europeanbear, does that go for the stockmarket rally as well do you think? Apparently the US GDP has just signalled a recovery. HOW HAS THE WORST FINANCIAL CRISIS ENDED SO QUICKLY AND NEATLY???
6. Philip9134 said...
@5 bystander do you think that perhaps 2 small factors just might cause these rises, first an election has to be called soon. If the conditions in the economy improves it will be called between November to April. This would be the optimum time, as I don't think that it would be possible to keep the plates spinning until May or June. Secondly £175bn is being printed and passed around like confetti in just 3 months ( http://www.telegraph.co.uk/finance/economics/6057658/Mervyn-King-outflanked-on-quantitative-easing-by-MPC.html )
I may be wrong but I would not put it past nu Labour to give huge chunks to the nationalized banks, with the orders give it out, or lose it all. As with the stock markets very few will be betting long. To sum it up the crisis has not ended its just a little deeper the end cannot be neat with so much meddling.
7. europeanbear said...
bystander. Not certain, but probably. p/e ratios are not cheap and they should be. Earnings are not likely to increase given the economic backdrop. US and Uk governments have printed lots of money and this may be leaking into assetts - who knows.....
8. hpwatcher said...
QE ALERT; QE ALERT; QE ALERT; QE ALERT; QE ALERT; QE ALERT; QE ALERT; QE ALERT; QE ALERT; QE ALERT;
9. hpwatcher said...
europeanbear, does that go for the stockmarket rally as well do you think? Apparently the US GDP has just signalled a recovery. HOW HAS THE WORST FINANCIAL CRISIS ENDED SO QUICKLY AND NEATLY???
It hasn't. Labour are hiding all the sh*t.