Tuesday, Feb 28, 2017

What is this guy up to?

Daily mail: Carney loosens mortgage lending restrictions

why on earth would he do that? either this guy is on another agenda to indebt the whole
country with money they cant pay back or he's lost the plot

Posted by taffee @ 11:44 AM (5897 views) Add Comment

4 Comments

1. khards said...

Kind of proves that his job is to push up or maintain levels of housing debt. I guess if he didn't the country would fall into debt deflation.
Recently been theorizing that the currency is backed by housing.

Tuesday, February 28, 2017 05:35PM Report Comment
 

2. enuii said...

Property backed currency, bit like the gold standard but more like silver coins with the silver content gradually dropping like construction standards.

Tuesday, February 28, 2017 07:07PM Report Comment
 

3. britishblue said...

Property has been coming down for the best part of a year in London. It doesn't show in the indices because a 3 bed house that has had 200k spent on it is registered as the same as another 3 bed house in the same road n the indices. What has been happening is that the better houses sell and the worse houses stick. It has now been going on long enough for a crash to start showing in the system

Wednesday, March 1, 2017 11:47AM Report Comment
 

4. libertas said...

Carney never once increased rates when the boss in Canada. He presided over a prolonged housing boom that has gone out of control.

He has been hired to repeat this in Britain.

Friday, March 3, 2017 10:42PM Report Comment
 

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