The shape of things to come - probably pensions and more QE next.

Zerohedge.com: Martin Armstrong Warns "Abandon The UK Before You Can't"

''The politicians have squandered everything and now they are hunting down capital everywhere and the view is people have to pay whatever they demand or you are just a criminal.''

Posted by hpwatcher @ 08:21 PM 2 Comments

London has started to crash

Mindfulmoney: Three reasons not to rush into housebuying now

I came across these charts while trying to figure out the best places to hunt for houses in London on a value-for-money basis; I think they speak for themselves… Slump in new buyer enquiries and the gulf in house prices has never been greater. These three charts seems to suggest that the sharp surge in London house prices over the last few months could be at risk of cooling or even partially reversing over the next few months, hard though it may be to believe at the moment!

Posted by khards @ 06:08 PM 24 Comments

Very surprising stats and some interesting conclusions

BBC News: Is the UK mending fast enough?

Not what I expected at all, tbh. Last info I'd read on UK debt was in the Economist last year, accurate at Sept. 2012. It turns out the situation has much improved since then, but only as a % of GDP. Banking debt has apparently fallen significantly, though.

Posted by reticent @ 06:07 PM 6 Comments

Economists warn on toronto bubble

Huffington post: Average toronto price $1 million

Thought it was Interesting how similar this is to london/uk...particularly in the comments lots of talk about shortages etc but most telling was that in reality its super low interest Rates that make these prices affordable.btw Mark Carney caused this.as he was the canada bank Boss..so I thought it was relevent

Posted by taffee @ 04:03 PM 0 Comments

Keiser does the housing super bubble!!

RT: Keiser Report - Episode 591

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the rentier rising from the dead, generation debt and harvesting the young with student debt. In the second half, Max interviews Ross Ashcroft about the housing super bubble in London and what it means to the rest of the economy to have a rentier class in charge.

Posted by khards @ 12:44 PM 2 Comments

The new rentier pradigm

Daily Kos: Housing Secretary: “the worst rental affordability crisis that this country has ever known"

What if our economic crisis was not the start of a House Price Crash but heralded a new rentier economic paradigm in the west. Bringing back the days of serfdom between renters and house owners , BTL landlords and the new breed of corporate landlords we see in the states. Are the poorest and youngest to give half of their income straight to the landlord or banks' enshrining poverty unless your lucky enough to inherit a house. I am sure rentiers wish this to happen where landlords and banks pluck half the incomes from the majority of productive workforce, but could a system happen and could it be stable?

Posted by pete green @ 11:15 AM 41 Comments

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