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House Price Crash Forum


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About zafonic

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    HPC Poster
  1. Here's where some of the bailout money went. http://www.wsj.com/articles/SB10001424052748703574604574499740849179448
  2. The passage below is the best explanation i've found to date. Last para in particular sums up the massive misdirection by Governments. A CDS is like insurance and sometimes you "win" even though you don't "profit" - you pay a premium for the CDS and payment of that premium may permit you to recover principal (such as bond principal) that otherwise is lost by reason of a bankruptcy. For example, you buy $1MM of Mega Corp 5 year bonds with a coupon of 5% in April, 2008, and also buy a CDS for the same amount and time period for a premium of $25,000. If there is no default, you earn your inter
  3. A question for someone more intelligent than me. The big banks have developed “Bespoke Tranche Opportunity’s”, essentially CDO’s with a different name. You would have thought that banks would stay a million miles away from these products given that they nearly brought down the banking sector not so many years ago (and led to the insolvency and closure of some banks). Despite this, there is clearly an appetite to trade them again and this got me thinking who were the main beneficiaries of the last housing collapse. Much is spoken in the press about the hundreds of billions of pounds lost b
  4. Interesting what Lord Turner is saying, albeit dressed up in Latin. Seems the guys at Neon Nettle are already on to it. http://neonnettle.com/blogs/70-what-is-the-bradbury-pound-
  5. http://neonnettle.com/blogs/72-it-s-the-house-prices-stupid- Good article on Government manufactured HPI.
  6. Not come across this online magazine before, but clearly not afraid to tell it like it is! http://www.neonnettle.com/features/89-co-op-the-truth-about-economic-recovery
  7. I too have been thinking about inlfation protection. My thoughts are that if you have an instant savings account then when inflation kicks off, so too will the interest rate you are receiving so this is essentially a good hedge. Although current returns on instant savings are poor, they will improve when inflation rises. Just as the reurns on instant savings have fallen with the BoE cuts, they will just as quicly rise when teh BoE has to increase rates to control double digit inflation. Please can someone let me know if I am barking up the wrong tree as the last thing I want is my deposit
  8. I think you should mention Tony Blair's admission when giving a lecture to Yale students that the "prosperous" economy when he was in power was down to luck, not Gordon Brown's stewardship. http://www.dailymail.co.uk/news/article-11...Tony-Blair.html This went largely unoticed by the British media (surprise surprise). Maybe quote it and ask the panel if they agree whether he is the best person to get us out of this mess.
  9. Hi all Does anyone know where I can access the IG Index prices. I used to monitor the spreadfair projected spreads but sadly they are no more. Thanks
  10. Bear with me on this one! Sitting there last night, so cheesed off with the low rate of interest I am getting on my savings, I thought how can I possibly protest at the way GB and his cronies have treated me. I could write a letter to Gordon and make my views known, but I suspect it won't even reach him. So how can I and many others make a difference? Well I got thinking about Barrack Obama and the way he managed to raise his election campaign money. I think I'm right in thinking that the common people each pledged $50 to help support him and with this people power he managed to raise millio
  11. Thanks for the kind words guys. Decided I am definitely gonna look out for more opportunities to vent our view!
  12. thanks for the kind words guys. who knows? I may call a phone in again now i have popped my cherry!
  13. Hi folks, decided to ring up 5 live and do my bit for the cause as had my mates egging me on. Listen on attached link http://www.bbc.co.uk/iplayer/episode/b00dk87f/ It's about 35 mins 23 secs in so you will need to scroll forward (I am caller Clive from Formby). Wish I had been given more time, only just got started.
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