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House Price Crash Forum


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About Bimble

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  1. Hi HPC, It's been a long time since I posted on here; I kinda followed the gold bugs onto DrBubbs GEI website a few years ago, though I still read the front HPC page news & comments daily. I'd like to share a link to my new website: Trade Financial Tips @ tiPythia Marketplace. tiPythia was developed after spending many hours trying to disseminate the various trading advice posted on HPC/GEI as well as newsletter portals such as Market Oracle and Financial Sense. A lot of knowledge, skill and luck is involved in trading successfully, but how do you know who has really “got it” and who is just selling the tools or pushing their book? Well tiPythia was created to try and answer that question, as well as to match buyers and sellers of trading tips. One of the first users, Alun Taylor (joined after I posted the first link in GEI), clocked a 44% gain this month on his stock picks. If how he does that interests you then why not head over and subscribe to his tips, his subscription price is free right now. Alternatively if you are good a trading, why not create a tipster account and enter your own trading strategies. While I suppose this is officially link spam, I hope you’ll forgive me. I’ve been a community member and I learnt a lot from the folks on HPC and GEI, my hope is that you’ll find the new site useful in sharing or supplementing your trading strategies. Best Regards, Bimble. P.S. If one of the admins would like to add HPC as a website community to tiPythia please go do ahead, it would be great to see how the community rates.
  2. I like your enterprising logic there. Certainly if the hospital had less stinky 'on-the-way-out' old people, and more art, fountains, and water nymphs, well, i might even pay to attend one.
  3. The problem isn't the thousands of young, slim, attractive, educated, hardworking Slavic immigrants we import. The problems is the that we cannot export or own ugly work-shy under-class. 50 years ago London councils used to export their unemployed to sink estates that they funded in places like Swindon and Slough. I like that concept. As an exercise in cost control, perhaps the government could buy up ex-soviet sink estates in Poland, ring fence them so as not to pollute the surrounding ecosystem, and we could ship our fat lazy work-dodgers over there in cattle trucks. We need only get the Red Cross to chuck some cases of Royals, Super Brew and Sky TV over the pen wall and they'll be happy as pigs in sh*t.
  4. I'm a gold bull right now, but I'm interested in getting my head around all the arguements. I found this quote interesting, and on balance seducing, I cannot fault the reasoning that once the central banks have finished injecting money to keep their buddies solvent, we will then heading for long deflationary turn. http://www.capitalspectator.com/archives/2...tion_defla.html "Not that I can prove this, but from my (historical) observation/analysis gold tends to be a better leading indicator of deflation than (re/hyper) inflation If one needs clues, perhaps a dusting of the theories from The Austrian School of Economics could help. They suggest that all assets tend to correlate in the last leg of reinflation and this is undoubtedly what we are witnessing in this current boom cycle. Ultimately, as they suggest, debt is deflationary as it inevitably has to be paid back at some stage. This tends to be brought about by economic slowdowns"
  5. I often see it stated that gold does well in a inflationary market, cash in a deflationary market. I perceive cash and gold to be basically the same thing from a financial perspective, so which properties of these things that makes them act antagonistically?
  6. This is a great thread. It's a shame that discussions like this are becoming much rarer on this site and some of the best posters have disappeared. But then there really isn't a debate about a house price crash anymore. The debate has moved to inflation/deflation, gold, and macro economics which doesn't seem to be as popular for many site participants. I guess the reason for this obvious, people are addicted to talking about their house price, whether its up or down
  7. Indeed, as an example the Russian population/economy nearly completely converted to the dollar ten years ago. You still see currency conversion booths every few yards in populated areas. Once you have a currency crisis people become very savvy. They're all now in Euros.
  8. Actually a number of charities are refusing cash in the street now. If you don't want to sign a monthly direct debit they refuse. I had lengthy argument with a street rep about this. The excuse was that they didn't trust their sale street reps with cash. Why the hell would i give them my direct debit details then?
  9. I doubt it would kill drug dealing or prostitution. Either imaginary services from front companies would be paid for, or people will revert to bartering with goods they can purchase with plastic.
  10. I wouldn't agree with getting rid of the banking system. The banking system we have now has had a big part in the creation of this nation, making it rich over the last 300 years (and we are rich). It's helped us survive and win countless wars, as well as expand science, trade and civilization. And as subject that's close to my heart, access to investment capital is essential to the future prosperity of the country. It allows entrepreneurs to innovate and business to expand and adapt to continual change. I just think the banking system should be focused on commerce and not ponzi schemes. People can be expected to always borrow to their limit to a get a slightly bigger house in an attempt step ahead of their peers, even though its a zero sum game, they end up with the same average house compared to their income. Banks will always be motivated to support this. Regulation is needed to dampen the cycle.
  11. Building is the question in this concept I agree. But doesnt land make up the majority of the cost? How did other EU countries construct without huge lending multiples?
  12. I'm not sure if it follows logically that tighter lending would result in increased building on countryside. Did relaxed/cheaper lending result in more countryside? The real-estate boom it created would suggest otherwise.
  13. If lax credit make house price go up, I assume that strict credit controls would bring, or keep, house prices down. So the deal for the same house, relative to salary, would take place for a reduced price. Only borrowing would be less and interest would be less.
  14. Historically, 3.5x gross income seems to be safest multiple at which banks can lend, maximising their own return and not crashing the whole system. Perhaps we will see a return to this, and average house prices will naturally re-align to this level. But is this to the benefit of the wider economy and population??? What about if it was regulated to 1x annual net income (as an example) and our mortgages were 1/3 of todays. A tax liability that increased for each additional property? Perhaps even introducing a tax system that fosters business investment and breaks up the ancient land dynasties that plague this country still. Let them take their chances with their fortunes in commerce, just like the rest of us. Would the economy crumble or would it grow? If less money was paid for the same plot of land, wouldn't a greater percentage of our incomes be available for consumption of other items, both produced locally and abroad? Perhaps even pensions, healthcare, and education? Banks would have to re-learn how to make money form entrepreneurs, engineers, scientists and businessmen. A return to the golden era of British industry perhaps?
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