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House Price Crash Forum

wren

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About wren

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    Finland
  1. Gold does badly when economic opportunities are moderate to good and inflation is mildly positive. Gold does well in bad economic times such as high inflation and deflation. The reason is that investors go to gold as a last resort when things look bad elsewhere.
  2. It's a tricky one but you can learn how to spell it. You know it begins Q and that q is mostly followed by U. QUE, then repeat the last 2 vowels. QUE-UE, queue.
  3. wren

    House Prices Are Crashing Hard

    The cost of houses in ounces of gold does not involve paper money nor paper money inflation. It's the number of ounces of gold per house (a ratio). Do you know why the real price of gold dropped from 1980 onwards? There were very strong and obvious reasons for it.
  4. wren

    12 Sigma Events

    The probability distributions which they assume to apply are not accurate. The tails of the distributions (where the low-probability events lie) are fatter than their distributions assume. So unlikely events are actually more likely than they realise.
  5. wren

    A Surreal Time

    What sort of stuff? Can you give us some examples?
  6. If you "reply" to his post you can see the code: Just remove the space after "spoiler" and before "]" to get the right code:
  7. Measured in hard currency UK house prices are in the middle of a severe crash.
  8. wren

    The Sovereign Individual

    As you say public sector workers are not net contributors to tax revenues. Their paying tax is like (the State) giving with one hand and taking with the other. The same with all the indirect taxes, like VAT, which they pay: so long as the money comes out of their public sector salary these are not net contributions to tax revenues. It would be puerile to argue further about this.
  9. wren

    Somebody Explain What Is Happening

    Measured in hard currency the UK HPC is definitely well underway.
  10. Is he still a billionaire?
  11. Good job. I see that it is up to 151 members now.
  12. wren

    Greece Rating Dropped

    chris_ct posted this at GEI. Greek Curve Goes Apeshit: Bloomberg Reports 3 Month Bid At 21.3% http://www.zerohedge.com/article/greek-curve-goes-apeshit-bloomberg-reports-3-month-bid-213
  13. wren

    Cost Of Petrol

    Whoops, I meant 95 octane.
  14. wren

    Cost Of Petrol

    I remember when people though 50p a gallon was expensive. And it was. But relatively speaking, considering how much energy it contains and how useful it is, 120p a litre is still really cheap. I'd go so far as to say cheep, cheep. At what price will people seriously cut back, 180p a litre? I suppose the unemployed drive less which helps to reduce demand. An average of €1.44 per litre of 55 octane here in Finland. Some reckon it will need to go to €2.00 per litre for people to begin to cut back seriously. Of course, unemployment means people drive less. Traffic was down a couple of percent in early 09. Maybe unemployment or reduced employment has its positive aspects?
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