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House Price Crash Forum


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    Librarian and cat owner
  1. As a lifelong Londoner I can say I have never tried jellied eels. I had no idea Tesco were selling them!
  2. I can understand wanting to move because an area is going down hill. I went through a costly move a few years ago for a similar reason. It is a shame you have lost money though, quite a chunk really when you consider the various fees. Would it have been at all possible to rent out your old place? Or are you expecting quite a big crash to come?
  3. Well put. I used to live in Switzerland (my wife is Swiss) they are a very democratic country, they have referendums about everything. The Government has held votes on EU membership in the past, but (according to my wife, so this could be innacurate) the Swiss French tended to be for joining the European Union, but the Swiss Germans were opposed. The Swiss take independence very seriously, there was a lot of debate when I was there just about joining the UN. This very independent democratic country has nevertheless had to sign a bilateral agreement with the EU, which as has been very well explained above, means they have to pass similar laws without having any influence.
  4. Shadow of itself? If only we could do as well as Switzerland! http://www.tradingeconomics.com/switzerland/unemployment-rate http://www.tradingeconomics.com/switzerland/balance-of-trade
  5. If anyone fancies a bit of fun I found these..... http://www.virtual-worlds.biz/vwc/ http://www.shambles.net/pages/learning/games/economics/ http://www.ars-regendi.com/ http://www.download-full-games.com/pc/educational/2005:_a_game_of_macroeconomics.html http://www.frbsf.org/education/activities/chairman/ http://www.econguru.com/simulator_game.shtml
  6. This is just a guess, I haven't researched this. but could it include importing energy?
  7. I'm not sure if this is simply a budgetary and political solution. Italy, Greece, Spain need a weaker currency, whilst Germany is gaining a big advantage from having a weaker currency than it would have had if it still used the Deutsche Mark. This imbalance in the Euro is unlikely to go away soon, its a flawed union. I'm not sure how budget caps will enable the weaker countries to become carbon copy Germanies, which is what would be needed for the Euro to work. Basically, at some point the Euro will have to break up/shrink or split.
  8. I believe the big plus is access to the common market. It brings a lot of investment into the country. For example I believe the Japanese make cars here because we have access to the common market.
  9. Well the borrowing rates for Italy and Spain shot up today (Friday) so it didn't even take that long. Unfortnately it seems that the Governments/people of the Eurozone don't seem to have realised what is happening and that they have nothing but austerity, decline and then collapse ahead of them if they let Germany and France run Europe for their own benefit. Greece didn't have much choice, but some of the other states could have put up more of a fight, grouped together.
  10. Despite the events today, they still really haven't dealt with the fundamental problems with the Euro. The southern states just can't cope and are unlikely to recover unless they can devalue their currencies. Nothing agreed in principle today, or even what I have heard suggested for the future (euro bonds, money printing) seems able to solve this. So regardless of the UK being isolated today, the fact is that at some point the Euro is going to collapse or there will be two Euros. I feel it is inevitable. Other EU leaders might be angry with the UK at the moment, but after years of austerity with their economies in massive decline whilst the Germans make money exporting goods to them, who do you think they will be angry with?
  11. I must admit I am hoping for a Chinese crash, even if it damages us. I'm hoping it might be enough to bring down the Communist Party (maybe wishful thinking) and I have found some of the things China has been doing quite sinister. I just hope the Communist Party doesn't try to using nationalism as a tool to keep the people with them.
  12. Well, I think the worry is that some countries leaving the Euro would have to print money, lots of money, leading to inflation, which reduces the value of the debt held for example by our banks. There would also be some panic, with people trying to get their savings out of the country into safer currencies, leading to a run on the banks... leading to more money printing etc etc. Someone with a better understanding of economics might be able to give a better explanation. But that is my somewhat basic understanding of the potential outcome. The author of the original article Jeremy Warner at the Telegraph has produced a more recent article, possibly suggesting things won't be an absolute disaster.... Return to sovereign currencies wouldn't be as traumatic as assumed Edit... This report by UBS explains things very clearly, but it is a long read... Euro Break Up The Consequences
  13. Ohhh blast, i've just seen the posts about it being on the number 4 button. I do have one... damn...OK I do have something to worry about again.
  14. Well, there is no Euro sign on my laptop. so I clearly have nothing to worry about...
  15. I haven't visited the forum here for quite a while now, but with things appearing to be coming to a head, I thought I would look to see what is being discussed. As I am very behind with opinions on the forum I wondered where HPCers think all this is heading. My somewhat uninformed thoughts are that countries and consequently banks are about to go bust (not just in the euro area), which is going to lead to a lot of money printing and a lot of inflation.
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