Sourman

no it'll just be when the memory is vague.... give it 24months!!

Thank the lord* Praise be to the lord our Jesus christ in heaven and all his tiny minions with angelic wings and headbands of saffron and lace.... praise him unto the end of the end of complex financial derivatives, that no man shall err again venture into the wilderness that is financial oblivion, for 40 days and 40 nights we have witnessed the destruction of Wall st, praise be unto Warren Buffet, the seer, the visionary who so long ago warned of the perils of perverse financial practices.. All praise the lord of Wall St.... * contains no actual adulation or religious fervour

YES! YES! YES! The chickens are coming home to roost. All property investment is morally bankrupt. It distorts local rents and local house prices, people that do it both here and abroad are nothing more than social parasites.

I don't think anybody really wants to see specific individuals suffer, but all those that fed and got fat at the orgy of cheap credit and perverted financial creations ought to have thought ahead to this day and had money put by. If they didn't well tuff sh*t!!! There are a lot of people whose lives have been screwed by the incompetence of these institutions and responsibility for this does not just stop at the boardroom.

Because of BTL?? That was easy.. BTL distorts local rents because dishonest property developers inflate rents so they can sell at a higher price, I thought everyone knew and understood that. Thats why letting agents in my home town of Hull, will not pass on offers to landlords that are below that required by the BTL mortgage companies... Average rent in HU1 prior to 5 years ago was roughly £250-300 for 1 bedroom flat, now they ask £450-650 depending on development. Wages haven't gone up even by inflation in the past five years so there are lots of empty flats. May all that took part in this rot in hell for their parts in this conspiracy to rip us all off!

As I've said elsewhere it's nothing but state sanctioned profiteering.. The power is all with the corporations, and we're screwed!!

stable as in climbing out of a recession you mean.. There really are some enormous twonkers on this forum aren't there? All the events that are now causing many of the world grief have been long in the coming, the coming perfect storm was not the result of decisions made in the last 24 months, you can only postpone the nightmare for so long, and we did. Selling off the countries assets to the highest bidder was never going to lead to anything else, it was all just a matter of when. Of course then it was money for nothing wasn't it?

The blatant profiteering by oil and gas companies over the past year should have put the fire up everyones arses , but it didn't did it? There has barely been a grumble. The supermarkets have put food up by up to 45%, yet the farmers that supply them have seen no such increase in their dealings with them. No it is far too late, we have become helpless little slugs, politically castrated and unable to change anything. Just let it wash over you and the pain will go away.

Has the penny not dropped yet?? The world of economics, the free market, Keynesian economics, Adam Smith it's all bullshine!! All of it is for one purpose and one purpose only to allow profiteering, first by governments and now by corporations. The coming year will see more of this I'm sure as the ordinary people throughout the globalised world find they are lining the pockets of big internationals, and bailing out so called financiers and stock market a-holes. And of course they're doing it all for our benefit aren't they? so society doesn't collapse or something... We are completely helpless!

That's right and what these Thatcher lovers really want is someone who would have been able to keep the gravy train going for another ten years. Greed knows no bounds

What you really want is someone who's gonna make you richer isn't it!! Where does this nostalgia about Thatcher come from? She was a maniacal tyrant, whose only legacy was to sell off what assets Britain had to the highest bidder. Every single problem we face today has a trail leading directly back to Herr Thatcher. Right wing politics is dead, and you are in a sad minority. I really hope that is true, god help us if it's not.

I don't approve!!

I've said it before and I'll say it again... there are some incredibly stupid people posting on this forum. I'm sure you know who you are!!!

It made me laugh, but on second thoughts it's a great idea. All those on housing benefits really should move to huge new council estates on the outskirts of Oxbridge, to benefit from them. Leaving a smaller but fitter population up north more able to cope with economic change. What we need is a 100 mile housing benefit exemption zone around London, if you want HB then move south. Only kidding... Maybe what's needed is a restriction on economic development around Oxbridge to force companies to consider other areas.

My point I suppose is that there are always channels available for those with a vested interest in keeping the status quo.

La Beeny, doyenne of the rampers and BTL brigade, has called the state of the market in this mornings Metro, ( thought it would be here by now ) http://www.metro.co.uk/lifestyle/article.h...;in_page_id=194 You tell em Beeny!!

well said... the little brains just cannot see this!

So the SNP won a seat in Scotland... whoop dee doo!! Hardly amazing news is it?? And no one in their right mind would want to be prime minister now, so everyone on all sides will be pretty happy thet GB will stay for as long as things are bad and beyond control.

Er! Derivative markets!! Don't call it debt, call it credit and sell it!

The money supply M4 has increased tenfold since 1982, how did it happen?? And before you all say Gordon Brown, the majority of that rise happened between 1982 and 1997, it actually dipped very briefly when labour got in. A blip of some sort maybe, but then carried on rising at pretty much the same rate. The rise has been remarkably consistent? Why? No government it seems has had any impact at all on it.

The first time I saw "Property Ladder"

Shoot Margaret Thatcher... that is the answer to any hypothetical questions regarding the state of the economy!!

Doesn't surprise me. I know people who have been going to dodgy brokers in Ilford since 1995. Maybe I should have gone along with them.

I must admit to not fully understanding money supply(who does?) but M4 is not real money is it? It's broad money, M0 is real money, actual money. As most of the value of M4 was fictitious from the beginning it,s going negative should only have a bearing on silly financial instruments like derivatives and hedge funds.

The reasons behind this crash , won't necessarily lead to high unemployment or high inflation, in fact this is not really a crash, it's a correction!