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andrewwk

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About andrewwk

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    HPC Poster
  1. as has been pointed out many times on this forum, the whole "1 euro = 1 pound" benchmark has no significance in terms of joining the euro-and as for joining at that rate, it would be a bad move on the part of current eurozone members to allow uk to join at this rate as it would allow the uk a permanent competitive advantage within the eurozone. what I am saying is that if the uk joined it would be at a higher rate.
  2. I dunno if prices will rise that much to be honest-people are so overstretched already that they won't be able to take ay more increases. Which leaves retailers having to decrease margins or sit with unsold stock. at least, that's what i think-any experts care yo shed some light?
  3. re-read my original post and you'll see I didn't.
  4. you meant 1 pound is 97 euro cents... anyway who says that the eurozone would let the uk join in such a case. Doesn't the UK have a too-large budget deficit as well?
  5. by the way, don't get me wrong, I've been to germany a number of times and it seems like a nice place
  6. It's funny how a lot of people on these forums have this kind of unquestioning love for Germany. Dunno why exactly, I guess they admire the strong economy (biggest exporter bla bla) and the seemingly less chaotic way of life. Thing is, the same could be said for a number of other countries (Netherlands for example-now that seems to me to be one kick-ass place to live and initially way less daunting for an English speaker), which don't seem to receive the same level of cheerleading adulation. Also, I'm curious as to why academic researchers would want to go specifically to Germany-when I was at Cambridge, most postgrads/postdocs from germany seemed to be there specifically to escape the german system.
  7. Isn't net debt more useful? For example, everyone is always quoting the figures for personal indebtedness-what they miss is that a lot of that is secured debt. A mortgage is debt of course, but unless the house it was used to buy is worth nothing, the size of the mortgage is just half the story.
  8. Thanks for the level-headed post. As far as public sector pensions are concerned-we all know that they will never be paid out in the form they are promised-ultimately they will fiddle them the way BT is now fiddling their final salary scheme to reduce the burden.
  9. Interesting undertones of anti-amricanism on this thread. Fine, their domestic auto industry is reamed. As is Wall Street. But remember, they still have Silicon Valley and Hollywood. I wouldn't be surprised if the USA comes out of this recession in better shape than Europe.
  10. that's part of the problem-specialising in relatively low-tech stuff isn't the way forward-too much competition. the idea is to move up the value chain and hope you do so faster than the others..
  11. http://www.thisislondon.co.uk/standard/art...oris/article.do ...and our leaders encourage us to keep up the good work..
  12. well they are distinct-a mortgage is secured against a (now depreciating) asset. So if you have a 100k mortgage, sure in some sense you are 100k in debt, but unless there is complete meltdown (which may happen i guess, in which case the term "debt" becomes meaningless) you would be able to recoup some money by selling (so in other words your "net" debt would be the amount of negative equity).
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