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About interestrateripoff
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Carry on banking.....
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The younger generations have never known suffering
interestrateripoff replied to Si1's topic in House prices and the economy
In terms of the real world, the last real recession was in the early 90's. Unemployment has been masked by 18-21 paying over the odds for a degree, some of which are completely worthless. So we have a whole generation who've never experienced the economic pitfalls of mass unemployment. The economic shock is going to be huge. Although no where near as huge as when the economic wheels finally come off in China, they haven't experienced a recession since the late 70s, so you have several generations with no knowledge of how to cope. That will give the central committee something to think about. Still just create more debt and it will all be fine. Economics is easy! -
The Bank Of England Clueless Thread
interestrateripoff replied to interestrateripoff's topic in House prices and the economy
https://www.ftadviser.com/your-industry/2020/09/17/boe-to-explore-negative-interest-rates/ Clearly not clueless.... -
https://www.dailymail.co.uk/news/article-8325417/Families-face-higher-council-tax-bills-worse-public-services.html Commercial property investments fund more of Spelthorne's annual spending than council tax does. In the last five years they have invested £1billion on offices and shops that usually bring in around £10million. That's a great rate of return. Money well spent!!!
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Buyers demand 20% discounts - the Mail
interestrateripoff replied to HovelinHove's topic in House prices and the economy
Still bullish I want 20% off but would settle for 5 or 10.... -
https://www.dailymail.co.uk/news/article-8225021/Pressure-cafes-shops-reopen-government-expert-warns-mass-testing-come-first.html "One report today suggested coffee shops, restaurants and estate agents should be among the first to reopen, as they are the businesses that would boost the economy most and pose a relatively low risk of spread. " Estate agents to the rescue.... I'm sure everyone will be queuing round the block to make an appointment to view a property...
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Love & Happiness (Yemaya Y Ochùn) (feat. IndiaTito & India)