Jump to content
House Price Crash Forum

yield

New Members
  • Content Count

    50
  • Joined

  • Last visited

About yield

  • Rank
    HPC Poster

Contact Methods

  • Website URL
    http://
  • ICQ
    0

Profile Information

  • Location
    United kingdom
  1. Lol, if thats what a face lift looks like the wife will have to pay for her own one lol.
  2. QUOTE (TheCountOfNowhere @ Aug 31 2009, 10:42 PM) * Spoke to a cabbie friend in London yesterday...he said...recovery, my a**e They are all fighting over fares. All the corporates dont pay for cabs now. No boozy lunchs and after work dos with taxi's home. he's working 16 hours a week now to keep his head above water. What about the tourists I asked...thdey dont pay much for cabs. Recovery....i dont think so. My brother is a London cabbie and he has been telling me how bad thing are in London. Long waits on over extended taxi ranks. His own cabbie friends are saying this is the worst August ever. Many cabbies going bankrupt, if this carries on into September there will be get blood on the streets. according to him and his cabbie friends now way is a recovery on its way its getting worse not better. Get your hard hats on chaps, winter is going freeze all the BULLS.
  3. My brother is a London cabbie and he has been telling me how bad thing are in London. Long waits on over extended taxi ranks. His own cabbie friends are saying this is the worst August ever. Many cabbies going bankrupt, if this carries on into September there will be get blood on the streets. according to him and his cabbie friends now way is a recovery on its way its getting worse not better. Get your hard hats on chaps.
  4. I agree I think this is the start of the bear run. The sheep will get hurt again.
  5. Link is not working mate.
  6. No as prices are controlled by transport for London. Even if prices where droped I dont think this will change anything as people are just cutting back on their spending.
  7. Debt reduction currently will not done the usual way as you state above, as deflation is now in full swing how will they reduce the debt now?
  8. I am a London cabby and yes work is tough at the moment, all stations are over loaded with cabs, we have to over rank the taxi ranks to get on. Then we also have the worry about the trafic inforcement cameras sending us fines or the police making us move on. At the moment we can still make a living buy working longer hours, but me thinks in 2009 we will realy see the brown stuff hit the fan.
  9. I agree that we are closer to the bottom for US house prices, I think 1 year tops left to hit the bottom. What areas do you think are the best for investing in?
  10. Catflap thanks for the inflation lesson, it made great reading I think I got my head around it.
  11. Great points AuntJess, Its the me me society we live in today that is part of our current problems, how many of you have neighbours that our trying to keep up with the Joneses"?
  12. Denmark Enters Recession, GDP Shrinks Quarterly 0.6% (Update3) http://www.bloomberg.com/apps/news?pid=206...p;refer=economy By Tasneem Brogger July 1 (Bloomberg) -- Denmark slid into recession in the first quarter, the first European Union economy to contract for two consecutive quarters since the global credit crunch started last year. The economy shrank 0.6 percent, after contracting a revised 0.2 percent in the fourth quarter, Copenhagen-based Statistics Denmark said in a statement on its web site today. The median estimate of four economists in a Bloomberg survey was for growth of 0.2 percent. The economy contracted an annual 0.7 percent. Growth is slowing worldwide as the credit squeeze sends borrowing costs higher and curbs investment, while record oil prices and soaring food costs erode consumer spending power. Danish consumer prices are rising at the fastest pace in 18 years while property values fall, undermining household spending that accounts for half the $340 billion economy. ``This confirms the picture of an economy that's coming to an abrupt halt,'' Jes Asmussen, chief economist at Handelsbanken in Copenhagen, said in a note to clients. ``Economic growth this year is fading markedly and will be replaced by an economy that's completely stagnated by next year.'' The contraction was led by a 1.1 percent slump in household spending from the fourth quarter, while fixed investment dropped 0.6 percent, the office said. Government expenditure shrank 1.4 percent. Exports grew 1.1 percent, exceeding import growth of 0.4 percent, the office said. Unemployment Exports may come under pressure as a labor shortage pushes up production costs and a global economic slowdown hurts demand. That spells reduced demand for workers in the Nordic economy, according to Asmussen. ``Unemployment will rise faster than the consensus picture currently suggests,'' Asmussen said. ``The downside risks for the Danish economy are pronounced.'' Randers, Denmark-based Danish Crown AmbA, Europe's biggest producer of pork, said last month it will cut 900 jobs. Biotechnology company Pharmexa A/S said on June 25 it plans to cut 40 percent of its workforce to save costs. Retail sales dropped 0.6 percent in May from a month earlier, the statistics office also said today, indicating that consumer spending didn't pick up in the second quarter. `Bleak' ``It's a bleak growth picture for the Danish economy,'' said Jakob Legaard Jakobsen, an economist at Nykredit Bank A/S in Copenhagen. ``The data are an unpleasant surprise and a clear signal that the economic reality has markedly changed its character compared with earlier years.'' Inflation accelerated to an annual 3.4 percent in May, the office said on June 10. The economy grew 1.8 percent in 2007 and 3.9 percent in 2006. Unemployment dropped to 1.7 percent in May. The central bank doesn't target price stability as its sole mandate is to keep the krone pegged to the euro in a 2.25 percent band. It last raised the key lending rate on May 16 by 0.1 of a percentage point to 4.35 percent to defend the currency peg. ``The Danish economy has now entered new times,'' said Niels Roenholt, an economist at Jyske Bank A/S in Silkeborg, Denmark. ``Today's numbers are without doubt just a foretaste of what's to come.''
  13. I think its a great idea. Can we call it A Place With A Noose Around Your Neck. Maybe we can get Amanda Lamb to come on and tell us all about how she now owns a place in Italy and is in negative equity. I would love to be in on this one, after all how could you miss out?
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.