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About jpidding

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  1. http://www.zerohedge.com/news/2012-11-29/latest-bubble-hong-kong-parking-space-sells-double-average-us-home-price One tenth of this would be huge bubble territory. Just amazing.
  2. I think social unrest is inevitable. Greece is gonna be an interesting test case.
  3. I have about €100k with them. Until a few weeks ago they were giving me 4.55% gross. They have just dropped that to 0.5%. Now with this news there's big incentive to move it somewhere else.
  4. Thanks...its slightly miss quoted....did it from memory....its a classic innit?
  5. ....borrowing costs go up significantly. This probably wont happen by the BoE's MPC....they are too tethered by politics...they only have "independance" when house prices are booming and everything's rosey. It will have to happen by the markets forcing the issue by losing an appetite for sterling gov bonds. Once this happens all other rates will climb up too. I have wondered how prices could stay high relative to wages in the worst recession since the great depression. The simple answer is IR's. People are idiots and do not seem to have the ability to consider repaying the capital. People onl
  6. http://www.thisismoney.co.uk/mortgages-and-homes/buy-to-let/article.html?in_article_id=498582&in_page_id=56 Rentals are the liquid end of the market. Contracts are much more flexible and short in duration compared to buying, hence the market reacts to supply / demand imbalances much faster. "House rents fall 5% in just two months" Yelds falling is a great indicator. JP
  7. I visited Venezuelan island Isla Margarita 5 years ago...Chevez was just being re-elected. Most people liked his socialist style and at the time I felt sympathy for his socialist activities....nationalising the big oil companies "for the benefit of the people". Now he seems to be losing it. He will cause terrible shortages and drive a huge black market with his policies of currency devaluation and price controls... http://news.bbc.co.uk/1/hi/business/8451056.stm There will be a revolt at some point I'm sure as people go hungry and social order breaks down. JP.
  8. Last time I looked gold was at $1100 or so. So according to your calculations it will rise another 2.5 fold? Thats not what I call "near the peak". Also those inflation adjusted calculations use "official" inflation stats. If you use the shadow stats you get an adjusted figure of more like $5000. If you use an adjustment based upone money supply growth vs available gold growth you get astronomical numbers.....well above $20,000. I agree gold will one day be in a bubble, but it has ceratinly not gone mainstream yet. How many people discuss their gold holdings at dinner parties, or which junior
  9. OK, here's my favourite....its a doozy as our american friends would say. If anyone doubts that we will have inflation, just look at the chart. Base money (from which the fractional reserve banking effect multiplies to give broad money supply) has gone up 2.5 fold in the US. This is due to quantitative easing. The UK is of course doing this too. At the moment the velocity of money has massively reduced, so the inflation is not aparent in consumer prices...YET. Merry xmas! JP.
  10. Sounds bad.....you know I'm bordering on the "run for the hills with all the beans and fuel you can carry" brigade, but this does sound ominous. Seems like money printing will be the only route out of all this. Did you listen to the four inflation vs deflation debates on Financial Sense? On that subject, Jim and John read out and answered a question that I called in with. Go to http://financialsense.com/fsn/main.html and listen about 47 minuets in to 3b (q-calls). James
  11. I used to enjoy coming on here for a quick browse of the latest threads. I could run my eyes down the page and quickly and easily pick out items of interest. Now it just looks like something that was done on a Commodore 64.....blocky, clumsy and basically just rubbish. I for one will be browsing less, if at all. Traffic will be down I'm sure.
  12. I think at least for the next year we wont see big hikes in money supply, but I would be a bit concerned about holding all my assets in cash (or bonds) beyond about a year. The big question as far as this forum is concerned is whether or not that extra money will feed into house prices. My feeling is that for the next couple of years we'll tend to see essential (cash bought) living items such as food and energy go up, whilst things which require leverage (cars & houses) will remain under considerable downward pressure. At some point (when that will be, who knows) it will be a great mov
  13. OK, most people on here seem to be in the inflation camp, whilst the government is waring us of the dangers of dreaded deflation. We have been seeing a massive default / deleveraging at the consumer and corporate level. This rush to cash has given rise to all of the deflation hype. Maybe broad money supply (M4) which includes all money created by fractional reserve banking system has indeed fallen, I dont have the links to reliable data on this, but thats whats being suggested. The governmants and central banks have responded by printing (electronic) cash and feeding into the system in term
  14. I used to study at Warwick and know the area very well. I still have friends in the region and visit there a few times a year. Consider Kenilworth. You dont have to use the A46 to get to the uni, so travel would be a doddle. Its large enough to have the few shops / pubs / curry houses etc, but has a nice relaxed feel. Plenty of places to take the family on sunny days....parks, castle etc. Dont know about gardens & prices, sorry. Dont rule out Coventry....not the city centre of course....and some of the outer regions are just dire, but I have a friend who lives in a VERY nice house & n
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