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Wonga

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  1. If that is true...... then why are you on here? There's a lot of loons on this site. In the office we have a good laugh at them most days.
  2. Redundancies going here also...... http://news.bbc.co.uk/1/hi/england/north_yorkshire/8482558.stm
  3. Doesn't make any difference anyway. Because after the General Election EVERYTHING is only going one way........ and that's up! Personally, I can't wait to see the impact of the Tories calling an 'Emergency Budget' to cover their arses within days of arriving in No.10. It's gonna happen..... stay liquid!
  4. "Skipton Building Society’s decision to remove the rate guarantee on its single variable-rate mortgage is a bitter blow to 100,000 borrowers. They could see their payments soar by more than 40 per cent from March 1". http://business.timesonline.co.uk/tol/business/columnists/article6995913.ece Nice ......
  5. House prices rose for the sixth month in succession in November, taking the average house price in the UK to almost the same level as a year ago. Official Land Registry figures put the monthly rise at 0.9 per cent, to £161,554. That is 0.3 per cent below the average price of £162,023 in November last year. The highest monthly rise was in Wales, where prices jumped by 2.9 per cent in November, today's figures show. In London, which has led the recent house price recovery, prices were up by 2 per cent and are now 3.5 per cent higher than 12 months ago, at an average of £324,231. There's no hope!...... until after the General Election that is http://www.timesonline.co.uk/tol/money/property_and_mortgages/article6971429.ece#comment-have-your-say
  6. Dec. 1 (Bloomberg) -- Australia’s central bank raised its benchmark interest rate by a quarter percentage point for an unprecedented third straight month as evidence mounts that the nation’s economy is strengthening. Reserve Bank Governor Glenn Stevens increased the overnight cash rate target to 3.75 percent from 3.5 percent in Sydney, as forecast by 19 of 20 economists surveyed by Bloomberg News. The board won’t meet again until February. Who will blink next? http://www.bloomberg.com/apps/news?pid=20601087&sid=aBXE7rudKHJs&pos=4
  7. Thanks for the advice. Been away for a while..... sure is a sh*t site these days.
  8. The threadbare public finances were thrown back into the spotlight today as it was revealed the Government was forced to borrow £11.4 billion in October to meet its bills - the worst figure for the month since records began in 1946. Tax receipts collapsed by £4.1 billion compared with October 2008 while spending was £4.5 billion greater as the recession took its toll on corporate profits and consumer spending while welfare payments surged. Total public sector net debt grew to £829.7 billion, equivalent to 59.2 per cent of total national output, by the end of October. That compares to £695.1 billion and 48.6 per cent a year earlier. The blow-out in borrowing - which was worse than the City had been bracing for - reduces the chances of Alistair Darling, the Chancellor, meeting his target to keep the Budget deficit to £175 billion this fiscal year. He is due to set out his plans in more detail in the Pre-Budget Report next month. http://business.timesonline.co.uk/tol/business/economics/article6922794.ece
  9. The threadbare public finances were thrown back into the spotlight today as it was revealed the Government was forced to borrow £11.4 billion in October to meet its bills - the worst figure for the month since records began in 1946. Tax receipts collapsed by £4.1 billion compared with October 2008 while spending was £4.5 billion greater as the recession took its toll on corporate profits and consumer spending while welfare payments surged. Total public sector net debt grew to £829.7 billion, equivalent to 59.2 per cent of total national output, by the end of October. That compares to £695.1 billion and 48.6 per cent a year earlier. The blow-out in borrowing - which was worse than the City had been bracing for - reduces the chances of Alistair Darling, the Chancellor, meeting his target to keep the Budget deficit to £175 billion this fiscal year. He is due to set out his plans in more detail in the Pre-Budget Report next month. http://business.timesonline.co.uk/tol/business/economics/article6922794.ece
  10. The threadbare public finances were thrown back into the spotlight today as it was revealed the Government was forced to borrow £11.4 billion in October to meet its bills - the worst figure for the month since records began in 1946. Tax receipts collapsed by £4.1 billion compared with October 2008 while spending was £4.5 billion greater as the recession took its toll on corporate profits and consumer spending while welfare payments surged. Total public sector net debt grew to £829.7 billion, equivalent to 59.2 per cent of total national output, by the end of October. That compares to £695.1 billion and 48.6 per cent a year earlier. The blow-out in borrowing - which was worse than the City had been bracing for - reduces the chances of Alistair Darling, the Chancellor, meeting his target to keep the Budget deficit to £175 billion this fiscal year. He is due to set out his plans in more detail in the Pre-Budget Report next month. http://business.timesonline.co.uk/tol/business/economics/article6922794.ece
  11. I think you'll find that those people you speak of have already bought in...... too high (just like house prices) ..... more fools them
  12. Fascinating charts! I personally believe this may very well happen, and it's imminent I'm not saying the markets will collapse on Monday though I'm waiting in the sidelines with many shorts ready to open for the down-turn. Then, after the "event" has happened and stabilized, THEN you should buy into stocks long term to, at least, triple your money. I see VedantaTrader above is with us on this thread. Well, this is one of the stocks you could buy into AFTER the "event"
  13. ....... his Methodone to try and kick the habit, it seems the world is becomming addicted to Financial Stimulus. Whilst China warns of going 'cold turkey', George Soros predicts Recession II. Oct. 31 (Bloomberg) -- Chinese Commerce Minister Chen Deming warned against withdrawing economic stimulus measures, citing the risk of another world slump. If countries “withdraw the stimulus measures now, the global economy will plunge.” Billionaire investor George Soros said yesterday that the global economy’s recovery from its worst crisis in 70 years may “run out of steam” and another recession may follow in 2010 or 2011. U.S. stocks tumbled yesterday as declines in consumer confidence and spending and the threatened bankruptcy of commercial lender CIT Group Inc. underscored the risk of a slump. http://www.bloomberg.com/apps/news?pid=20601087&sid=au8I9W6ObNhQ&pos=1 Take cover and get ready to open your short on the DOW within days
  14. Wall Street awaiting weekly Oil Inventory Reports @ 3:30pm GMT
  15. DOW sliding now.... FTSE following. Gonna be an interesting few days coming up
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