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Everything posted by Deckard

  1. I think you'll find that Gordon B would much rather join at parity than at 1.62 Euros. (not that I see this happening, mind)
  2. Are you a hard working family? Thought not. Now bugger off.
  3. Big cities are always like that, and not just in the UK... One of the many reasons why "downshifting" has become* so popular. *maybe had become would be more appropriate now
  4. Ha! This is going to be interesting, seeing that every day we get some people worried about deflation, others about hyperinflation... My view in short: deflation for about 18 months, followed by strong inflation (not of the hyper kind).
  5. AND they are going to lose their toxic trophy wives ....
  6. Remember dude: if economic journos were any good with forecasts, they'd be working for the banks - not for the papers. Mind you: bankers get it just as wrong with their predictions, but they (used to) get paid vastly more...
  7. I think the S will HTF in Ireland first. Anglo Irish was down 30% yesterday.... today +12% so far... go figure But the hedgies are still short Irish banks, in for the long haul I reckon (i.e. they expect Ireland to default on the 100% deposit guarantee at some point).
  8. ANGL was down 40% the day before the deposit guarantee was introduced, and it would have gone down if it wasn't for that, no doubt. Now it's down 30% and it doesn't even make the headlines? mmmmm .... very fishy IMO
  9. http://www.londonstockexchange.com/en-gb/p...rue&ns=angl Any news? I can't find any... The hedgies are still short ANGL, just click "news" for details. 100% deposits guarantee, anyone?
  10. Bernanke Says Government Must Step Up Efforts to Prevent Home Foreclosures http://www.bloomberg.com/apps/news?pid=206...&refer=home it is now globally true that borrowing recklessly is wiser than saving prudently :angry:
  11. Jonpo, if you have personal experience of Zopa, could you post some info on the thread I started on social lending? http://www.housepricecrash.co.uk/forum/ind...showtopic=96998 Cheers
  12. No help for you from the gubbermint. Gordon B wants you to BUY A HOUSE, so HPC can be halted. Can you hold out for a year or so, maybe move to a smaller house? IMO that's when inflation is going to raise its ugly head - big time, and interest rates will be on the up again.
  13. hmmm... I think that would only work if you employ a couple of heavies to "remind" people of their obligations Not my cup of tea, I'm afraid.
  14. No, AEP foresees a complete collapse of the Eurozone. I just expect a significant selloff for the Euro.
  15. Sure: there is risk involved. I was actually wondering if anyone on HPC had any exposure to this stuff, or knew someone who did?
  16. It's just the start. Every country in the euro zone will have to adopt similar measures. That's the problem when you share the same currency without political union. Many countries in the euro zone would need sub-2% interest rates NOW - but that ain't gonna happen any time soon with the ECB bureaucrats. Can you hear the timebomb ticking? tick... tick... tick...
  17. So here we are. Rates just hit 2% with more cuts on the horizon. A lot of people on HPC are threatening to take their saving out of the banks and into safes/deposit boxes. How about social lending as an alternative? http://uk.zopa.com/ZopaWeb/public/about-zo...-zopa-home.html In principle, it sounds like a good idea: cut the banks out of the lending equation, help someone and earn a decent return. There are risks, of course: what if Zopa goes under, of if the guy I lent my savings to does a runner? I was wondering if anyone on HPC had any real life experience or general feedback to report.
  18. Good. Thank you, I needed some positive news today, amidst all the gloom.
  19. What happened RB, did you take profit on your $ short today?
  20. Add some more cuts at Credit Suisse http://www.bloomberg.com/apps/news?pid=206...&refer=home These are on top of the cuts already announced and quoted in the telegraph article.
  21. The number is busy at the moment. "You reached the IMF. We are experiencing a high volume of calls at the moment. Please stay on the line to keep your place in the queue"
  22. "...In the same month, an £11million house in Holland Park was forced to be sold. Last week a banker, who would not be named, lost his £500,000 deposit on a £3.25million house after failing to make his expected bonus and seeing his stock options fall 70 per cent. Many of London's most expensive housing schemes under construction have seen demand dry up, with no new buyer inquiries for the past few months." Ouch!! This ties in with recent price falls at the top end: London Luxury-home Prices Drop 3.6% In November, Second-largest drop ever http://www.housepricecrash.co.uk/forum/ind...otewithyourfeet Scary stuff indeed...
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