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Hip to be bear

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About Hip to be bear

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    HPC Veteran

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    Isle of Wight
  1. 3 points / questions.... 1 What if they can pull it off? 2 Even if you are right, is it politically viable to be the one to pull the plug? 3 Given how these markets work on sentiment and confidence, wouldn't a unilateral act / admission of failure lead to contagion and the downfall of the whole system? In poker terms we are priced into the 'pot'. We have £140 billion in the pot already. If we don't chuck in another £7 billion (or whatever), we are definitely writing off the lot.
  2. Gordon Brown ran a massive deficit for the 7 years before the banking crisis, building up debts for future generations to pay back and growing the state to an unsustainable size and cost before the crisis hit. (He added over £200,000,000,000 to the reported debt in that period, to say nothing of that which went unreported). Your clever young people will still be able to go to University. They will just have to decide if they are willing to rack up more personal debt to do it as they will be subsidised less by taxpayers due to excessive national debt. Shouldn't we be angry that we the taxpayers have been subsidising the tertiary education of excess numbers of feckless youths studying useless degrees.
  3. Probably enough for the FTSE to power through the 6000 barrier though!
  4. I do hope that those nice bankers got 6 figure bonuses for lending all that cash to Irish banks at such profitable interest rates! I would hate to think that they didn't get a decent slice for such brilliant decision making. We have to keep the best business brains on board you know!!!!!
  5. Trouble is that we have already lent the buckets of cash....(albeit that that was RBS, HBOS and Lloyds...all now effectively nationalised....lending £140 billion to the Irish banks (which have now effectively been nationalised)). If their banks go to the wall we lose £140 billion. Are we better off keeping them afloat for a bit longer with our Eurozone neighbours, or do we take the £140 billion loss and potentially destroy our own teetering banking system into the bargain? Put in those terms, what choice do they have but to keep the plates spinning for a bit longer?
  6. Hip to be bear

    Question Time Thread

    Actually she is right.....In 2001 the national debt was around £150 billion. By 1997 it was nearly £350 billion. That was the impact of the early 90s recession. The Tories were cutting the deficit though when they lost power. The difference is that the Tories added £200 billion due to a recession. Labour managed to add £200 billion to the debt through a period of economic growth!!!!!!!!
  7. Hip to be bear

    Question Time Thread

    The Tories have been talking about an age of austerity since their 2009 conference, and said that all would have to share the pain. They are now making the cuts. Where is the hypocricy?
  8. Hip to be bear

    Question Time Thread

    I didn't see any facts or spending plans in the Labour manifesto either..... Labour spent the whole election campaign wibbling about tory plans to 'take 6 billion out of the economy' rather than concentrating on their own plans for 'deeper cuts than Thatcher'. None of the parties told the truth in the election campaign. Your comments are blinkered and hypocritical.
  9. Hip to be bear

    Question Time Thread

    Is Tony Blair 'in it together with us'? Mandleson? I would rather have Hammond in the cabinet than a fat useless idiot like Prescott....or Jacqui Smith...
  10. Hip to be bear

    Question Time Thread

    Despite 15 odd years of economic growth. If you know you are going to maintain spending during a downturn, you need to pay down debt during the good times........It is not frickin' rocket science. Though such logic was beyond Gordon.
  11. Hip to be bear

    Question Time Thread

    Well done Hammond for pointing out that Labour were borrowing £38 billion per year before the crisis hit. He even got a round of applause for it!
  12. Hip to be bear

    What's It Worth

    Can't comment on the local market, but........penthouse appartment........more like squatting in someone else's attic. Tiny windows and no soul. Not even a vase of twigs to justify the pricetag!
  13. Hip to be bear

    Cannot Repay Interest Only Mortgage At End

    I think you are wrong PM.........The term of the mortgage is still long....(usually 15 to 30 years), but the fixed rate or teaser rate period is short. You contradict yourself in your post. You say that you fall back on to the lender's SVR.....what you missed is the...for the rest of the mortgage term....If it was a 2 year mortgage, the principal would be repayable after the 2 year period.
  14. Hip to be bear

    Answer To 'should I Buy Now Or Rent' Questions

    I found this when having a look at the express site to see how they had reported the Nationwide figures......guess what.....they hadn't! I came across this piece.....there is almost an atempt to write a balanced article, or at least to be seen to, but the VI blood flows strongly through their veins.... http://www.express.co.uk/money/view/189580/Is-buying-a-house-better-than-renting-
  15. Hip to be bear

    Gold Technicals And Futures Flashing Read

    Please do not call me a bull...i am more bearish than you. The £280k that the property was on at last year was an ASKING PRICE, it does not necessarily reflect the true market value of the property. Actually, the fact that it did not sell last year at £280k should tell you all you need to know! When I sold 18 months ago, we had 3 valuations which varied from £195 to £220. I went with the lowest, and it still took a while to sell at the bottom of the market. If I had gone with the highest, it could still be on at the same price, but it does not mean that it was worth that amount, and I could not extrapolate a percentage drop from a spurious asking price to a final selling price. The best indeces that we have are the Haliwide and Land Registry and they are the only real way we can judge the market........... Your bizarre assertions about price drops are totally unsubstantiated and at best would be better off in the anecdotals forum. Meanwhile can I suggest you consider a name change to Confusedbear or something similar.
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