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Tired of Waiting

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Everything posted by Tired of Waiting

  1. Surprisingly Evan Davis did ask that question, basically. Greenspan answer was kind of "I was just a powerless central banker!". It's in the R4 Today Programme linked to the OP.
  2. I've found this, 14min into it: http://www.youtube.com/watch?v=23hjctWV0cc
  3. Yep, he got high on hubris. Another puzzle: http://en.wikipedia.org/wiki/Alan_Greenspan#Early_life_and_education
  4. Yes, I know, he's been blowing bubbles / or stopping them from bursting, for many years, I agree. BUT, I really don't think he understood the DIMENSION of the problem he was sowing. I don't know how, or why, but somehow he managed to not see what was coming - if you know what I mean (hopefully you do, coz, to be honest, I am not sure I do.) It just doesn't make sense. I can't believe he didn't see it coming, but I also can't believe he saw it and did nothing. .
  5. 54,351 new houses within 10 miles of Cambridge, but within what time frame? 1 year? 5 years? 15? And how many dwellings are there now? (Just to calculate what kind of increase these 54k new houses mean.)
  6. Crony capitalism, 13min into the full interview: http://www.bbc.co.uk/iplayer/episode/p01jq25r/Business_Daily_Alan_Greenspan_on_Past_Crises_and_Future_Challenges/
  7. Or that. I had forgotten that third possibility. BTW, we've had that discussion many times before in this forum ("incompetent, bonkers or [email protected]"?) , when talking about Gordon Brown...
  8. I'm not sure about that. You may be overestimating him. You are saying that he saw it coming, but did nothing to curb it. I'm still not sure. .
  9. + 1 A couple of weeks ago I tried to find the definition or methodology of this "Need Assessment", but I couldn't find it. I had the impression that it hasn't been well defined yet. Then a friend told me about a very strong reaction from the CPRE against the inclusion of any affordability criteria in this Need Assessment... You can always trust the [email protected] from the CPRE to point to key aspects of lobbying.
  10. Surprisingly, Evan Davies does grill Greenspan a little about the bubble, but far from enough. It is still a painful listening, and may even be dangerous for some! Health warning here! On BBC Radio 4 Today Programme yesterday: 2h48min in (7 minutes long) http://www.bbc.co.uk/programmes/b03dfc82 Full interview, 17min long: http://www.bbc.co.uk/iplayer/episode/p01jq25r/Business_Daily_Alan_Greenspan_on_Past_Crises_and_Future_Challenges/ Other edited versions and news about it: Alan Greenspan: Financial crisis probability was small 21 October 2013 Last updated at 10:35 BST http://www.bbc.co.uk/news/business-24606187 Ex-Fed Reserve Chairman Greenspan says eurozone crisis far from over 21 October 2013 Last updated at 00:55 BST http://www.bbc.co.uk/news/world-24605296 Greenspan fears US government set for more debt stalemate 21 October 2013 Last updated at 00:53 http://www.bbc.co.uk/news/business-24602273
  11. 2015 Q4, most probable scenario: It is almost certain that interest rates will be higher than now, and with higher rates house prices will probably be lower than now. If so, by then you'll have very little equity (if at all), and be in serious trouble having to re-mortgage. IMHO a 2 year fix is a gamble with odds against you, and your family. You and your family will be much, much safer as tenants - with large savings. We have been renting for many years, have more savings than you, and we've even stopped calling it "a deposit", as we are not planning to buy any time soon - as we are in the SE, and prices here are still stupid. Sounds like you are in the SW, and IMHO prices there are bubbly too. The safest option is to stay out of these huge, gigantic leveraged bets.
  12. The number of new flats went up, new terraced houses are similar, but the number of larger family homes fell from 106,800 in 1996 to 47,400 in 2012! (If I added correctly the number of detached + bungalows + semi-detached above.) And I bet the sizes of these new "detached" and "semi-detached" are much smaller than in 1996, and on much smaller plots too! Even the streets are narrower, and without parking space.
  13. I've found this: I think CI should be just enough to provide for a very basic, simple, minimum standard of life. Remember that people will still be allowed to work, to top up this basic income. Besides, trying to start at such high level will also make it much more difficult, politically, to win this referendum.
  14. Very interesting. But I agree with durhamborn, IMHO 2500CHF/mo is way too much. It's actually £1,718 now BTW. Besides, the main point of a CI is to remove perverse incentives, but at this level CI becomes itself a perverse incentive, and much broader than means-tested benefits.
  15. I do hope you are right FH, but construction data has not showed yet such a significant increase in the number of starts. I think we are still around the 200k/year, no? I read recently that France builds 3 times more than us. We are far far away from those levels. And the market is still being monopolised by big companies. Re these 2 councils you mentioned, are they in the SE? ToW
  16. Not sure if you missed the 2 posts copied below, or if you don't agree with the data in them:
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