pl1
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Posts posted by pl1
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Talk about blind leading the blind. Ireland is a bigger basket case then us!
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Anybody know if Natwest Stockbrokers cut the mustard?
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It's hardly a slump. It's not exactly new's this has been known about for weeks and most of it's already priced in.
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This is becoming a nasty habit. I think the only people making moolah at the moment are the Day Traders.
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yes
I've used them, they're ok. [bv]
That's all the proof I need. I'm in!
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This is what people don't get. The ones on here keep saying the BoE is trying to screw the savers by cutting
interest rates, well, they're not. They're trying to push down the interbank rate so the borrowers recapitalise
the banks. 52% of all UK mortgage holders are on a fixed rate above 5%. All UK banks borrow the majority
of their mortgage money on the 3 month interbank market. They have to refinance the money every 3 months.
So, when all the fixed rates were taken out the interbank rate may have been 4.75% and they were lending it
to the mortgage holders at say 5.25%, all those mortgage holders are still paying 5.25% but the banks will be
lending that money at today's interbank rate. I don't know what it is, but let's say 3%. As you can see, it's
not about screwing the savers it's about getting the interbank rate down and forcing the borrowers to recapitalise
the banks extortionate margins. This with personal loans at 10% and credit cards at 15% will go a long way
to screwing the borrowers into digging the banks out of the big hole they made for themselves while their house
prices continued to crash for the forseeable future. With loan to values at around 65%, most banks are pricing
in 30% more falls in house prices over the coming years.
A few months ago many savers were getting hundred's of pounds a month in interest on their savings, now they're getting next to nothing. Sounds like being screwed to me and a side-effect to the BOE.
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Yea, the Dow spunks up nearly 3% on this awful news, in the hope it means some sort of Stimulus package get's passed. How upside down and desperate does that sound?
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Dow and ftse up 2%
Is this the Obama boom?
Higher unemployment figures released today, so market thinks his Stimulus plan will get approval.
Carseller is this why £ rallied today as the only way to pay for this stimulus is to print $?
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Tabloid newspapers make a living from appealing to the majority.
The majority of people own property.
The majority of people want house prices to rise.
The majority of people get their choice in to power at election time.
Seeing a pattern here?
I prefer the **** explanation.
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I think you may be over-analysing.
I reckon they're just c**nts.
Yea, that'll do.
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Does anyobody actually know why The Daily Express is such a Vested Interest for HPI? Do they have financial holdings in Building Companies or are they just full of BTL landlords or is it more mundane and they are just all frustrated homeowners? I'd be interested to know.
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"Earnings woes" but could this be a good point in to the next bear rally?
At least it would be a good excuse to get out of Sterling before this Thursday.
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Very sorry if this has been mentioned before; I know how annoying it is to see duplicate threads. It's good to see the title of this section of the forum changed - at last we can post our ideas on the economy and not have somebody asking it to be moved to OT. IMO the discussion is one of the best resources around - better than any government think-tank, and I'm damn sure, as has been said before, that key figures pop in to gather information (papers, peston etc
).Good change!
I just spotted that too. Then just spotted your thread.
I second the motion!
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Tomorrow?
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Below is a link to Harry Markopolos letter to the SEC telling them why he thought Madoff was a Fraud. haven't seen it anywhere else on the forum and think it's more appropriate here.
Good read and understandable for most part, even by idiots like me.
I read that a couple of week's ago and it's absolutely staggering nobody picked up on it back in 2005. It's an unbelievable read.
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Damn those Japs and their strong Yen! It's all their fault my plasma's now 599 not 499!
Ahh the ubiquitous Plasma! Not an Economic article is written these day’s, it seems, without using this beast as the ultimate example of a Credit obsessed world.
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I fancy transerring some of my monthly wages into foreign currency, im pretty worried about sterling...can someone suggest a cost effective means of doing this...any suggestions??
I fancy moving half my wealth out of Sterling but I'm worried I've missed the boat by a long chalk. Does anyone have any ideas if and by how much Sterling will drop this year?
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It appears you were right GOMR. I guess a few Day Trader's made some moolah in the last month though. What Pompous number are we at now?
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No not around here (Sussex) it isn't. Took my usual glance into EA windows on Saturday morning, not one customer in them. When picking up the property paper from one I asked how business was and they said "still fairly quiet". Three houses I've been keeping my eye on for last six months have fallen in price very recently. One by £15k. It's been on the market for months. Have only seen one Under Offer sign on my travels. Lots of For Sale though.
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Accidentally switched over to it. Now watching MiB2. Bound to be BBC hero worship or he wouldn't have agreed to it. Nothing critical I suspect, just big him up for the next series of TA
Yea it is. Alan put's a screen on a TFT after boiling beetroot.
*yawn*
What else is on atm?
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What's with the Dow Jones Rally of late? Should I have bought and held in November? Does anyone think the stimulus will work? Markets seem to think so at the moment.
Boe Says Yes To Quantitative Easing
in House prices and the economy
Posted
Because Sterling has absolutely tanked in the last few months, if that's not pricing in I don't know what is.