threetimesdead

That could be said about anything you see around yourself - deep sh!t position has for some time been a position of choice around here

Is that what they call "the spring bounce in the housing market" - used to be the only time of theyear women haad their annual period and could conceive....

The words Charles Dickens obviously don't mean much to you

Philip Green paid £1 billion dividend tax free to his wife Tanja (resident of Monaco) BHS reported that dividend as a loan = 40% tax deduction Loan financed by the Royal Bank of Scotland Royal Bank of Scotland financed by idiots around your place

I believe in what I what I believe and what various professors taught me for the last 20 years or so And my money is were my mouth is - rent, don't buy, never buy from here onwards I will not bother you with the income multiples, average salaries and trends and graphs A country without the middle class is no country - is a no go country - is UK - 3-5-7Years from now?

But their volumes are dependant on the values they assign to that pile

What a surprise to find some simple logic in this script

Time will judge

Buy yourself a garage in a country with a large and stable or azt least growing middle class base - no need for beans

Election will bring interest rates to market levels irrespective of whoever wins the election

Patience is the right notion 15-20% is irrelevant - the poverty that is about to hit this country will destroy house prices

What if failure to vote in general election were to become a criminal offence in UK - just as it is in some other EU countries - do you know howe many people actually vote here? This is a minority government and so will be the next one

Price stability for the next 12 months then Who cares - 10 years up, 2 years down, 1 year flat, 15 years down

That would be a charity A charity is worse than waging a war - it makes sure the receivers of the charity never suffer to full extent and never take up their arms A ponzi scheme will only then go properly down when it is allowed to ripen and fall by itself, not forced to go down - this is why 1.2% from the NW was an extremely good news

The falls are natural, well overdue and are happening But the system is being (temporarily) stabilised by extremely low interest rates (historically unknown by the mortgage market rates - just as unic as the securitasations of the 2001-2007 were) and by delays to repos The 2007 prices will not be back for 20 years, butr if you have already wasted 20 years of your life you must be around 40 and that is your last chance to get out - you will be too old in 5-7 years to do so

You can and should buy a one-way tkt - back in the 70s they use to give them for a tenner

Spent the weekend with a frien who just moved into a new built semi - could hear all of the bodilly functions of their neighbours most of the time, most of their conversations and certainly the intercourse You don't have to buy a portacabin to declare yourself an idiot - pretty much any new built will do

Link Didn't you see the Nationwide data today - who said there is a correlation between house prices and GDP? www.economics.ox.ac.uk/members/andrew.farlow/Farlow%20House%20Prices%20and%20Consumption.ppt undefined

Not to say that thw Wall Street Journal itself is politically influenced too by the guy who owns it and thinks of himself as a king maker - Rupert Mardoch

Q1 next year is when I'm thinking that there'll be a genuine upturn... IN UNEMPLOYMENT reaching 3mln with an extra 1.1mln out of jobs

Sounds like the story about that german guy shorting VW shares and left with nothing but a gun at his head

http://www.home.co.uk/guides/news/story.ht...ouse_price_fall

For the entire period - 2001-2007 - that was GBP700bln according to the BoE - or 1/3 of the total value of all mortgaged properties in UK That funding is gone now - but the double wammy is that the banks have to repay the loans whilst the funds are tied up in briks and mortar

Unlike the FSA, Moody's does employ economists and accountants. According to IMF, even after the 22% fall from 2007 peak, the UK market is 30% above the historical averages - 30/130 gives you another 23% fall and a total of 45% peak to through BUT Prices never move in a straight line - they over shoot on the way up, and go through the historical average on the way down - on a graph that would look like a wave (prices) with a strike through line across, not under it (historical averages) - this is where the Moody's 60% comes from The 60% brakes down into 2 components - 32% from the ned of securitisations and lax lending - already there, but not in a full blow due to market manipulation by means of the BoE base rate and QE 25-30% from economic recession factors (unemployment, wage stagnation, disposable incomes) - just beginning to unravel and will be in a full swing by Q4 2010/Q1 2011

Because if they test for the worst - no money in the world and no printing machines will be enough to avoid banks going down - derivatives So their 50% is not even an educated guess - is just a guess After all they don't employ economists or even accountants - they employ lawyers - blah, blah, blah