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House Price Crash Forum


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About chugington

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    HPC Newbie
  1. i would not be surprized if a lot of them let the swiss banks repossess the houses they own in poland and stay in the UK.
  2. we noticed some items had gone up by nearly 100% cucumbers I noticed this at morrisons and thought it was just morrisons.
  3. In Poland, 60pc of mortgages are in Swiss francs. The zloty has just halved against the franc. Hungary, the Balkans, the Baltics, and Ukraine are all suffering variants of this story. As an act of collective folly – by lenders and borrowers – it matches America's sub-prime debacle. There is a crucial difference, however. European banks are on the hook for both. US banks are not. Almost all East bloc debts are owed to West Europe, especially Austrian, Swedish, Greek, Italian, and Belgian banks. En plus, Europeans account for an astonishing 74pc of the entire $4.9 trillion portfolio of loans to emerging markets. They are five times more exposed to this latest bust than American or Japanese banks, and they are 50pc more leveraged (IMF data). Spain is up to its neck in Latin America, which has belatedly joined the slump (Mexico's car output fell 51pc in January, and Brazil lost 650,000 jobs in one month). Britain and Switzerland are up to their necks in Asia More from this article, deeply shocking.
  4. How can people survive on such low wages. was your wages higher than minimum + 20p
  5. Make sure they pay you redundacy, and keep your savings safe in an ISA.
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