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House Price Crash Forum


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About indirectapproach

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  1. Be cool everyone, this dude knows exactly where he is, http://www.france24.com/en/20130607-france-japan-hollande-faux-pas-translator-chinese-twitter
  2. I'm pretty much a long term bear and I'm coming around to the view that now is the time to sell.
  3. My understanding is Ken thinks rents should be a maximum of 1/3 of one's salary. Generally speaking I wouldn't rent any of my stuff to anyone who was looking to pay more than 1/3 of their salary to me. It's a bad idea that stores up problems for everyone.
  4. It seems the they decided to agree to this text by March (year not specified) if not before, http://consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ec/126658.pdf And the text says the European Commission get the final say on the economic policy of any nation with a budget deficit of more than 3% or a national debt of more than 60%, which is about everyone except Slovakia, who can't persuade anyone to lend them more than 35% of their GDP. The relevant text is at the top of page 4 of the link and reads. "As soon as a Member State is recognised to be in breach of the 3% ceiling by the Commission, there will be automatic consequences unless a qualified majority of euro area Member States is opposed. Steps and sanctions proposed or recommended by the Commission will be adopted unless a qualified majority of the euro area Member States is opposed. The specification of the debt criterion in terms of a numerical benchmark for debt reduction (1/20 rule) for Member States with a government debt in excess of 60% needs to be enshrined in the new provisions."
  5. So, it is "better than 80 per cent certain," according to you, Goldman Sachs has "alerted our Eastern friends" The Chinese? "to the joys of laying off at least some the currency risk on long Gilts?" To buy UK debt? Lol Is that what you're saying?
  6. Nein, You asked the question (rhetorical) "What odds would you give on the likes of the Squid not having ...." As if you knew what the odds should be. So tell us what odds you would give. Or go fly a kite (offensive).
  7. The Austro-Hungarians did produce probably the best ever large tile stoves. Izzard's ignorance of this reflects ill upon him and shows that he has spent insufficient time in central European castles in winter. It's even in the DM, http://www.dailymail.co.uk/news/article-1041812/The-medieval-marvel-14th-century-Hungarian-stove-cuts-monthly-gas-just-5.html
  8. Well why don't you share the odds then, instead of blowing off like a wet fart?
  9. That might just explain why Merkel isn't looking like the happiest fat slag in Deutschland these days.
  10. Wasn't the Russian inflation rate +2000% (two thousand per cent) briefly in 1992? http://www.tradingeconomics.com/russia/inflation-cpi
  11. There may be some plan, even a German one but it won't work, like most well laid plans. The guys in the South just will not do what the Germans want.
  12. Because it all starts just nice and dandy like that but then before you know where you are, it's Smoot Hawley all over again ....? Maybe?
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