Kilham
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Posts posted by Kilham
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On 16/08/2018 at 22:26, Wayward said:
Why do the NIMBYs always press gang their kids into these protests...they are unlikely to have a firm grasp of the issues...I think it is sickening when you see them dragged along to object to house building...
Come along timmy, we need to go and stop these houses being built so the village will be quiet and unspoilt when you leave home and have to drive 50 miles to visit us.
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2 hours ago, spyguy said:
Have you tried switching EAs, getting new photos......
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1.BTL
2.Boomers
3.Fungus
Well they trigger everyone on HPC at least...
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17 hours ago, Errol said:
Turkey is and always has been a place of vital strategic importance.
Trump is playing a dangerous game. If he pushes too hard Turkey will move from the NATO/West side to the Russian/East side.
By continually using the dollar as a weapon, the US is driving people to abandon its use asap. Frankly their behaviour is just bizarre (desperate). If you wanted to give the impression of an unstable nation, wildly throwing its weight around (e.g. sanctions) then the US could not be doing a better job.
The rest of the world (i.e. not the US and its vassals) is watching and taking notes.
15 hours ago, zugzwang said:Trump doesn't understand the Triffin paradox. The USD as reserve currency has to serve two masters, domestic and international. This can only be accomplished by running twin current account and trade deficits, without which the rest of the world is starved of foreign exchange reserves. Keynes anticipated the dilemma and proposed the introduction of a supranational Bancor currency at Bretton Woods instead of the dollar, which the Americans famously rejected. It seems obvious to me that the US economy is now too small relative to the rest of the world to fulfil this lender of last resort role uniquely.
Look at these two again, but assume he *does* understand it, or has been told what to do by those who do, even if it will result in short-medium term pain. I'm guessing the next crisis will be used to introduce a replacement - SDRs or similar - that the US won't be in a position to unilaterally reject.
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Going to be fun for anyone who's built their spending around servicing a 500k IO morgage at 0.5%. As mentioned, it's a 50% increase.
I really didn't think they would have the guts to do it, the £ must really have been under threat.
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Wow. After so many years of false hopes.
They must have had to show Carnage where to find the 'raise' button, he's never had to use it before.
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8 minutes ago, mathschoc said:
Mark Carney will not raise rates
more than once in a 12 month period.I will pee in my pants if he does.
Fixed.
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55 minutes ago, spyguy said:
Nope. UK eocomny, strong or not, does not factor.
US FED sets the risk free rate for money.
Set your IRs below that and your currency will fall.
BoE only has freedom to set IR higher than the FED.
They also have the freedom to trash the £. More.
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So will they need to start making their own hair gel or have they already been doing so?.
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3 minutes ago, GreenDevil said:
Selling a string of land as plots, 20k sold for each, is 400 total
https://www.eigpropertyauctions.co.uk/lot/918994?sb=1
About the only thing selling today lol
That's either on the wrong side of the greenbelt boundary or a flood plain - probably both from a quick satellite view.
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On 14/06/2018 at 23:01, markyh said:
Google Tesla Powerwall 2
Quite a few people are building their own with cells harvested from scrap laptop battery packs. I did look into it but just don't have the time - you would be looking at thousands of cells.
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Because we're not the global reserve currency?. If I buy from China I have to pay in USD, if I buy from Russia it's in USD (always amuses me that one). Other than that buggered if I know, but if not why are we still at 0.5%?.
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About the same as now, a split between those who thought common sense would prevail and they'd raise with the US and those who realised it was now impossible to raise without a total collapse.
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Who was it had as a sig 'If they raise rates, we're toast and if they don't it's because we're toast'?
I remember many years back this moment was debated when the FED started raising and the BoE would have to follow - would they risk collapsing the housing market/economy or allow a run on the pound?.
I expect we'll find out soon.
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A little more for your 1m up here:
http://www.rightmove.co.uk/property-for-sale/property-54406281.html
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Try further north:
http://www.rightmove.co.uk/property-for-sale/property-46589551.html
That one failed to sell at 1.2m - the reduction will help pay towards the upkeep.
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3 hours ago, DoINeedOne said:
Research shows painting your front door can actually help with a sale.
There you go problem solved
Sellers may need to consider lubing the back door.
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1 hour ago, longgone said:
Don't be mean, it's probably had a new kitchen since then.
£392995.
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53 minutes ago, GreenDevil said:
Looks like lots of stuff being bid off the wall to just under reserve. Which effectively could mean no bidders.
' Unsold, the last bid was £972,500 and is available at £975,000 '
Do they really expect us to believe the sellers turned down an almost a million quid bid for £2500?.
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Like the headline - wonder if the BBC will be reporting on this one?.
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USD has taken the lead in the turd race due to a surprise move
byat Davros. GBP is probably looking the least turdy at the moment. -
Headline is incorrect of course. Homeowners will face nothing, those who borrowed stupid amounts to rent their house from the bank could be in trouble though.
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Very disappointed, I was expecting 2 pages of bad carpet puns.
In the old days the regular posters would have been on a roll with this one, piling in to beat them but now it seems you've lost your grip.
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Quote
Fergus Wilson was once the biggest buy-to-let landlord in the country with nearly 1,000 homes across Kent
I'd put money on him still being the biggest landlord in the country.
Aberdeen, Aspc Stats
in House prices and the economy
Posted
No. but they'll have though it's better to have some skin in the game rather than rent and watch the house they wanted get further out of reach anyway. This whole mess is causing thousands to make unwise decisions.