Reptile

What do you think of my business prospects? I am also thinking of exporting 'SOLD' boards to America.

As usual you are talking ********. How do you think you know better than I do about my friends. The friend I have got is a very good friend of mine. How am I a good friend to him? Because I will help him out during hard times regardless of whether I get a favour from him now or in the future. Taking the piss out of him is only because he made a stupid mistake. I hopr by doing this he will become a bit wise and learn his lesson.

I think that what it is. People are sitting on the fence enjoying the spectacle of seeing the BTL arrogance go down the pan. One of my mate has done a BTL. I occasionally ask him, how are the BTLs going. Interested in doing more BTLs and I point him towards a property which I saw on rightmove that will make an excellent BTL. His reaction: Oh well..... and changes the subject. I ENJOY it very much. Oh the buzz...... One moment let me go and give him a call.

Just did a check on rigntmove website hits. Seems like a lot of people are checking out properties. Does this mean interest in the property market is still strong? Or does it mean sellers are panicking and checking out by how much has their neighbour's house dropped by? http://www.alexa.com/data/details/traffic_...rightmove.co.uk Reptile

I do not think that women entering the workforce has increased house prices. This is due to the fact that doubling of workforce has resulted in halving the wages. However due to the independence induced for the females in the process of earning independently, it has given rise to more single households and therefore the demand for flats.

Emigrate. Something which I am going to do anyway. Why people want to stay here is something I can't understand. Income to house price ratio is nowhere to UK in Canada.

It is dated 10 September 2004.

UK is more or less self sufficient in oil. Price of oil going up or down does not make a difference to UK trade in oil. Higher oil price means more money from UK consumers to UK oil companies (shareholders). It will contribute towards local inflation. Similar to a price rise in home grown potatoes.

Well said.

By the way, I am a firm believer in God(monolithic). I know this is off topic, but due to a considerable interest shown in this thresd, I would like to post a couple of good articles on a website. The articles collect information from all dimensions of life (materialism, creation, society laws etc.). Once you have read them, we can argue. http://www.harunyahya.com/70the_fall_of_atheism_sci34.php http://www.harunyahya.com/refuted1.php

Sorry slightly disagree. I know people who went through it last time and still were bulls an year ago. Spot on. I think this is the overriding fact. Spot on again. Very dumb people in this country. Herd mentality. If everyone is doing it, it must be the right way. They will do it again in 15 years. Of course it would be really different that time. Large, I have a question for you. If people in a society are this dumb, what is the future of this country? What will be the situation like in 10 years time?

Dipstick, No you are not talking rubbish. It's a very good question. In my opinion, if IRs go down by 1%, I will seriously think of packing my bags and booking a flight.

How to predict a house price crash? More at http://www.jenman.com.au/CA_November_5_2001.php Excellent stuff in 5 parts written in 2001.

'Peak' Oil Not Coming Soon Brad Foss Associated Press 6-24-5 WASHINGTON - Global oil production is not likely to peak anytime soon, contrary to talk that has helped propel prices close to $60 a barrel, although lower prices may still be a few years away, a prominent energy consultancy said Tuesday. Cambridge Energy Research Associates said that, instead of a crest being reached sometime this decade, an inflection point in world oil output will occur sometime beyond 2020, after which production will plateau for several more decades. In a report that builds upon earlier analyses by the Cambridge, Mass.-based consultancy, CERA said it believes that between now and 2010 there will be a substantial increase in worldwide oil production capacity. It said that "as a result, supply could exceed demand by as much as 6 million to 7.5 million barrels per day later in the decade" that will lead to an extended period of lower prices beginning as early as 2008. The price of oil could "slip well below $40 a barrel as 2007-08 nears," CERA said. Today, the supply cushion is only about 1.5 million barrels per day and that has markets extremely nervous about the possibility of a supply disruption. Oil prices are up more than 55 percent over the past year, in part because of the threat of hurricanes, terrorist attacks and labor strife in key oil production regions, such as the Gulf of Mexico, Iraq and Nigeria. "Today's high prices are the result of an exceedingly tight and precarious supply-demand balance," CERA chairman Daniel Yergin said in a statement. "Yet significant new capacity will be coming on stream... The addition of that new capacity is what is required to improve the supply demand balance." The CERA report is a counterweight to the predictions of some energy experts, who in recent years have been publishing books filled with charts and graphs that aim to prove that world oil production is about to peak, if it hasn't already. The most recently published book to make that claim is called "Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy," which was written by Matthew R. Simmons, a Houston-based investment banker who is well-known in the petroleum industry. Simmons argues that Saudi Arabia's best oil fields are aging rapidly and that the rest of the world needs to question the veracity of the kingdom's claim that it still has 260 billion barrels of petroleum left to pump. The CERA report acknowledges that there will be fewer giant oil fields found and produced after 2010, but it argues that with new technology and multibillion dollar investments the petroleum industry has the ability to provide more than enough supply to meet rising demand. "The main risks to our supply expansion scenario are above ground, not below ground " changes in the political and operating climate that could delay expansion," Yergin said. The debate about whether global output is on the cusp of an irreversible decline is not new " petroleum engineers and executives have been hashing it out for decades. But it has garnered extra attention amid soaring prices and the revelation last year that Royal Dutch/Shell Group overstated its reserves, a key measurement of an oil company's future profit potential. Lawrence J. Goldstein, president of PIRA Energy Group in New York, said he was present when Simmons met with Saudi officials to gather information for his book and that he remains an "agnostic" when it comes to the peak oil debate. It isn't entirely clear, Goldstein said, whether today's tight global supply reflects a geologic limit that is being reached or if it merely signifies that the industry hasn't made the necessary investments to keep up with rising demand. "The truth is, I don't know whether we're resource-constrained or effort-constrained, and neither does anybody else," he said. "This market is being driven by fear of what can happen," said Citigroup analyst Kyle Cooper in Houston. "I am trying to find a fundamental reason for today's rise, but there is none. This is one of the most bearish markets we have seen in years, yet prices are at record highs." According to Mr. Cooper, inventories in the U.S. are at near-record highs when one looks at overall stocks. "Nobody mentions the fact that U.S. oil production is above where it was a year ago." "Who would have ever thought the cartel would be producing 28 million barrels a day and we'd be taking about $56 a barrel oil," David Rosenberg, of Merrill Lynch. On the New York Mercantile Exchange on Tuesday, July crude futures fell 32 cents to $59.05 per barrel

YOY will go negative in August. Very high chance of going negative end of July.