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House Price Crash Forum

Fawkandles

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Everything posted by Fawkandles

  1. http://amalgamator.co.uk/2011March7th.aspx Silver should read up to 125$ before it peaks
  2. Depends on the measure. by salary do you actually mean salary, or income? The median income, factoring in benefits etc, is roughly 25k, gross. BUT! this is based on those actually paying tax (ie on the taxmans data that is used to calculate this). Housewives etc not included, or young Xavier who has just come back from travelling and doesn't want to work in Mcdonalds.
  3. I don't really understand if this is a political or economic move by the chancellor. I thought he wanted inflation? But more contrarian-to-the-contrarian posting by our resident economic-ignoramus, Realistbear, I see!
  4. When it comes to the markets, you really are ignorant.
  5. Wow! I'm really pleased to see so many (a majority) on here in favour of higher petrol prices. I thought I was a lone dissenting voice. Realbear, you can delete this embarassing thread
  6. I get the same smug feeling when people whine about petrol price increases as when people moan about their house price going down.
  7. Hooray! another sensible do-er rather than whiner. I did just this ^
  8. Again, you don't speak for me. I am investor in "big oil".
  9. Most laughable post I've read in a while here. Why do you assume I as a "HPCer" want lower petrol prices? I want much HIGHER prices for this gloop that I don't buy anyway. Besides, it raises prices elsewhere in the economy creating inflationary pressure - which in turn leads to pressure to increase interest rates, which is ultimately what I want given its implications for house prices.
  10. To be fair, it was actually the weathers fault this time. The figures adjusted for the weather would have been flat.
  11. Independent ones regulary do. You don't sound so cynical when Andrew Sentance talks though?
  12. These 30k figures don't include the land cost though, right? How much would it cost me to buy a patch of land in the suburbs, buy a prefab, sort out the foundation etc, and erect it on my bit of land? I doubt its much cheaper.
  13. Out of interest how is this calculated? This quarters change compared to the same quarter last year? Or from last quarter?
  14. I keep hearing the term "predatory liar loans" on this site and tbh don't know what you mean, so using the term to try and convince Joe Public probably just sounds ranty.
  15. Carswell is a sound libertarian politician. The Plan was a good (short) read, and he has conviction. One of my favourites
  16. The FTSE is an index. Rising now shouldn't be so surprising given that the poor performers in the recession were knocked out of the index, or are recovering from a lower cap. The 100 is currently at 2005 cap.
  17. Non Frog You are confusing economics with the interpretation and analysis of it by economists. Economics tells you what the consequences of an action is, such as raising interest rates and what effect that has on a bunch of other economic variables. In a controlled experiment it IS fact, and your views are laughable. In reality, there are LOADS of these variables in play, all interacting with one another. Modelling the outcome of pulling one of these economic levers is complex, and open to error due to probabilities, and the assumptions used about the strength/influence of some variables on other variables. It is this modelling process that leaves economists wiggle room to make biased assumptions and analysis - so you are right in this respect if thats what you're alluding to. Otherwise my hunch is that you wear a tinfoil hat. [EDIT - I should probably confess that I am an economist...]
  18. IFA's are anything but independent imho. They have incentives to recommend investing in stuff they recieve commission on. But asking strangers on a chatroom has its problems too
  19. I give the BOE the benefit of the doubt most of the time, not being as cycnical as some on here ... but 13 months is a long time to dismiss as short term influence. I could understand if a series of independent price events had bumped up prices every few months for a year. It IS feasible, although unlikely. But now that probability is getting smaller and smaller. How long can this "nah its irrelevant short term events" theory be credible for, in the perception of the masses? Fair enough House Price Crash si first to be sceptical after 6 months or so, then the population's relatively economically-wise get a bit sceptical (I like to think I'm in this group!) after 9-12 months, but what about the remaining majority of normal people? At what point does the man on the street think the monetry policy is a joke? Its becoming ripe material for a comedy sketch tbh. I can imagine Ronnie Corbet walking into a shop to buy various inflated items, with Ronnie Barker informing him of a rediculous reason why the price is so high for each item.
  20. Safest bets are oil and useful metals, probably in a fund or two with risks spread. IMHO DYOR etc
  21. This makes sense. The detached / not detached plit correlates with the "2 markets" theory mentioned on other threads from past months data. The top half of the market has healthier volumes and fewer forced sales, hence the price resilience. Personally I only care about the bottom half / two thirds of the market as thats what I'll be buying when the drops really start.
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