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House Price Crash Forum


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About esspeegee

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    HPC Newbie
  1. Oh I forgot to post here. Long time lurker. Australian. Living in London since 2006. Was on ********************* for years before wandering over here to the British site after that one disappeared. Absolutely not stunned by what happened to the global economy since 2007. Stunned that the efforts to prevent an economic crash have so far been successful, as far as I can see. There's no blood in the streets, metaphorically.
  2. e.g. in boomtime 2004: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ao.DdebHWCdM&refer=europe "Deutsche Bank, which has already slashed more than 14,470 jobs worldwide since 2001, still spends more of the money it earns than companies such as New York-based Citigroup Inc. and Switzerland's UBS AG. Ackermann, 56, has said he plans to eliminate about 800 million euros ($1.06 billion) of costs by the end of next year."
  3. DB fire thousands of people every few years. Nothing new.
  4. http://www.bankofengland.co.uk/monetarypolicy/Pages/qe/default.aspx In the UK, QE buys government debt, allowing the Government to borrow more, cheaper as there's always a buyer in the market (albeit the secondary market).
  5. http://www.ons.gov.uk/ons/rel/cpi/consumer-price-indices/june-2012/stb---consumer-price-indices---june-2012.html#tab-Briefing-on-the-CPI-monthly-movement-between-May-and-June-2012 Hmm, you are correct. Month-on-month deflation.
  6. No, they still increased by 2.4%. The rate of increase (the slope of the graph) is decreasing.
  7. http://www.bbc.co.uk/news/business-18867248
  8. It can't be that. The report says both MoM and YoY London was +5.1%. Yet, while Westminster is 12% YoY, it's only +0.7% MoM.
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