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I really didn't know that before, but big

Land Registry are like Kinder chocolate for the government's spin doctors in the run up to the election - they'll be whatever the govt wants them to be. I wonder if little meetings happened where Labour people said stuff like "if we get back in, your jobs are safe". Pure guesswork from me, but is it so far-fetched? The result is we have a nation employed by the State, more so than ever before I think. No wonder they don't want the Tories, but in the end the country can't afford it.

Got to be balanced, so for the bulls please note in area very near me where there is like 2 houses up for sale of this calibre and this one has fallen through in the past, it's in a great junior (I think it's a junior) school catchment, there's like a choice of 2 in the area sub £300K, so not really a true market, but if it cheers you up... date event 01 February 2010 21:01:53 * Status changed: from 'Available' to 'Sold STC' 22 January 2010 11:10:56 * Brief Description changed: ******* are delighted to offer for sale this much improved and extended chalet whilst maintaining many of its original features. Situated in an elevated and secluded position in the much sought after ********* oooooooooooooooooooooooooooooooooo 0 new properties in that area or the other near to me area in about 10 days, if there was a normal number of homes available even if not repos, well, I think you can fill that blank in for yourself. When's the election, again?

Area near me - quite obvious shortage 01 February 2010 20:35:11 * Brief Description changed: A delightful three bedroom detached family home with garage situated on a corner plot in a popular location. * Price changed: from '£225,000' to 'Offers in Excess of £210,000' B..b.b..but..., prices are going up! 15 December 2009 23:10:28 * Agents Telephone changed: from '08453031306' to '*******' oooooooooooooooooooooooooo South East * FOUR BEDROOM DETACHED HOUSE * * SITUATED ON THE POPULAR ************ DEVELOPMENT * * MODERN KITCHEN * * DOWN STAIRS CLOAKROOM * * FAMILY BATHROOM & EN SUITE * * TWO RECEPTION ROOMS * * GARAGE & DRIVEWAY * * GOOD ACCESS TO MOTORWAY AND LOCAL SHOPS * * CATCHMENT AREA TO POPULAR ******... History date event 01 February 2010 20:40:55 * Price changed: from '£269,995' to 'Offers in Excess of £250,000' But!?!? But the good news for the bulls is I heard a lady in Sainsburys today say to her friend "My son has sold his flat now...[incomprehensible]...the house." So, chin up bovines!

Mr Hutton appeared to be very optimistic about the UK's position. A picture of radiant and smiling happiness, bless! The chap in the States who said the UK is a great country and in the longer term will do well, added that if the UK doesn't get its act together very soon "the IMF will be dusting off their plane tickets to London." I think he's contradicting himself in the same sentence: you're either as happy as Will or you're not, you can't really convince me you believe the UK's future is rosy if you mention the IMF A-Team. So, I'll discount the American's views and just ask: what has hit the Hutton to make him so bullish? Anyone else see that piece on C4, if so then what do you make of it all? TLB

I think your original suggestion suits me best, and likewise.

No, no, no, my dear boy! Whatever gave you that idea?

Take a look at what you wrote, you're the one who waded in with threats to put me on Ignore just because I didn't wish to insult your intelligence by repeating what to me seemed to be the obvious thrust. Nevermind, I apologise for my remark. I fear this govt is too easy to push around by interest groups, it would be interesting to do a case study and see what business influences pushed the Icelandic and Greek govts off the right path. I have a nasty feeling it's weak govt giving in to bigmouth lobbyists from VI groups - for whatever reason, if you get my drift.

How about Kamikaze Cashline?

Well, a number of economists reckon 2% is the new 10% so they say it won't happen for many years. But, looking back at past so-called expert economist predictions, seems the luck of the draw on whose advice you take. If the bond markets go ape, 2% will be reached in a day probably climbing to 5% in weeks and maybe back down to 2% after some months but almost certainly up from there. If they keep control of the situation to some extent, then I concede rates will probably up from here but then remain at 1% or so for some years. Then, of course, they're playing with fire yet again.

They might pause then QE some more. Or secretly as SourMash says. Of course, I hope to be wrong! Probably Injin would like to be wrong too. In case he's indisposed, I'll just add the mandatory sign off for him: Printy printy! (after a little breaky breaky)

Well it wasn't meant to be a grand debate. The message is we have come full circle since March '09. Then, CML said rate cuts are not enough, print you feckers, print! They did. Now we are back to that juncture again. Cue CML...

If you're thick, just put me on ignore, because I'm not here to spoon feed rude berks.

Made in Sunderland by hard-working families.

You need me to tell you what the point is?

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I see! Thanks.

Alas, poor Yoric... I've a faultless history because I'm a tightwad who doesn't spend more than a few hundred each month (if that). Letter from them saying limit reduced as per Condition 11 to less than half, and APR up from 19.9 to 24.9 They were a good issuer, no complaints, good customer services. I guess they've been crunched. I have other cards to use, but will expect similar in the months ahead. TLB

Interesting news, how often does the US raise rates without the BoE feeling similarly obliged?

http://news.sky.com/skynews/Home/World-News/White-House-Projects-Record-US-National-Deficit-Obama-Administration-Announces-Finance-Figures/Article/201001415539361?lpos=World_News_Carousel_Region_2&lid=ARTICLE_15539361_White_House_Projects_Record_US_National_Deficit%3A_Obama_Administration_Announces_Finance_Figures The Obama administration has projected the US national deficit in the current fiscal year at a record $1.6 trillion. http://www.reuters.com/article/idUSTRE60U1PZ20100131 http://dailyreckoning.com/another-record-deficit-for-2010/

Or you could say they (whoever they are) deliberately put Laurel & Hardy in charge of the economy, with a side-order of Harold Lloyd - deliberately to scare the cr*p out of everyone from keeping their money in the bank, with the extra embellished dramatisations of supposedly hush-hush special liquidity schemes revealed accidentally on purpose nudge-nudge wink-wink let's ahem keep it secret begs Mervyn winking, plus a shedload of supposed QE and vicious saver-killing ZIRP to spook a good many into worries of hyperinflation and collapse. Go back a year on this forum, I warned of that too, sarcastically at the time, but may have had some truth to it after all. Add a good dollop of 2008/9 all-night bank rescue meetings well-publicised, BBC newsmen puppetry, real or false rumours of IMF, triple A downgrades - etc. What have you got? Those that can running for the hills to an estate agent with their STR pot. Unsurprisingly! Nominal lows Feb 2009? If so, only because they accidentally or deliberately frightened the buyers out of hiding, not because anything like sensible prices returned. For that we need 40% off from 2007, possibly more. Will we get it? Well, most of the areas I watch are indeed down, despite all the talk to the contrary from the media. This reminds me of the 90s when my mum was selling hers - every time the media said it was in recovery Mum would say "Well no one's even viewing mine, how much more should I slash it?" I laughed at the time, but she was trapped, and frustrated by the media almost mocking people in the real world - for whose sake? ... their VI advertisers probably. TLB