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Sinking Feeling

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Posts posted by Sinking Feeling

  1. They always seemed like the worlds worst negotiators - usually conversations went like this:

    PHIL: So you've looked around three houses, which one have you decided to go for?

    SUCKERS: Well we really like the cottage in Aylesbury. So we'd like to put in an offer at £15,000 below asking price.

    PHIL: OK I'll ring the agent.

    Phil picks up mobile and rings the agent

    PHIL: Hi Steve, I'm with the couple now and they love the property and are really, really desperate to buy it and would chew off their arms and legs to have it........but they want to offer below asking price.

    Here's a tip Phil - sometimes indifference can be the greatest tool in the negotiators box!

  2. This claim was quoted by the reporter on a feature about this idea of charging pensioners a £20,000 lump sum.

    What evidence is there that a quarter of children born today can expect to live to 100?

    I know that life expectancy has increased, but that is because of better medicine and better living conditions.

    There is no evidence that the natural lifespan of healthy humans has changed since pre-Roman times, so it's not about to change suddenly now. The only centenarian I've ever known personally was a woman who lived to 103, although I knew her when she was in her 80s and thought she was very old then!

    Or join the army and die and 18 fighting a campaign to line the pockets of the rich!

  3. History shows us that at times at times of economic instability it is good to find a scapegoat - the weather and disease are usually top of the list.

    So for example if you were expecting a period of bad economic news. you could find a generally insignificant virus and blow its effects out of all proportions, then worry people some more with tales of bad weather and ruined harvests. At least that's what they used to do in centuries past!

  4. ?

    You mean before base rates impact a basket of goods index?

    What portion of QE will pass through the tills at Tesco?

    Will it be exactly the same percentage as pre crunch M0 or M4?

    If not then what relevance has CPI or RPI?

    The basket of goods method is arcane.

    A truer method for gauging inflation / deflation would be to calculate global capitalization and calculate the propensity to borrow against that capitalization.

    The result is indisputably a deflationary monetary landscape.

    QE is a means of diffusing the deflation / inflation debate casting the illusion of price stability and keeping power from mobs on the street. Nobody needs anarchy other than those at Her Majesties pleasure.

    Clearly I am the only one who has seen my petrol pump price rise recently along with all the items I buy in shops - admittedly increases seem to have eased somewhat over the last 2 months but I certainly expect inflation to really take off in a significant way towards the end of the year.

    There is NO evidence of deflation whatsoever in retail prices!

  5. The accepted rule of thumb is that changes in interest rates take approximately 18 months to work through the system, so it will be August this year before we see the results of the 0.5 cut in February last year.

    We then still have to feel the effects of 4.75% interest rate cuts and then the effects of QE will kick in sometime mid 2010!

    It's a bit like pouring water down a mountain with your mate standing at the coast complaining that he can't see the water when you pour it, so you add more, and then some more..........and some more again until it arrives in one powerful torrent flooding the coastline!

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