kilroy

um...

unfortunately it was on the same time as eastenders....

in which case it is time to sell gold and buy tinfoil

unfortunately i suspect the savings rate will too :angry:

yep, looks like 3.7x single or 2.9 joint and have you seen the rates? looks like 20% of the mortgage market quite literally just disappeared.

makes pounds? nice one. by what mechanism are pounds made?

of course it was. fits the bill perfectly. I too am grateful to have not had the opportunity to short the shares before they were suspended. I could have protected myself real good with the money I would have gotten from the short by buying gold.

6) Check LTV on all BTL transaction and call in margin to get LTV to required documented levels 7) pool and sell any mortgages with LTV > 85% as think 15% drop in prices is the worst case scenario 8) repeat 7) in 5% LTV increments down to 50%

just sack her citing that it is for her own good. do you really want someone that stupid as your seccie anyway?

better buy gold, eh? Where exactly is this money being physically added? I see no transmission mechanism for this money to get into circulation. I see money rotating out of stocks and other risky assets into commodities, but not any being added (at least via conventional routes)

also soaring in relation gold, but admittedly more against fiat currency at the moment

what are the mechanics of a "hyperinflationary depression"?

Can you let old Jim know that I am not a geek, thanks.

I waited for a house with a garage. Shipping containers cost about GBP1300 (or did last summer).

I work in exotic credit derivatives and just don't see the printing, but see balance sheets getting decimated. Price inflation clearly exists, but in commodities seems to be a structural change in demand and supply as opposed to printing presses being run 24/7.

I think one guy pointed at M1 which is clearly incorrect. I believe we are heading for deflation but would never consider using M1 as an indicator so would appreciate if you could exclude me from that group of deflationistas that think that falling M1 equals deflation. thanks

So the flood of properties coming on from people who can't service debt will not cause prices to drop? Why will people who own outright gain? Are you suggesting house prices will continue to rise under a high IR environment?

Hahaha, I would like to see what Darling gets paid. Something tells me he would fail the "next door neighbour" test (but he was set up by his next door neighbour!)

but they buy at 15-20% below market value, so will hit LR figures at some point

but they buy at 15-20% below market value, so will hit LR figures at some point

the 20% was a penalty rate on the auction rate security (ARS, funnily enough). Basically these auctions are held every week. bimonthly or monthly to give the holders the opportunity to sell. If there are no buyers then the generally one of the big banks steps in to provide liquidity. However, the banks are not providing this liquidity backstop anymore as they can't/do not want to expand their balance sheets. As a result the auction "fails" and the issuer has to pay the bag, er bondholder the penalty rate until the next auction/ these penalty rates are normally 10-25% annualised.

Some people don't want education. It's called "pushing on a string"; I am sure you are aware of who coined the term and why. We are not blind, we can see that prices are rising. I see monetary deflation which I believe will lead to price deflation. Until I see otherwise I do not need to change my view

we are all dead in a 100 years. Does anything count?

are there any sterling paperbugs on here? As mentioned previously, M3 is taking into consideration money which has in effect been lent years ago by not aadjusting for positions that are now coming back onto bank balance sheet (like Whistlejacket from Standard Chartered etc). If you could let shadowstats know, that would be great, thanks.

people have mistaken the graph on page 16 of the attached link as inflationary? FED report on open market operations