Jump to content
House Price Crash Forum

ebob

Members
  • Content Count

    153
  • Joined

  • Last visited

About ebob

  • Rank
    HPC Poster
  1. Isn't The buyer is the guy that backed the Candy Brothers. The so called Emir of Qatar. These Arabs never really buy, this is just a marketing trick to give the impression there is some demand. Didn't such an Arab buy stock in one of those Icelandic banks that caused so much havoc in Iceland. It transpired that the Icelandic bank loaned those same Arab investors the money to buy the stock, then forgave the loan. In any other environment this practice is known as fraud. Folks I would be suspicious of what one reads!
  2. 'F*CK OFF FITCH' Hear Hear Is it still safe for rating agencies to espouse their poison. If so, folks just loadup your AK47's. These criminals were paid by the banksters to sell junk to the world. How dare they now ruin more people's lives. Switzerland is not beyond the reach of socialist asassins's you know!
  3. The Federal Reserve investigate GS? GS is one of the owners of the private institution known as the Federal Reserve http://www.save-a-patriot.org/files/view/whofed.html People, you all know nothing will happen. Now go back to being the serfs that you always have been. To think, you actually thought you were free because you get to vote at a general election every 4 year. Fools.
  4. RealisticBear You have quoted the theory. I agree with the theory. The reality may transpire to be different. Governments should have been hammered for QE. They got away with it for a while. Will they continue to get away with it? Possibly, as they could launch a war to get the dumb electorate to rally behind them; they always do; They could 'permit' another terrorist attack on UK ground; perhaps a more vicious one. The US could experience another '9/11', whoever flew the planes. This way the could introduce some sort of military law. Anything could happen in these extreme times. So I am less sure about conventional practice, let alone conventional economic rules. Let's see what actually happens.
  5. The silliest are those that cannot see the reality of the 'make believe economics'. They are here now. The incumbent government has been practicing 'make believe economics' since it won power. In this rigged game the house ALWAYS wins. Look at the 'make believe economics' of using central banks (mostly an extension of the government) socialising bankers losses. I too once believed that HPI would reverse but now fear that barring some sort of miracle or divine intervention etc; HPI will continue to be rigged upwards. And after five years of passive involvement on this site, I believe that an area like SE England (inc London), will generally trend upwards in line with real inflation. In the absence of HPI, the government will not be able to inflate aways its debts; which in time would lead bankruptcy with ensuing chaos and civil unrest. I think areas outside SE England will experience real house price losses, due to the absence of real jobs that enable stupid multiples supporting ludicrously high house prices.
  6. Pablo, the UK government financially depends upon HPI. They will do all they can to maintain HPI, many on this board have underestimated the extent to which government will go to rig the game. I have been lurking here for circa five years and have seen house prices constantly increase NOT fall in London and the South East. Quoting economic models now becomes irrelevant. Many economic, financial and common sense models have been breached. One should consider the recent bailout for what it is. The poor bailing out the rich. Once upon a time there were riots in the street as the government tried to introduce a poll tax. But this recent 'banker tax' passed without incident. So the moral of the story is that the government can rig the game, knowing they can get away with it. Keep Smiling. Ebob
  7. Candidly, I do have a degree. Also want to do a PhD in due course. I have two kids to educate in the meantime, so they take priority. The benefit of a degree is that it does allow you to look better on paper (all other things being equal) creating opportunity when there perhaps was little. As a VP of a large software company, I am in the process of hiring quality British engineers. I insist they are British (an implicit appreciation of British culture), rather than other english speaking nations such as Australia, NZ, or American. It is a struggle. The one that is most favourable has the experience (as do other cadidates), but he also has the academic background too. I am not implying candidates from other English speaking countries are unsuitable to work in this space, but the problem I need to address can be done so using a suitably qualified Brit.
  8. Incompetant, unemployable, benefit frauds masquarading as MPs (Labour, as they are in power and have ruined this country) They are now on suicide watch. Why is this bad news?
  9. Yes they are in awe of bankers, as that profession does even less than politcians. Quite an achievement. Expect nothing from this government, except incompetence, lies and more lies, whilst enriching themselves in a manner that would embarrass a developing world country.
  10. Well perhaps you are not very bright. If some of the big technology corporations in the UK's Thames Valley Corridor cannot recruit key sales/technical staff. The manufacturers may consider moving thier divisions to other places in Europe where those staff are available (ie have not been hounded away by their respective governments) Many of these managers are critical to generating revenues which in turn employ people (obviously not you), who then feed their familiies and of course now increasingly tax-wise feed the bloated state.
  11. Well perhaps you are not very bright. If some of the big technology corporations in the UK's Thames Valley Corridor cannot recruit key sales/technical staff. The manufacturers may consider moving thier divisions to other places in Europe where those staff are available (ie have not been hounded away by their respective governments) Many of these managers are critical to generating revenues which in turn employ people (obviously not you), who then feed their familiies and of course now increasingly tax-wise feed the bloted state.
  12. Are you kidding. Is this the same New Labour that drooled over the non-tax paying billionaires that lived in London. Peter Mandelson, Big Yachts, Dodgy Russian Billionaires and the odd Rothschild here and there. Our incumbent idiots must raise taxes on normal working people to pay for their socialist crimes, second houses, expenses, plugholes, adult movies, tissues... etc It will be us that pay. Rich people never pay the lion's share. Just us. Still we deserve to be pillaged by these unemployable people, who conned thier way into government. So folks, shutup and putup.
  13. People earning £150K+, as anyone else are likely to be spending upo to their limit. Thi swill cause pain. They will then cut personal expenditure elsewhere, depriving the economy of yet more money. This process will be repeated across most salary brackets. Well done Gordon Brown. You only have another year or so to roger this country even more, then you and your benefit fraudster MPS will be out of pwer for another 20 years you useless idiots. Keep Smiling
  14. Candidly, we will get our hands on those nukes at any cost! US foreign policy is in the hands of the 'establishment'. It matters not a jot who is the President. Unfortunately, this will not be as easy as the Yanks make out. After all their own military adventures have not been entirely successful, ever. We will probably turn Pakistan into an even bigger basket case than it is now. Most of the disposessed will end up here, as they always do. The majority that do not get out in time will be caught in th inevitable war, causing anger wherever muslims are. That is when the blowback occurs and we will probably get some bearded savage blowing up London again and probably again.
  15. DB, Thankyou for taking the time to post a balanced, informative and accurate piece.
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.