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Nicholas Cage

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Everything posted by Nicholas Cage

  1. Nationwide building society seem to be ok, just complaining about paying increased cash to the bailout fund. No RMBS problems in america, massive cash buffer .
  2. Mega, could you cut back o the new topics, mostly a link with no explanation and nothing else.
  3. I used to like him, but his comments about not being at fault, nobody able to predict it and the constant failing of the their own inflation predictions has turned me off him. The attitude is too relaxed, like a man advising the house is on fire but probably nobody is home so it's not a big deal. Plus the constant " lessons learned" which he was doing back in 2005,06,07,08,09 , there is a limit to referring to your own mistakes while offering at the same time a calm vision of the future. Still he does give it 20 years until the next peak. Perhaps he is just making the same mistake he's made before, overplaying the stability and glossing over the collapse of the UK.
  4. 1-3 years you say. Unlikely to happen, GM and Ford are too big to fail. The hedge funds will have covered themselves which is the point of hedging so derivatives are safe anyway. The debt is highly rated and the share price is only going to go up.
  5. Recession proof in America, not so much over here I thought.
  6. Yes there is a chance it will work, there is also a chance it will make things worse and a chance it will do nothing at all. The odds seem to be it will make things worse, or stretch out the depression.
  7. look4property is a better domain name, I already used it by mistake. They also run http://www.instructtheagent.com/ on the same server.
  8. I'm looking at an 02 BMW 330i Sport in black , leather, fully loaded this afternoon for under 5k or about the same as a good ford focus second hand but with much higher mileage. Someone not into cars (I was boring about the great deals), feared getting keyed, or aggro from people thinking they were rich. Might be getting one this afternoon so preparing to be ignored at junctions, forced into verges or set on fire. The herd has moved on now the boom is over, now pretend poor is chique with a 30K golf hatchback
  9. Everything but the mini sector collapsed, ask http://www.smmt.co.uk and look at their data. Hummer is up 200% in Feb YoY with 19 sold compared to 5 Aston Martin up 70% 30 sold compared to 17 (Ford is down -12.25% YoY, -18.46% YTD)
  10. Leaving aside "everyone" , you can still buy a new Ford for the old price, dealers are offering 6K off the mondeo and 2K off the fiesta already which will be on 09 plates. Just that people were not buying them, and are still not buying them, car sales are down.
  11. For regulatory purposes within that country a goverment will always count it's debt as zero risk for capital adequacy. Ratings agencies can rate it whatever they want.
  12. We should be paying more, the only thing that matters is supporting the banks assets.
  13. I was thinking of BTL but if you are living there nothing is required. Apart from code and blight violations. The thought of a British enclave in detroit is appealing though, mostly Iraqis who take the plunge so far.
  14. Looks good, does the buyer have to provide a certificate?
  15. God Damn, I thought this was about 1986 Italo Disco Eurodisco "Monkey Monkey" by Flo Astaire making a comeback
  16. I'm just glad housing sales haven't dropped to the lowest since 1978, that way Foxtons, who sell houses, will not have any trouble.
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