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GrillsBears

Reflating Bubbles With Insanity

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Without being a doom meister I'm concerned that the one eyed man and his cabal of idiots are rapidly sawing off the branch on which we're all sitting.

Is it possible to reflate the housing bubble? Without giving the loons too many ideas can anyone make a case for reflation and outline the consequences.

Here's mine.

Nationalise the banks (done)

Lend silly multiples at bugger all interest (see tomorrow)

Announce QE and damn the consequences (Probably in two weeks)

Results

HPI starts again immediately

Consequences

Sterling bought as toilet paper by rest of the world as it will be cheaper than Andrex. Native Brits can't afford anything not built in blighty... which anything. Zimbabwe here we come.

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Except whatever they do unemployment will still keep rocketing.

Even if they manage to stop all repossesions (unlikely) people are constantly dying, offloading property for various reasons.

Any attempt to stop the housing crash will prove futile.

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It's ok, don't get nervous!

The house price boom could have been controlled but it wasn't and now it's too late. Whatever economic policies are followed now, prices are going to crash and keep crashing. The big banks are all insolvent - they have no more money to lend out. Government borrowing is already at it's limit - there's no way they'll be able to borrow the additional hundreds of billions needed to keep prices at their inflated level.

In short, there is no more money for big mortage loans coming from anywhere. The party is decisively over.

And without stupidly huge loans, you don't get stupidly large house prices. You get nice, reasonable ones!

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Guest X-QUORK

The former Barclays boss, didn't catch his name, was on R4 this morning stating that the government likes to think there's a silver bullet to save the economy. In fact there is nothing they can do, other than prevent another bank failure. He said that we might head into a full blown depression if world markets become protectionist.

Things have gone too far for mental Brit consumers to save the day.

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The former Barclays boss, didn't catch his name, was on R4 this morning stating that the government likes to think there's a silver bullet to save the economy. In fact there is nothing they can do, other than prevent another bank failure. He said that we might head into a full blown depression if world markets become protectionist.

Things have gone too far for mental Brit consumers to save the day.

Buy Buy Buy for Victory :lol::lol::lol:

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  • 285 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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