Killer Bunny Posted July 28, 2014 Share Posted July 28, 2014 (edited) Been below 1% line for 30 years. Didn't stop crash in 89-95 or 2008. It's lending that matters, not building. Edited July 28, 2014 by Killer Bunny Quote Link to comment Share on other sites More sharing options...
R K Posted July 29, 2014 Share Posted July 29, 2014 Retweeted by Markit Economics Chris Williamson @WilliamsonChris 47m UK mortgage approvals charted since '94. June saw 1st rise since January but at 67k still well down on pre-crisis ave pic.twitter.com/J6OT8IcIap Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted July 29, 2014 Share Posted July 29, 2014 Rise bigger than mkt expected Quote Link to comment Share on other sites More sharing options...
zugzwang Posted July 29, 2014 Share Posted July 29, 2014 Rise bigger than mkt expected Disappointing. Still below the low of 1995. Quote Link to comment Share on other sites More sharing options...
R K Posted July 31, 2014 Share Posted July 31, 2014 RBS Economic Insight @RBS_Economics 19m At its peak in 2008, household loans exceed their deposits by £300 billion pic.twitter.com/NmMU2yZC9k Quote Link to comment Share on other sites More sharing options...
billybong Posted August 2, 2014 Share Posted August 2, 2014 Finance needs to lose another 80% or so, before we can start to have a normal economy. It looks as though the "recovery" is mostly in sectors reliant on public spending. That's the magic of osbornish "austerity". and osbornish/cameronish/cleggish/cableish rebalancing. Quote Link to comment Share on other sites More sharing options...
Bland Unsight Posted August 4, 2014 Share Posted August 4, 2014 Quote Link to comment Share on other sites More sharing options...
Bland Unsight Posted August 4, 2014 Share Posted August 4, 2014 From a Blanchfower/Machin essay Spring 2014 Quote Link to comment Share on other sites More sharing options...
Bland Unsight Posted August 7, 2014 Share Posted August 7, 2014 I presume the difference was due to MBS packaged up and sold to o'seas investors who then ran for the hills? The gap was filled with qe and a catastrophic devaluation that harked back to an earlier era when we competed internationally on price. We failed to sell more as a result of that but our imports suddenly cost more. I love it when a plan comes together. Quote Link to comment Share on other sites More sharing options...
Bland Unsight Posted August 7, 2014 Share Posted August 7, 2014 Source: Telegraph - Bank of England keeps interest rates on hold at 0.5pc for 65th month Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted August 9, 2014 Share Posted August 9, 2014 (edited) http://www.zerohedge.com/news/2014-08-09/when-money-runs-out-so-does-empire Edited August 9, 2014 by interestrateripoff Quote Link to comment Share on other sites More sharing options...
zugzwang Posted August 17, 2014 Share Posted August 17, 2014 US consumer sentiment continues its long fall. Quote Link to comment Share on other sites More sharing options...
Errol Posted September 8, 2014 Share Posted September 8, 2014 All you need to know in one chart: Quote Link to comment Share on other sites More sharing options...
Silverfinger Posted September 11, 2014 Share Posted September 11, 2014 If US money velocity went (only!) back to its mean (since 1959 only!), prices would almost have to double keeping everything else the same. It's backed into the cake! http://gold.approximity.com/since1959/US_Money_Velocity_LOG.html Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted September 22, 2014 Share Posted September 22, 2014 http://www.zerohedge.com/news/2014-09-21/chart-day-150-years-global-monetary-policy While everyone debates if the Fed will, once again, be wrong in its forecasts about a rate hike cycle starting some time in mid-2015 (spoiler alert: it will be), we decided to take a look in the other direction. The chart below shows the key global events that have influenced monetary policy for the 4 major legacy central banks: the US, UK, Germany and Japan since the mid-19th century. Because if there is one thing to "learn" from the history of monetary policy it is that there is nothing to learn from the history of monetary policy: after all, "this time is always different" when the voodoo priests in charge of it all try to make a bubble-blowing, kneejerk-response "science" out of something that only a mother could call art. Source: Goldman Quote Link to comment Share on other sites More sharing options...
R K Posted September 30, 2014 Share Posted September 30, 2014 Bond Vigilantes @bondvigilantes 10m10 minutes ago UK’s current account deficit is still awful, history suggests sterling is therefore very vulnerable Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted September 30, 2014 Share Posted September 30, 2014 Bond Vigilantes @bondvigilantes 10m10 minutes ago UKs current account deficit is still awful, history suggests sterling is therefore very vulnerable Also look like being precursors to better than very recent time to buy a house... Quote Link to comment Share on other sites More sharing options...
Northerner Posted September 30, 2014 Share Posted September 30, 2014 At last ... Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted September 30, 2014 Share Posted September 30, 2014 At last ... Those analysts must have trained at the Bank of England School for Fan Charts. Quote Link to comment Share on other sites More sharing options...
R K Posted October 14, 2014 Share Posted October 14, 2014 RBS Economic Insight @RBS_Economics 5m5 minutes ago UK real house price change since end 2007 similar to international average. If only I'd bought that place in Israel. Quote Link to comment Share on other sites More sharing options...
R K Posted October 15, 2014 Share Posted October 15, 2014 RBS Economic Insight @RBS_Economics 58m58 minutes ago UK regional labour market: the unemployment rate in the N. East is twice as high as it is in the S. West Problem of 1 size fits all interest rate. SE overheating, NE stagnating Need tightening in SE, more accomodation in NE Quote Link to comment Share on other sites More sharing options...
Dorkins Posted October 26, 2014 Share Posted October 26, 2014 Let's try and be quantitative about it: It looks like the age 40 home ownership rate among the 1973-77 cohort will top out at 60% and the 1978-82 cohort is heading for 50%. The age 40 home ownership rate among the 1983-1987 babies could easily top out below 40%. People born from 1993 onwards are on the new tuition fee scheme which sees them leaving university with £40-50k of student debt. They are also walking into starting salaries in the low £20k range, the sort of nominal earnings that a 1990s graduate might have expected. The 1973-77 cohort was the first one to start experiencing a collapse in home ownership rates, implying that many in this cohort are struggling for housing themselves and will not be able to BOMAD their offspring into home ownership. The children of this cohort were mostly born around 2000-2010. 1980s babies are not just Boomers on a time delay, their chances of owning a home at some point in their lives are probably permanently lower by 30 or 40 percentage points. 1990s and 2000s babies could have it even worse than 1980s babies because they will be carrying bigger student debts and their parents are poorer than Boomers so cannot afford to BOMAD their offspring into home ownership. Home ownership rates are likely to collapse to well below 50%, and with it political support for HPI. Quote Link to comment Share on other sites More sharing options...
R K Posted November 3, 2014 Share Posted November 3, 2014 (edited) A Evans-Pritchard @AmbroseEP 30m30 minutes ago UK house prices ex-London. Still down. Is no bubble. Biggest phony story of this cycle. From London Central Portfolio A Evans-Pritchard @AmbroseEP 15m15 minutes ago To clarify. These figures from Land Registry nominal. The real fall in UK house prices (ex-London) since peak is 31pc Edited November 3, 2014 by R K Quote Link to comment Share on other sites More sharing options...
R K Posted November 4, 2014 Share Posted November 4, 2014 Tomas Hirst @tomashirstecon 12m12 minutes ago This Chart Shows Why The Bank Of England Won't Raise Rates Any Time Soon — wage growth is low: http://www.businessinsider.com/the-bank-of-england-wont-raise-interest-rates-2014-11 … Quote Link to comment Share on other sites More sharing options...
ElPapasito Posted November 4, 2014 Share Posted November 4, 2014 Tomas Hirst @tomashirstecon 12m12 minutes ago This Chart Shows Why The Bank Of England Won't Raise Rates Any Time Soon — wage growth is low: http://www.businessinsider.com/the-bank-of-england-wont-raise-interest-rates-2014-11 … Now that IS and interesting graph. in the 2008 crisis when the dots go orange it took just 14 mths to go from the top end of the blue zone to reach the orange zone. Now the orange line is breaking out back towards blue. I would say wage growth will be exceeding 3% within 6 months. Sorry to say Gidiot may have bumbled his way into an election winning strategy. The A-hole may get a clear majority on the back of an end to wage stagnation, but then oversee the great implosion as interest rate rises become necessary and the legions of over-leveraged debt monkeys lose their shirts. Quote Link to comment Share on other sites More sharing options...
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