Jump to content
House Price Crash Forum
Sign in to follow this  
baserateisirrelevant

Patrick Hosking In The Times On Saturday

Recommended Posts

This has probably been mentioned elsewhere on here, but what is it with the Times. Not only are they, in my opinion, the worst rampers of the property market, they are also ramping the broader economy.

Hosking detailed "20 reasons to be cheerful".

I don't have time to deconstruct every one of his points, but of particular note:

1. He says the FTSE is a better indicator of UK economic growth than historical GDP. This is bollocs.

2. He applauds the spectatular low interest rates many households now face, ignoring the destruction to those living off savings.

3. He mentions house prices are rising.

4. Foreign investors apparently love UK gilts. I think he is forgetting the banks re-purchase scheme underwriting short end gilt issues.

5. Apparently inflation is a far lesser evil than deflation, and the risk of inflation not deflation is a cause to celebrate.

This guy is a complete moron and the Times should be ashamed of running with this piece.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   288 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

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.