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Gman

Wave 2 Of Credit Crunch Starts This Week.

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The 2nd wave is to start beginning of September onwards and upwards!

More Banks/BS are to demand more deposits for 1st time buyers, just to name a few scenarios.

Unemployment will continue to rise as new figures shock and fuel will increase more and more up to Crimbo.

1st time buyers, you've got no chance, you have had your chance. Just sit tight for when the average house price drops to 80K late next year.

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The 2nd wave is to start beginning of September onwards and upwards!

More Banks/BS are to demand more deposits for 1st time buyers, just to name a few scenarios.

Unemployment will continue to rise as new figures shock and fuel will increase more and more up to Crimbo.

1st time buyers, you've got no chance, you have had your chance. Just sit tight for when the average house price drops to 80K late next year.

A lovely thought but I don't think house prices will drop to 80K by late next year.

The Germans think the next wave of this disaster will take place in Q1 next year.

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Gman a question?

You're listing all these scenario's like happy times.

Do you really wish bad on people?

Please let me give you some happy scenario's of my own.

You lose your job.

You get chucked out of your bedsit.

Your credit rating is shattered and you live miserably ever after on benefits. :lol:

Well - you wish upon the young people of the UK a world in which they can never aspire to home ownership (witness the 'bedsit' comment) - what's the difference?

You truly are a pr@t of the highest order, who comes on here no to present cogent argument but to goad and gloat.

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Gman a question?

You're listing all these scenario's like happy times.

Do you really wish bad on people?

Please let me give you some happy scenario's of my own.

You lose your job.

You get chucked out of your bedsit.

Your credit rating is shattered and you live miserably ever after on benefits. :lol:

Sibbers

You should really sit down and watch the attached

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My prediction for the next leg down is that it will happen at exactly the moment when people stop feverishly predicting it and start resigning themselves to the thought that it won't happen.

Spot on.

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I don't think house prices will fall that low per-se, but its clear that all the inertia re: bailouts and economic stimulus is going to fail sometime soon, creating an all bl**dy mess!

QE will only go so far (though it seems a real risk that they will overshoot massively, potentially exposing us all to hyper-inflation through profound currency weakening). What with rising unemployment, rising national debt, and deflation, well the fundamental forces are going to take over soon.

We haven't seen the end of this by any means yet.

Gman a question?

You're listing all these scenario's like happy times.

Do you really wish bad on people?

Please let me give you some happy scenario's of my own.

You lose your job.

You get chucked out of your bedsit.

Your credit rating is shattered and you live miserably ever after on benefits. :lol:

Can I ask? What proportion of people on here do you think live in a bedsit?

I only ask this as you put it in so many of your posts.

Its nearly as prevalent as "there will be no crash".

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Wave 2 of the collapse is possibly due this autumn, but IMO things will remain remarkably similar to the status quo, and incredibly boring.

I don't think we will have that shtf feeling this autumn. Stock market collapses require run-up months of discontentment and general nervousness about economic conditions (think oil price, Northern Rock and sub prime were needed between 07-08 to galvanize a collapse foundation).

The sheeple are far too brainwashed by consumerism and government controlled mass media, which is telling them all is well and house prices will continue to rise. I can't sensor any worry from other people I know in jobs.

In the meanwhile unemployment will continue to rise rapidly. Young people will find it near impossible to get jobs. Business investment will continue to decrease, and slowly trickle by trickle the economy will follow the path to destruction.

The real second wave- as in the total and utter destruction of the stock market and fiat currencies is probably at least 2-5 years away.

In the mean time bears will be twitching their fingers, but occasionally wallowing in doom when economic figures are released every so often.

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My prediction for the next leg down is that it will happen at exactly the moment when people stop feverishly predicting it and start resigning themselves to the thought that it won't happen.

or maybe it just won't happen.

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or maybe it just won't happen.

thats right, the national debt will be halved tommorrow.

there is a limit to the theory of deficit spending, we are way over it.

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Gman a question?

You're listing all these scenario's like happy times.

Do you really wish bad on people?

I think GMAN is just wishing a return to common sense in which people don't need to take on a crippling debt to find somewhere to live. You on the other hand, seem to wish a life of debt on people. You are not behaving like a very nice person.

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Gman a question?

You're listing all these scenario's like happy times.

Do you really wish bad on people?

Please let me give you some happy scenario's of my own.

You lose your job.

You get chucked out of your bedsit.

Your credit rating is shattered and you live miserably ever after on benefits. :lol:

Wishful thinking Sibs?

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My prediction for the next leg down is that it will happen at exactly the moment when people stop feverishly predicting it and start resigning themselves to the thought that it won't happen.

Exactly - its called the shoe shine syndrome ---- my mates are an excellent mark call - the moment they started talking about doom and gloom i knew we were near the bottom (for now), and i said to them that there talk was an excellent berometer (sic) of the new upturn.

I wait now for them to start telling me the worst is over - then ill know the shoe shine syndrome is calling and new lows are coming.

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I think it's unlikely there will be another crash.

Especially in view of the extraordinary monetary policy of the past 24 months.

The stimulus was designed to catch the knife, which it has.

From here there will be a very long and boring Japanaslide as the public purse unwinds it ridiculous position.

All the entertainment is behind us.

Edited by ?...!

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I think it's unlikely there will be another crash.

Especially in view of the extraordinary monetary policy of the past 24 months.

The stimulus was designed to catch the knife, which it has.

From here there will be a very long and boring Japanaslide as the public purse unwinds it ridiculous position.

All the entertainment is behind us.

If one were really to believe in a Japanaslide and L-shape then one would hope for all the entertainment right ahead of us -

unlike Japana we do not have an unwritten social contract to keep everyone in employment

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Well - you wish upon the young people of the UK a world in which they can never aspire to home ownership (witness the 'bedsit' comment) - what's the difference?

You truly are a pr@t of the highest order, who comes on here no to present cogent argument but to goad and gloat.

+1

He is a troll out to gloat and and send personal insults. Why has he not been booted off the site?? Rarely a constructive comment from him.

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I think it's unlikely there will be another crash.

Especially in view of the extraordinary monetary policy of the past 24 months.

The stimulus was designed to catch the knife, which it has.

From here there will be a very long and boring Japanaslide as the public purse unwinds it ridiculous position.

All the entertainment is behind us.

good call ?...!, but i'm not sure we will share the same Japanese fascination with saving. Which suggests to me the govt. will succeed in getting us to spend at some point so they can eventually crow about having taken the budget back into surplus.

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If one were really to believe in a Japanaslide and L-shape then one would hope for all the entertainment right ahead of us -

unlike Japana we do not have an unwritten social contract to keep everyone in employment

post of the month, right there.

The neoliberal orthodoxy who we vote in every five years aren't programmed to allow neither L-shaped recovery nor full employment.

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thats right, the national debt will be halved tommorrow.

there is a limit to the theory of deficit spending, we are way over it.

what's the limit ? Is it another completely arbitrary figure plucked out of thin air.....or the space between greenspan's ears as it's more commonly known.

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what's the limit ? Is it another completely arbitrary figure plucked out of thin air.....or the space between greenspan's ears as it's more commonly known.

the limit is where the cost is disporportionate to tax take, ie when taxes are falling, adding to the debt is very destabilising.

this is what is happening...the deficits should have been reduced in the good times...they werent.

You cant have half a plan...you have either do it properly or not at all.

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good call ?...!, but i'm not sure we will share the same Japanese fascination with saving. Which suggests to me the govt. will succeed in getting us to spend at some point so they can eventually crow about having taken the budget back into surplus.

Spending our way back to a budgetary surplus?

If this deficit is not contracting dramatically 18 months into a tory government, the UK will be down rated, sterling will take a tumble, and the debt burden will get even heavier.

Get ready for the biggest tax and cut you have ever seen.

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I guess this might not turn Japanese. They didn't have foreign powers holding most of their debt. And the Chinese may have long term geopolitical interests that will trump the value of their dollar holdings. The DPJ are an unknown as well

on the US front, banks are still marking assets to model, the Fed is trying to prevent a full audit and Paulson may end up indicted for lying to Congress

Too many unknowns to rule out another crash IMO

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Spending our way back to a budgetary surplus?

If this deficit is not contracting dramatically 18 months into a tory government, the UK will be down rated, sterling will take a tumble, and the debt burden will get even heavier.

Get ready for the biggest tax and cut you have ever seen.

Huge taxes, culling the public sector, and reducing government spending. How will this not lead to a dramatic crash, and rather a gentle slide?

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