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I Told You So

There Goes The £

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£/euro 1.10

£/$ 1.62

reality has dawned in the FX markets, even though the $ is collapsing against the Euro and most other currencies

but according to the BoE and GB deflation is still a big risk, oh please :o

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£/euro 1.10

£/$ 1.62

reality has dawned in the FX markets, even though the $ is collapsing against the Euro and most other currencies

but according to the BoE and GB deflation is still a big risk, oh please :o

Deflation is a HPCers bestest friend in the whole world. Bring it on.

In order to have deflation there will need to be:

1. Massive unemployment preventing people from buying stuff

2. Excess capacity in many industries coupled with unsold supply

3. A financial black hole big enough to absorb all the money they dare print

4. Collapsing bond and savings yields as leading indicators

5. Tight credit

Oo-er.........................

Edited by Realistbear

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£/euro 1.10

£/$ 1.62

reality has dawned in the FX markets, even though the $ is collapsing against the Euro and most other currencies

but according to the BoE and GB deflation is still a big risk, oh please :o

The country is already bankrupt. The truth is being hidden at the moment.

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Guest Parry aka GOD
Deflation is a HPCers bestest friend in the whole world. Bring it on.

In order to have deflation there will need to be:

1. Massive unemployment preventing people from buying stuff

2. Excess capacity in many industries coupled with unsold supply

3. A financial black hole big enough to absorb all the money they dare print

4. Collapsing bond and savings yields as leading indicators

5. Tight credit

Oo-er.........................

Not really.

I can't see affordability improving. Incomes are set to drop considerably. No job, no can buy house, perhaps no can buy beans too.

Be careful what you wish for.

This site is about people who want to buy a home at a reasonable price, yes? Or is it about speculators with cash?

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This site is about people who want to buy a home at a reasonable price, yes? Or is it about speculators with cash?

About 50/50 I'd say. Personally I want to see houses return to fair value (I'm in a house that I own but can see the day when I'll want to move), so people can have a life and a house.

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It going to a mixture of both deflation (Labour/House prices) & inflation (once old stock has gone). If you go on the whore exchange your see they cut their prices 25-33% since last year.

Mike

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This site is about people who want to buy a home at a reasonable price, yes? Or is it about speculators with cash?
About 50/50 I'd say. Personally I want to see houses return to fair value (I'm in a house that I own but can see the day when I'll want to move), so people can have a life and a house.

There are those of us who, by virtue (all our own doing of course) of being a little older, have bought at a reasonable price and would like the same for others.

Treasonable thoughts.

ED: typo

Edited by yellerkat

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There are those of us who, by virtue (all our own doing of course) of being a little older, have bought at a reasonable price and would like the same for others.

Treasonable thoughts.

ED: typo

Well many of your generation will have kids maybe grandkids who you will want to see be able to buy - not all homeowners are self interested individuals who live in a bubble.

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Guest Parry aka GOD
About 50/50 I'd say. Personally I want to see houses return to fair value (I'm in a house that I own but can see the day when I'll want to move), so people can have a life and a house.

+1 That's my take on it.

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Deflation is a HPCers bestest friend in the whole world. Bring it on.

In order to have deflation there will need to be:

1. Massive unemployment preventing people from buying stuff

2. Excess capacity in many industries coupled with unsold supply

3. A financial black hole big enough to absorb all the money they dare print

4. Collapsing bond and savings yields as leading indicators

5. Tight credit

Oo-er.........................

Part 3 is the problem.

GB and Merv will print way beyond where they should for short-term gain, they've made that clear already. How can bank losses outrun a printing press?

Also deflation is only your friend if you have a job.

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At what point do Polish (or other migrant) workers decide that the £160 they're taking home a week, just isn't worth the hassle or the paper it's printed on, and they return home? You see - Gordo meant it when he demanded British jobs for British workers. He just failed to calculate that the jobs would disappear too :(

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