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House Price Crash Forum

Gdp ↓ House Prices ↑ Markets ↑

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Surprising you might say. Some comments I've read blame black magic, witchcraft or insanity.

It's none of the above.

People are focusing on the future and not the past three months news. It's old hat, not interesting. As I've been saying since the summer people have pots and pots of money they've been sitting on while they're waiting to see what happens. Banks have been saying they have a massive positive balance in peoples accounts for months.

All that money will come flooding back into the economy this Christmas as people treat themselves in the pre-Christmas sales just before the 2.5% rise in VAT.

That's why the negative GDP figure has had no impact whatever.

In January it'll be good news all the way to election when the Tories take over and the feelgood factor returns for the summer.

Happy days!

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