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Ft's Hidden View On Housing Market (Antidote To Usual Vi Spin!)

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From FT Alphaville (http://ftalphaville.ft.com/) no registration required.

Brilliant one liner to finish with on the alphaville team's view of the Guardian's view of the housing market :lol:

"UK GDP, livin’ in the moment

Posted by Joseph Cotterill on Aug 27 10:06.

Again with the outperforming UK second-quarter GDP numbers.

The Office for National Statistics revised last month’s already shockingly good data upward on Friday.

From the ONS release:

GDP increased by 1.2 per cent in the second quarter of 2010, More…

Again with the outperforming UK second-quarter GDP numbers.

The Office for National Statistics revised last month’s already shockingly good data upward on Friday.

From the ONS release:

GDP increased by 1.2 per cent in the second quarter of 2010, revised up from 1.1 per cent. GDP in the second quarter of 2010 is now 1.7 per cent higher than the second quarter of 2009.

Output of the production industries remained unrevised at 1.0 per cent in the latest quarter. Within production, manufacturing output increased by 1.6 per cent, but utilities output fell by 1.0 per cent, and mining and quarrying output fell by 0.4 per cent.

Construction output rose by 8.5 per cent, revised up from 6.6 per cent in the previous estimate.

But do note that last point about construction output driving this revision, before you go out and toast the UK economy’s good health (quarter-on-quarter growth was the strongest since 2001’s first quarter, according to Reuters).

As we noted at the time of the initial Q2 GDP numbers — the construction industry will be particularly vulnerable to the public spending cuts to come under the coalition government’s love affair with fiscal austerity. This ain’t going to last, we’re afraid.

Then again, UK retail sales have been looking pretty good recently as well. Philip Inman in the Guardian reckons this is because the property market remains — compared to Ireland, Spain, or the US — rather robust.

For now."

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The Guardian is insane if it thinks that.

Having the money supply expanding at three of four times the rate of wages didnt work then, its not going to work now.

The 'greater fools' keeping the market afloat atm arent infinite in numbers.

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The Guardian is insane if it thinks that.

Having the money supply expanding at three of four times the rate of wages didnt work then, its not going to work now.

The 'greater fools' keeping the market afloat atm arent infinite in numbers.

Printing money means there's more to spend, so the economy grows - we're rich.

Let's all do it, so we can all be rich! B)

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  • 244 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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