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Realistbear

Gloom Spreading As Business Index Down For 4Th Consecutive Quarter

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http://www.guardian.co.uk/business/2011/feb/21/household-finances-markit-index

Gloom over household finances dents recovery hopesThe Markit household finance index fell this month to its lowest level since March 2009 as business confidence declined for the fourth consecutive quarter
Tim Moore, senior economist at Markit, said: "Heightened pessimism among households threatens to subdue economic activity in early 2011 as rising job insecurity and worries about the financial outlook curtail consumer spending.
He said an unhealthy combination of high inflation and job worries caused households to report that their financial outlook has slumped back to the levels seen during the worst part of the recession.
"With the pendulum swinging towards deeper government spending cuts, there are signs that people initially insulated from the downturn are now feeling the most strain.

It may take another couple of quarters before it spills over into the housing sector when we will start to see the whole number MoM drops. Until jobs are lost or IR rise sellers can afford to sit it out.

Edited by Realistbear

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http://www.guardian.co.uk/business/2011/feb/21/household-finances-markit-index

Gloom over household finances dents recovery hopesThe Markit household finance index fell this month to its lowest level since March 2009 as business confidence declined for the fourth consecutive quarter
Tim Moore, senior economist at Markit, said: "Heightened pessimism among households threatens to subdue economic activity in early 2011 as rising job insecurity and worries about the financial outlook curtail consumer spending.
He said an unhealthy combination of high inflation and job worries caused households to report that their financial outlook has slumped back to the levels seen during the worst part of the recession.
"With the pendulum swinging towards deeper government spending cuts, there are signs that people initially insulated from the downturn are now feeling the most strain.

It may take another couple of quarters before it spills over into the housing sector when we will start to see the whole number MoM drops. Until jobs are lost or IR rise sellers can afford to sit it out.

Let's hope that all this doom and gloom in the mainstream media doesn't spill over into those at the end of their purchasing life deciding to get out whle they still can, at the same time that FTB's cannot or don't want to, get in. Even without IR increases or unemployment increases, that might be a recipe for a quicker crash.

So thanks goodness it isn't happening.

Thank goodness we have the Sibley's of this world to keep the faith for us.

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  • 312 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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