The Masked Tulip Posted April 27, 2011 Share Posted April 27, 2011 ...if we are still in a housing bubble... and Esler says that the housing market is driving interest rates rather than interest rates driving the housing market... Quote Link to comment Share on other sites More sharing options...
FIGGY Posted April 27, 2011 Share Posted April 27, 2011 Not sure what point it will be on iplay but it came up at 10:40pm ish when watching live Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 27, 2011 Author Share Posted April 27, 2011 ...and now a couple of business people saying they are very worried about where the economy is going... Quote Link to comment Share on other sites More sharing options...
pandabear Posted April 27, 2011 Share Posted April 27, 2011 ...and now a couple of business people saying they are very worried about where the economy is going... Did i miss Vince? Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 27, 2011 Author Share Posted April 27, 2011 Ooh, Gavin Esler pushing the housing bubble question... Quote Link to comment Share on other sites More sharing options...
FedupTeddiBear Posted April 27, 2011 Share Posted April 27, 2011 Not sure what point it will be on iplay but it came up at 10:40pm ish when watching live ...Well? Quote Link to comment Share on other sites More sharing options...
ccc Posted April 27, 2011 Share Posted April 27, 2011 Ex Labour stooge stating that some 'experts' think UK house prices have to drop 40% to get to long term affordable levels. Funny I never heard much of that when they were in power. Quote Link to comment Share on other sites More sharing options...
catmandu Posted April 27, 2011 Share Posted April 27, 2011 It's a good question! Now if only someone would tell us what the answer was...actually, I can pretty much guess. Quote Link to comment Share on other sites More sharing options...
exiges Posted April 27, 2011 Share Posted April 27, 2011 Talks of 40% drops and how it's all a ponzi scheme.. I can't believe the BBC producer didn't screen that before it went out Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 27, 2011 Author Share Posted April 27, 2011 Did they really mention 40%???? Am I dreaming to hear that question asked on a BBC News programme? Quote Link to comment Share on other sites More sharing options...
ccc Posted April 27, 2011 Share Posted April 27, 2011 Did they really mention 40%???? Am I dreaming to hear that question asked on a BBC News programme? Almost 11pm on Newsnight. There is a reason this sort of chat is never heard on the News at 6. Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted April 27, 2011 Share Posted April 27, 2011 Who made the 40% comment? Quote Link to comment Share on other sites More sharing options...
pezo Posted April 27, 2011 Share Posted April 27, 2011 Watching this with the misses and she said "so there really is was a property bubble?". I swear some people only believe stuff once its been aired by the BBC or is at least on TV. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted April 27, 2011 Share Posted April 27, 2011 BBC stating the obvious, won`t be long now. the sheeple must know the game is up? Quote Link to comment Share on other sites More sharing options...
Priced_Out_GenXer Posted April 27, 2011 Share Posted April 27, 2011 (edited) It's a good question! Now if only someone would tell us what the answer was...actually, I can pretty much guess. He evaded, or rather, just flat out refused to answer a direct question about the possibility of a correction in the housing market. He said something about not wanting to make 'predictions'. He admitted there had been a housing bubble but referred to it in past tense, the interviewer jumped in and pointed out that we're still in the housing bubble and that there hadn't been a correction (or words to that effect) and made reference to a recent article in The Economist. Cable then made a very weak and vague statement about there being some deflation in the housing market. The panel debate that followed the interview was very interesting. I'm not familiar with the panel members but I think it was an economist, an ex CEO of Asda and a Lord (??) so far as I could tell they were all non-partisan but all very bearish. When answering a question specifically about the housing market the Lord pointed out that the OECD rate the UK property market as 40% overvalued. Edited April 27, 2011 by monstermunch Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted April 27, 2011 Share Posted April 27, 2011 He evaded, or rather, just flat out refused to answer a direct question about the possibility of a correction in the housing market. He admitted there had been a housing bubble but referred to it in past tense, the interviewer jumped in at this pointed out that we're still in the housing bubble and that there hadn't been a correction (or words to that effect). Cable then made a very weak and vague statement about there being some deflation in the housing market. The panel debate that followed the interview was very interesting. I'm not familiar with the panel members but I think it was an economist, an ex CEO of Asda and a Lord (??) so far as I could tell they were all quite non-partisan but all very bearish. When answering a question specifically about the housing market the Lord pointed out that the OECD rate the UK property market as 40% overvalued. The VI`s are starting to panic, sheeple have believed too hard, they really are holding out, they want their house to be worth "lots", they won`t allow the market to move, this is now pissing into other parts of the economy, and f*ucking things up for vi`s who sold property four years ago. Quote Link to comment Share on other sites More sharing options...
crash2006 Posted April 27, 2011 Share Posted April 27, 2011 The VI`s are starting to panic, sheeple have believed too hard, they really are holding out, they want their house to be worth "lots", they won`t allow the market to move, this is now pissing into other parts of the economy, and f*ucking things up for vi`s who sold property four years ago. Availability: Sorry, this programme is not available to watch again. cant seem to watch it. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted April 27, 2011 Share Posted April 27, 2011 Availability: Sorry, this programme is not available to watch again. cant seem to watch it. trickle the news out, don`t want too big a stampede, but they want sheeple who bought a long time ago to be less greedy so new sheeple can get some debt. Quote Link to comment Share on other sites More sharing options...
Steagle Colbeagle Posted April 28, 2011 Share Posted April 28, 2011 Labour stooge Myners stating that paying down the debt was some type of Ponzi scheme was sickeningly ironic. Quote Link to comment Share on other sites More sharing options...
timebandit Posted April 28, 2011 Share Posted April 28, 2011 The link up on IPLAYER Starts around 6 mins. Quote Link to comment Share on other sites More sharing options...
Stay Beautiful Posted April 28, 2011 Share Posted April 28, 2011 Watching this with the misses and she said "so there really is was a property bubble?". I swear some people only believe stuff once its been aired by the BBC or is at least on TV. Very, very true. Quote Link to comment Share on other sites More sharing options...
FIGGY Posted April 28, 2011 Share Posted April 28, 2011 Here you go http://www.bbc.co.uk/iplayer/episode/b010v8gn/Newsnight_27_04_2011/ Starts at about 6mn in witht he 40% bit coming it at 12min onwards Quote Link to comment Share on other sites More sharing options...
dpg50000 Posted April 28, 2011 Share Posted April 28, 2011 The way Cable talks about he housing bubble in the past tense sickens me. Clearly, these people (MP's) have never had to struggle for anything. Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted April 28, 2011 Share Posted April 28, 2011 Who made the 40% comment? Of course, we might ask 40% real or 40% nominal. Probably early days for a wage price spiral, but does anyone have thoughts on this? http://www.theinquirer.net/inquirer/news/2045894/microsoft-employees-pay-rise Quote Link to comment Share on other sites More sharing options...
Nickolarge Posted April 28, 2011 Share Posted April 28, 2011 He evaded, or rather, just flat out refused to answer a direct question about the possibility of a correction in the housing market. He said something about not wanting to make 'predictions'. He admitted there had been a housing bubble but referred to it in past tense, the interviewer jumped in and pointed out that we're still in the housing bubble and that there hadn't been a correction (or words to that effect) and made reference to a recent article in The Economist. Cable then made a very weak and vague statement about there being some deflation in the housing market. The panel debate that followed the interview was very interesting. I'm not familiar with the panel members but I think it was an economist, an ex CEO of Asda and a Lord (??) so far as I could tell they were all non-partisan but all very bearish. When answering a question specifically about the housing market the Lord pointed out that the OECD rate the UK property market as 40% overvalued. Vince proved two things. Firstly, he is not the economics guru that many here thought him to be and secondly, that power alters every politician beyond recognition meaning that you never get what you thought you were voting for. Quote Link to comment Share on other sites More sharing options...
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