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dammfoolman

Housing Equity Withdrawal (Hew) Aka Mew

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Deleverage in graphic form.

What happens next?

The second hand car market becomes flooded with X5's as economic reality hits the financially gullible.

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That chart makes it look like MEW is the norm. It really should be inversed - "Housing Equity Accumulation" with a massive negative period over the last decade and only going positive recently.

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Very interesting graph.

Of course, using overpriced houses as cash machines gives a good short term boost to the GDP figure - can be played politically as success - of course, it is nothing of the sort. The Naked emperor. The piper will always have to be paid at some point.

What an absurd, even treacherous, way of running an economy.

This (the graph) should be viewed as a good thing, however, who knows what will happen with the crop of politicians we have these days.

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Very interesting graph.

Of course, using overpriced houses as cash machines gives a good short term boost to the GDP figure - can be played politically as success - of course, it is nothing of the sort. The Naked emperor. The piper will always have to be paid at some point.

What an absurd, even treacherous, way of running an economy.

This (the graph) should be viewed as a good thing, however, who knows what will happen with the crop of politicians we have these days.

I agree however all the government forecasts rely on massive additional private debt to replace some government debt.

Just because the tie colour has changed doesn't mean the policies will.

Edited by Timak

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I agree however all the government forecasts rely on massive additional private debt to replace some government debt.

Just because the tie colour has changed doesn't mean the policies will.

Yes exactly, the collapse in private borrowing is why the government deficit is so friggin huge. One has to cancel out the other, does it not, unless the country is running a current account surplus (don't laugh).

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  • 284 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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