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Guest The_Oldie

Bbc News 24

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Guest The_Oldie

Showed a photocopy of tomorrows FT front page. Picture of Mervyn King clutching his head. Story is that interest rates will fall next month.

Also showed a Telegraph full page article headed "House price inflation on the way up again"

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Perhaps we should have a permanent VI ALERT thread, together with e-mails and telephone numbers so that we can respond with the one thing that journos hate (apart from PR luvvys that is) - loads of time-wasting correspondence that ties them in knots. :lol::lol::lol: How about it?

Edited by gruffydd

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Yep, the economy is in trouble, inflation is rising because of factor's outside the BOE's control, unemployment is rising sharply.

We will have lower interest rates soon, and negative real rates too.

The people they will try to dig out of the doo-doo are the homeowners.

Why? Because 70% of this country own their homes ,adn the goverment wants their support.

They are going to shaft the savers (why not, we're in the minority, Tony doesn't need us).

Get used to it.

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look the halifax just said so..

its rubbish.. we know that..

and interest rates wont drop next month..

one measure claimed houe price rises last month.. one.. the rest said they dropped..

Chill..

the press swings every day on this..

watch the markets and don't panic

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Guest Charlie The Tramp

What will happen when global stagflation arrives.

The majority of home owners have sensible mortgages and will sail through with a little prudence ( as in the 1970s ), it the fools who borrowed to and above the limit who will get screwed together with the worst irresponsible lenders.

What was it Mervyn King said last year.

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Eurozone currently warning on a rate rise. I guess with more renters / less mortgage owners, they can concentrate on the fundamentals (controlling inflation across the zone) , not sustaining housing bubbles.

/G

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Guest Charlie The Tramp
what do you mean a few minutes ago. i switched on my tv and ironside was still on.

Fred you don`t put your clock back until the 30th.

<_<

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I get it now:

Drop IR's to make your economy boom via massive debts and in the mean time make people's houses worth roughly 100% more than normal. More money for coffers. Put loads of programs on the telly to encourage "good times"

People spend spend spend, until everything is maxed out e.g. new house tight mortgage and fill the new house with new goods from argos.

People are finding it a struggle after numpties decide "hey wait a minute people are spending irresponsibly and have maxed out all their cards lets raise the IR's".

IR's rise and people actually realise everything isn't free " the intangible aspects of plastic money". So...

Consumer spending falls like mad, as people ahem "save" and businesses pack up shop (everyone is maxed out remember). Economy takes a turn for the worse and jobs go...

Numpties go " oh shit, no ones spending anymore, and businesses are going pear shaped, we better lower em again"!

Numpties lower em again and people rejoice. It starts again. Where does this lead?

Edited by George

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  • 301 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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