TheCountOfNowhere Posted May 15, 2013 Share Posted May 15, 2013 http://news.sky.com/story/1091119/unemployment-up-as-spending-squeeze-tightens "The latest employment figures show average earnings growth at its lowest level on record - intensifying the squeeze on household budgets." The conditions for house price increases just aren't there. I personally took a 20% pay cut this year to get work and I know several people who lost their job and are still looking...one of them is being offered HALF what he used to earn and is now regretting turning one of the offers down. I predict...house prices will fall. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted May 15, 2013 Share Posted May 15, 2013 http://news.sky.com/...queeze-tightens "The latest employment figures show average earnings growth at its lowest level on record - intensifying the squeeze on household budgets." The conditions for house price increases just aren't there. I personally took a 20% pay cut this year to get work and I know several people who lost their job and are still looking...one of them is being offered HALF what he used to earn and is now regretting turning one of the offers down. I predict...house prices will fall. Not to worry, Carney will be along any day now with another £200bn in freshly minted QE. Benefits up. Pensions up. Minimum wage up. Public sector pay up... Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 15, 2013 Author Share Posted May 15, 2013 Not to worry, Carney will be along any day now with another £200bn in freshly minted QE. Benefits up. Pensions up. Minimum wage up. Public sector pay up... Yip.. don't see any issue with that..... Quote Link to comment Share on other sites More sharing options...
inflating Posted May 15, 2013 Share Posted May 15, 2013 Not to worry, Carney will be along any day now with another £200bn in freshly minted QE. Benefits up. Pensions up. Minimum wage up. Public sector pay up... This is what I fear. Does anyone want to have a whip 'round to buy him some textbooks so he can learn about money supply, Weimar, inflation, Zimbabwe etc etc? Quote Link to comment Share on other sites More sharing options...
zugzwang Posted May 15, 2013 Share Posted May 15, 2013 This is what I fear. Does anyone want to have a whip 'round to buy him some textbooks so he can learn about money supply, Weimar, inflation, Zimbabwe etc etc? I fear it's already too late. Carney's spent the last five years furiously inflating the Canadian economy and left in a desperate state. There's no evidence to suggest he's learnt anything from the experience. Quote Link to comment Share on other sites More sharing options...
inflating Posted May 15, 2013 Share Posted May 15, 2013 I fear it's already too late. Carney's spent the last five years furiously inflating the Canadian economy and left in a desperate state. There's no evidence to suggest he's learnt anything from the experience. No wonder Osborne jumped up and down with excitement when he finally said yes. Just terrific... [sigh] Quote Link to comment Share on other sites More sharing options...
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