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You Can't Have A Recovery Just Based On Rising House Prices Says O E C D

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http://www.dailymail.co.uk/news/article-2332635/Recovery-built-rising-house-prices-OECD-warns-Britain-invest-construction.html?ito=feeds-newsxml

Recovery cannot be built on rising house prices, OECD warns in call for Britain to invest in construction

Economic watchdog cuts growth forecast for 2013 to 0.8%

Backs George Osborne's cut programme as 'appropriate'

Warns mortgage guarantee scheme will push up house prices

Sounds the alarm on youth unemployment in the long-term

The VIs get the message "rising house prices" into the media again, whether fact or fiction.

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When the 1%'s wealth and income is derived from extracting money from speculation based bubbles rather than working a job, does anyone actually think they care about 'recovery' of the real economy, industry, etc.

Of course not.

Their 'recovery' is going just fine. The BBC doing a fine job of telling us so too :angry:

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Someone from the OECD gave a very good interview on Radio 4 today. I don't remember the precise time, sorry, but it was around lunch time. Has anybody else listened to it as well? And remember at what time it was aired please?

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Someone from the OECD gave a very good interview on Radio 4 today. I don't remember the precise time, sorry, but it was around lunch time. Has anybody else listened to it as well? And remember at what time it was aired please?

19 minutes 17 seconds in.

http://www.bbc.co.uk/iplayer/episode/b01smkpy/World_at_One_29_05_2013/

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Excellent! That's it. Thank you TMT.

The brilliant part about housing starts at 23min 20sec in, very clear, simple, direct. Just 2 minutes. Highly recommended.

Good man: http://www.oecd.org/general/piercarlopadoandeputysecretary-generalandchiefeconomistoftheoecd.htm

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  • 242 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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