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No Saviour In Sight As World Credit Cycle Rolls Over

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Haven't see this on the main forum. Saw it referred to on the main HPC home-page. Some figures to gasp at in there, if true.

Telegraph

No saviour in sight as world credit cycle rolls over site

29 May 2013

HSBC said it is cutting its holdings of high yield credit, emerging market debt, gold and real estate REITs. It is plumping instead for US Treasuries, the “least rotten apple in the barrow”. An astonishing 42pc of its tactical portfolio is now in US Treasuries.

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10087843/No-saviour-in-sight-as-world-credit-cycle-rolls-over.html

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Haven't see this on the main forum. Saw it referred to on the main HPC home-page. Some figures to gasp at in there, if true.

Telegraph

No saviour in sight as world credit cycle rolls over site

29 May 2013

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10087843/No-saviour-in-sight-as-world-credit-cycle-rolls-over.html

If paywall has gone up on you, open it in a IE or other brand browser.

Thanks.

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Thanks.

You're welcome; although simply carrying it over from the home-page to the forum, as it was about to slip off the newsblog list, and I wanted to ensure more of us saw it.

I'm not sure UK lenders are going to maintain any appetite for lending in some sectors, when major banks are retreating from and seeking safety. Even under political pressure.

That said, where they are being pushed to lend, such as Help-To-Buy, the borrower is entirely taking their own risk if they choose to take it to pay high prices. Some people out there are expecting wage growth, think house prices have bottomed in many UK desirable areas, and expect a new 18 year cycle from here; not joking. Some of our smaller lenders are pulling away from REITs as well, with Co-op now having fewer choices anyway.

27 Nov 2012.

Falling property values hit Local Shopping REIT

Property values are falling not because of the rental market, which is flat, but because neither investors nor lenders have any appetite for small shops outside the south east of England. Nationwide, the Co-operative and Clydesdale & Yorkshire Bank have all but pulled out of the market, Mr Gregory reports.

Possibly a subscription site: http://www.investorschronicle.co.uk/2012/11/27/shares/news-and-analysis/falling-property-values-hit-local-shopping-reit-84nDT620Kvx492a98t8LEK/article.html

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Interesting read. World savings rate of 25%. Didn't think it was that high, and of course its helping inflate our housing market as it gets loaned back to us. The sensible option would be mass house building, but that isn't going to happen of course.

Oh well, at least Britains Got Talent is back on ITV on Saturday. :(

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  • 259 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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