Jump to content
House Price Crash Forum

Recommended Posts

Stephanie Flanders on BBC news just now doing a dummies guide about how UK rates mirror the US rates and how normalisation is returning to the US. But went on to say that King had been voting for looser monetary policy in the UK but had been out voted - but that could all change with Carney.

Share this post


Link to post
Share on other sites

Well, the Little Professor certainly wrong-footed me. On the other hand he did give himself a convenient get-out: he'll only taper if the economy sticks to the Fed forecast!

The problem with that is, the Fed can't even forecast the present correctly never mind the future. They didn't see the Crash coming, consistently denied its existence even as it was happening, and then spent the next four years wildly exaggerating a non-existent recovery.

More QE ahoy, then. laugh.gif

Share this post


Link to post
Share on other sites

Well, the Little Professor certainly wrong-footed me. On the other hand he did give himself a convenient get-out: he'll only taper if the economy sticks to the Fed forecast!

The problem with that is, the Fed can't even forecast the present correctly never mind the future. They didn't see the Crash coming, consistently denied its existence even as it was happening, and then spent the next four years wildly exaggerating a non-existent recovery.

More QE ahoy, then. laugh.gif

The problem now is no one has a clue what to invest in because they have knackered the price signals. Interesting times

Share this post


Link to post
Share on other sites

The first rule of money printing is that it is always done with a large PR campaign which suggests that it is reversible, temporary and just about to end. You then continue to print to infinity and beyond.

Watch the hands, not the mouth.

Share this post


Link to post
Share on other sites

Should tell you how fecked we are that the chairman says things are looking better so they'll withdraw a little...the markets are more concerned about the flow of funny money than they are about fundamentals. To the markets good news is bad news, but bad news is good news as it means more funny money. Utterly insane.

Theyve created a monster.

Share this post


Link to post
Share on other sites

Well, the Little Professor certainly wrong-footed me. On the other hand he did give himself a convenient get-out: he'll only taper if the economy sticks to the Fed forecast!

The problem with that is, the Fed can't even forecast the present correctly never mind the future. They didn't see the Crash coming, consistently denied its existence even as it was happening, and then spent the next four years wildly exaggerating a non-existent recovery.

More QE ahoy, then. laugh.gif

Clearly he won't be tapering it then.

Share this post


Link to post
Share on other sites

Bit of a catch 22 here. If the economy stays healthy they will withdraw stimulus. But some people think that the stimulus is all that is holding the economy up. So it becomes impossible to withdraw.

Share this post


Link to post
Share on other sites

There will be an announcement today from some where promising to print more money. Once they started this madness they could never stop; They would rather break the system than take their losses.

Share this post


Link to post
Share on other sites

There will be an announcement today from some where promising to print more money. Once they started this madness they could never stop; They would rather break the system than take their losses.

When the system breaks the losses will be forced upon them.

If the whole monetary system system were to collapse could you imagine the mayhem !!!

Share this post


Link to post
Share on other sites

ZH have been following the lack of liquidity in China for a couple of weeks, and it certainly looks like things are escalating. But ZH are also coming from the angle that if China prints, gold will surge. So it's something to take at face value for me.

Share this post


Link to post
Share on other sites

The problem now is no one has a clue what to invest in because they have knackered the price signals. Interesting times

Nail hit firmly on the head, and the same applies to house prices of course.

Share this post


Link to post
Share on other sites

If anyone has seen a print copy of the FT today there is an amusing typo on the front page -

Bernanke to anounce end to QE in 2004 (or similar).

Not sure how this slipped through.

Share this post


Link to post
Share on other sites

Checked on the gold spot price thinking things would be on the turn with shares getting a spanking. Yet it has plunged still further to $1309 to a new nadir of -32% off peak.

Share this post


Link to post
Share on other sites

FTSE 100 6217.88

Down -2.06%

Reminds me of all the FTSE down 2 percent threads from last year. Of course this time, I bought a shares ISA in the meantime, and it's a co-op fund. Interesting times... :unsure:

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 239 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.