The Masked Tulip Posted July 8, 2013 Share Posted July 8, 2013 Both have talked endlessly about the recovery and rising house prices and how it is all good for us all. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 8, 2013 Share Posted July 8, 2013 Both have talked endlessly about the recovery and rising house prices and how it is all good for us all. Rising house prices ? Quote Link to comment Share on other sites More sharing options...
jfk Posted July 8, 2013 Share Posted July 8, 2013 Yes, just watching it too - apparently it's all the wonderful Andy Murray effect, confidence is UP, mortgages are UP, house prices are UP - the economy is going to grow by 1% ... ... are these people totally disconnected from reality? I don't see any of this in the 'real' world Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted July 8, 2013 Author Share Posted July 8, 2013 Yes, just watching it too - apparently it's all the wonderful Andy Murray effect, confidence is UP, mortgages are UP, house prices are UP - the economy is going to grow by 1% ... ... are these people totally disconnected from reality? I don't see any of this in the 'real' world Yep, totally disconnected. The Channel 4 reporter did briefly mention, at one point, that perhaps things were different up north - i.e. anywhere outside of the M25. Quote Link to comment Share on other sites More sharing options...
long time lurking Posted July 8, 2013 Share Posted July 8, 2013 So it`s time to raise interest rates then Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted July 8, 2013 Share Posted July 8, 2013 Happy clappy propaganda day? Quote Link to comment Share on other sites More sharing options...
council dweller Posted July 8, 2013 Share Posted July 8, 2013 No one expected Murray to win? And are people going to now buy Murray dolls? The wife and I have just suffered a major setback due to my wife's nurse training and my having a stroke. Has cost us 15k per year. Maybe it's just me... Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted July 8, 2013 Share Posted July 8, 2013 No one expected Murray to win? And are people going to now buy Murray dolls? The wife and I have just suffered a major setback due to my wife's nurse training and my having a stroke. Has cost us 15k per year. Maybe it's just me... As frustrating as that must be, £15k is small beer in the circumstances. I hope the recovery is proceeding swiftly. Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted July 8, 2013 Share Posted July 8, 2013 Is Faisal Islam on holiday? Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted July 8, 2013 Share Posted July 8, 2013 Both have talked endlessly about the recovery and rising house prices and how it is all good for us all. Imagine no one watched TV, how would they know the recovery was on? Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted July 8, 2013 Share Posted July 8, 2013 All because some bloke won a tennis game, who'd have thought it . Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted July 8, 2013 Share Posted July 8, 2013 Is the logical conclusion of this if we had better and more successful tennis players house prices would be higher? Quote Link to comment Share on other sites More sharing options...
Sour Mash Posted July 8, 2013 Share Posted July 8, 2013 I wouldn't be so quick to dismiss talk of a 'recovery'. I do sense that the mood generally has turned and with the central banks having pumped goodness-knows-how-much printed money into the system and repressed interest rates for over five years now, we may be about to have a false dawn of 'prosperity' ... before the thing starts to run away down the hill towards an almighty pile-up at the bottom... Still, that leaves a potentially long period of opportunity to get yourself set up. Quote Link to comment Share on other sites More sharing options...
catmandu Posted July 8, 2013 Share Posted July 8, 2013 Strange analysis by you guys of channel 4 news. They specifically talked of a danger of another bubble and discussed the view that prices are going up despite wages rising below inflation. Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted July 8, 2013 Share Posted July 8, 2013 (edited) Rising house prices ? It's quite possible that Osborne will be going into the 2015 election with a Q1 Nationwide HPI report showing decade-long nominal losses on property prices in many parts of the UK, which ought to add a bit of spice to the start of an election campaign. Still, you can't go wrong with bricks and mortar, eh? Edited July 8, 2013 by cheeznbreed Quote Link to comment Share on other sites More sharing options...
Orsino Posted July 8, 2013 Share Posted July 8, 2013 Poor high street sales in June were, yet again, blamed on the weather. Fact is, people are still not spending money in the shops with any confidence. Disposable income is still falling and wages remain stagnant. A stupid tennis match changes none of this reality. Quote Link to comment Share on other sites More sharing options...
ingermany Posted July 8, 2013 Share Posted July 8, 2013 Both have talked endlessly about the recovery and rising house prices and how it is all good for us all. And if you watch North Korea Evening News it is full of stories about how people think the nuclear weapons program is a sure sign of national success, alongside heart warming tales of Kim Jong Un's sporting prowess. It's not what's true that matters. It's what they can be induced to believe. Quote Link to comment Share on other sites More sharing options...
Mrs Bear Posted July 8, 2013 Share Posted July 8, 2013 Both have talked endlessly about the recovery and rising house prices and how it is all good for us all. All the news I've seen has been endless Andy Murray, Andy Murray, Andy Murray, Andy Murray.... had to switch off. Went to water the garden instead. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted July 8, 2013 Share Posted July 8, 2013 (edited) All the news I've seen has been endless Andy Murray, Andy Murray, Andy Murray, Andy Murray.... had to switch off. Went to water the garden instead. Nauseating, shades of 1966. That's why I always hope that Johnny Foreigner wins, no mater what the game. . Edited July 8, 2013 by Bruce Banner Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted July 8, 2013 Share Posted July 8, 2013 Nauseating. That's why I always hope that Johnny Foreigner wins, no mater what the game. It could get more nauseating yet if we have the embarrassment of Sir Andy Murray competing in the US Open against plebs like Roger Federer. Quote Link to comment Share on other sites More sharing options...
gf3 Posted July 8, 2013 Share Posted July 8, 2013 And if you watch North Korea Evening News it is full of stories about how people think the nuclear weapons program is a sure sign of national success, alongside heart warming tales of Kim Jong Un's sporting prowess. It's not what's true that matters. It's what they can be induced to believe. saddam hussein didn't have nuclear weapons he died colonel gaddafi didn't have nuclear weapons he died also. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted July 8, 2013 Share Posted July 8, 2013 I think this is true. It is clasic depression cycle. People think they're coming out of it - mainly due to elapsed time but also because of extraordinary policy thqat makes some people better off. History tells us that it just doesn't last. They think they're going to tighten policy and then, when they do, it all turns to sh*t. However, as Sour Mash says, the timescales are such that there is money to be made. Just don't lose your liquidity and your ability to react. Sounds a bit like trying to get the last 10% out of the market. I think I'll pass on that one. Quote Link to comment Share on other sites More sharing options...
moneyfornothing Posted July 8, 2013 Share Posted July 8, 2013 I think this is true. It is clasic depression cycle. People think they're coming out of it - mainly due to elapsed time but also because of extraordinary policy thqat makes some people better off. History tells us that it just doesn't last. They think they're going to tighten policy and then, when they do, it all turns to sh*t. However, as Sour Mash says, the timescales are such that there is money to be made. Just don't lose your liquidity and your ability to react. Or just some more time to build up liquidity and prepare for the worst... When I hear news like this my first instinct is to batten down the hatches... Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted July 8, 2013 Share Posted July 8, 2013 Or just some more time to build up liquidity and prepare for the worst... When I hear news like this my first instinct is to batten down the hatches... My hatches are already battened down and I'm not inclined to open them in the eye of the storm. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted July 8, 2013 Share Posted July 8, 2013 Poor high street sales in June were, yet again, blamed on the weather. Fact is, people are still not spending money in the shops with any confidence. Disposable income is still falling and wages remain stagnant. A stupid tennis match changes none of this reality. Shoppers stayed in to watch Wimbledon on the telly. Quote Link to comment Share on other sites More sharing options...
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