SleepyHead Posted October 21, 2013 Share Posted October 21, 2013 (edited) If your blood pressure can take it. http://www.bbc.co.uk...rammes/b03ddn7k It seems to be a parade of estate agents, presented as 'property experts'. Housing conversation starts from the beginning, (except for a quick news break..... and the odd travel report.......... and sports coverage promo.......) . Edited October 21, 2013 by SleepyDog Quote Link to comment Share on other sites More sharing options...
SleepyHead Posted October 21, 2013 Share Posted October 21, 2013 (edited) If your blood pressure can take it. http://www.bbc.co.uk...rammes/b03ddn7k It seems to be a parade of estate agents, presented as 'property experts'. Housing conversation starts from the beginning, (except for a quick news break..... and the odd travel report.......... and sports coverage promo.......) . On second thoughts... don't even bother. Utter tripe! The most financially illiterate property propaganda I have ever heard. Edited October 21, 2013 by SleepyDog Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted October 21, 2013 Author Share Posted October 21, 2013 "The question is not 'tapering'," Marc Faber exclaims to his hosts on CNBC's Squawk Box this morning, "the question is at what point will they increase the asset purchases to say $150 [billion] , $200 [billion], or a trillion dollars a month." QE-4-EVA is here to stay, as Faber explained "every government program that is introduced under urgency and as a temporary measure is always permanent." Simply put, "The Fed has boxed itself into a position where there is no exit strategy," and while inflation may not be present in the 'chosen' indicators, Faber blasts, there's been incredible asset inflation - "we are the bubble. We have a colossal asset bubble in the world [and] a leverage or a debt bubble." There will be massive wealth destruction, he concludes, "one day this asset inflation will lead to a deflationary collapse one way or the other. We don't know yet what will cause it." http://www.zerohedge.com/news/2013-10-21/marc-faber-blasts-we-are-bubble-there-no-exit-strategy Why will asset inflation lead to a deflationary collapse? Quote Link to comment Share on other sites More sharing options...
bubbleturbo Posted October 21, 2013 Share Posted October 21, 2013 Or stick the million in Coutts and rent this place on the income: http://www.rightmove.co.uk/property-to-rent/property-28377192.html Unfortunately due to Merv, Ben and other scum, £1m would only get you £800 ish a month interest, gross. This is on a 60 day notice savings account. Unbelievable I know. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted October 21, 2013 Share Posted October 21, 2013 http://www.zerohedge...o-exit-strategy Why will asset inflation lead to a deflationary collapse? Minsky bastardised: Since asset bubbles can only be paid for out of current wages there's a point beyond which they can no longer be inflated since prices are now unaffordable even to Ponzi borrowers financing themselves through capital gains (Ponzi borrowers cannot afford to pay back even the interest on their loans for any length of time). As prices peak so Ponzi borrowers are forced to liquidate their assets at an ever-increasing rate to stay solvent. In the final blow-off top they are only able to find buyers by reducing prices and sustaining losses. As the bubble shrinks so broader economic activity enabled by Ponzi borrowing collapses. If the bubble is big enough then this economic contraction drives down prices so far that even formerly solvent borrowers are overwhelmed and also forced to liquidate, putting even greater downward pressure on prices and the economy generally. The involvement of the sovereign can extend this dynamic (see Japan) but it's unclear if the outcome is materially improved. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted October 22, 2013 Author Share Posted October 22, 2013 Minsky bastardised: Since asset bubbles can only be paid for out of current wages there's a point beyond which they can no longer be inflated since prices are now unaffordable even to Ponzi borrowers financing themselves through capital gains (Ponzi borrowers cannot afford to pay back even the interest on their loans for any length of time). As prices peak so Ponzi borrowers are forced to liquidate their assets at an ever-increasing rate to stay solvent. In the final blow-off top they are only able to find buyers by reducing prices and sustaining losses. As the bubble shrinks so broader economic activity enabled by Ponzi borrowing collapses. If the bubble is big enough then this economic contraction drives down prices so far that even formerly solvent borrowers are overwhelmed and also forced to liquidate, putting even greater downward pressure on prices and the economy generally. The involvement of the sovereign can extend this dynamic (see Japan) but it's unclear if the outcome is materially improved. Thanks - but does this also apply when house prices are bought with cash by foreigners looking to hide or keep safe their cash in the UK rather than in their own country? Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted October 22, 2013 Share Posted October 22, 2013 Unfortunately due to Merv, Ben and other scum, £1m would only get you £800 ish a month interest, gross. This is on a 60 day notice savings account. Unbelievable I know. I'm getting more than that withsignificantly less. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 22, 2013 Share Posted October 22, 2013 Unfortunately due to Merv, Ben and other scum, £1m would only get you £800 ish a month interest, gross. This is on a 60 day notice savings account. Unbelievable I know. You're not rich till you owe a £1M Quote Link to comment Share on other sites More sharing options...
bubbleturbo Posted October 22, 2013 Share Posted October 22, 2013 I'm getting more than that withsignificantly less. Really? Please share. I am looking for a home for my savings at the moment. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted October 22, 2013 Share Posted October 22, 2013 Really? Please share. I am looking for a home for my savings at the moment. http://www.nsandi.com/savings-direct-saver Quote Link to comment Share on other sites More sharing options...
SHERWICK Posted October 22, 2013 Share Posted October 22, 2013 http://www.nsandi.com/savings-direct-saver I wouldn't call that 'significantly more'... Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted October 22, 2013 Share Posted October 22, 2013 (edited) I wouldn't call that 'significantly more'... It's 14% more, instant access, and not limited to the £85K FCS guarantee limit (the poster was talking about £1M). If I'd spent more than a minute looking I'm sure I could have bettered it though. Unfortunately due to Merv, Ben and other scum, £1m would only get you £800 ish a month interest, gross. This is on a 60 day notice savings account. Unbelievable I know. Edited October 22, 2013 by Bruce Banner Quote Link to comment Share on other sites More sharing options...
winkie Posted October 22, 2013 Share Posted October 22, 2013 Really? Please share. I am looking for a home for my savings at the moment. This is not advise. http://europe.deposits.org/ Quote Link to comment Share on other sites More sharing options...
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