cool_hand Posted October 1, 2014 Share Posted October 1, 2014 that bloke at the bank of England said it hasn't so it must be true. This is perverse. What a f*uckwit. Quote Link to comment Share on other sites More sharing options...
LandOfConfusion Posted October 1, 2014 Share Posted October 1, 2014 This is the lay up. Next thing he'll be saying it's all Carney's fault and that the bank "Should have done more". Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted October 1, 2014 Share Posted October 1, 2014 (edited) Increasing credit to a inelastic supply of goods has not put the price up.. Ok then Dave, any lies you tell shall be taken as gospel... And you know he is lying because his lips moved. Edited October 1, 2014 by Wurzel Of Highbridge Quote Link to comment Share on other sites More sharing options...
byron78 Posted October 1, 2014 Share Posted October 1, 2014 "Let me fundamentally say this, the fundamental changes the changes of hard-working hope we've gifted the fundamentally changing hopeful hard-working people of Britain have fundamentally been changes for the better." Worst PM EVER. Quote Link to comment Share on other sites More sharing options...
Exiled Canadian Posted October 1, 2014 Share Posted October 1, 2014 Does PPE at Oxford no longer include a basic micro-economics course? As Wurzel said, if you increase the amount of money chasing a good with inelastic supply all that you get is a price increase, that's probably covered in the second week of most undergraduate economics courses. And these are the guys who claim to be "good" with the economy. Quote Link to comment Share on other sites More sharing options...
Lifes a game Posted October 1, 2014 Share Posted October 1, 2014 Just ask Dave what has caused the sudden spike in house prices. Curious how he'd answer that, something like "a strong economy" no doubt. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted October 1, 2014 Share Posted October 1, 2014 Having now denied that Labour's house price bubble, which he criticised when in opposition, ever existed, he's saying that there can't be a house price bubble because prices in much of the UK are still below the 2007 peak. Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted October 1, 2014 Share Posted October 1, 2014 You should all be happy, he's willing to go on the record as denying a self-evident truth, making himself look ridiculous in the process. 8 months till eviction, Dave. Quote Link to comment Share on other sites More sharing options...
FallingAwake Posted October 1, 2014 Share Posted October 1, 2014 He's right. It hasn't caused a house price boom. Because the one caused by Brown hasn't yet burst. He's merely maintaining the bubble. Can someone quote that recent Conservative email where they admit house prices tripled under Labour? Quote Link to comment Share on other sites More sharing options...
wonderpup Posted October 1, 2014 Share Posted October 1, 2014 I love the fact the champions of free market economics are now arguing that subsiding purchasers with state money does not distort the market Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 1, 2014 Share Posted October 1, 2014 Having now denied that Labour's house price bubble, which he criticised when in opposition, ever existed, he's saying that there can't be a house price bubble because prices in much of the UK are still below the 2007 peak. As I keep saying no one wants to destroy housing "wealth". No one will ever get elected stating millions of homes aren't worth the current asking prices. Hundreds of thousands of Londoners will suddenly live in Northern priced housing. It ain't going to happen. It will collapse the banking system, the only "rational" option for these idiots is to perpetuate the lie and state there is no bubble. And just hope when the truth is revealed they aren't in power when the SHTF. Quote Link to comment Share on other sites More sharing options...
FallingAwake Posted October 1, 2014 Share Posted October 1, 2014 I love the fact the champions of free market economics are now arguing that subsiding purchasers with state money does not distort the market All we need now is for Labour to come up with some kind of Thatcher figure, and the circle will be complete Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 1, 2014 Share Posted October 1, 2014 Mr Cameron said that the package he wanted to offer voters was "pretty simple really - a good job, a nice home, more money at the end of the month, a decent education for your children, a safe and secure retirement. http://www.huffingtonpost.co.uk/2014/10/01/david-cameron-tory-confer_n_5912062.html This does not compute with no housing bubble. Quote Link to comment Share on other sites More sharing options...
byron78 Posted October 1, 2014 Share Posted October 1, 2014 I love the fact the champions of free market economics are now arguing that subsiding purchasers with state money does not distort the market Bizarre isn't it? And the Tory faithful are hungrily lapping such warped socialism up as well. Perhaps most of the smart ones have defected (like most of the intelligent Labour voters did when Blair got in), and they're left with a core pool of zealots, nutters, and NIMBY village-idiots. Quote Link to comment Share on other sites More sharing options...
Errol Posted October 1, 2014 Share Posted October 1, 2014 Must watch! Cameron's conference rap: Quote Link to comment Share on other sites More sharing options...
Corruption Posted October 1, 2014 Share Posted October 1, 2014 Just ask Dave what has caused the sudden spike in house prices. Curious how he'd answer that, something like "a strong economy" no doubt. A rise in wages that he's promised for us all after the next election. Quote Link to comment Share on other sites More sharing options...
Corruption Posted October 1, 2014 Share Posted October 1, 2014 (edited) You should all be happy, he's willing to go on the record as denying a self-evident truth, making himself look ridiculous in the process. 8 months till eviction, Dave. Only 7 months and 6 days until we see the back of him, i couldnt careless if its Red Ed taking his place ... anyone but Dave and Gidiot for me. Got a feeling Ed and Ed will copy these 2 rsoles and let prices fall for the first couple of years and then do all they can to boost them for the election in 2020. Edited October 1, 2014 by Corruption Quote Link to comment Share on other sites More sharing options...
Errol Posted October 1, 2014 Share Posted October 1, 2014 Must watch! Cameron's conference rap: Quote Link to comment Share on other sites More sharing options...
cool_hand Posted October 1, 2014 Author Share Posted October 1, 2014 Sorry I meant to use the words 'Bubble'. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted October 2, 2014 Share Posted October 2, 2014 previous poster is correct, Camoron isnt lying, HTB hasnt caused the boom. It has sustained it along with all the other measures. And he knows it...His Chancellor earlier called for HTB to be permanent. why? what are they trying to prevent? we all know the answer to that one. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted October 2, 2014 Share Posted October 2, 2014 and guess what now (via skynews) .... 'Bank of England backs the Government's help-to-buy scheme and says it does not pose a serious risk to financial stability.' Another Rice-Davies moment......... "He would, wouldn't he?" Quote Link to comment Share on other sites More sharing options...
Venger Posted October 2, 2014 Share Posted October 2, 2014 previous poster is correct, Camoron isnt lying, HTB hasnt caused the boom. It has sustained it along with all the other measures. And he knows it...His Chancellor earlier called for HTB to be permanent. why? what are they trying to prevent? we all know the answer to that one. No one is forcing people to use HTB1 newbuilds... you get all the older voters applauding the prospect of 'permanent HTB' to help the young, at the conference. Who are the oldies with the better housing stock going to sell their own homes to? So many young buying newbuild, and older people chasing yield also searching for houses in the £250,000 range to rent to young people. HTB1 has brought forward and quenched quite a bit of future demand, from the idiot side, and seen a doubling down from investors too, at super high prices. What are they trying to prevent? Maybe what are they trying to bring on. I may be deluded but sometimes I think they're actively trying to bring on the biggest HPC of all time - so banks can write volume mortgages... loads of low/mid/high prime brought to market by older sellers needing to cash in before prices fall further. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 2, 2014 Share Posted October 2, 2014 (edited) that bloke at the bank of England said it hasn't so it must be true. This is perverse. What a f*uckwit. Cameron is right there is no housing boom. IT'S A F**KING MEGA BUBBLE. Edited October 2, 2014 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
Billy soy Posted October 2, 2014 Share Posted October 2, 2014 "Let me fundamentally say this, the fundamental changes the changes of hard-working hope we've gifted the fundamentally changing hopeful hard-working people of Britain have fundamentally been changes for the better." Worst PM EVER. Did he really say that? Quote Link to comment Share on other sites More sharing options...
zugzwang Posted October 2, 2014 Share Posted October 2, 2014 Did he really say that? He's talking out of his fundament. Quote Link to comment Share on other sites More sharing options...
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