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Guest muttley

We Don't Believe You

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Guest muttley

It seems the Bank of England don't trust the Government propaganda machine anymore.

http://www.telegraph.co.uk/money/main.jhtm.../ixcitytop.html

The Bank of England has set up a discreet unit to produce its own economic figures because it does not trust the official statistics.

The vote of no confidence will be another blow to the Office for National Statistics, which has suffered increasing criticism for providing flawed numbers.

Apparently Mervyn King will not be believing anything he hasn't read on this site first.*

*I made that bit up.

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It seems the Bank of England don't trust the Government propaganda machine anymore.

Exactly why Gordy made the ONS 'independent' instead of 'operationally independent', which makes you wonder, if they're now meant to be independent what were they before?

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Guest Bart of Darkness
The Bank of England has set up a discreet unit to produce its own economic figures because it does not trust the official statistics.

My god, you mean they've been, ...fibbing? :blink:

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This tallies with the impression my father got at a regional BoE event a couple of years back.

They just don´t trust the figures they receive.

btp

Yes, that's the impression I received and wrote about in a previous thread about the MPC.

It was more about the figures being OUT OF DATE by the time the MPC received them, than being inaccurate.

http://www.housepricecrash.co.uk/forum/ind...ic=19959&hl=mpc

In the last Inflation Report, in November, Mervyn King, the Bank's governor, said in the services sector "we know we do not have a good handle on what is happening. We think it's probably a little stronger than the official data."

That's quite a statement. It may explain why Mervyn tends to one of the more bullish members.

Edited by karhu

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Guest Bart of Darkness

I'm waiting for NuLab sock puppet Squealer Zorn to offer a view (I know he's viewed this topic but astonishingly has so far failed to comment).

Maybe Uncle Tony is too busy to give him fresh instructions?

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It seems the Bank of England don't trust the Government propaganda machine anymore.

http://www.telegraph.co.uk/money/main.jhtm.../ixcitytop.html

Apparently Mervyn King will not be believing anything he hasn't read on this site first.*

*I made that bit up.

Mervyn is a bear, determined to create doom.

The sooner he goes the way of Ariel Sharon, the better......

Edited by Time to raise the rents.

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Wow, this is big news!

So, do people think the BoE are more optomistic or pesimistic about the official data (say, on economic growth)?

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Mervyn is a bear, determined to create doom.

The sooner he goes the way of Ariel Sharon, the better......

[/quote YOU SICK ******* to wish illness on others ......lets hope you dont go the same way......

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Doom cannot be created by one man alone, it heralds the end of an economic cycle. <_<

end of an economic cycle...?

really...?

boom and bust has gone..

150,000 new homes a year.

50% are two bed homes

that is 75,000

two bed homes.

No longer sipps or BTL it seems..

7% of buyers are first time buyers..

so there are 75,000 two bed homes to be bought by 7% of the home buyers..

that means 1071428 properties need to sell this year or the market for two bed new build homes is dead.

You now decide the price.

boom and bust is over.. well it could be after this boom has bust..

Boom and Bust is over?

I think you would have to be an Ar*e if you thought this was going to stop at the top of a boom

Edited by apom

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Mervyn is a bear, determined to create doom.

The sooner he goes the way of Ariel Sharon, the better......

That is a pretty sad and ill-judged comment.

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  • 301 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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