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TheCountOfNowhere

It's all booming again.

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On 10/01/2017 at 7:39 AM, TheCountOfNowhere said:

0.25% IRs,

£170Bn low intererst mortgage give away.

FTSE flying high.

It's all booming again !!!!

 

What are we missing ?

How can we be this wrong ?

Ftse is foreign income. The more the pound falls, the more ftse goes up.

Low Irs and all that. Like putting your foot down when driving into a wall.

 

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On 10/01/2017 at 7:39 AM, TheCountOfNowhere said:

0.25% IRs,

£170Bn low intererst mortgage give away.

FTSE flying high.

It's all booming again !!!!

 

What are we missing ?

How can we be this wrong ?

......Booming again.;)

 

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On 10/01/2017 at 2:39 PM, TheCountOfNowhere said:

0.25% IRs,

£170Bn low intererst mortgage give away.

FTSE flying high.

It's all booming again !!!!

What are we missing ?

How can we be this wrong ?

More FTBs bought properties in 2016 than any other year since 2007.

It all appears to be going swimmingly.

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On 10/01/2017 at 7:39 AM, TheCountOfNowhere said:

0.25% IRs,

£170Bn low intererst mortgage give away.

FTSE flying high.

It's all booming again !!!!

 

What are we missing ?

How can we be this wrong ?

What are you missing? 

Record levels of unsecured debt ofcourse. That completes the picture. 

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When Gordon Brown faced an angry press in February 2009 and declared offhandedly "Now isn't the time to apportion blame," was the moment I knew there would be no reckoning with the criminals and monsters and that the TPTB would simply double down on the debt just as they had after the dotcom bust.

The worthless DSGE and econometric models that the Bank and Treasury rely on support the idea that Keynesian debt substitution and deficit consumption will pull the economy back onto a sustainable growth trajectory. Add ZIRP, uncontrolled mass immigration and the subdivision of the housing market to maximise landlord and house builder profits and you have the Osborne-Carney Doomsday machine in its entirety.

 

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