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RichM

Another True Kaletsky Gem, 30-1-2006

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http://business.timesonline.co.uk/article/...2016093,00.html

The most important question for Europe in the year ahead, therefore, is whether house prices and mortgage borrowing will slow down. In principle there is no reason why they should, because property in many parts of Europe remains reasonably valued and homeowners have plenty of housing equity that they could gradually convert into debt.

The line I've highlighted in bold is a complete classic. I hope he gets that carved on his gravestone...

Edited by RichM

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http://business.timesonline.co.uk/article/...2016093,00.html

The line I've highlighted in bold is a complete classic. I hope he gets that carved on his gravestone...

Chortle!

I remember reading him a few years ago and thinking:

"This chap's quite bright."

But I view him with horror now. Either he does not have a clue or he is the most dangerous liar.

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2005 an "annus horribilis".....? What was so bad about last year on the economic front. We've seen nothing yet.

Demand for German exports is rising because they are good quality & they invest in their manufacturing sector in their economy, rather than closing it down and turning their economy into a nation of estate agents, money lenders & shop workers, as we have done with ours.

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2005 an "annus horribilis".....? What was so bad about last year on the economic front. We've seen nothing yet.

Demand for German exports is rising because they are good quality & they invest in their manufacturing sector in their economy, rather than closing it down and turning their economy into a nation of estate agents, money lenders & shop workers, as we have done with ours.

I completely agree van hoogstraten...the Germans export loads and loads of undisputably high quality engineered goods. All we export now is house price inflation.

I am really angry about the whole situation now...we have been taken over by hucksters and charlatans, and they are selling this country down the river. The masses are complicit because they are benefiting in the short-term, and because they are mostly stupid.

I came back to England to work about 9 months ago after 3 years working abroad. I really do fear for the long-term future of this country now, and I genuinely believe that an inflection point in our society is coming...revolution or whatever, something has got to give. If we continue to be ruled by idiots, and become more and more infantilised, exploited and monitored in this terrible culture we have now, then I will be leaving these shores and going back to Europe (maybe Switzerland this time).

This pr1ck Kaletsky really is an ar5ehole...surely he cannot genuinely believe that eating up the equity in the house to finance consumption is a good idea? He is as someone else said either a complete moron or a really dangerous liar with a hidden agenda.

That he should be given the opportunity to spread his 'opinions' from such a (formerly) respected platform as the Times is truely shocking to me.

The only broadsheet worth reading nowadays in my opinion is the Telegraph - it is consistently truthful about the state of the economy.

Kaletsky and those like him should be jailed for what they write.

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marko

The Times is truely a new labour paper mainly for the middle classes

and the scum mainly for the working classes. Remember Rupert Murdoch

is a new labour backer and extremely pro Gordon Bling.

As for the Telegraph it is a tory rag.

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He writes: "My view, for what it is worth, is that European property markets will take a breather for a year or two after their climb. As a result, mortgage borrowing and consumption will both prove weaker than expected, while exports are hit by a slowdown in the US and China."

This conclusion isn't exactly crackpot stuff.

But this is the more typically barmy side of Kaletsky, & rather contradicts his conclusion: "As long as house prices and mortgage lending in Southern Europe keep growing at rates of 10 per cent plus, growth and employment will probably continue to improve, despite a weakening export performance."

10% per annum? For how long? What about Euro inflation targets? His odd obsession with comparing the Anglo-Saxon vs. Continental economic models drives him to make silly statements....

Edited by jrbxyz

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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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