gruffydd Report post Posted March 13, 2006 Had a meeting with the BoE earlier - told them about the problems that local businesses (inc my business) were experiencing due to inflated house prices. He told me that the bank were keeping a close eye on house prices at the moment. Gruff Quote Share this post Link to post Share on other sites
BuyingBear Report post Posted March 13, 2006 Whilst simultaneously pumping excess liquidity into the system. It's like me standing there spraying you with a hosepipe then asking "why are you all wet?". Quote Share this post Link to post Share on other sites
OzzMosiz Report post Posted March 13, 2006 Had a meeting with the BoE earlier - told them about the problems that local businesses (inc my business) were experiencing due to inflated house prices. He told me that the bank were keeping a close eye on house prices at the moment. Gruff C'mon tell more than that. PM me if you don't want it public!! Quote Share this post Link to post Share on other sites
OnlyMe Report post Posted March 13, 2006 (edited) £10bn a month. Standing, watching, waiting, at every turn they have been blindsided by reaction to their own monetary stupidity. Edited March 13, 2006 by OnlyMe Quote Share this post Link to post Share on other sites
Mags Report post Posted March 13, 2006 C'mon tell more than that. PM me if you don't want it public!! Yeah! Show and tell! Quote Share this post Link to post Share on other sites
gruffydd Report post Posted March 13, 2006 (edited) Pointed out the various business problems caused by excessive HPI. He responded and took notes. I put everything across pretty well. I suggested drastic action was needed to contain HPI, which was taking off again (referencing the latest HPI reports). He appeared to broadly accept what I was saying. I also pointed to increasing volumes of house sales in the area and suggested that this would lead to even greater HPI shortly - referencing a local EA who had just reported a record February. He asked for the name of this EA later on in the conversation. Edited March 13, 2006 by gruffydd Quote Share this post Link to post Share on other sites
the_duke_of_hazzard Report post Posted March 13, 2006 Pointed out the various business problems caused by excessive HPI. He responded and took notes. I put everything across pretty well. I suggested drastic action was needed to contain HPI, which was taking off again (referencing the latest HPI reports). He appeared to broadly accept what I was saying. I also pointed to increasing volumes of house sales in the area and suggested that this would lead to even greater HPI shortly - referencing a local EA who had just reported a record February. He asked for the name of this EA later on in the conversation. How depressing - they use the same anecdotal information we rely on. hat dude may as well loiter on this site and singing pig et al to see what's going on. Still, at least they're talking to real people. Quote Share this post Link to post Share on other sites
BuyingBear Report post Posted March 13, 2006 How depressing - they use the same anecdotal information we rely on. hat dude may as well loiter on this site and singing pig et al to see what's going on. Red sky at night, BoE members delight! It has always been the case, often they just look at the number of job vacancies advertised in a national rag as a leading indicator of job growth There's a whole host of economic anecdotals. Quote Share this post Link to post Share on other sites
