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What Is Going On?

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The press has begun to tentatively report that interest hikes are a real possibility.

The news is full of stories about job losses.

The labour party are in disarray.

The average age of a first time buyer is 30 (the age where the majority of earners have pretty much reached their earnings potential).

Yet house prices keep on rising and interest only mortgages are becoming more prevalent.

National Debt is reaching mind-boggling levels

Is this country now so totally out of control that the government and the bank of England are unable to do anything to put the brakes on as even the slightest pressure will cause a crash of epic proportions. Consequently the only course of action is to do nothing and just hope that it will all turn out OK (and if it doesn’t make sure that you point out that you did nothing so it wasn't your fault)?

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Is this country now so totally out of control that the government and the bank of England are unable to do anything to put the brakes on as even the slightest pressure will cause a crash of epic proportions. Consequently the only course of action is to do nothing and just hope that it will all turn out OK (and if it doesn’t make sure that you point out that you did nothing so it wasn't your fault)?

I think that pretty much sums it up.

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I think that pretty much sums it up.

Devils advocate hat on. Is it therefore possible that the bulls are right. Not through any sound economic reasoning but due to anew paradigmn.

Interest rates will be kept artificially low via manipulating the CPI basket.

Even though real inflation soars no pressure will be put on wage inflation as skilled workers in a job know that their position is vunerable. There is also huge pressure from immigration.

In the meantime mortgage fraud is endemic, well documented and totally ignored.

House prices just keep increasing until there are so many imbalences in the system they collapse under their own weight. The main issue being that this could take years yet.

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Is this country now so totally out of control that the government and the bank of England are unable to do anything to put the brakes on as even the slightest pressure will cause a crash of epic proportions. Consequently the only course of action is to do nothing and just hope that it will all turn out OK (and if it doesn’t make sure that you point out that you did nothing so it wasn't your fault)?

You make a basic error here. Those in the institutions you mention do believe they are in control.

For better or worse a course has been charted and they will believe that they can manage it.

Managing may involve minor "adjustments" but anything else is out for that would be to admit that the course may have been wrong and that way lies electoral hardship for the Politicians concerned.

Never underestimate the self belief of the political mind.

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  • 333 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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