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BandWagon

Mervyn King Sounds Warning Over Economy...

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This is in the blog, but you may prefer it here

House prices are overvalued and consumer bankruptcies risk becoming a large social problem, the Bank of England Governor Mervyn King has warned.

I really like this man. A voice of reason amongst a sea of fools

Anyone want to buy a house?

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

Edited by BandWagon

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This is in the blog, but you may prefer it here

It definitely needs to be here as well as the blog. Anyone still proposing to buy a house is unlikely to be smart enough to find the blog.

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I think this is "softly softly".

Today has quashed any hopes of a rate cut, which most of the press have been ramping for months and months, since August.

Mervyn has made several careful statements over the time, most of which are very bearish in tone.

In a couple of months, we may see the inflation reports start to sounds more and more Hawkish. If they had said today, "that is it, world rates are going up, expect rates to be nearly 5.5 to 6% in 12 months time, all hell would have broken loose.

Today the MPC have formally stated rates are going to rise.

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  • 302 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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