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Realistbear

Bank Of France Issues An I R Warning

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http://framehosting.dowjonesnews.com/sampl...08350046&Take=4

30 May 2006 08:14 GMT *DJ Bank Of France Cautions Banks On Risks From Higher Rates

PARIS (Dow Jones)--The Bank of France Tuesday urged the banking sector to closely monitor the effects of the recent rise in interest rates, saying it
could harm the value of financial assets
.
"The financial sector must consider the
rising trend in interest rates
...with great care," Yves Nachbaur, a senior Bank of France official, told a press conference.

What asset in the UK is most sensitive to IR hikes? :)

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http://framehosting.dowjonesnews.com/sampl...08070000&Take=1

30 May 2006 08:07 GMT DJ MARKET BEAT: Euro-zone Apr M3 Rises To 8.8% On Yr

Dow Jones Newswires

0806 GMT [Dow Jones] April euro-zone M3 money supply rises to 8.8% from a (revised) 8.5% in March. The more closely watched 3-month average February-April rises to 8.4% from 8.1% in January-March. Economists expected 8.5% on-year rise in April, and 3-month average of 8.4%. The rise is expected to fuel ECB concerns that excess liquidity and strong credit demand point to inflationary danger.
ECB is widely expected to increase interest rates at the next policy meeting on June 8
(NHW)

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.....and the Irish Central Bank says.....

absolutely nothing...

What's that? Consumer borrowing at over 180% of GDP and rising at 30% per annum?

Stick your heads back in sand guys, nothing to see here. :rolleyes:

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.....and the Irish Central Bank says.....

They're clearly too busy - handing out loans to the lending banks.

http://www.irishexaminer.com/breaking/stor...z&n=97701239&x=

31/05/2006 - 11:13:02 AM

Personal debt increasing at fastest rate in five years

Levels of personal debt in Ireland are increasing at their fastest rate in five years, according to figures published by the Central Bank today. The bank said total lending increased by 29.6% in the 12 months to April this year, the highest rate since March 2000. The increase is largely being driven by mortgages, which now account for almost 40% of the €276.2bn that Irish people owe to financial institutions. The Central Bank says if mortgage lending continues to rise at its current rate, the total amount owed will more than double in the next three years.

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They're clearly too busy - handing out loans to the lending banks.

http://www.irishexaminer.com/breaking/stor...z&n=97701239&x=

(Shakes head in disbelief)

The consumer debt mountain is the most serious issue facing Ireland (and the UK) currently and the general complacency in the vested interested controlled media beggars belief.

Still, I'm doing my bit to try and warn people and I encourage all other HPC'ers with a conscience to do the same.

http://www.housepricecrash.co.uk/forum/ind...showtopic=30943

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France now warning it's subjects, HOW ODD.

I am finding this all very interesting, nearly all the large economys around the world are now giving warning shots, except the good old United Kingdom.

It seems like all these other Countrys seem to have a little concern for their people, while ours will drag every last person into a pit of debt on a 5% chance that they just might hold onto power for a little longer.

I was the biggest socialist you could imagine 10 years ago :P , before anyone says anything :)

I have no words for these "People "in power now, yesterdays Torys had more honesty and dignity than this bunch of low life. Just look at Prescott now, thinking of nothing but himself, fat useless poncing perverted cheating lowlife, i still have my principles Prescott, can you claim the same.

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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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