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Sheer Heart Attack

" We're In No Danger Of A Recession In The Uk "

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It's quite clear now that we're at the beginning of a protracted downturn in the housing market which will see up to 40% real price falls in the next 3-5 years.

Since the credit crunch began producing a tsunami of tragic tales and headlines kickstarted by the Crock fiasco, the original wild shreaking of denial insisting a HPC couldn't happen here by the grubby VIs has turned into the whimpering of scared and angry people with deep anxiety issues huddled in a corner of a darkened room. They know it's coming but can't quite bring themselves to say it yet.

But the truth is leaking out. We're a short while away from prices turning negative YOY.

I see the same is happening now with the forthcoming UK recession. It doesn't matter that the boom of the last 10 years has been built on debt. It doesn't matter than we owe more as a nation than we turnover. It doesn't matter the average household has £8K of unsecured debt in a time when credit cards are being cancelled. It doesn't matter that banks are writing down huge losses and hiding even more.

Somehow, despite the fact that all of the above helped contribute to the debt-driven boom, the UK is insulated from it.

How long until they admit the truth that the Great Depression of 2009-2012 is a stark reality?

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Yep, our Goose is cooked.

We are the naysays & doom-mongers ! (Incidently how do you monger doom? - Any Ideas?) - But we will be proved correct, of this I am sure.

Is it any wonder that the new ad hoardings for Sci-Fi channels "Flash Gordon" say something like "Your in safe hands with Gordon". Sat in a traffic jam to ponder, I wondered if it was satrical comment, then thought "Probably not".

Sentiment is out of the door and running with its pants around its ankles. Over the next year we will see increasingly desperate boll*cks spouted by scared people trying to save their skins/jobs/fortunes. The truth is out there and its been sh*gging your missus while you've not been looking, my fine VI friends.

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It's pretty clear that a vast swathe of the UK is in trouble.

That wouldn't be a problem for the rest of us were it not for what the government is doing. These new fuel poverty schemes are pretty clever because they are essentially getting the energy companies to collect the taxes on the government's behalf - do their dirty work if you like. The reason I say this is because the government is demanding that the companies 'help' the so called fuel poor or the government will 'get tough'. What this actually means is that the energy companies will be coerced into providing discounted energy to whomever the government dictates is in need, but, of course, the cost must be passed onto those 'fortunate' enough to be able to afford fuel without assistance.

Socialism is a brain disease.

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How long until they admit the truth that the Great Depression of 2009-2012 is a stark reality?

It's going to end it 2012? Phew :ph34r:

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It's pretty clear that a vast swathe of the UK is in trouble.

That wouldn't be a problem for the rest of us were it not for what the government is doing. These new fuel poverty schemes are pretty clever because they are essentially getting the energy companies to collect the taxes on the government's behalf - do their dirty work if you like. The reason I say this is because the government is demanding that the companies 'help' the so called fuel poor or the government will 'get tough'. What this actually means is that the energy companies will be coerced into providing discounted energy to whomever the government dictates is in need, but, of course, the cost must be passed onto those 'fortunate' enough to be able to afford fuel without assistance.

Socialism is a brain disease.

Well, it can only give a further impetus to getting high-level insulation. If things go seriously pear-shaped it's better that people are living in well-insulated homes than not.

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  • 297 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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