doh Posted March 13, 2008 Share Posted March 13, 2008 http://www.telegraph.co.uk/money/main.jhtm...cambrose113.xml It's getting scary now... Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted March 13, 2008 Share Posted March 13, 2008 The really mean "UK mortgage implosion set to blow Darling's Budget to pieces". Our bubble is even bigger than theirs; it's just that it burst before ours did. Quote Link to comment Share on other sites More sharing options...
Methinkshe Posted March 13, 2008 Share Posted March 13, 2008 Ambrose Pritchard-Evans is one of the few financial journalists to tell it how it is. Long may he continue to do so.... Quote Link to comment Share on other sites More sharing options...
FernandoMorientes Posted March 13, 2008 Share Posted March 13, 2008 This is what the Labour party do to the country time and time again and yet Britons still vote for them in droves http://www.telegraph.co.uk/money/main.jhtm...cambrose113.xml Repeat after me BRITAINS POPULACE ARE VERY F*CKING THICK Quote Link to comment Share on other sites More sharing options...
beans on toast Posted March 13, 2008 Share Posted March 13, 2008 Cant believe we have this Laurel and Hardy double act at the heart of our goverment. Listening to that idiot Darling made me finally realise that this is the final nail in the coffin of HPI. He does'nt have a clue and we on this forum should be grateful for that. Quote Link to comment Share on other sites More sharing options...
RichB Posted March 13, 2008 Share Posted March 13, 2008 haha awesome article! Quote Link to comment Share on other sites More sharing options...
insidetrack Posted March 13, 2008 Share Posted March 13, 2008 Economy set to blow up after 10 years of incompetent mis-management - do not blame anybody else but those currently in charge. Quote Link to comment Share on other sites More sharing options...
Justice Posted March 13, 2008 Share Posted March 13, 2008 i was watching the early news today and it was going on about secondhand car prices being so low and one dealer said that a car he was selling for £10k was only one and a half years old and cost the owner over £30k. Brown's economy is doing us all a faviour and will ensure bigger gains for us in the long term even if it hurts now. Quote Link to comment Share on other sites More sharing options...
VeryMeanReversion Posted March 13, 2008 Share Posted March 13, 2008 >This is why the top AAA-rated tier of 2007 sub-prime debt is trading at just 53pc of face value Hmm, at some point this stuff gets cheap enough to actually buy. VMR. Quote Link to comment Share on other sites More sharing options...
sambino Posted March 13, 2008 Share Posted March 13, 2008 Im looking for a new motor might be some bargains before long Quote Link to comment Share on other sites More sharing options...
SHERWICK Posted March 13, 2008 Share Posted March 13, 2008 >This is why the top AAA-rated tier of 2007 sub-prime debt is trading at just 53pc of face valueHmm, at some point this stuff gets cheap enough to actually buy. VMR. My question is, why is SUB-PRIME debt rated as 'top AAA-rated' in the first place? Surely the fact that it is SUP-PRIME means that it is not AAA? Surely, we have learned our lessons in the last few months...? Errrrrrrrr Quote Link to comment Share on other sites More sharing options...
Correction Posted March 13, 2008 Share Posted March 13, 2008 I've only seen two 08 cars on the road so far since 1st Feb! Quote Link to comment Share on other sites More sharing options...
insidetrack Posted March 13, 2008 Share Posted March 13, 2008 >This is why the top AAA-rated tier of 2007 sub-prime debt is trading at just 53pc of face valueHmm, at some point this stuff gets cheap enough to actually buy. VMR. I think some big city funds thought that, geared up and filled their boots. They are now going belly up. They found out the truth of the saying that the market can remain irrational longer than you can remain solvent. Quote Link to comment Share on other sites More sharing options...
eek Posted March 13, 2008 Share Posted March 13, 2008 I've only seen two 08 cars on the road so far since 1st Feb! There are rumours of discounts already being available on the Fiat 500. Granted its a fiat but this was supposed to depreciate at the rate of a mini. Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted March 13, 2008 Share Posted March 13, 2008 There are rumours of discounts already being available on the Fiat 500. I should think so. It's a sodding Micra! Quote Link to comment Share on other sites More sharing options...
Orsino Posted March 13, 2008 Share Posted March 13, 2008 This article was going so well right up until the end. "We can slash rates to stop a slump." Yeah, just like Japan in the 1990s and the US now. The best way to have avoided this slump was about 4 years ago. The government and the FSA could have taken steps to curb reckless lending and borrowing. It could have reduced public spending and prepared for an economic downturn. The current situation was not unpredicted, yet the media hardly breathed a word of question or caution. A slump is now not only unavoidable, it is also a necessity. The harder and faster the fall, the better for everyone. As Japan shows, the social consequences of a long, lingering decline are just as bad. Quote Link to comment Share on other sites More sharing options...
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