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jonpo

Who Caused The 4trillion Gbp House Price Boom?

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Good poll.

I chose Gordon - because he is responsible for setting the parameters by which the BoE and legislation in general works.

Not all countries have experienced a house price boom....therefore it has to be intra country.

yes there seem to be specific factors about where in the economic cycle we are which lead to the cultivation of the boom for instance Spain and Ireland have had one but Germany has not and they kind of follow the same fiscal rules and monetary policy.

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I would add Bin Laden to the list.

If not for 911, US interest rates would not have been cut so drastically. Although dot.com was an issue in 2001, 911 caused Greenspan to panic. He dumped rates and off went the whole merry charade of HPI.

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Good poll.

It can't be pinned on one thing though as where we are today was caused by a chain reaction.

The Fed and others reduced rates which to a load of cheap money to lend.

All the banks, brokers and city types went mad selling the stuff to consumers.

The consumers lapped it up and bought houses at ridiculous prices because "they didn't want to miss out".

The government is to blame because they didn't think to educate the financially uneducated.

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Is it that all countries have had low interest rates in which case what was the cause?

Or, did it all stem from a few countries (UK, USA) where property speculation became a national institution.. this then overflowed into other global areas like Bulgaria, Poland, Spain etc as that speculation spread over the borders?

Or a mixture of the above?

My brain can't work it out.. I'm putting Gordon Brown and going back to sleep :unsure:

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The OP and all blood sucking porsche driving bolly supping brace wearing soon to be unemployable mates.

hmm - you don't even know me or what I do? so how did you arive at this conclusion?

P.S bollinger is crap mostly esp the non-vintage stuff

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You forgot one option.....

All of the above. :rolleyes:

Thats why I didn't vote, there's a collective responsibility for this mess, although it's all really Gordons fault. ;)

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hmm - you don't even know me or what I do? so how did you arive at this conclusion?

P.S bollinger is crap mostly esp the non-vintage stuff

Jonpo, do you wear braces? :huh::P

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Frankly the command for the credit expansion came from the Bilderbergers, several of which appear in the list.

For me, their most powerful representative on the list is Bush but all of them obeyed orders. Its no coincidence his presidency opened with the world's most deadly terror attack and ends with (potentially) the world's most deadly financial crisis.

People lower down the list like the BTLers and EAs just did what comes naturally to neanderthals.

Yours in Guantanomo,

nmarks.

Edited by nmarks

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Gordon Brown was responsible for the financial regulatory regime and monetary policy. His decision io limit the remit of the Bank of England to controlling CPI inflation kept interest rates too low year on year. This caused the UK asset price boom. Browns inept regulatory body (the Fundementally Supine Authority) allowed the dodgy lending practices to flourish. Various other government were being just as dim (or wicked) at the same time. So the problem is caused by governments. Burn them at the stake.

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Surely socialisation of the losses.

What I meant was they're quick to take the credit when things are going ok but just as quick to find someone to blame when they're not. :)

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hmm - you don't even know me or what I do? so how did you arive at this conclusion?

P.S bollinger is crap mostly esp the non-vintage stuff

You work in the city do you not? If you do, then I conclude that you are a parasite.

Me I don't drink Bolly which is why I have been able to afford a house (although obviously you would be bonkers to own one now though).

Edited by gravity always wins

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It was those who control GS, JP Morgan, gold in the ground (via Barrick Resources), oil in the ground (via Saudi/OPEC) and thus the FED and thus the US govt. (and their nukes) and thus the UK govt. (and their nukes) and thus the financial regulators and thus at the very bottom of the pile providing the signatures on the contract - joe public.

That is how it always has been and always will be. Everything else is window dressing (including 911). :huh:

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hmm - you don't even know me or what I do? so how did you arive at this conclusion?

P.S bollinger is crap mostly esp the non-vintage stuff

Yeah, but you work in the City (as do I) therefore you are, regardless of what you do, a-priori the spawn of Satan. The fact that you might, for example, be the manager for the Co-Op's ethical investment fund is irrelevant to the kind of people that post those sorts of comments.

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You work in the city do you not? If you do, then I conclude that you are a parasite.

Me I don't drink Bolly which is why I have been able to afford a house (although obviously you would be bonkers to own one now though).

What economic model would you propose as an alternative then? Let's have some details here though, not wild generalisations.

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The fact that you might, for example, be the manager for the Co-Op's ethical investment fund is irrelevant to the kind of people that post those sorts of comments.

Death to the manager of the Co-Op Ethical investment Fund (Acc) :ph34r:

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  • 295 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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