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Financial Crisis Over.

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Guest DissipatedYouthIsValuable

I can almost see the green shoots of recovery pushing through.

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"Traders said news of an unexpected rise in sales of existing homes in the US helped to bolster market sentiment"

Dead cat bounce over the pond.?

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http://www.thisismoney.co.uk/saving-and-ba...e_id=7&ct=5

Just to settle the nerves there's another article to explain CDS's.

Bank CDS (basis points)

Alliance & Leicester - 480

Anglo Irish Bank - 383

Barclays - 134

HBOS - 281

HSBC - 121

ICICI (India)- 358

Kaupthing (Iceland) - 902

Landsbanki (Iceland) - 686

Lloyds TSB - 112

Royal Bank of Scotland - 194

Source: Bloomberg (21/3/2008)

Anyone know how Abbey National score?

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"Traders said news of an unexpected rise in sales of existing homes in the US helped to bolster market sentiment"

Dead cat bounce over the pond.?

Why not a genuine bounce in the US? They manufacture stuff, grow their own food, they didn't have wildly overpriced houses compared to average incomes.

Still think there is much more to come out in the US about dodgy MBS. But I suspect that lots of the dodgy MBS was parcelled off and sold to UK, German and Japanese banks.

If, and I think it is a big if, if the US economy does recover it won't make the slightest difference to the UK house price crash. It is on, simply because prices are unsustainably high, credit is now tighter, and we don't manufacture stuff, or grow our own food, and our entire economy is based on smoke and mirrors around rising house prices. Even stable UK house prices would be enough to kill the UK economy.

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http://www.bloomberg.com/apps/news?pid=206...&refer=home

March 24 (Bloomberg) -- Britons selling their home should ``get smart'' and price their property more realistically before they lose out when home values decline later this year, Rightmove Plc said.

for another 3 months, put June 08 in your diary for the next set of the runs...

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for another 3 months, put June 08 in your diary for the next set of the runs...

"British banks have raised the cost of borrowing for homebuyers with the smallest deposits to a seven-year high, declining to pass on two Bank of England rate cuts to 5.25 percent. The average rate offered by lenders on loans for 95 percent of the price of a property, fixed for 24 months, rose to 6.55 percent central bank data showed this month. "

Can't come quick enough IMO.

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Anyone know how Abbey National score?

Banco Santander owns Abbey, around 115-120bps

Rise in existing home sales needs a microscope to show +150/- annualised sales vs the >2m decline from the peak. Its a leap year, so 3.6% more selling time this yr vs last.

Case Shiller for Jan out a t 1pm

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Banco Santander owns Abbey, around 115-120bps

Rise in existing home sales needs a microscope to show +150/- annualised sales vs the >2m decline from the peak. Its a leap year, so 3.6% more selling time this yr vs last.

Case Shiller for Jan out a t 1pm

Abbey mid currently 100bps

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"British banks have raised the cost of borrowing for homebuyers with the smallest deposits to a seven-year high, declining to pass on two Bank of England rate cuts to 5.25 percent. The average rate offered by lenders on loans for 95 percent of the price of a property, fixed for 24 months, rose to 6.55 percent central bank data showed this month. "

Can't come quick enough IMO.

...yeah ....but look at the good rates on deposits.....the base rate is no indication of the true market, currently..... <_<

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http://www.thisismoney.co.uk/saving-and-ba...e_id=7&ct=5

Just to settle the nerves there's another article to explain CDS's.

Bank CDS (basis points)

Alliance & Leicester - 480

Anglo Irish Bank - 383

Barclays - 134

HBOS - 281

HSBC - 121

ICICI (India)- 358

Kaupthing (Iceland) - 902

Landsbanki (Iceland) - 686

Lloyds TSB - 112

Royal Bank of Scotland - 194

Source: Bloomberg (21/3/2008)

Anyone know how Abbey National score?

These spreads are out of date - market a lot tighter today

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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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