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40% Peak To Trough Falls Likely

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ING's forecast on Bloomberg

You have to get all the way to 5 minutes and 20 seconds to hear the doom and gloom...

Summary:

Falling assets prices, namely housing and equities, spell disaster for the UK economy.

Falling commodity prices would probably be the biggest stimulus to the economy, allowing the BoE to take interest rates down...

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Falling commodity prices would probably be the biggest stimulus to the economy, allowing the BoE to take interest rates down...

Erm... taking interest rates up would make more sense than down, surely?

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40% off the selling price maybe but add to that at least 20% that the pound has fell in the past year alone and rampant inflation that i think is now in the double digits and the real drop comes out closer to 70%.

Brown you sure did manage to screw it up and should had listened to us back in 2001 when we said prices could not be sustained.

Next to go will be jobs and then hopefully we will see some action on the streets as people protest about bailing banks out whilst your average joe is left holding the baby.

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  • 396 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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