equitystasher Posted July 21, 2008 Share Posted July 21, 2008 So back from hols with no HPC at my finger tips so I am wondering what developments have happened in the last 10 days. Can anyone help? Quote Link to comment Share on other sites More sharing options...
Mancghirl Posted July 21, 2008 Share Posted July 21, 2008 Are you serious? Precis: Pretty much everyone admits the jig is up. Even Alistair Darling. HPCers dancing in the streets. etc etc, Quote Link to comment Share on other sites More sharing options...
eightiesgirly Posted July 21, 2008 Share Posted July 21, 2008 There is enough bear food to make a salmon sick. Quote Link to comment Share on other sites More sharing options...
equitystasher Posted July 21, 2008 Author Share Posted July 21, 2008 Ok great guys but can you be more specific? Has any data come out in the last week that has spurned more bearishness or is it the media in general? Quote Link to comment Share on other sites More sharing options...
equitystasher Posted July 21, 2008 Author Share Posted July 21, 2008 Oh...thanks Hotairmail just clicked your link. Quote Link to comment Share on other sites More sharing options...
OLDFTB Posted July 21, 2008 Share Posted July 21, 2008 Mortgage lenders have been lowering interest rates. Quote Link to comment Share on other sites More sharing options...
Its time to buy Posted July 21, 2008 Share Posted July 21, 2008 The credit crunch will be over by Christmas London house prices are up Oil is going down And summer holidays starts next week - travel agents expect bumper takings, record numbers flying away [probably] Quote Link to comment Share on other sites More sharing options...
equitystasher Posted July 21, 2008 Author Share Posted July 21, 2008 When you say lowering rates I take it you mean the usual 0.01% publicity headline grabbing drop traded for a hike in fees which never seems to get reported? Quote Link to comment Share on other sites More sharing options...
Bearfacts Posted July 21, 2008 Share Posted July 21, 2008 There have been some sizeable (0.4%) cuts in rates due to lower swap rates. I believe SWAP rates have fallen because the city have twigged that the BOE are lacking the cajones to stick to their task and bring inflation down. I doubt very much that it will make any difference to the market - the psychology has changed and momentum is building. Contrary to a previous post, I can tell you thast prices in London have not gone up ..... Rightmove showed that asking prices have risen but Halifax, Hometrack, RICS and Nwide all show actual prices down - see home page. I think the Rightmove data just shows how deluded and out of touch most Londoners are. Quote Link to comment Share on other sites More sharing options...
jonpo Posted July 21, 2008 Share Posted July 21, 2008 (edited) There have been some sizeable (0.4%) cuts in rates due to lower swap rates. I believe SWAP rates have fallen because the city have twigged that the BOE are lacking the cajones to stick to their task and bring inflation down. I doubt very much that it will make any difference to the market - the psychology has changed and momentum is building.Contrary to a previous post, I can tell you thast prices in London have not gone up ..... Rightmove showed that asking prices have risen but Halifax, Hometrack, RICS and Nwide all show actual prices down - see home page. I think the Rightmove data just shows how deluded and out of touch most Londoners are. no swap rates are down because we are all doomed ... well at least thouse of us that are in debt are.... the economic data has been bad...very bad... main thing really is that US banks have been imploding like there is no tommorow IMB is dead WB shut their wholesale arm today .... oh and FRE and FNM are going to receive a BLANK CHECK BAILOUT from the US government effectivly tieing their debt to treasuries and making AAA US government debt trade like italian AA- bonds! the fed has effectivly suspended capitalism http://ftalphaville.ft.com/blog/2008/07/15...we-kid-you-not/ You now CANNOT SHORT many of the key US financial stocks... Theres just an error that comes up talking about borrowing requirment on the underlying market today I wanted to short FRE MS MER GS shorting these feckers is now Market maker only... its a freaking joke ... maybe they should suspend people going long on em to... maybe they should just set a state controled price for the stocks... who gives a feck though they probably insolvent if we can short em or not only a matter of time... yeah apart from that though everything has been fine Edited July 21, 2008 by jonpo Quote Link to comment Share on other sites More sharing options...
OLDFTB Posted July 21, 2008 Share Posted July 21, 2008 When you say lowering rates I take it you mean the usual 0.01% publicity headline grabbing drop traded for a hike in fees which never seems to get reported? Of course i do. You know, the kind of drop that inspires the Daily Express to publish a headline along the lines of: CREDIT CRUNCH OVER Quote Link to comment Share on other sites More sharing options...
crash2006 Posted July 21, 2008 Share Posted July 21, 2008 BTLers offering to pay stamp duty. Quote Link to comment Share on other sites More sharing options...
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