Jump to content
House Price Crash Forum

Recommended Posts

Uncontrolled inflation is doing real damage now.

The general population are beginning to realise how badly affected their income now and in the future, their savings and any future pensions are going to be hit if this carries on - or indeed they are already clobbered.

Smearing the debt problem using an iffy money printing policy so everyone gets a dose of it is a very unsound move.

Share this post


Link to post
Share on other sites

Wage inflation for construction workers does not exisit, soon that trend will be felt in other sectors...

Uncontrolled inflation is doing real damage now.

The general population are beginning to realise how badly affected their income now and in the future, their savings and any future pensions are going to be hit if this carries on - or indeed they are already clobbered.

Smearing the debt problem using an iffy money printing policy so everyone gets a dose of it is a very unsound move.

Share this post


Link to post
Share on other sites

+3.6% in May; -3.9% in June! Can we believe anything the ONS comes out with?

Needless to say there is heavy bleating for IR cuts in the MSM.

But retail has lived off MEW for the last ten years - retail collapse is totally expected. :o

Share this post


Link to post
Share on other sites

This is the clearest sign yet of what is really coming. Onced discretionary spending starts to seriously be reined in the job cuts aren't long to follow then it's a death spiral of decline for a good few years.

Share this post


Link to post
Share on other sites

According to Money Week, things are about to get even worse for beleagured businesses, especially those trading in overdraft or highly geared...

And here in Britain, one of the key measures of money,
'adjusted M4', which covers loans to UK businesses, has actually shrunk by 3.5% over the three months to May, according to Bank of England stats
. What's more, over the last four months, mortgage approvals have almost halved, said yesterday's BBA figures.
There's always a bit of a time lag before this lot hits the high street. But when it does, as Vicki Redwood says, "the consequences of this squeeze on capital for the real economy could be devastating".
In other words, the real credit crunch is about to begin. That means a brutally sharp recession, with much lower company profits and many more job losses. And your bank manager could be about to start getting extremely nasty.

Shrinking sales, squeezed margins due to higher input costs, increasing government regulation and the banks now starting to take back their umbrellas because it's p*ssing down outside.

I just wanted cheaper houses, not all this crap that goes with it. :(

Share this post


Link to post
Share on other sites
+3.6% in May; -3.9% in June! Can we believe anything the ONS comes out with?

Needless to say there is heavy bleating for IR cuts in the MSM.

But retail has lived off MEW for the last ten years - retail collapse is totally expected. :o

May had 5 saturdays, June had 4. Last year it was the opposite way around, is that taken into account in the figures?

Share this post


Link to post
Share on other sites

On time, just as expected. 6 Months after the crash is public knowledge and phase 2 begins--the spread to the wider economy. Expect massive increases in unemployment in the wake.

Share this post


Link to post
Share on other sites
According to Money Week, things are about to get even worse for beleagured businesses, especially those trading in overdraft or highly geared...
And here in Britain, one of the key measures of money,
'adjusted M4', which covers loans to UK businesses, has actually shrunk by 3.5% over the three months to May, according to Bank of England stats
. What's more, over the last four months, mortgage approvals have almost halved, said yesterday's BBA figures.
There's always a bit of a time lag before this lot hits the high street. But when it does, as Vicki Redwood says, "the consequences of this squeeze on capital for the real economy could be devastating".
In other words, the real credit crunch is about to begin. That means a brutally sharp recession, with much lower company profits and many more job losses. And your bank manager could be about to start getting extremely nasty.

Shrinking sales, squeezed margins due to higher input costs, increasing government regulation and the banks now starting to take back their umbrellas because it's p*ssing down outside.

I just wanted cheaper houses, not all this crap that goes with it. :(

Be careful what you wish for you will definitely get it! :P

Share this post


Link to post
Share on other sites
+3.6% in May; -3.9% in June! Can we believe anything the ONS comes out with?

Sure we can - and we can learn not to may much attention to noisy monthly figures.

Share this post


Link to post
Share on other sites
Very good point

Indeed, but we could smooth those figures and take the 2 months together:

End of April = 100 (to make it easier for me)

End Of May was therefore 103.6

End of June was 99.56

Therefore a 0.44% drop over those 2 months

Share this post


Link to post
Share on other sites

Volume is down

2008 04 -0.13%

2008 05 4.17%

2008 06 -4.52%

The last time it changed this much was 1991

1991 02 -2.74%

1991 03 6.20%

1991 04 -3.05%

Lots of stuff is just like last time, retail volumes should stay stable now.

Edit: Which means price not volume will decide the Retail sales in the next few months ?, I think

Messing around learning Open Office, DEVSQ

devsquarevolumelh3.gif

Source http://www.statistics.gov.uk/statbase/tsdataset.asp?vlnk=706&More=N&All=Y

Edited by maxwell

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 399 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.