Monday, Jul 24, 2006

The real reason the MPC won't raise rates in August

BBC News: UK total assets worth 6 trillion

UK assets were worth 6 trillion at the end of 2005, with property accounting for most of that wealth, the Office for National Statistics (ONS) has said. The Halifax has been keen to play down the threat of a housing crash, pointing to the UK's steady economic growth and interest rates.

Posted by paul @ 12:58 PM (549 views)
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3 Comments

1. bidin'matime said...

Flim-flam.

Monday, July 24, 2006 10:35PM Report Comment
 

2. Marcus B said...

Can you imagine the panic and chaos when this financial market does what all financial markets eventually do, and reverts to the mean...

Tuesday, July 25, 2006 01:21PM Report Comment
 

3. inbreda said...

Much though I'm waiting for the house price crash, I must say that I cringe when I hear people talk about mean reversion. It's a misquoted load of nonsense invented by the investment finance industry to try to make themselves sound clever to encourage lots of inherited wealth 'Tim nice but dims' to let them look after their money, encouraged along because Tim nice but dim was best buddies with Ginger whilst pretending to be soldiers at Sandhurst.

There is simply no such thing as reversion to the mean.

Tuesday, July 25, 2006 10:51PM Report Comment
 

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