Tuesday, October 10, 2006

US First – UK 2nd !!!

Why The US is Heading For A Fall

This tells us the US is in big trouble with the housing 'bubble' !!! Well at least they are honest over there and admit it is a bubble. The UK is the same and we are just behind them. Inflation here is up - debt is saturated - and rates have not even moved. The Govt is having to paint much faster to cover the cracks these days... one day the paint is not going to work.

Posted by waitingfor hpc @ 12:42 PM (517 views)
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8 thoughts on “US First – UK 2nd !!!

  • Sterling is dropping nicely since last week’s IR fiasco. So Mr Brown what’s it going to be? Inflation or higher interest rates. You can’t carry on painting over the cracks forever mate.

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  • soviet-

    what’s it going to be? Inflation! And we wont see a HPC!

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  • Comrade,

    They will always choose inflation. It is the path of least resistance.

    Miniftse,

    But we will still see a HPC.

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  • Glorious Sunshine! says:

    My advice? Buy! Buy! Buy! and borrow to the max to do it!
    I have been studying peoples opinoins now for years and what is perfectly clear is this – those that rent recommend renting and those that have bought recommend buying! All I will say is this…those with the money – WHAT DO THEY DO? No body rents with money! Who would go to Hertz for a car to get them to work? Or buy a cheap banger? I would go for the old banger every time without question.
    Who cares what house prices do short, medium or long term? At least when you are old you are rent free if you buy. Good luck to all that are doing their best to progress. And, remember that TWAT brown gives tax breaks to BTL so real people dont count in a Labour world! Bring back maggie she was lovely!

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  • sovietuk…
    Noticed the sterling fall too, with a special sense of satisfaction, as I called that particular consequence to Mr. Browns’ plan, on this forum, on the announcement of the failed IR rise. Having no sense of loyalty at all, the billionaire monies are immediately headed for the US and 5.25 — where they can “clean up” on a daily basis at that differential. Some people have to learn the hard way. Too bad there is very little benefit for the average citizen. Except that these trends eventually may be convincing to the BOE?

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  • Sterling has also slid against the Aussie dollar in the last week, no movement on the Euro/Sterling relationship despite a 0.25% Euro IR hike.

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  • How does one open a USA savings account ??has anyone got any links ?

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  • Jackpot06…
    It’s just as hard to open one there as it is here unfortunately. You have to be resident and produce utility bills and proof of your status in the country. Just opening a dollar account offshore or over here won’t attract the interest rate, so not helpful. Must be an account on US soil. That’s why only the billionaire types with beaucoup de business connections and other addresses and contacts really benefit from this news. Yet again.

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