Tuesday, April 17, 2007

Yet more psuedo-economics from the BBC

Q&A: High inflation and you

Yet more peddling of the supply and demand myth from an unattributed editor.

This is classic lies:

However, the UK is very densely populated and the amount of new supply of housing stock coming onto the market lags far short of the demand.

Posted by paul @ 12:34 PM (455 views)
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5 thoughts on “Yet more psuedo-economics from the BBC

  • Shipbuilder says:

    “As a result, chances are that prices will not drop sharply but either slide or move sideways.”

    HAHAHAHAHA! Things must have changed since I was a kid – slides always seemed to ‘drop sharply’ in my memory. I must be going mad. As for prices ‘moving sideways’……

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  • It’s not really for the BBC to pass comment on whether house prices will fall or not. That’s purely a matter of opinion.

    Regardless, unless this is the true reason behind the house price boom, the repeating this line won’t make the slightest bit of difference.

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  • > As a result, chances are that prices will not drop sharply but either slide or move sideways.

    What does this mean? What’s a slide? What’s moving sideways? What chance is that, can we get a figure?

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  • One thing there always mentioning here is the interest rate percentage will never reach the high’s of the 80’s or 90’s. Are they not forgetting that the interest rate of 7% on 250k does just as much damage as 14% on 40k!

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  • “As a result, chances are that prices will not drop sharply but either slide or move sideways.” is not just a euphemistic statement, nor just an optimistic statement, it’s a statement saying that prices won’t just keep going up! On the mainstream media! When they start even hinting at the truth, you know the drop is on its way. This is “soft-landing” talk, just like they tried in the US when they first realised things were going wrong, and it won’t be any more true over here.

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