Friday, July 20, 2007

Landlords victims of their own success

The UK economy grew at a faster than expected rate

"The Bank's rate policy remained "in a pickle" said David Brown of Bear Stearns, agreeing that further rate hikes were likely. "UK growth is very strong, inflation is too high and monetary expansion is running far too fast. There is no end in sight to the current rate tightening cycle"

Posted by confused76 @ 12:11 PM (548 views)
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4 thoughts on “Landlords victims of their own success

  • Wheres TLA gone? I thought he might last another week?

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  • little professor says:

    Why is anyone asking Bear Stearns for advice anymore?

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  • Double digit SVRs are on their way. Tough sh*t.

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  • the bald man says:

    The majority of growth is related to consumer spending. That says it all. We no longer manufacture we borrow to buy imported goods by mewing against our illusory property profits.

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