Monday, August 13, 2007

The feel BAD factor ..

Are you feeling bad enough yet?

The BBC never fail to impress and amuse all at the same time..

Posted by george monsoon @ 10:37 AM (470 views)
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3 thoughts on “The feel BAD factor ..

  • No, feeling great actually. This article is incredibly conceited and presumptious.

    Savers will feel ecstatic at the prospect of rising rates.

    But of course, they don’t get a mention because the BBC editors all have whopping great mortgages on their buytoilet properties.

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  • It’s easy to dismiss this as wishy-washy irrelevant nonsense, but consumer confidence or lack thereof is what will turn the housing market. The stock market is ALL about confidence, as we’ve seen in the last week.

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  • tony marshall says:

    “A lot of households don’t know what’s going to hit them” (Prof Buiter)

    So why no exploration of what the impact of this may be?? As they say at the start of the piece – John Major couldn’t make people feel better by cutting rates – we SHALL see that situation again, only this time it could be a bit more like the Japanese experience, so that no one feels confident to spend and everything heads down hill…

    Buiter goes on to say “However, household finances in the UK still are pretty strong – remember there has not been a collapse of the housing market or even a decline.”

    Why do even the so-called experts make the mistake of associating high property prices with strong household finances?? If we only had to pay £1,000 to buy a house, wouldn’t our household finances be a hell of a lot stronger?!!

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