Sunday, October 10, 2010

Uk outcome surely similar

Ireland land values fall 75%

the astonishing tulips from amsterdam uk housing market is almost certain to experience a pop of unimaginagle magnitude. Personally this could have a terrible effect on uk banks.I feel this pop will result in really nasty social unrest. Everything seems so wrong from bailed out banks paying huge bonuses,no prosecutions for the bankers and seemingly no regulation...all this whilst prosecuting the 'ants' for just about everything.If they hadn't bailed out the economy goodness know what would have happened..trouble is-it was just putting off the inevitable.

Posted by taffee @ 11:28 AM (1641 views)
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4 thoughts on “Uk outcome surely similar

  • …if only taffee, but it’s not happened so far despite your fair description and an essentially insolvent banking system this last two years past. The majority of people own or are in the process of buying the roof over their head – and the boomers are convinced things were just as hard in their free higher education, 3x single wage house buying days……so the great unmovable blob that thinks it can take it’s dosh with it, continues to stymie the younger generations chances of HOME ownership and family building – and ‘encourages’ the same generation to ‘compete’ with Polish coolies.
    Sick, class ridden, neo-feudalistic, Inselaffe, beggar your neighbour idiots who can’t see the wood for the trees.

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  • Two articles from today’s Independent.ie suggest how quickly things are deteriorating over there:

    Lenihan’s national unity call to face crisis
    Sunday October 10 2010
    The Minister for Finance Mr Brian Lenihan has dramatically called for an all-party “united national effort” to halt the country’s financial collapse.
    http://www.independent.ie/national-news/lenihans-national-unity-call-to-face-crisis-2372911.html

    Forget politics, our very survival is at stake here
    Sunday October 10 2010
    Party politics should be put aside in this country now. We do not have the luxury of deciding between the subtle differences in our political parties now. We do not have the luxury either of deciding between the various nuances of how they would all do the detail of what everyone agrees needs to be done. We need a national solution to a national crisis.
    http://www.independent.ie/opinion/analysis/forget-politics-our-very-survival-is-at-stake-here-2372817.html

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  • one can only hope the UK drops in the same way, judging by the new mortgage rules and the cross referencing with the tax office things will become very strange

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  • trouble is,just how bad are things under the surface?

    seems like a potential total 20 nightmare to me

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