Tuesday, September 24, 2013
Moneyweek Now Bullish On UK Property
Take advantage of Osborne’s boom
Chancellor George Osborne seems determined to stoke a pre-election house price boom. The coalition has launched two separate schemes that are both designed to push up mortgage lending in the UK. Potential homebuyers with a small deposit are now much more likely to get a mortgage. That in turn is already driving house prices higher.
Posted by khards @ 10:49 AM (3449 views)
20 thoughts on “Moneyweek Now Bullish On UK Property”
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montesquieu says:
Interesting … you could read this the other way, that Moneyweek (like many here) have been so wrong for so long that this is a signal of a market about to turn ….
taffee says:
when the last bear turns bull and all that
Timothya says:
I notice they are only recomending investments that you can get out of fast (shares) not buying property. So they still seem on the side of a crash at some point.
rumble says:
When the last bear turns bull, the defeat is complete.
taffee says:
that’s when things will change..in march 2009 pessimism was at 97%(in stocks)
in October 2007 several indicators were at extreme highs
currently some pindits have all indicators at highs or extreme highs
lets face it stockmarket at new highs(USA) and property booms don’t or shouldn’t happen in any depression or age of austerity I have heard about,so things can change pretty quickly
britishblue says:
i was invited to a corporate jolly the other day and a load of bankers were there. When they got drunk they all admitted it was a surreal Ponzi economy, but now believed that unless a ‘crisis’ came out of nowhere that low interest rates and quantitative easing and rampng up assets will go on indefinitely. If its been 5 years, why shouldn’t it be 10?
tom101 says:
So where is the next crisis?
icarus says:
bb – a crisis out of nowhere in a Ponzi economy – isn’t that an oxymoron?
techieman says:
” rampng up assets will go on indefinitely. If its been 5 years, why shouldn’t it be 10?” – hmmm… im minded of old Irving …
“On October 23rd 1929 Economist Professor Irving Fischer announced that
“Stock prices have reached what looks like a permanently high plateau”.
The next day the Dow Jones gapped down 10% in the first few minutes of trade and did not recover to that point in inflation adjusted terms until the 1960’s.
The classic of this is what he says about not buying on margin – considering margin was his middle name!!
Now who says economists cant trade the market…… 😉
vinrouge says:
“So where is the next crisis?”
A shortage of zeroes or space to print them.
flashman says:
@5. I’ve known hundreds of bankers over the years and none of them talk like, or remotely think like that. I am a bit dubious. It sounds like a fanciful bloggers projection
Dill says:
Faisal Islam: On Miliband: shaping dysfunctional markets is not socialism
cornishman says:
9. vinrouge said…
“So where is the next crisis?”
A shortage of zeroes or space to print them.
– no need to print them nowadays. Maybe that’s part of the problem.
mark wadsworth says:
“When the last bear turns bull”
I love all these trading myths as much as the next man, but is there any evidence for it?
What if I am the last bear to cave in, and I am just about to sign on the dotted line, will the market still collapse if I hover with my pen for a few days longer?
khards says:
@mark – after the 30 days cooling off period.
nod2glod says:
@12
“When the last bear turns bull”
This points out the obvious that when everyone who is going to, or has the able to buy, has bought, then there are only sellers left and the price moves down.
I think this saying very neatly sums up the psychology of market cycles.
mark wadsworth says:
Nod, that is a good explanation, thanks.
khards says:
@nod – ” when everyone who is going to, or has the able to buy, has bought, ”
That is when the government and central bank step in – Is there a name for that?
nod2glod says:
Think it’s called a banana republic
Dill says:
Naivety or agenda?