Sunday, Oct 28, 2018

Is Stockman right?

Torygraph: Correction-stock-markets-getting-serious-way-go-yet

For all the talk of a correction, you have to wonder if Stockman is right and there is a "doozy" of a yield shock on the way that is going to push rates up to 5%, inevitably the UK would have to follow to some extent. Carney seems to be boiling the frog devaluing the pound but can he ignore? Certainly interesting times particularly if you have been convinced it all ends in tears for a decade....Deutsche bank on the brink, Italian government IOUs seem to be the Italian banks entire capital base, foreign holdings of US treasuries going down. Do we find, in the end, that the banks have once more lost the lot.

Posted by stillthinking @ 02:37 AM (831 views)
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1. tenyearstogetmymoneyback said...

Just to let you know comments are working again.

I emailed the site admin and they fixed it in about a day, emailing me back to ask if it was now working.

Saturday, November 10, 2018 05:40PM Report Comment

2. taffee said...

The recent post which got debate going again seems to be removed

Any idea why?

Sunday, November 11, 2018 05:20AM Report Comment

3. magnifico said...

@2 Embarrassment perhaps? Misplaced in my opinion.

Sunday, November 11, 2018 09:03AM Report Comment

4. quiet guy said...

The Moderator's decision to delete the previous posting looked heavy handed to me. If every problem is a nail ...

Sunday, November 11, 2018 12:00PM Report Comment

5. nickb said...

@4 the main thing is that its fixed!

Sunday, November 11, 2018 08:59PM Report Comment

6. stillthinking said...

I don't know why this site is still directed to be about a housing crash, even though clearly housing prices in the UK are dictated by government barring some extreme inflationary event. It should have moved on to being an economics forum which I think most of us are interested in, and more to the point as a subject matter has some legs. This site is past decline.. Personally I like it because I kind of know the other posters a bit, and also because its the only place where I can put my own views down.
Certainly the removal of the post wasn't necessary and also stinks of censorship, probably it was embarassment, plus a ridiculous comment by Libertas at the end

Monday, November 12, 2018 01:08AM Report Comment

7. tenyearstogetmymoneyback said...

The name has stuck because that is what happened last time. I guess George Soros has better things to do than push interest rates up to 15% nowadays.

Obviously House Prices are closely linked to Economics.
In fact I have often wondered "If everything in the shops was free would the average person be any better off ?

Obviously you can't live in a Smartphone. Another Forum I frequent is all about AV Gear. There I am usually posting about things like the fact that the people I bought my first house from had a £600 Video recorder in their £24000 house.

Monday, November 12, 2018 08:25PM Report Comment

8. nickb said...

@6 Perhaps because housing in the UK, the SE in particular, is still grossly overpriced, and this is a serious economic and social issue. It did crash, in 2008, just not as much as we were hoping, because the government's ability to shore it up is not perfect. Let's see with Brexit how good they are at keepy uppy. Whether pro or anti Brexit, most people expect it to have an impact - despite the fact that Carney says so...

Wednesday, November 14, 2018 04:20PM Report Comment

9. tenyearstogetmymoneyback said...

An interesting thought. Would the Brexit referendum have gone the same way if house prices had crashed? On the BBC forums the Brexiteers are delighted that more East Europeans are going home than arriving.

Wednesday, November 14, 2018 11:18PM Report Comment

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