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ONS- June: +2.3%
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Hey Hamish, your signature seems a little ironic....
“Just think of how stupid the average person is, and then realize half of them are even stupider!”
~George Carlin
"half of them" ?
Mr Carlin seems like he might be a little below average on the "stupid scale".30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Hey Hamish, your signature seems a little ironic....
“Just think of how stupid the average person is, and then realize half of them are even stupider!”
~George Carlin
"half of them" ?
Mr Carlin seems like he might be a little below average on the "stupid scale".
As any fool would know, it is the person who is median in the stupid stakes below which half the population is more stupid. Not necessarily the average.0 -
Loughton_Monkey wrote: »As any fool would know, it is the person who is median in the stupid stakes below which half the population is more stupid. Not necessarily the average.
Exactly.
Nice try George Carlin.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
HAMISH_MCTAVISH wrote: »Quite.
And not only that, but also despite the enormous headwinds facing the market.....
We have severe mortgage rationing, high unemployment, ludicrous deposit requirements, rate apartheid for FTB-s, the longest and deepest recession in history caused by a global financial crisis, falling real income, tens of thousands of repossessions a year, benefit cuts, public sector wage freeze, and banks subverting the low rate environment agenda of the BOE by making record high margins on new borrowing and ramping up interest rates on SVR-s.
It's the perfect storm for housing, yet prices remain just 10% or so below peak, have risen over 2% in the last year, and rents have soared to new all time record highs.
It's quite remarkable how badly the bears underestimated the impact on prices of the chronic and worsening supply shortage in the UK.
And given the market is performing this well in the worst economic environment for decades, it's quite staggering to think how big the next boom will be when the mortgage markets become less dysfunctional, the economy recovers, and the biggest generation of FTB-s in history (bigger even than the boomers) crash into the worst housing shortage and lowest house building rates since the 1920's with only one possible result..... And it ain't falling prices...
Hold on to your hats, the next boom will start soon enough and it's going to be absolutely massive.
Crikey, H. You're full of it. The brown stuff, I mean.FACT.0 -
HAMISH_MCTAVISH wrote: ».....We have severe mortgage rationing, high unemployment, ludicrous deposit requirements, rate apartheid for FTB-s, the longest and deepest recession in history caused by a global financial crisis, falling real income, tens of thousands of repossessions a year, benefit cuts, public sector wage freeze, and banks subverting the low rate environment agenda of the BOE by making record high margins on new borrowing and ramping up interest rates on SVR-s........
Do you mean we have record low mortgage rates, brilliantly low wage inflation, stable house prices, savings rates 2.5% above BOE base rate, government austerity rather than rampant spending, rising stock markets, record Olympic medals, a week of brilliant weather, pictures from Mars, Boris Bikes........
...er.. sorry. Mrs LM must have slipped some 'uppers' into my G&T...0 -
Loughton_Monkey wrote: »rising stock markets
See the only reason stock markets have gone up is traders have been on holiday over the summer. Strangely with them coming back shares are falling again and Greece/Spain are news headlines yet again.
By the way I cashed in my shares last week. If the FTSE rises well over 5800 in the next few months I would be wrong but I don't think that will happen. 5300 here we come.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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By the way I cashed in my shares last week. If the FTSE rises well over 5800 in the next few months I would be wrong but I don't think that will happen. 5300 here we come.
Another classic twit1234 prediction.
Will it be as embarassingly bad as the decision to pile into gold in Autum 2011, or the house prices 50% down by Christmas 2009 one?
Time will tell0 -
nollag2006 wrote: »Another classic twit1234 prediction.
Will it be as embarassingly bad as the decision to pile into gold in Autum 2011, or the house prices 50% down by Christmas 2009 one?
Time will tell
I'm surprised we haven't seen a bigger dip in the markets already. When a cash pile as large as brit's pulls out from the market it's gotta make those fund managers sit up and take notice.0 -
JonnyBravo wrote: »
I'm surprised we haven't seen a bigger dip in the markets already. When a cash pile as large as brit's pulls out from the market it's gotta make those fund managers sit up and take notice.
I suspect it's a strong "BUY" signal!!
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By the way I cashed in my shares last week. If the FTSE rises well over 5800 in the next few months I would be wrong but I don't think that will happen. 5300 here we come.
Company results on the whole have been disappointing. Investors are chasing high yields. An expectation that Europe's woes will be easily resolved. A recipe for a correction in my view.0
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