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Expert economists - the appaling record of prediction
Just a few examples I've gathered that demonstrate the appalling predictive record of economists and social scientists (and those using their works); 2007 – the consensus amongst Economist was that it would be plain sailing. The global financial crash came in 2008. In 2008 as oil surged to $140 a barrel, experts said it…
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Help to Buy
Remember the good old days when we always had about 6 threads on the go about Help to Buy instead of Brexit? Well it's being scrapped. Not a mention here - out with a whimper as expected. I remember Graham's analysis showing the increase in house prices that coincided with the moment George Osborne announced the scheme.…
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UK is 7th most competitive economy in the world!
Not sure if this has been posted before, apologies if it has, but surely good news. We must have been doing something right, especially with all that EU bureacracy holding us back, just like Germany, Sweden and Holland who are above us in the rankings .…
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Rightmove September house price report
http://www.rightmove.co.uk/news/house-price-index/
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Landlord trade bodies say the political fight against tax changes goes on
Cherie Blair doesn't seem to have done a good job. Landlord trade bodies say the political fight against tax changes goes on after High Court rejects legal challenge http://www.housingexcellence.co.uk/news/landlord-trade-bodies-say-political-fight-against-tax-changes-goes-after-high-court-rejects
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RBS squeezed struggling businesses to boost profits, leak reveals
Royal Bank of Scotland secretly tried to profit from struggling businesses, leaked documents show. The bank bought up assets cheaply from failing businesses it claimed to be helping, the confidential files reveal. Staff could boost their bonuses by finding firms which could be squeezed in what it called a "dash for cash".…
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Globl stocks vs london property - which is likely to be a better investment
Just want to start a debate here. which would be a better investment over the next 10 year - a globally diversified stock portfolio (index tracker) or london property? based on a return on capital employed. obviously property has advantage of leverage so can help with returns however what does everyone think will be a…
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Homes in the UK still very cheap/affordable
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I find this shocking
http://england.shelter.org.uk/campaigns_/why_we_campaign/the_housing_crisis/what_is_the_housing_crisis As a baby boomer I was able to buy my first property in the south east with my wife at 25. Not a grotty little flat but a 3 bed semi. Don`t see a lot of that these days. Ok, we now have very low rates of interest that…
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Masses leaving UK as sterling weakens more and more
Soon Ben Brits will be leaving the UK to try to earn other currencies to send home for their families back in the UK:):) Ok bit of an exaggeration, but will all the foriegners still flock to out shores with such a weakening currency? Will the ones already here want to stay if the pound continues to weaken? Who is going to…
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Sterling plunges over 6% against USD overnight in Asia
The pound suffered its biggest drop against the dollar since the Brexit vote on Friday amid warnings from the French president that the UK faced tough Brexit negotiations. Sterling plunged by as much as 6.1pc against the dollar to as low as $1.1841 in thin Asian trading. The fall coincided with comments by Francois…
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Pound going through the floor.
Currently 1.235 dollars to the pound. At one point it hit 1.20!! About 2 hours ago. At 7 mins past midnight it dropped from 1.26 to 1.20, wonder what happened then? It did bounce back to about 1.235 almost immediately though.
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House Market Quiet
Is anyone else finding the market is really quiet at the minute?
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May promises to help first time buyers
I wonder what it could be this time. Rent to buy your council house possibly ... any more per chance ? She seems to be preparing herself for raised interest rates with talk of 'helping savers' but can she raise interest rates whilst we are in Brexshit ? What will Hammonds November announcements be? (apart from boring)…
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Renting since 1998, better off than buying
A fantastic insight into the mind of a HPC Fanatic. This is a guy who lost his missus because he refused to buy a house years ago. http://www.housepricecrash.co.uk/forum/index.php?/topic/227260-10-drop-and-rentings-already-cheaper/
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May to lay into the sneering liberal elite today. At last!
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Here's one for you all - enjoy
How about this then? "The International Monetary Fund (IMF) has backtracked on its gloomy post-Brexit forecast for the UK, saying it is likely the country will be the fastest growing major economy in 2016." Fill your boots everyone, buy, buy, buy the time couldn't be better Cheers fj
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Hammond secures 3 billion for house builders
.. and ring fences a portion for 'small time innovators' who can build unusually 'fast'. Money for micro homes revolutions perhaps ?
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It's going to take years to renegotiate with the EU,
I have the answer on negotiating our trade deals with the EU and it's so simple no politician would ever recommend it! Just get the hundred top car salesmen on the renegotiating team. Job done Now wasn't that easy Cheers fj
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REMOANERS, get over it and back BREXIT.
Why are the REMOANERS, banging on about the exit vote.. They lost. There was no cheating like in sports, so please get over it and back your country. Just banging on about it is akin to a five year old behaving badly when they don't get their own way. You wouldn't find any BREXITEER, moaning about losing would you? They…
