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Housing Supply falls to lowest level on record
And of course absolutely nobody anywhere could have seen that one coming as the inevitable result of a dysfunctional credit market that the government has spectacularly failed to repair despite a number of "too little too late" schemes. Anyway...…
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The coming robot zombie apocalypse of... Slapstick Comedy
http://gizmodo.com/at-the-darpa-robotics-challenge-we-saw-a-lot-of-robots-1709545034#_ga=1.215566612.2029516078.1433667850 Clearly only those with a more observational style will keep their jobs.
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Most significant on-shore oil find in the UK for 30 years
This was just breaking news on BBC Breakfast, so no link as yet. Beeb reporting that the most significant onshore oil find in 30 years in the UK has been identified. It's been found at Gatwick, near the airport. Early days, so no data yet on the real size of the find, but it is said to be significant, and could allow for…
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Re-wired must be a 'bot' no ?
No one would waste their time religiously thanking crashaholics all their life right ?
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The Rich Got Richer?
One thing I have observed regarding salaries since the economy crashed is that many salaries went up. As I have been a consultant during this period, I have worked in many companies and seen pay rises to be common-place throughout this time. There is a balance though - if you split a company into senior or junior positions…
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Why is nobody selling?
At least that's the way it seems. Saw a headline the other day saying % of houses sold every year has dropped from 12.5 to 5. Normally there are a dozen or so properties on in our area, with most gone by summer. Now there are only two or three, which go immediately. The same is true in the area we would like to move to.…
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Is it really that hard?
I get really fed up hearing about how hard it is for youngsters these days. We'll not only youngsters, anyone really. When I started work my pay as a graduate was £2800/year. My house cost me £5,000 two bed tiny terrace interest rate 6% Forty years later my salary is £28,000 - 10 fold increase House prices £250,000 - 5…
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Stigmatising of people on benefits
I saw a recent post about the government contemplating reducing housing benefit due to austerity cuts, it shocks me how some people tar all people on benefits with the same brush. But they are not all !!!!less, lazy people who want something for nothing and scrounge from the state. So many people find themselves in poverty…
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Nationwide YoY down to 4.6%
I know we don't really do house price indicies anymore but this and the recent land registry continue to show yoy [STRIKE]declines[/STRIKE] oops slowdowns. It will be interesting to watch the next few months to see if moderate price increases are the new normal or whether the slow down since last summer was just a…
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About time landlords and some proper updated legislation
I am endlessly reading about gay couples and ethnic minorities taking businesses to court for treating them differently in that they do not provide the same service as they might to a hetrosexual or white person, and quite rightly so in many cases. But looking at some rental property in Saffron Walden over the weekend it…
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Building houses doesn't lower prices
http://www.cityam.com/217357/uk-house-prices-building-new-properties-doesnt-drive-down-prices-study-shows I think it's actually an intreaging idea. I always suspected homes acted like roads do ( you build supply, you get more demand ). There is a massive development starting soon near me and I fully expect it to put the…
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Importing workers
This one all seems a bit stupid to me... The London Ambulance Service is experiencing a rather large crisis in recruiting, and keeping Paramedics. UK based paramedics are leaving the profession at rates of up to 30 per month. So basically, paramedics are being priced out of London by high living costs. So what do we do? We…
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US Q1 GDP numbers and Interest Rate rises?
http://www.bbc.co.uk/news/business-32931189 Is this in any way true, I thought US GDP figures were Q on previous Q change at an annual rate? Whatever the actual figures are, does this mean that the end of zirp in the US is pushed back again?
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#GoodNews € rising, Euro-zone unemployment at lowest level in 3years
GoodNews: The Euro is rising, Euro-zone unemployment is at its lowest level in 3 years and German unemployment is at a 24 year low: http://goo.gl/XFKqoF
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#GoodNews European economic sentiment index 'ESI' increases
GoodNews: As a whole, the Euro-zone looks set to have grown slightly faster than major international rivals such as the UK and the USA in Q1 2015. RealityCheck: Q1 2015 GDP growth: Spain +0.9%, France +0.6, Italy +0.3 over previous quarter, while growth in UK & Germany slowed to +0.3%.
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The Cumming Zombie Robot Apocalypse.....
....of those little cards you used to get in phone boxes advertising "O' Levels", "A' Levels", "Greek Lessons" and so on. http://www.economist.com/node/21611074?cid1=d/dsp/Outbrain/dyn/21611074/20150520-00:00am/paid/display-LA/BR-LC/BRPII/none/subs/AU/BR-MIT Definitely worth a read....
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Madness in the London Housing Market
Million pound council flat. http://www.standard.co.uk/news/london/madness-in-the-london-housing-market-tiny-excouncil-flat-on-the-market-for-115-million-10269280.html
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Sex 'n' Drugs 'n' ZIRP
How can the Fed (US Central Bank) increase interest rates when they are terrified of the market response and a third of traders on Wall Street have only worked when interest rates have been ~0% http://krugman.blogs.nytimes.com/2015/05/29/sex-and-drugs-and-zero-rates/
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PCS boss urges unions to 'fight like never before'
Sounds like Custer Last Stand. As membership declines. http://www.bbc.co.uk/news/business-32804970
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Osbourne's July budget
I reckon he is going for it big time so the government have time to recover before the next election. Prepare for a thousand cuts .... He seems determined to start asap !
