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Halifax figures Thursday - Chief Economist or Spin Merchant?

Here is an Interview with Halifax Chief Economist Martin Ellis back in April 2008. He really seemed to down play and spin the situation back then, will he have egg on his face with Halifax's figures on Thursday?

:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

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Comments

  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Couldn't listen to too much of it. That woman screetching away put me off!
  • ultra10
    ultra10 Posts: 379 Forumite
    He couldnt tell the truth..which I have no doubt he knew back in April .. or he would be talking himself out of a job .. so ofcourse its spin ... I take little if any notice of these interviews with people who have such a vested interest in talking the market up or minimising bad news, I have learned from personal experiance that these kind of interviews are usually full of sxxxe !
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Halifax figures out in a few hours . I wonder how Declan will take it on Breakfast news?:D
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

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  • Paul_N_4
    Paul_N_4 Posts: 344 Forumite
    brit1234 wrote: »
    Halifax figures out in a few hours . I wonder how Declan will take it on Breakfast news?:D

    Apparently they've been delayed til tomorrow. :confused:
  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite
    Paul_N wrote: »
    Apparently they've been delayed til tomorrow. :confused:

    They've probably sent them off to the turd polishers ... or maybe they're hoping that someone will buy a house. :rotfl:
    --
    Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Paul_N wrote: »
    Apparently they've been delayed til tomorrow. :confused:


    Yes they have to recalculate the season adjustment with the help of Mugabe.:rotfl:
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

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  • ginvzt
    ginvzt Posts: 4,878 Forumite
    1,000 Posts Combo Breaker
    So - when are the figures out???? I can't wait!!!
    Spring into Spring 2015 - 0.7/12lb
  • johnycoldears
    johnycoldears Posts: 119 Forumite
    ginvzt wrote: »
    So - when are the figures out???? I can't wait!!!

    Looks like it has now been put back to monday.

    http://forexfactory.com/calendar.php?do=geteventinfo&day=2008-7-7&c=2

    What is going on ?
  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite
    Looks like it has now been put back to monday.

    http://forexfactory.com/calendar.php?do=geteventinfo&day=2008-7-7&c=2

    What is going on ?

    The turd polishers are having more difficulty working up a shine than they previously thought.

    I expect that shortly we'll be hearing about plans to revise the way that these figures are collected and/or published. When they aren't showing what their vested interests want (despite any amount of massaging) it's time to change the rules of the game.
    --
    Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
  • ginvzt
    ginvzt Posts: 4,878 Forumite
    1,000 Posts Combo Breaker
    Did they make all their statisticians redundand and can't add up the numbers?

    Or the numbers are so unbelievable, that they are trying to recalculate and get either +10% or -10% and can't decide which one is correct????

    Oh well, give me the numbers - I'll tell you the results! I can do maths....

    Edit: When the figures were due out originally???
    Spring into Spring 2015 - 0.7/12lb
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