Bank warns of 'deep recession'

Really2

Wookster wrote: »

You're being a bit overly sensitive.

Well a thread was dragged of topic yesterday by such remarks as I am sure you are more than aware.

I am trying to keep it on topic.

Wookster

mbga9pgf wrote: »

I have come to the conclusion once my tesco bonus rate lapses next jan, it will probably be financially inviable to keep my deposits in the bank. Which means I will pull the lot. What I will put it into I am not sure.

11 months and counting!!!

There will be an awful lot of us in the same position - whoever is able to spot appreciating assets will be in the minority, thats for sure.

Dithering_Dad

!!!!!!? wrote: »

rrrrrright, so this:

constitutes an "inflamatory (sic) personal attack" in your book then, does it? Good grief.

You are the one throwing around 'doomer' accusations by accusing some here of wanting to see total economic meltdown in order to get a cheap house - a patently ludicrous accusation - and when I point out what a load of rubbish that silly stance is I'm being inflammatory and personal. Catch yourself on.

Give it a rest !!!!!!?

Prove that you're indeed 'sick of all the argie bargie' on MSE and just get on with debating the subject in hand. Please.

mbga9pgf

Well, I hope to be sufficiently savvy financially to make a killing when the time comes!

Really, you forget the power of the depositors though.

Want to see what can happen when we all pull our savings unless savings rates outpace inflation by 2%?

Gordon is arrogant but not stupid. Debtors are screwed. They took the cash. Gordon knows depositors have him by the balls if he tries to inflate this one away.

WTF?_2

Really2 wrote: »

Being sarcastic is being inflamatory yes.

It is true some on the board want a mad max senario. I don't see how you have not managed to see the posts.

Sarcasm is a pretty good tool for exposing stupid comments - like your accusations that people here actually WANT total meltdown.

Which people actually want a total collapse because they think it would mean a cheaper house? Who are these people exactly ... or is it just yet another way of attacking the messenger because you don't like to hear the message?

Really2

Wookster wrote: »

There will be an awful lot of us in the same position - whoever is able to spot appreciating assets will be in the minority, thats for sure.

In my opinion their will be no instant appreciating assets in the next 3 years+

But if you are looking long term around that time buying a house may be worthwile. With the BOE perdicting inflation to be around 0.5% in two years time you will certainly get a reaonable mortgage rate.

But in the end it depends on the reason you buy for if it is short term gain other assets would I dare say perform better (especialy after costs)

Really2

!!!!!!? wrote: »

Sarcasm is a pretty good tool for exposing stupid comments - like your accusations that people here actually WANT total meltdown.

Which people actually want a total collapse because they think it would mean a cheaper house? Who are these people exactly ... or is it just yet another way of attacking the messenger because you don't like to hear the message?

Oh !!!!!! keep it on thread for FS.

there of been many people say bring on riots and the colapse of our cizilization as we know it and I have got better things to do than just go through the forums to find them

If you don't belive me spend more time reading and less time trying to bring this thread off topic.:rolleyes:

I am not the only person on this thread who acknowladges it.

mbga9pgf wrote: »

Oh, I will still get my cheap house, just without the barbed wire and machine gun!!

Wookster

Dithering_Dad wrote: »

Give it a rest !!!!!!?

Prove that you're indeed 'sick of all the argie bargie' on MSE and just get on with debating the subject in hand. Please.

You (Dithering Dad) just made my ignore list. You have NOTHING constructive to say so just keep your hands away from the keyboard.

mbga9pgf

Buying for long term home. Which means maximising my net worth vs price of a home. With prices faling over the cliff in the not too distant future, I am on track for that. What I do with cash between now and then is very difficult to say. Everything bar cash is so damn volatile at the moment.

lostinrates

mbga9pgf wrote: »

Buying for long term home. Which means maximising my net worth vs price of a home. With prices faling over the cliff in the not too distant future, I am on track for that. What I do with cash between now and then is very difficult to say. Everything bar cash is so damn volatile at the moment.

I'm not finding cash so darn comfortable either ATM.