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Debate House Prices


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So, is the recession over or not ?

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Comments

  • Chris2685
    Chris2685 Posts: 1,212 Forumite
    dopester wrote: »
    The US newspapers were full of green-shoots stories in Spring/Summer of 1930. The tone was optimistic. The economy didn't fall into total ruin the day the stock market crashed in '29. Attention to rising stock prices had all but overshadowed lingering concern about the events of "last October."


    It would certainly be interesting to read these newspapers so that history doesn't repeat!
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Yoshua wrote: »
    Very interested, yes couldnt agree more as it suits my personal agenda.

    i've added a bit for you that should make things much clearer for you.

    there's a big difference in what you hear/read, what you to believe and what will happen.
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    chucky wrote: »
    there's a big difference in what you hear/read, what you to believe and what will happen.
    I read about recovery being slow and drawn out, unemployment and taxes to rise, and spending cuts. This leads me to believe that house prices will fall a lot further. That's what I expect to happen.
  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    edited 14 June 2009 at 4:17PM
    Chris2685 wrote: »
    It would certainly be interesting to read these newspapers so that history doesn't repeat!


    You can buy originals on ebay for £50 Also there is a wall street trader close to a 100, he can tell first hand some of the measures but unfortunately no one in government is interested in listening to him.
    I doubt obama has a 30's copy of nytimes on his desk but I agree he should just for a brief glance or insight


    nweczb.jpg
    The newspaper splashed with the story that FDR had closed the US banking system – invoking the Trading with Enemies Act – and ordered the confiscation of private gold. From left to right, the headlines read: "Hitler Bloc Wins A Reich Majority, Rules Prussia"; "Japanese Push On In Fierce Fighting, China Closes Wall, Nanking Admits Defeat"; "City Scrip To Replace Currency"; "President Takes Steps Under Sweeping Law of War Time"; "Prison For Gold Hoarders".
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  • thriftybabe
    thriftybabe Posts: 689 Forumite
    mewbie wrote: »
    I read about recovery being slow and drawn out, unemployment and taxes to rise, and spending cuts. This leads me to believe that house prices will fall a lot further. That's what I expect to happen.

    Those that have jobs are also taking wage cuts and doing without bonuses also.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    thriftybabe wrote: »
    Those that have jobs are also taking wage cuts and doing without bonuses also.

    Some maybe, certainly not all.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    thriftybabe wrote: »
    Those that have jobs are also taking wage cuts and doing without bonuses also.

    all of those that have had jobs are taking pay cuts!?!?
    i never knew that - me, all my work colleagues and all my friends must be very lucky if they haven't had a pay cut :rolleyes:
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    mewbie wrote: »
    I read about recovery being slow and drawn out, unemployment and taxes to rise, and spending cuts. This leads me to believe that house prices will fall a lot further. That's what I expect to happen.

    where did you read that tax rises and spending cuts would stop house prices rising or house prices falling? i bet you made that up again didn't you?
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