Inflation - Interest Rates

Dan:_4

ad9898 wrote: »

Any need for that ?, one thing I'm seeing on here lately is the bulls are taking there new found fortune of positive house price news/spin and throwing it in the face of every bear on here, whether they be a nutter or a moderate one. It's not a good look. With the economy in the state it's in I'd be very surprised if we don't see further falls.

Come off it Ad - what about the amount of insults we took during 2008?

Generali

Really2 wrote: »

http://www.google.com/hostednews/ukpress/article/ALeqM5jQ9GI_ia_46qSp6DKorba4wyMibg

Britons reduced their mortgage debt by a record £8.14 billion during the first quarter of the year, figures have shown.
Falling house prices and the economic downturn have put people off taking money out of their property, leading to equity withdrawal being negative for the fourth quarter in a row.

Isn't out outstanding mortgage debt about £1,500,000,000,000? That would be about half a percent repaid. 'Deleveraging' will certainly be a feature of this recession (and what makes it last so long IMO) but that £8,140,000,000 is just the beginning.

bluey890

Generali wrote: »

Isn't out outstanding mortgage debt about £1,500,000,000,000? That would be about half a percent repaid. 'Deleveraging' will certainly be a feature of this recession (and what makes it last so long IMO) but that £8,140,000,000 is just the beginning.

Hyper-inflation will sort out the other 99.5%.

System

ad9898 wrote: »

Any need for that ?

It wasn't a particularly harsh comment, just noting that the usual crowd + a couple of sockies created purely for the purpose of upping post counts will thank anything regardless of it's accuracy and basis in fact, as long as it's negative.

Why defend something so pathetic, it's in no ones best interests.

Really2

Generali wrote: »

Isn't out outstanding mortgage debt about £1,500,000,000,000? That would be about half a percent repaid. 'Deleveraging' will certainly be a feature of this recession (and what makes it last so long IMO) but that £8,140,000,000 is just the beginning.

Indeed £23B paid back from march 08 to march 09.
The £1,500BN is total personal debt (well £1,449BN)

Mortgage debt is £1,227BN as per.
http://www.creditaction.org.uk/assets/PDF/statistics/2009/may-2009.pdf

ad9898_3

chucky wrote: »

ps. i thought that you were sure of further falls not "I'd be very surprised"

It was a slightly sarcastic comment, further falls are a shoe in, how much ?, don't know.

Dan: wrote: »

Come off it Ad - what about the amount of insults we took during 2008?

Fair enough, but I haven't insulted anyone, so don't much like be labeled as 'HPC ghetto'.

Dan:_4

ad9898 wrote: »

Fair enough, but I haven't insulted anyone, so don't much like be labeled as 'HPC ghetto'.

I never considered you part of the HPC ghetto, but your sure changing that way of late.

chucky

ad9898 wrote: »

Fair enough, but I haven't insulted anyone, so don't much like be labeled as 'HPC ghetto'.

it wasn't really directed at you... but you had started to agree with people just because they had disagreed with others not because they had a valid point... can you see that?

Dan: wrote: »

I never considered you part of the HPC ghetto, but your sure changing that way of late.

i've got to agree with this - but your MSE persona is very different to your HPC persona. we're seeing more and more of your HPC persona appearing on here, your HPC posts are rubbish by the way compared to your ones on here

i don't like the other one, prefer the one you have here. you've changed, i don't know how you are anymore

Generali

chucky wrote: »

you've changed, i don't know how you are anymore

When did this forum become a cheap soap opera? :eek:

Actually, don't answer that. I think it was about the time Never Disappear Girl stopped posting :.- (

chucky

Generali wrote: »

When did this forum become a cheap soap opera? :eek:

Actually, don't answer that. I think it was about the time Never Disappear Girl stopped posting :.- (

i have to answer that... actually don't have anything to really say about that.

btw... i always thought that you two had a little thing going... or that you were actually a couple... obviously not