Likelihood of UK double-dip downturn dwindles

Jonbvn

Really2 wrote: »

It was never the "biggest financial disaster ever" though was it, it was since the 20's

I pointed out you were being a complete drama queen as usual. Even if you used the word "financial" you were being a drama queen.

Really2,

I have trade-marked this term, and it now costs £1 per use. An invoice for £2 is winging it's way to you.

BTW, given the DQ's on this board, I should have more money than Richard Branson sometime around Monday lunchtime.:D

Really2

tomterm8 wrote: »

From what I can tell, the statistics on new mortgage lending are also somewhat flawed, because they include remortgaging. And, lets face it, a lot of people expect that interest rates are going to rise soon.

http://www.independent.co.uk/news/business/news/mortgage-lending-sees-annual-growth-1787424.html

Mortgage lending has shown its first annual growth for more than two years and house prices are on the rise thanks to low interest rates and increasing economic confidence.

The lending industry's capacity to fund loans is still constrained, and consumers are showing little appetite for re-mortgaging, says the CML. Despite the strong growth in the number of mortgages for buyers, the re-mortgaging market remains weak. The number of people re-mortgaging rose by a fifth in July, compared with June, but was still a massive 53 per cent down on July 2008. And the total value of re-mortgages is still some 61 per cent down on last year at £4.7bn.

Sorry but I don't think many think rates will shoot up soon. The news as been filled on how low remortgageing is, the above goes some way to prove that. So growth as been from new loans.

Really2

Graham_Devon wrote: »

If a bull, maybe chucky, really could explain how we will stand on our own two feet I would be very interested, or maybe conrad could tell us how our spirit will sort us out.

No country stands are their own two feet, all countries rely on over seas trade and investment.

Perhaps if you could explain what "stand on our own two feet" means? perhaps we could.

Do you mean we are not at the moment and other country's and financial intervention is keeping us standing.

Say hello to the world, every one is doing it and we are all trading with each other.

If anyone thought the governments were just going to let everything fail, they really need to have a look at how they think the world works.

As for the QE aspect it as just plugged balance sheets for banks (like many of us said when they announced it unlike the people who stated hyper inflation)
Oh and a car scrappage scheme, oh what about that I thought all the money went abroad?

Graham_Devon

Really2 wrote: »

No country stands are their own two feet, all countries rely on over seas trade and investment.

Perhaps if you could explain what "stand on our own two feet" means perhaps we could.

Why, did you miss the other paragraphs which led up to the questions, all about stimulus?! LOL.

Forget the question originally asked.

Can I ask how you got to that answer, from my post!?!?

Graham_Devon

I have literally no idea what you are going on about Really.

Really2

Graham_Devon wrote: »

I have literally no idea what you are going on about Really.

The story of the board and your life Graham? How are nominal and real prices at the moment?:rolleyes:

It is as clear as your hypothetical point posts.

nembot

Can I just say aubergine?

Makes about as much sense as the bulls on this thread.

purch

Are you claiming you are not?

What are you claiming you are then?

This really is rather pathetic !!!

It's not a Badge, or a Club.

You don't have to of only one opinion, and one opinion only. Most people have brains capable of assimilating information, and forming views and opinions based on what they find.

It should be a constantly evolving situation, not a fixed situation.

If you have a 'closed' mind, you will always be struggling to keep up.

Really2

I had a thought last night the people considered as bulls:rolleyes: on here.

Were last year saying.

• House prices 20-35% down from peak.
• Recession to end around the end of this year start of next year.
• BOE IR rates to remain low due to defaltion risk, slow economic recovery.

How the hell was any of that bullish? Some of it might even be over bearish.

What did some of the favorite bear:rolleyes: predict, I think we know (so I wont dig out the links and show up any posters)

I think you (Graham,bears:rolleyes:) should be telling the bulls:rolleyes: why you think the country can't stand on it own two feet and back it up with some facts.

I don't think the bulls:rolleyes: on here have much to answer to,

But some of the bears:rolleyes: may want back up some of their opinions with some cold hard facts (like Dopester or AD did to give you an idea)

How I see it.

The bulls:rolleyes: were actually bearish and to a greater extent a lot more acurate than nearly all of the bears:rolleyes: on here.

As Purch said bear or bull is actually how you perceive a market to be going, not a badge or a club.

It would be great for some to get away from "he's a bull he's wrong" posts as it adds F'all to the forum or debate.

Graham_Devon

Really2, what on EARTH are you going on about?