Rightmove October +2.8%, London records biggest ever indice rise at 6.5%

purch

has the QE money gone to strengthen balance sheets or has it gone straight to the trading desks?

Balance Sheets.............but of course as the balance sheets improve, it makes trading in all markets much much easier for Banks to undertake, hence the improvement in results, hence the bonuses.

purch

What's BAU please?

I thought it was a ticker symbol :eek:....................and it is...Bauxite Resources Limited from Gens neck of the woods :cool:

chucky

purch wrote: »

Balance Sheets.............but of course as the balance sheets improve, it makes trading in all markets much much easier for Banks to undertake, hence the improvement in results, hence the bonuses.

damn you!! why do you need to be so realistic Purch!?!?!?

i was putting a forunomics urban myth out there and you go and spoil it for me!!

StiflersMom

kabayiri wrote: »

[If I were a Londoner, I'd vote to flog off everything north of watford, and keep Cornwall/Devon for weekend holiday trips!]

Vote kabayiri for President of the Peoples Republic of Londonium

:beer:

kabayiri

StiflersMom wrote: »

Vote kabayiri for President of the Peoples Republic of Londonium

:beer:

Hey, I'm living in the frozen North, so I shouldn't be putting ideas about!

But, before you privatise the North West, or Midlands, might I suggest :-
- sell Scotland back to the Scots; including the jewel in the crown that is clearly Aberdonia .

chucknorris

kabayiri wrote: »

I suggest :-
- sell Scotland back to the Scots.

No wait! lets use up all the North Sea oil and gas first

Dan:_4

I must pop over to HPC.co.uk ths afternoon, they will be crying dispair over this, and I could do with a good laugh.

IveSeenTheLight

dopester wrote: »

That isn't best for me whatsoever. Markets don't play out in some cuddly way to be best for everyone. Not when houses are so ridiculously overvalued to all the underlying economic circumstances.

House prices have seen hyperinflation under Labour and a lot of that has to correct.

The housing market has corrected dopester.

House prices dropped circa 20% (similar to last correction) and are now very near the 30 year long term trend

Mr_Mumble

This could well kill off the idea of further QE:

4. Won’t quantitative easing just pump up house prices again and lead to more of the same problems?

Monetary policy, including quantitative easing, seeks to stabilise inflation at the 2% target over the medium-term. The MPC does not target house prices, or any other asset prices for that matter, although it does take them into account when forming its judgement regarding the medium-term prospects for inflation. If quantitative easing ends up stimulating the housing market unduly then it is also likely to stimulate spending more generally and the MPC will in that case need to be tightening policy in order to hit its inflation target. But the experience of the past few years has shown that asset prices can rise rapidly even when the prices of goods and services are stable. So the FSA and the Bank will need to be on the lookout for evidence of unsustainable developments in housing and other asset markets.

Wookster

Generali wrote: »

Really? London (asking) prices higher than they've ever been in the face of a banking crisis and a recession?

Anything's possible I guess.

Its living in denial isn't it?

Guess that cash rich buyers will be looking in nicer areas where there aren't a great deal of properties available.

I simply cannot see a return to the fast and loose days pre 2007 that almost brought the entire western financial system to collapse.