Debate House Prices


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2010 predictions thread.....

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Comments

  • nearlynew
    nearlynew Posts: 3,800 Forumite
    Why do you think McTittish predicted falls in house prices over the winter?

    Was it because of some in depth analysis and knowledge of the housing market?

    Or was it because that was what the mainstream media was telling him would happen?
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • stueyhants
    stueyhants Posts: 589 Forumite
    Part of the Furniture 500 Posts
    Emy1501 wrote: »
    .... If Cameron needs to cut a million jobs after the elections he will just tell us all that the finances were way worse than first thought and it was all Labours fault. No point alienating the whole public sector now is there?

    By not revealing the total cuts now Cameron might start to worry the bond markets before the election. If the markets don't believe that either party have the balls to tackle the deficit I can't see this being good for our credit rating.
  • Turnbull2000
    Turnbull2000 Posts: 1,807 Forumite
    Minority Tory government
    QE continued indefinitely
    11% HPI
    Proposed BTL and tenancy reform quietly dropped
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Generali wrote: »
    11 - England go out to Spain in semis. Which group are Scotland in Hamish BTW?

    :D

    That would be the "useless bunch of tw4ts that can't qualify for a major tournament" group.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    stueyhants wrote: »
    By not revealing the total cuts now Cameron might start to worry the bond markets before the election. If the markets don't believe that either party have the balls to tackle the deficit I can't see this being good for our credit rating.
    but then again by not revealing the proposed cuts; is this something that would worry the bond markets anyway. it's looking more and more like the markets aren't too interested in these cuts as being too big an issue for them. but let's wait and see...
  • stueyhants
    stueyhants Posts: 589 Forumite
    Part of the Furniture 500 Posts
    chucky wrote: »
    but then again by not revealing the proposed cuts; is this something that would worry the bond markets anyway. it's looking more and more like the markets aren't too interested in these cuts as being too big an issue for them. but let's wait and see...

    We can't keep spending at this level, the markets are looking for cuts. How much is anyones guess and like you say it's going to be watch and wait. That said I don't think it's wise to be playing chicken with the market when the stakes are this high!!
  • Emy1501
    Emy1501 Posts: 1,798 Forumite
    stueyhants wrote: »
    By not revealing the total cuts now Cameron might start to worry the bond markets before the election. If the markets don't believe that either party have the balls to tackle the deficit I can't see this being good for our credit rating.

    Cameron has said there would be a budget within 50 days of the election. The credit agencies have said they will decide the UK's position after that unless there are any problems before the election. I suspect thats why there were not too interested in the PBR as 1) unlikely Labour will be in power after June and 2) you don't win the election by the telling the truth as Labour found to the cost in 92.

    Therefore unless the economy starts to struggle etc I suspect he can say what the public want to here for the time being.
  • It's predictable that many of the loudest critics of the more bullish posters don't have the balls to make their own predictions in this thread.

    Far easier to just sit on the sidelines and snipe at those who do....:rolleyes:

    Still, I suppose after how badly they all seemed to get it wrong for last year with their proclamations of doom, probably for the best.;)
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • Emy1501 wrote: »
    Cameron has said there would be a budget within 50 days of the election. The credit agencies have said they will decide the UK's position after that unless there are any problems before the election. I suspect thats why there were not too interested in the PBR as 1) unlikely Labour will be in power after June and 2) you don't win the election by the telling the truth as Labour found to the cost in 92.

    Therefore unless the economy starts to struggle etc I suspect he can say what the public want to here for the time being.

    So just to be clear....

    Your prediction is that one of the major parties will create a purely fictional manifesto, outlining policies they have no intention of honouring once elected. That they already have a "secret agenda" for massive cuts.

    And that once elected, Cameron will produce an emergency budget with huge cuts almost immediately, and that this will go far further than the manifesto, in fact, it will run contrary to the manifesto and pre-election promises, which are already committed to job creation and savings through public sector pay freezes, not mass redundancies.

    And that these cuts will include mass public sector redundancies, and all this will cause house prices to fall off a cliff.

    Is that right? Just so we are clear and all... Because whilst you have not yet specifically stated some of that, you have disagreed with my analysis and Camerons own words, and stated you think he is lying. And the opposite of what I said, would be the above....

    As I'd like to come back to this thread in 7 months and make you eat a very large slice of humble pie....;)
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    It's predictable that many of the loudest critics of the more bullish posters don't have the balls to make their own predictions in this thread.

    Far easier to just sit on the sidelines and snipe at those who do....:rolleyes:

    Still, I suppose after how badly they all seemed to get it wrong for last year with their proclamations of doom, probably for the best.;)

    It's for that reason I won't be predicting anything. It just gets dragged up months later.

    That, and, I think the whole economy is far to volitile to predict anything in all honesty. I can guess, but can't predict, so have taken the course of the CML and declined :)
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