Nationwide's Real 0.4% fall - December

JonnyBravo

mbga9pgf wrote: »

we are still well short of the typical long-run average.

(Assuming your source is correct) Agreed. About 20-30% down on transactions for a typical average. (why didn't you just use this in the first place instead of a silly and facile "only half of 2007" comment.... as if even the bulls want that.... perhaps bar Hamish?!)
Is this a typical situation? No.
When a typical situation returns (more credit, higher interest rates, no QE) then it will be a more valid comparison.

Rinoa

chucky wrote: »

:rotfl:

Oh dear, the bears are now plumbing the depths of NSA skullduggery.

Have they no shame? :rolleyes:

System

I still don't get the whole "When QE ends" thing. That money will all still be in the system, no? I'm guessing QE will end a long time before the money is removed, if it ever is removed.

chucky

Joeskeppi wrote: »

I still don't get the whole "When QE ends" thing. That money will all still be in the system, no? I'm guessing QE will end a long time before the money is removed, if it ever is removed.

it's another HPC.co.uk and Capital Economic myth that some people are still clinging onto.
it won't be removed overnight so that everything will collapse.

QE will be removed gradually when it needs to be otherwise it will damage the system you've just repaired.

System

chucky wrote: »

QE will be removed gradually when it needs to be otherwise it will damage the system you've just repaired.

Well that makes more sense to me than it suddenly ceasing to exist I suppose.

mbga9pgf

StevieJ wrote: »

But to my mind the inertia of a hung parliament is looking ever more likely :eek:

I will be opening 2 if thats the case. It will be carnage, with a flight from Sterling folloing in short order.

That is going to do wonders for increasing rates and lower house prices!

mbga9pgf

chucky wrote: »

it's another HPC.co.uk and Capital Economic myth that some people are still clinging onto.
it won't be removed overnight so that everything will collapse.

QE will be removed gradually when it needs to be otherwise it will damage the system you've just repaired.

So who will be buying the estimated 600 billion in government debt then over the next 5 years when QE ends this year?

HammerSmashedFace

chucky wrote: »

it's another HPC.co.uk and Capital Economic myth that some people are still clinging onto.
it won't be removed overnight so that everything will collapse.

QE will be removed gradually when it needs to be otherwise it will damage the system you've just repaired.

As it been repaired though or has QE just masked it ?, it's a question that still has to be answered. My point is if we stopped money printing and put IR's back up to 4% today the problems that we had at the end of 2008 would still be there, arguably worse.

So after 12 months or more, what exactly has been fixed and what has been masked ?

StevieJ

mbga9pgf wrote: »

I will be opening 2 if thats the case. It will be carnage, with a flight from Sterling folloing in short order.

That is going to do wonders for increasing rates and lower house prices!

Good to see you have the wellbeing of the country at heart

System

Carnage! \o/

Come on mbga, see if you can fit an armageddon in as well, and maybe apocalypse.