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Theres just too much bear food!

24

Comments

  • Exocet
    Exocet Posts: 744 Forumite
    No Graham, it's just an excuse for you to post the same article twice.

    With a different bearish thread title, to go along with the multiple other threads basically reporting the same capital economics or IHG press releases.

    It's not so much bear food, as the same old regurgitated bear vomit.
    Come on Hamish, play up and play the game. The loser applauds the victor, even through gritted teeth, secure in the knowledge that they are upholding British values of decency. It was a good day for bears, so take it like a man. Tomorrow it will probably be a good day for bulls.
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    luvpump wrote: »
    Its Beautiful !!! :rotfl: :D

    If I'd been waiting since November 2004 I would think so too (but the thoughts would be tempered by knowledge of the previous false dawns).:p

    Seriously though, two indices up one down (although Capital Economics are famous for their accurate predictions so that is a worry).:rotfl:
  • DervProf
    DervProf Posts: 4,035 Forumite
    edited 2 September 2010 at 7:41PM
    Exocet wrote: »
    Tomorrow it will probably be a good day for bulls.

    Nah, I doubt it.

    And I heard the (very honest and balanced sounding) bloke from Capital Economics on Radio 5 earlier. When he mentioned a posssible 20% drop, the presenter said something along the lines of "hang on, are you really suggesting prices could drop by 20% ?". It was as though he had predicted that Blackpool would win the Premiership, or that Sibley might admit that at least one house had fallen in price.

    I like the way that he then went on to say that people should treat their homes as a place to live, rather than a profit making investment. I`m suprised the BBC didn`t bleep him out.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    http://www.telegraph.co.uk/finance/personalfinance/7978210/Will-house-prices-fall-further.html

    All this kind of news isn't going to help propell prices upwards either.

    Capital Economics were on Radio 5 earlier, suggesting house prices could fall 20% from here. Another forecaster (didn't catch their name) said prices would continue falling now until mid 2012 as lending has been exhausted, those with cash have been exhausted, and those able to benefit from low interest rates have been exhausted and there is nothing left to exhaust...therefore prices will correct.

    Now, the papers are suggesting a house price crash, rather than stagnation or small falls.

    How much can this kind of news affect sentiment and therefore the market?

    Capital Economics - I think they've got a good track record:

    http://www.housepricecrash.co.uk/forum/index.php?showtopic=1234&st=0&p=13340&hl=%A3Capital%20Economics"&fromsearch=1&#entry13340
  • Pimperne1 wrote: »
    Capital Economics - I think they've got a good track record:

    Stellar......

    capital-economics-uk-house-price-forecasts.gif
    “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
    DervProf wrote: »
    Nah, I doubt it.

    And I heard the (very honest and balanced sounding) bloke from Capital Economics on Radio 5 earlier. When he mentioned a posssible 20% drop, the presenter said something along the lines of "hang on, are you really suggesting prices could drop by 20% ?". It was as though he had predicted that Blackpool would win the Premiership, or that Sibley might admit that at least one house had fallen in price.

    I like the way that he then went on to say that people should treat their homes as a place to live, rather than a profit making investment. I`m suprised the BBC didn`t bleep him out.

    Hear the women presenter draw a quick short breath in?

    Not sure how true, but they were joking she had invested in housing as a pension scheme!
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Pimperne1 wrote: »

    Far better than the CEBR or Housing Federation :rotfl:
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Pimperne1 wrote: »
    Seriously though, two indices up one down (although Capital Economics are famous for their accurate predictions so that is a worry).:rotfl:

    Interestingly I was reading at the weekend that Capital Economics are the most accurate forecaster of movements in base rate.

    This explains why they are able to charge subscription fees for their services. ;)
  • Thrugelmir wrote: »
    Interestingly I was reading at the weekend that Capital Economics are the most accurate forecaster of movements in base rate.

    This explains why they are able to charge subscription fees for their services. ;)

    It is interesting.....

    CE and CEBR are the most accurate base rate predictors.

    CE is the worst ever at HPI predictions, but CEBR are usually pretty close.

    Interesting indeed.
    “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”
  • Sibley
    Sibley Posts: 1,557 Forumite
    Ninth Anniversary Combo Breaker
    This thread proves beyond all doubt that bulls must hammer the bears badly at next rise. :rotfl:


    Look a them larging it up. Over poxy £2000 as well :rotfl:


    I've saved more than that on interest payments. I reckon we will get a small rise next month. Keep your powder dry. ;)
    We love Sarah O Grady
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