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Mervyn King: UK House Prices Have Recovered 2/3 of Losses

1235

Comments

  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    DervProf wrote: »
    Blimey Graham, are you trying to chat up Julie ?

    Yep, I'm not sure, but I think I got the cold shoulder?

    :D
  • julieq
    julieq Posts: 2,603 Forumite
    Graham_Devon wrote: »
    Sexism? What? Because of the subconscience thing? Or was it fingers being burnt? The soft spot? Is that sexist?

    Genuinely confuddled. But nice to see the sexist remark pop out again :D

    I'm not doing very well lately. I'm sexist and racist. And I still don't even have a LED TV to make up for it :(

    Graham, your confuddling the pint completedly. Does Chewbacca live on Endor or does he not?

    Did you look up subconscious yet?
  • DervProf
    DervProf Posts: 4,035 Forumite
    Graham_Devon wrote: »
    I'm not doing very well lately. I'm sexist and racist. And I still don't even have a LED TV to make up for it :(

    A parasitic, sexist, racist. :eek:
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • DervProf
    DervProf Posts: 4,035 Forumite
    DervProf wrote: »
    A parasitic, sexist, racist. :eek:

    You could lose the parasitic status, LED TVs aren`t too dear, dear.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    DervProf wrote: »
    A parasitic, sexist, racist. :eek:

    Wonder how I become a biggot too. Maybe that's wrapped up under the two other titles?
  • DervProf
    DervProf Posts: 4,035 Forumite
    Graham_Devon wrote: »
    Wonder how I become a biggot too. Maybe that's wrapped up under the two other titles?

    Just keep typing. If they want to label you with "biggot", they`ll find a way.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    So back to UK house prices......
    “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”
  • PhylPho
    PhylPho Posts: 1,443 Forumite
    Part of the Furniture 1,000 Posts
    HAMISH_MCTAVISH wrote: »
    So back to UK house prices......

    Well, it'd be a good thing if we did and some posters stopped banging on about 'lax lending' in the USA as if it was the cause of the problem.

    There wasn't any 'lax lending' in the USA. There was instead a desire by various financial institutions to acquire vast profits from complex financial instruments whose performance depended on getting as many people into as many properties as possible because -- according to the creators of those instruments -- prices would never drop in the foreseeable future.

    Talk of 'lax lending' suggests that, somehow, a slip-up was made and that what should've been tight was, er, a bit loose. The opposite is the case: there was the tightest, most focused campaign to sucker in punters to sustain this latest tulip bulb miracle, and it certainly wasn't concentrated exclusively in the US.

    As for the wise words of Mervyn King, the BoE was so up to speed with what was unfolding around it during the developing financial crisis that it's quite clear we should all now believe it's up to speed with whatever is happening now.

    Or perhaps not.
  • DervProf
    DervProf Posts: 4,035 Forumite
    PhylPho wrote: »
    Well, it'd be a good thing if we did and some posters stopped banging on about 'lax lending' in the USA as if it was the cause of the problem.

    There wasn't any 'lax lending' in the USA. There was instead a desire by various financial institutions to acquire vast profits from complex financial instruments whose performance depended on getting as many people into as many properties as possible because -- according to the creators of those instruments -- prices would never drop in the foreseeable future.

    Talk of 'lax lending' suggests that, somehow, a slip-up was made and that what should've been tight was, er, a bit loose. The opposite is the case: there was the tightest, most focused campaign to sucker in punters to sustain this latest tulip bulb miracle, and it certainly wasn't concentrated exclusively in the US.

    As for the wise words of Mervyn King, the BoE was so up to speed with what was unfolding around it during the developing financial crisis that it's quite clear we should all now believe it's up to speed with whatever is happening now.

    Or perhaps not.

    ^
    ^
    ^
    Good post.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • Orpheo
    Orpheo Posts: 1,058 Forumite
    Recovered 10% of the 15% lost eh? 10% of 15% being 1.5%.

    Clever doublespeak Merv.
    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
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