repossessions fall 24% in 2010 compared to 2009

Thrugelmir

de1amo wrote: »

--the İrish problem was due to a high valued currency and the speculators taking on the banking system there

The Irish banks didn't need speculators to bust them.

de1amo

i go back to the oil production in the northsea--i have been advised that the peak was acheived in 1999 a 3 million barrels and is now down to 50pc of that and reducing by 20pc a year--i cant do links sorry--it just confirmed the bloomberg facts--take away the only resource the uk has it is irrelevant how much people think their homes are worth because without any revenues to underwrite the uk economy we are doomed--i actually got out in 2006 because i saw the debit crisis and really hope the homes market finds its real level and not artificial hyped rates that now exist--one thing the speculators need is a new 'mark' and after ireland spain and portugal i think the uk is next

rich744

The is a mass reluctance to repossess. This is the reason for the low figure. An increase in repossessions will only increase the financial woes for society at large....

A colleague at work has not paid their mortgage for 9 Months! Yes, they have had threatening letters - but no repossession action is underway.........

Interest Rates will stay low - those that have the most, have the most to lose............

toby3000

Somewhat off-topic I know, but it's not really fair to compare growth rates in developed economies and in emerging markets.

chucky

DervProf wrote: »

Aren't the rates in the US quite low ? 1% ? Did they increase rates recently (I have a feeling they did) ?

In the case of the US, their economy is a bit dodgy (as are their debt levels).

What that all means, I don't know, perhaps you'd like to enlighten me.

Blimey, it appears we're "getting on".

I wonder who'll crack first ? Will it be me, or Chuckie Egg ?

Ahem. Serious question - low interest rates, what are the pro's and cons ?

no, rates have been at 0.25% for the last 2 years
http://www.tradingeconomics.com/Economics/Interest-Rate.aspx?Symbol=USD

de1amo

i think the Us recovery is all an illusion sponsored by china who have a just the odd trillion dollars of currency-the american fundamentals are spend spend spend to drive the economy but times have changed and the Asian tiger now controls the world global economy and that runs contrary to spending--saving and diligence is rewarded and the change of power is happening whether the americans know it--when it happens the americans will be so indebted they wont know what has hit them--and anyone else who has debt in this changing world!