Debate House Prices
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Umm, why is the FTSE up this morning?
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If the stories in the papers at the weekend come true and the B of E does downgrade this countries growth forecasts again this week, will that effect things on the markets?
Probably. Not necessarily downwards though. Don't forget lower growth implies lower interest rates which implies higher asset prices.0 -
Most of last week was just panic selling, think people have had time to calm down nowFaith, hope, charity, these three; but the greatest of these is charity.0
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Well someone had to speak too soon...
(currently down 1.55%)
"The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
the ECB buying debt is meaningless. Just another plaster on the gaping wound.0
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The_White_Horse wrote: »the ECB buying debt is meaningless. Just another plaster on the gaping wound.
The Italians bringing forward austerity is good news though.0 -
The Italian MIB has gone from a high of +4.8% to a low of -1.3% (and currently -0.5% as I type) in the space of two hours. The one predictable thing about today: it was always going to be volatile!"The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0
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Good analogy!
If the Italians follow through with what they've said then they should be ok. Spain though? I think they're toast.
Can you explain why Spain is different to Italy, overall debt to GDP ratio is higher in Italy, although Italy's budget deficit appears to be lower this year than Spain's as a percentage.0 -
nomoreboomandbust wrote: »Can you explain why Spain is different to Italy, overall debt to GDP ratio is higher in Italy, although Italy's budget deficit appears to be lower this year than Spain's as a percentage.
Because Italy seems to be taking credible steps to get a grip on the situation. Also, Italy has a realistic prospect of exporting her way out of trouble if the Government can cut taxes on business which seems possible.
Spain on the other hand has an insolvent banking system (certainly the 'cajas' appear to be), Spain's unemployment rate is 20.9% with youth unemployment approaching 50%.
I might be wrong but I think Italy may be able to stay solvent.0
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