Debate House Prices


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Umm, why is the FTSE up this morning?

2

Comments

  • lemonjelly
    lemonjelly Posts: 8,014 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    Generali wrote: »
    Good analogy!

    If the Italians follow through

    :eek:

    Scary analogy?
    It's getting harder & harder to keep the government in the manner to which they have become accustomed.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Mrs_Bones wrote: »
    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.
  • IronWolf
    IronWolf Posts: 6,426 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Most of last week was just panic selling, think people have had time to calm down now
    Faith, hope, charity, these three; but the greatest of these is charity.
  • Mr_Mumble
    Mr_Mumble Posts: 1,758 Forumite
    Well someone had to speak too soon... :p (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.
  • the ECB buying debt is meaningless. Just another plaster on the gaping wound.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    the ECB buying debt is meaningless. Just another plaster on the gaping wound.

    The Italians bringing forward austerity is good news though.
  • Mr_Mumble
    Mr_Mumble Posts: 1,758 Forumite
    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.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Mr_Mumble wrote: »
    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!

    Someone will be making a lot of money today.
  • Generali wrote: »
    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.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    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.
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