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London riots: If you listen carefully
Comments
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If this kind of thing happened in Bangkok where I used to live, or Hong Kong where I am now, the police would have no qualms about shooting one or two, and noone would bat an eyelid. The police would justify it on the basis that if you're in the area, you are ipso facto there causing trouble, so you're fair game. If you don't want to get shot, don't be where riots are happening.
This was the approach during the riots in Bangkok two years ago. Noone gave a damn. You just stayed away from the trouble spots.
Britain is pathetic these days - glad I'm out of the place.0 -
If this kind of thing happened in Bangkok where I used to live, or Hong Kong where I am now, the police would have no qualms about shooting one or two, and noone would bat an eyelid. .......
......an irony being that Hong Kong got all its laws from UK, and until 1999 was owned by UK.
I shall write to Cameron immediately suggesting that he should show sympathy on all these unemployed hoodies, and agree with the Chinese Government that they should be sent to HK as a 'land of opportunity' where they would see a myriad of good prospects and money.
...er.... Oh no..... I forgot. I think people have to work for money over there don't they? ..... I'll think again....0 -
ruggedtoast wrote: »you can hear the beginnings of a stampede of 'young professionals' bailing out of 'vibrant' areas. For sale boards going up, letters of two months notice being hammered out.
Suddenly a 90 minute commute on the 07.13 doesnt seem like such a bad idea?
I wonder what the effect will be on London's housing costs. I would imagine these areas will fall in value considerably now, even the most committed Guardian lovey has to be averse to being burned in their bed at night in a post code they know the police and fire brigade wont respond to.
Its a shame because it will mark a significant reversal in race integration and the beginning of further ghettoisation of certain ethnic groups.
The anger is against the rich. The destruction and mayhem will spread to the more expensive areas of London.
You are right a long comute will seem a better choice than sleepless nights every little noise.
More downward pressure on Londons house prices. That is before the big cuts start to bite and before interest rates go back up.0 -
More downward pressure on Londons house prices.
:rotfl:That is before the big cuts start to bite and before interest rates go back up.
The big cuts have already happened, they were front loaded.
Interest rates won't be rising for years. Chances are they won't cross 3% for a decade.
Even the HPC-ers have figured it out....
http://www.housepricecrash.co.uk/forum/index.php?showtopic=167742“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”0 -
HAMISH_MCTAVISH wrote: »:rotfl:
The big cuts have already happened, they were front loaded.
Interest rates won't be rising for years. Chances are they won't cross 3% for a decade.
Even the HPC-ers have figured it out....
http://www.housepricecrash.co.uk/forum/index.php?showtopic=167742
Sorry to break it to you, but the housing benefit cuts were postponed, no one had to move yet. Only if you do move then the cut rate will come into play. So when they do cut housing ben we will see this mass exedus out of London.
More supply and less demand = lower prices.
About interest rates, yes you wish they will stay down here for years yet, some disagree with you (shock) :eek:Interest rates will rise faster and higher than anyone expects.
For now, the Bank of England is not going to do much about rising inflation in the UK. Wages over here aren't rising especially rapidly, and that's what the Bank is really worried about.
However, as star hedge fund manager Crispin Odey noted recently, this means that when rate rises do arrive, they'll be much more aggressive than anyone expects.
And that'll force interest rates a lot higher, and far more rapidly than anyone expects. Odey mentions 7%, but doesn't see that as a ceiling. That would be bad news for most stocks, but worse for bonds and far worse for house prices.
Hamish will not like what Odey is saying, 7% and that is not a ceiling.
You need a lot of nerve to stay on a tracker for the next few years. Those who fix soon can sleep well at least for the term of their fixed rate.0 -
Hamish will not like what Odey is saying, 7% and that is not a ceiling.
Some random attention seeker from the internet, or the BOE, Morgan Stanley, and a selection of economists......
Hmmm, tough call.:rotfl:
Both Morgan Stanley analysts and the BoE have stated they believe the new neutral level for base rates is a lot closer to 2.5% than the 5.5% or so that was the case for the last decade.
And a lot of smart people agree.....
Douglas McWilliams, CEBR
I’d be surprised to see rates even as high as 3pc in 5 years time
Alan Clarke, UK Economist, BNP Paribas
Further ahead, the neutral level of interest rates has probably fallen by at least a percentage point, so the peak in rates will probably be only around 4pc or so but that is some way off.
Roger Bootle, Capital Economics
Interest Rates will stay below 1% for the next five years.
Danny Blanchflower, Professor of Economics, Dartmouth College
I agree with Roger Bootle that rates will have to stay at 1pc or lower for the next five years.
Peter Spencer, Professor at University of York, and Economic Advisor to Ernst & Young Item Club
I see them remaining very low over the next five years, reaching 3pc by 2015
Stephen Lewis, Monument Securities
Over the next five years, Bank Rate is unlikely to go above 3.5pc.“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”0 -
Tottenham have signed a new player - Grabbatelli....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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Could have done with that good ole Manchester rain last night, still not all kids are feral, I notice he has a face mask though
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Saw hundreds of people gathering this morning to clean up, restored some of my fair in humanity.
By boss wouldn't let me have the day off to help.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
...
Britain is pathetic these days - glad I'm out of the place.
No it's not. Far from it.
On the radio earlier they interviewed a friend of a Malaysian student who made the news when people who seemed to be helping him then robbed him of his possessions. The victim's mother was trying to organise funds to come over.
Literally, within minutes, there were offers coming in to the radio station from UK people offering to replace anything lost, contributing to any air fare needed etc.
The generosity of the UK people helping to clean up affected areas or donating via charities never ceases to amaze me. Few citizens of other countries come close in their generous nature.0
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