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BBA Mortgage approvals up, and other data, has everyone given up?
Really2
Posts: 12,397 Forumite
Not that any one seems bothered it was out on Tuesday
33.4K Highest level for the last 12 months.
Industrial orders out on the same day, even though only showing 1 the forecast was -13 and was up from -10!
Consumer confidence has slipped to 49 from 51 but was forecast to be 46.
So although not great a lot of these are a lot better than was expected?
Have we now given up on data?
33.4K Highest level for the last 12 months.
Industrial orders out on the same day, even though only showing 1 the forecast was -13 and was up from -10!
Consumer confidence has slipped to 49 from 51 but was forecast to be 46.
So although not great a lot of these are a lot better than was expected?
Have we now given up on data?
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Comments
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Given what's been going on I reckon that is a pretty decent set of data.
I think that we're short data and long pointless bickering. It happens every August.0 -
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Data schmata potato. (pronounced potater for rhyming effect please
)
Up, down, all around.
I'm tracking my bank balance, my portfolio value and nothing else. I think the rest is all spin and stuff. That fella naerlynew told me so. SO it must be true.0 -
Not that any one seems bothered it was out on Tuesday
33.4K Highest level for the last 12 months.
Industrial orders out on the same day, even though only showing 1 the forecast was -13 and was up from -10!
Consumer confidence has slipped to 49 from 51 but was forecast to be 46.
So although not great a lot of these are a lot better than was expected?
Have we now given up on data?
To be honest I pick up a lot of my titbits from HPC but this has the disadvantage that they don't tend to report news which is good for the country/homeowners/FTBs.0 -
Graham_Devon wrote: »Yes. Did you know geener said "biblicocks" on another forum?
Is that a vicars genitals?0 -
Given what's been going on I reckon that is a pretty decent set of data. .
TBH that is what I thought, i would have thought industrial orders and consumer confidence to be lower than expected.
Mortgages are much of a muchness, they have been very low for a year now, highest in 12 months is not that much TBH (lowest in 12m is 28.7K).0 -
JonnyBravo wrote: »Data schmata potato. (pronounced potater for rhyming effect please )
Up, down, all around.
I'm tracking my bank balance, my portfolio value and nothing else. I think the rest is all spin and stuff. That fella naerlynew told me so. SO it must be true.
It's "spin and bullsh1t" actually.
gauranteed
"The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
TBH that is what I thought, i would have thought industrial orders and consumer confidence to be lower than expected.
Mortgages are much of a muchness, they have been very low for a year now, highest in 12 months is not that much TBH (lowest in 12m is 28.7K).
Do you know if the consumer confidence survey was done during the riots?
Mortgage lending will stay low until the Government stops borrowing all the money. Why lend for 25 years, 100% LTV to an FTB with a cleaning job and a 2:2 (Hons) in Surfology from the University of Pratts Bottom (formerly Orpington Sailing School) at 3.5% when you can lend money to the Government for the same period of time at the same rate? I'm of the opinion that massive Government 'stimulus' is part of the problem not of the solution.
In the UK there is a shortage of housing. IMO it's a brake on economic growth as people spend too much time worrying about how to maximise the amount of house they can have. The solution? Free up planning policy and let some farmland get built on. The Government spends less and the slack would be taken up by the building industry and the country would get something it needs.0 -
Graham_Devon wrote: »Yes. Did you know geener said "biblicocks" on another forum?
To be honest he isn't saying much on the other forum, I wonder how he is now spending his waking hours (apart from, y'know KFC). :beer:0 -
In the UK there is a shortage of housing. IMO it's a brake on economic growth as people spend too much time worrying about how to maximise the amount of house they can have. The solution? Free up planning policy and let some farmland get built on. The Government spends less and the slack would be taken up by the building industry and the country would get something it needs.
It also loses something it needs, like food, not all green belt is farmland, I guess it is not green either.'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
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