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Debate House Prices


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if things looked scary 6 weeks ago...

Wookster
Wookster Posts: 3,795 Forumite
in Debate House Prices & the Economy
then they look positively terrifying now.

Italian gilts climbing, banks downgraded

Spanish gilts rising , government downgraded

France edging up...

France & Germany incapable of finding any sort of deal.

Time to stock up on supplies :eek:
«1

Comments

  • robmatic
    robmatic Posts: 1,217 Forumite
    Or gold? It is getting cheaper after all!
  • lvader
    lvader Posts: 2,579 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Wookster wrote: »
    then they look positively terrifying now.

    Italian gilts climbing, banks downgraded

    Spanish gilts rising , government downgraded

    France edging up...

    France & Germany incapable of finding any sort of deal.

    Time to stock up on supplies :eek:

    Can you read a chart?, when did Italian bond yields peak? Clue it isn't now.
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Wookster wrote: »
    then they look positively terrifying now.

    Italian gilts climbing, banks downgraded

    Spanish gilts rising , government downgraded

    France edging up...

    France & Germany incapable of finding any sort of deal.

    Time to stock up on supplies :eek:

    This volatility is great for stepping into the ftse and then getting out then waiting for the next dip and rise, the first (just over) 10k is tax free too. At the moment I am 'out' (except for my isa stocks and shares)
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    From the BOE minutes it does seem if QE was a pre-emptive move.

    There seems to be an underlying concern of UK mortgage lenders such as Lloyds obtaining sufficient refinancing in the wholesale money markets in 2012. If Euro banks recapitalise by shrinking their asset bases then there really will be a squeeze.

    There's some tough decisions to be made.
  • ILW
    ILW Posts: 18,333 Forumite
    Thrugelmir wrote: »
    From the BOE minutes it does seem if QE was a pre-emptive move.

    There seems to be an underlying concern of UK mortgage lenders such as Lloyds obtaining sufficient refinancing in the wholesale money markets in 2012. If Euro banks recapitalise by shrinking their asset bases then there really will be a squeeze.

    There's some tough decisions to be made.
    Heres a pretty radical idea, banks could try attracting money from savers to lend out to borrowers. Wonder why it has never been tried before.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ILW wrote: »
    Heres a pretty radical idea, banks could try attracting money from savers to lend out to borrowers. Wonder why it has never been tried before.

    Alternatively boycott banks totally. Obtain your mortgage from a building society. At least the profit is then reinvested back into the community.
  • ILW
    ILW Posts: 18,333 Forumite
    Thrugelmir wrote: »
    Alternatively boycott banks totally. Obtain your mortgage from a building society. At least the profit is then reinvested back into the community.

    Are there any left?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ILW wrote: »
    Are there any left?

    Nationwide. ;)

    In fact more building societies than banks.
  • purch
    purch Posts: 9,865 Forumite
    Neither Italy nor Spain issue Gilts ;)
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • julieq
    julieq Posts: 2,603 Forumite
    Thrugelmir wrote: »
    Alternatively boycott banks totally. Obtain your mortgage from a building society. At least the profit is then reinvested back into the community.

    Where do you think bank profits go, out of interest?
This discussion has been closed.
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