Latest Trigger For The HPC

crash123

Pimperne1 wrote: »

FP=Killer Bunny=Jonathan Davis. Compared to FP, Sibley is casual, relaxed and sophisticated in his posts.

Sibley sophisticated. I could understand if you had said that about Hamish but not Sibley. Sibley is a one trick pony.

IronWolf

lol, the stock market "is done" is it. Famous last words

doire_2

Pimperne1 wrote: »

FP=Killer Bunny=Jonathan Davis. Compared to FP, Sibley is casual, relaxed and sophisticated in his posts.

You need help

Mallotum_X

Jonathan Davis is regulary on the local BBC radio station, on the whole he makes some quite good points on whatever hes been brought on to discuss, but tends to shout a lot into the phone/microphone so anything sensible he has to say is lost in the feeling that there is a "nutter on the radio".

Currently they are using a soundbite of him shouting "The Euro is Toast, The EU is Toast, the world economy is Toast" then something about people not reaslising it.

If he was slightly less extreme in the way he explained things he would actually come across quite well, but the crazy shouting thing just makes him sound like some mad end of the world guy in the high street. Its a shame really, as compared to the usual financial guests they have on he makes a good guest.

http://jonathandaviswm.com/jonathan-davis-media/

He has the Euro interview up on his site

andybenw

Mallotum_X wrote: »

Jonathan Davis is regulary on the local BBC radio station, on the whole he makes some quite good points on whatever hes been brought on to discuss, but tends to shout a lot into the phone/microphone so anything sensible he has to say is lost in the feeling that there is a "nutter on the radio".

Currently they are using a soundbite of him shouting "The Euro is Toast, The EU is Toast, the world economy is Toast" then something about people not reaslising it.

If he was slightly less extreme in the way he explained things he would actually come across quite well, but the crazy shouting thing just makes him sound like some mad end of the world guy in the high street. Its a shame really, as compared to the usual financial guests they have on he makes a good guest.






http://jonathandaviswm.com/jonathan-davis-media/

He has the Euro interview up on his site

Unfortunately for those hoping to put millions of families in negative equity via a house price crash the government do not agree. Hence super low interest rate and QE to engineer a real terms fall (ie prices remain the same):)

Waiting another 5 years will just mean that the mortgage will be paid off 5 years later and you will have 5 years less of mortgage/rent free living.

I know the renters will counter with 'my extra savings will reduce the mortgage term by 5 years". However you would need to be extra disciplined not to spend the possible extra savings.:o

Also if we have a financial meltdown again like 2008, your savings will be pointless as you will find it impossible to get a mortgage.:mad:

Mallotum_X

andybenw wrote: »

Unfortunately for those hoping to put millions of families in negative equity via a house price crash the government do not agree. Hence super low interest rate and QE to engineer a real terms fall (ie prices remain the same):)

I do think this is bascially the plan, although im not so sure the govt cares about families in neg equity, but rather the worry is banks with neg equity loans on their books would suffer.

For every family that would lose its home, theres another living in rented that needs a home, both families are losing out in the current system - either paying too much rent, or paying a large mortgage. But Im not sure the government (or the last Labour one) really cares either way.

Everything being done is engineering inflation, its the way we have always dealt with high levels of government debt, so why should now be any different.

Slowly falling nominal values, and real term falls would work to get us out of this mess, but its going to take years. However it would appear this is the clear direction we are going in. The big If in the scenario is Europe, if something shocks the system (a government default or a bank collapse) then we could have a new crisis to deal with.

The nutters at either end of the spectrum dont really help the debate.

andybenw

Mallotum_X wrote: »

I do think this is bascially the plan, although im not so sure the govt cares about families in neg equity, but rather the worry is banks with neg equity loans on their books would suffer.

For every family that would lose its home, theres another living in rented that needs a home, both families are losing out in the current system - either paying too much rent, or paying a large mortgage. But Im not sure the government (or the last Labour one) really cares either way.

Everything being done is engineering inflation, its the way we have always dealt with high levels of government debt, so why should now be any different.

Slowly falling nominal values, and real term falls would work to get us out of this mess, but its going to take years. However it would appear this is the clear direction we are going in. The big If in the scenario is Europe, if something shocks the system (a government default or a bank collapse) then we could have a new crisis to deal with.

The nutters at either end of the spectrum dont really help the debate.

More or less agree with what you say.

I'd add though that for the government, they are already under pressure due to austerity, public pensions etc. The last thing they need is for homeowner to be looking at the price of their home rapidly diminishing. For the public to place a link between a housepricecrash and austerity, whether true or not, would spell doom for the government.