Officially in recession

chucky

Graham_Devon wrote: »

Tell Hamish then. You've just fallen over your own foot. Already.

Doubt it. If I had you would have explained because you seem to understand. No wait, you don't understand you're not very bright are you.

I'll let you try and explain though... I won't hold my breath though.

shortchanged_2

chucky wrote: »

Do you even know what the average mortgage rate is to be able today that?

:huh::huh:

Give us a clue what you mean in planet chucky?

chucky

shortchanged wrote: »

:huh::huh:

Give us a clue what you mean in planet chucky?

It's quite a simple question. You claim interest rates are low, I ask you what the average mortgage rate is.

I await your answer along with the village id_iot trying to claim the housing market has nothing to with the economy.

HAMISH_MCTAVISH

Graham_Devon wrote: »

How do you explain america Hamish?

It completely contradicts your theory..

Not according to Ben Bernanke, Chairman of the US Federal Reserve.

"The housing sector typically plays an important role in economic recoveries; the depressed state of housing in the United States is a big reason that the current recovery is less vigorous than we would like."

and....

“The state of housing has been an impediment to a faster recovery. We need to continue to develop and implement policies that will help the housing sector get back on its feet.”

So.... How big a problem is it?

Bernanke was more specific, noting that a housing wealth cut decreases consumer spending by $200 billion to $375 billion per year and lowers standards of living.

Ouch Graham..... That one must hurt.

Oh well, guess America isn't an exception to the rule after all.

A big thanks to the Chairman of the Federal Reserve for proving me right in a pointless internet argument with an idiot though. :rotfl:

Graham_Devon

chucky wrote: »

Doubt it. If I had you would have explained because you seem to understand. No wait, you don't understand you're not very bright are you.

I'll let you try and explain though... I won't hold my breath though.

Apologises, but I really have no idea what you just said.

Explain what?

shortchanged_2

chucky wrote: »

It's quite a simple question. You claim interest rates are low, I ask you what the average mortgage rate is.

I await your answer along with the village id_iot trying to claim the housing market has nothing to with the economy.

Now are you talking about new mortgage rates chucky or the thousands of existing lenders that are on SVR's and BoE trackers?

chucky

Graham_Devon wrote: »

Apologises, but I really have no idea what you just said.

Explain what?

You wouldn't, you're not the brightest. It's in the post, try reading it, I know it's hard for you to understand basic English but at least try.

Good attempt at taking the thread off topic because you've been discredited again.

chucky

shortchanged wrote: »

Now are you talking about new mortgage rates chucky or the thousands of existing lenders that are on SVR's and BoE trackers?

What ever you like that explains this.

shortchanged wrote: »

With interest rates as they have been for the past 3 years it's not surprising people can scrape by without being forced to sell.

what is the level of Hess interest rates you claim, let's see what this average rate is.

Graham_Devon

Well the position appears now to have moved to simply calling everyone else in the discussion an idiot. I honestly don't even know what one of them is even banging on about now.

I'll claim that one as argument won then.

chucky

HAMISH_MCTAVISH wrote: »

A big thanks to the Chairman of the Federal Reserve for proving me right in a pointless internet argument with an idiot though. :rotfl:

Cue him running away saying he's being picked on or taking the thread completely off topic.