Halifax unfortunately +0.5% MOM +1.9% YOY

shortchanged_2

wotsthat wrote: »

It's not as if we can blame increased lending on increasing house prices.

Might have to face up to it - the economy's coming to the end of the 'bumping along the bottom' phase.

I think we are still quite a way off that at the moment wotsthat.

There is still no evidence that the economy is going to pick up any time soon.

They were talking about possible negative interest rates only a couple of weeks ago! That does not indicate an improvement in the economy in the near term.

james_toney

Graham_Devon wrote: »

Brave "prediction" wotsthat.

To say that at a time when they are touting negative interest rates and further QE to avoid whatever is around the corner is indeed very brave.

exactly, i think we will be bumping along the bottom for 10 years

wotsthat

Graham_Devon wrote: »

Brave "prediction" wotsthat.

To say that at a time when they are touting negative interest rates and further QE to avoid whatever is around the corner is indeed very brave.

Not really. Things are grim but plenty of indicators are positive. Plenty of cash about too - people can either watch it decline in value or take a risk with it - I think we're getting to the point when normal people realise that they either invest it (and take a risk they lose some) or keep it on deposit (and guarantee they'll lose some).

wotsthat

shortchanged wrote: »

I think we are still quite a way off that at the moment wotsthat.

There is still no evidence that the economy is going to pick up any

I've got a retirement to save for - I can't wait for you and Graham to turn bullish before taking risk.

RENTING_IS_DEAD_MONEY

james_toney wrote: »

they will be using the classic words
"bull trap" "dead cat bounce" "depreciating asset"

usual from the HPC :rotfl:

Indeed, looks like this dead cat bounce has entered its 3rd year as at 9:48 this morning rantnrave posted the words "dead cat bounce". You really couldn't make such deep routed delusion up. But I'm sure the HPC sheeple will all find BruceSpanners words of reassurance comforting. Lets not forget that these are the vile creatures who wish unemployment and homelessness on everyone just so they could pick up a dream house on the cheap.

Mr._Pricklepants

shortchanged wrote: »

I think we are still quite a way off that at the moment wotsthat.

There is still no evidence that the economy is going to pick up any time soon.

It's always darkest just before dawn.
Lots of positives to be found, but you need to open your eyes and mind for it, shorty...employment steadily down despite headline grabbing mass layoffs , business confidence growing, record numbers of FTB's entering the market....

Rejoice.

Graham_Devon

wotsthat wrote: »

Not really. Things are grim but plenty of indicators are positive. Plenty of cash about too - people can either watch it decline in value or take a risk with it - I think we're getting to the point when normal people realise that they either invest it (and take a risk they lose some) or keep it on deposit (and guarantee they'll lose some).

I think the prescription tint on your glasses is a little too high personally.

Depends what you are basing a recovery on. You say indicators are positive, but which ones? Stock markets & house prices? House prices are barely treading water in reality. Granted stocks are at highs (record highs in some cases), but this bares little reality to the economy at the moment.

Conrad

wotsthat wrote: »

Might have to face up to it - the economy's coming to the end of the 'bumping along the bottom' phase.

We're entering an incredible era of prosperity. It amazes me people cannot see it.

Sure as eggs is eggs, the crowd always gets it wrong, on the way up and on the way down.

Conrad

Graham_Devon wrote: »

I think the prescription tint on your glasses is a little too high personally.

Depends what you are basing a recovery on. You say indicators are positive, but which ones? Stock markets & house prices?

+ house prices
+ rents
+ FTB activity
+ SM
+ Highest inwards investment in Europe
+ Chinese, French and many more flocking here / wanting a piece of the real estate action

+ Safe haven investment UK
+ Record attention to turning uk R&D into real products
+ Record apprenterships
+ Record new firm start - ups
+ Record employment

+ Competetive corporation taxes going forwards
+ Record exports to developing world
+ Long term low interest rates
+ Cheap currency - good for exports - outweighs the downside

+ Huge and fast growing new markets in the developing world like never before
+ Slowly rebalancing economy
+ Banks putting on cash fast, having got the bulk of misselling fines out the way
+ Mortgage balances being repaid fast

System

Conrad wrote: »

Graham_Devon wrote: »

I think the prescription tint on your glasses is a little too high personally.

Depends what you are basing a recovery on. You say indicators are positive, but which ones? Stock markets & house prices?

+ house prices
+ rents
+ FTB activity
+ SM
+ Highest inwards investment in Europe
+ Chinese, French and many more flocking here / wanting a piece of the real estate action

+ Safe haven investment UK
+ Record attention to turning uk R&D into real products
+ Record apprenterships
+ Record new firm start - ups
+ Record employment

+ Competetive corporation taxes going forwards
+ Record exports to developing world
+ Long term low interest rates
+ Cheap currency - good for exports - outweighs the downside

+ Huge and fast growing new markets in the developing world like never before
+ Slowly rebalancing economy
+ Banks putting on cash fast, having got the bulk of misselling fines out the way
+ Mortgage balances being repaid fast

Apart from that.