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Straw that broke the camels back?
Comments
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Graham_Devon wrote: »Any comments on the original post?
Talking heads are doing what they do.
Trying to stir up controversy where none exists.
After last year's omnishambles of a budget, they're peeved that he actually got it right this year.
When the worst thing they can do is mutter about 2nd homes, (a non story), and prices (of no relevance), I'd say Osborne has won this round quite convincingly.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Banks benefit from higher rates, hence lend more
Bank margins are at record highs now.
Low rates benefit bankers, not high rates.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Talking heads are doing what they do.
Trying to stir up controversy where none exists.
After last year's omnishambles of a budget, they're peeved that he actually got it right this year.
When the worst thing they can do is mutter about 2nd homes, (a non story), and prices (of no relevance), I'd say Osborne has won this round quite convincingly.
Riggghhht.
So sticking your fingers in your ears then, finding a way to pretend this massive turnaround in sentiment on by the media and TV doesn't exist?
Not gonna get much further than that with you am I!?0 -
Graham_Devon wrote: »this massive turnaround in sentiment on by the media and TV
Exists only in the minds of deluded crashaholics.
Get over it Graham.
The market will be flooded by liquidity starting next year, and there's not a thing int he world you can do to stop it.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
I thought the idea was to try and stimulate the economy and help buisness.
To keep the banks assets from falling through the floor through mortgage defaults. Responsible lending policies mean that new lending is tight and only the best quality applications get through slowly cleansing and retrenching the lending book. Also helps to push the pound down along with QE which should help inflate away the size of the debt burden . It might help exports a bit too.
If we had had the responsible lending bit in the first place perhaps we wouldn't be in so much doo doo now."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Even Faisal Islam, who hates high house prices, admits prices are going to rise now.
He doesn't like it, but he admits it.Marry this with Carneyism and the first tweaks to the Bank of England’s inflation remit in 15 years (alongside the chancellor’s description of interest rates being “lower for longer”) and you do have a recipe for a pre-election housing bump.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Exists only in the minds of deluded crashaholics.
And exists on Iplayer.
Rather amusing. You've spent what, 3 years linking up to articles backing up your position?
When sentiment changes and suddenly the BBC, Sky, Guardian, Telegraph, Independant are all suggesting these new schemes are worrying and what people really need is cheaper homes... you decide this is "just what they do, and it's irrelevant".
Yet you've be linking to "what they do" for years.
This one's caught you on the backfoot!0 -
grizzly1911 wrote: »To keep the banks assets from falling through the floor through mortgage defaults. Responsible lending policies mean that new lending is tight and only the best quality applications get through slowly cleansing and retrenching the lending book. Also helps to push the pound down along with QE which should help inflate away the size of the debt burden . It might help exports a bit too.
If we had had the responsible lending bit in the first place perhaps we wouldn't be in so much doo doo now.
Yes I agree that was also a reason but there was also the hope that business would be able to borrow at low rates.0
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