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Bubble Warning from senior economist

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Comments

  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    grizzly1911 wrote: »
    Well if we say it hasn't worked no doubt someone else will pop up and say it would have been worse if they hadn't.

    So allowing banks to lend more (new or not calling in existing debt) and depressed interest rates hasn't helped support property linked lending?

    I don't dispute that wasn't it's sole function but it will have had a sizeable impact.
    Of course it has an impact but there is a difference in impact and the property market not being a priority. That's something that can't be disputed unless your TruckerT or from Devon.

    It's also had an impact on who ever invested in shares and those that kept investments in cash. People make investment choices, some make good ones and the usual suspects make bad ones.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    chucky wrote: »
    Of course it has an impact but there is a difference in impact and the property market not being a priority. That's something that can't be disputed unless your TruckerT or from Devon.

    It's also had an impact on who ever invested in shares and those that kept investments in cash. People make investment choices, some make good ones and the usual suspects make bad ones.

    The first para sounds like the "What have the Romans done for us" speech.;)

    For the last para some people simply aren't in a position to make those switches that would allow them to benefit from the stock market. Particularly the many older people who either couldn't or because it wouldn't have been sound to take the risk. For many that have needed to take their pension in this period they have been shafted for ever more.
    "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 Muruganantham
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    grizzly1911 wrote: »
    For the last para some people simply aren't in a position to make those switches that would allow them to benefit from the stock market. Particularly the many older people who either couldn't or because it wouldn't have been sound to take the risk. For many that have needed to take their pension in this period they have been shafted for ever more.
    Medicine can sometimes have side effects. If people prefer to continue to be ill instead of getting healthy then again that's like cutting your nose off to spite your face.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    chucky wrote: »
    Medicine can sometimes have side effects. If people prefer to continue to be ill instead of getting healthy then again that's like cutting your nose off to spite your face.

    All it has done is make other people sick who have taken good care of themselves. Sadly they may not have time to recover, whilst those that couldn't be allowed to get sicker probably will and will no doubt go on to catch another dose.
    "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 Muruganantham
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    grizzly1911 wrote: »
    All it has done is make other people sick who have taken good care of themselves. Sadly they may not have time to recover, whilst those that couldn't be allowed to get sicker probably will and will no doubt go on to catch another dose.
    Maybe.

    Nobody told them that interest rates would be high for ever though.
  • TruckerT
    TruckerT Posts: 1,714 Forumite
    chucky wrote: »
    You can post your TruckerT posts as much as you like but it doesn't mean you are right.

    Welcome to the club.

    My very limited aim in life is to ask the questions which others fail to do. I offer no answers.

    Conventional Wisdom is, by definition, to be distrusted.

    TruckerT
    According to Clapton, I am a totally ignorant idiot.
  • ILW
    ILW Posts: 18,333 Forumite
    chucky wrote: »
    Medicine can sometimes have side effects. If people prefer to continue to be ill instead of getting healthy then again that's like cutting your nose off to spite your face.

    Trouble is that it appears the meds are to cure those that bought the illness upon themselves, whilst those that tried their best to avoid it are being forced to pay for the treatment.
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    ILW wrote: »
    Trouble is that it appears the meds are to cure those that bought the illness upon themselves, whilst those that tried their best to avoid it are being forced to pay for the treatment.

    I assume you're not one of the people that caused the illness. I bet you're doing OK from the treatment though apart from being 'sniffy' about the rates you're getting on all your cash?

    Same old. Nothing to do with illnesses and cures - the usual suspects were doing badly before the crash and nothing changed after.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    chucky wrote: »
    Maybe.

    Nobody told them that interest rates would be high for ever though.


    It appears we are locked into low interest rates for the foreseeable. I wonder what the treatment will be next time?
    "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 Muruganantham
  • ILW
    ILW Posts: 18,333 Forumite
    grizzly1911 wrote: »
    It appears we are locked into low interest rates for the foreseeable. I wonder what the treatment will be next time?

    I would suspect higher inflation.
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