Moneyweek calling the Big kahuna ...

TheBlueHorse

purch wrote: »

Must be something about the name Armstrong that makes you a liar and cheat :eek:

exactly - Neil was never on the moon.

Blacklight

Moneyweek lol

ChiefGrasscutter

@mwpt
You are so right!
In years past these people would be stuck in a corner of a pub mouthing off their rubbish to the few who could be bothered; though mostly talking to themselves in reality.
Now they are out on the web everywhere pumping out their drivel.

PixelPound

Generali wrote: »

I guess this bloke is Mr Armstrong:

http://www.armstrongeconomics.com/1113-2



My bold. <<Face palm smilie>>

3141.15 isn't Pi for a start. It's not even (really) 1000xPi.

Its not 1000Pi to 1 decimal place :shocked:

danothy

Generali wrote: »

3141.15 isn't Pi for a start. It's not even (really) 1000xPi.

nic_c wrote: »

Its not 1000Pi to 1 decimal place :shocked:

No, but 1000xpi/365.25 is 8.6(0) to two decimal places, which is probably where the rounding error comes from.

Gavin234

padington wrote: »

http://moneyweek.com/is-the-uk-property-market-facing-an-18-year-slump/

Some good points, but the perma Bulls will ignor them, one track mind for some on here.

Generali

ChiefGrasscutter wrote: »

@mwpt
You are so right!
In years past these people would be stuck in a corner of a pub mouthing off their rubbish to the few who could be bothered; though mostly talking to themselves in reality.
Now they are out on the web everywhere pumping out their drivel.

A bloke called Doctor Karl as information on the internet being at the same level as information from a drunken man who has wet himself and has a dog licking vomit off his shoes.

Gavin234

I don't see how any of the perma Bulls can ignor those points, they can't argue against them, so just ignore them. I guess this is what being a perma bull is all about

padington

Gavin234 wrote: »

I don't see how any of the perma Bulls can ignor those points, they can't argue against them, so just ignore them. I guess this is what being a perma bull is all about

To think London property prices will decrease for 18 years is to think that inequality will decrease, it won't. London is the worlds capital city. The expression of inequality and the in flows of wealth will be felt probably more in London than anywhere else. This holy cash cow will be protected at all costs. London is the UK's chance to pay down its debts and keep the bailif from the door. For this to continue we will tax in a way to not kill the golden goose and anyone that threatens her, commits electoral suicide.

Until we develope global treaties that limit capital flight and tax loop holes by employing more forms of global taxation regulation, only the suididal will try to push against the forces of economic nature unilaterally.

Until then, the general movement over the long term will be, up not down. However his will be much controlled and stable and probably longer than the booms we have seen in recent times because of the last budget.

Obviously a wise chancelor will always be trying to tax as much as he can get away with, it's delicate though and I think we have seen the big changes already. You introduce all your painful changes as far from the next election as possible.

Furthermore if inward investment dips or closer to the next general election taxes could expect to go down, not up.

This time Osborne said 'England needs a pay rise', expect in 2019 Osborne to announce, 'England needs a tax break'.

I'm not a perma bull, I'm just a realist and I'm sorry the facts are not stacking up for a protracted crash, far from it. First time buyer property (over the 18 year period we're discussing) has never looked so safe to me and don't expect the Chinese to not see that either.

lisyloo

The article was about the UK as a whole and not just London and things are already very different between the two.

Moneyweek is notoriously bearish and all about selling magazines.

I did a free trail to see for myself and it was as bad as people say.

I don't believe that prices (outside of London) can continue to rise indefinitely. I don't think todays students with debts will be able to afford to buy their parents and grandparents homes.
London is a special case because of limited supply and the increasingly London centric nature of good jobs on recent years. I would agree that it will continue to be incredibly popular - but don't forget the rest of the UK where some parts haven't seen the same appreciation.