Five Wise Men say end QE now

mayonnaise

Graham_Devon wrote: »

Sure. Let me just google that for you.

http://www.bbc.co.uk/news/business-34788970

Let me know if I can be of any further assistance.

Maybe you could do a little effort and listen to the actual interview.

HAMISH_MCTAVISH

Graham_Devon wrote: »

Sure. Let me just google that for you.

I listened to the original interview.

Peston claimed there was a bubble, Carney neither agreed with him, nor admitted there was one.

So I'll ask again.

Can you quote Carney stating there is a bubble in UK property?

Because you said...

Mark Carney admits were in a property bubble this morning on the BBC.

And based on the actual facts of that interview, rather than second hand reporting of it, I say that is a lie.

Graham_Devon

Seems Hamish is riled.

I got it from the news Hamish.

Heres something he also said very recently...

After announcing a decision to keep rates on hold yesterday, the Bank of England's governor Mark Carney said he was aware of the trend of "house price growth picking up, activity in the housing market picking up", the Financial Times says. But amid a dovish signal on when rates might rise, he cited the bank's "macroprudential tools" as the mechanism to keep this rise in check.

But I'd have to say, a BOE governor who doesn't even attempt to disagree with the premise says a thousand words.

HAMISH_MCTAVISH

Graham_Devon wrote: »

Heres something he also said very recently...

OK...

So he didn't say there was a bubble.

Despite you claiming he said there was 'a bubble'.

Anything else you'd like to make up today?:D

Graham_Devon

Sorry, Hamish, are you lecturing me on making things up?

LOL!

I heard it on the news. I posted it. Simple as that.

Jon_B_2

Graham_Devon wrote: »

Seems Hamish is riled.

I got it from the news Hamish.

Heres something he also said very recently...



But I'd have to say, a BOE governor who doesn't even attempt to disagree with the premise says a thousand words.

That isn't an admission of a housing bubble. It is an admission that the housing market is picking up.

If a house market was moving at 0 and moved to 0.1 it would be classed as picking up.

Why would a BOE governor agree or disagree? They deal with facts - not tossing themselves silly over something that may or may not exist. Whilst there is supply and people are willing and able to pay for current housing stock - how can it be classed as a bubble? London aside - I don't see speculators operating in my local market - just a lot of people who, like myself have been stuck in rental for 5 years saving up a deposit and now able to get on the housing market.

padington

A 'bubble' is entirely misleading, they go pop and disappear. Prices in London simply won't do that. Even a dip probably isn't on the card for years and years ...

http://uk.businessinsider.com/london-property-market-and-home-prices-analysis-rics-cml-cab-data-and-interest-rate-rises-2015-11