House price crash?

pararct

TTMCMschine wrote: »

PS - look at the DOW today - a sign of things to come I suspect.

The Dow is thru the floor as I suspect London will be in the morning as the Oil Price today passed the all very significant $100 a barrel mark.

Demand is seems, is now outstripping supply so the only way the price is going to go is up..

http://news.bbc.co.uk/1/hi/business/7168664.stm

Mozette

Invest in wine & chocolate. They are the basic requirements of life.

epz_2

pararct wrote: »

The Dow is thru the floor as I suspect London will be in the morning as the Oil Price today passed the all very significant $100 a barrel mark.

Demand is seems, is now outstripping supply so the only way the price is going to go is up..

http://news.bbc.co.uk/1/hi/business/7168664.stm

i remember when they used to joke about $100 a barrel because it was so unbeliveable, guess shorting airlines is a good bet now.

if i was iran and wanted to really mess with america a few "accidental" fires really could cause a nice recession.

anyone else really angry about the fact our government can fritter away billions on giant tents, fake government jobs and massive pay rises with no productivity gains (or real need) for the public sector rather than actually dealling with the basic infrastructure needed for this country.

how much better a position would this country be is they had spent all that cash on R&D for energy and transportation alternatives.

pararct

epz wrote: »

i remember when they used to joke about $100 a barrel because it was so unbeliveable, guess shorting airlines is a good bet now.

if i was iran and wanted to really mess with america a few "accidental" fires really could cause a nice recession.

anyone else really angry about the fact our government can fritter away billions on giant tents, fake government jobs and massive pay rises with no productivity gains (or real need) for the public sector rather than actually dealling with the basic infrastructure needed for this country.

how much better a position would this country be is they had spent all that cash on R&D for energy and transportation alternatives.

http://biz.yahoo.com/ap/080102/oil_prices.html

Separately, the Organization of Petroleum Exporting Countries said its member nations may not be able to meet demand as early as 2024, though OPEC also said that deadline could slide for decades if members increase production more quickly

I suspect 2008 is the year the phrase Peak Oil will enter the mainstream vocabulary.

dolce_vita

According tho THIS report, things are going to get really bad.

epz_2

pararct wrote: »

http://biz.yahoo.com/ap/080102/oil_prices.html



I suspect 2008 is the year the phrase Peak Oil will enter the mainstream vocabulary.

the point is we dont really need oil, its just it was so cheap that it prevented real R&D on the many alternatives and governments round the world whos job it is to set the framework for these things neither used any of their tax take for blue sky research or improving public infrastructure properly like double height trains.

peak oil has been known about since the 50s, i was told about it in school in the 90's and yet nobody did a thing, they were perfectly happy to funnel massive ammounts of cash to brutal dictatorships and allow our countries most basic dependant on gangsters and lunatics, and the french lol.

Gorgeous_George

Rick62 wrote: »

Base rates may be falling recently (from 5.75% to 5.5%) however I've seen a lot of people recently coming off 2 year Fixed rates of 4.29% to 4.49% and are now going onto about 5.5% to 6.0%, increases of about 30%

Thanks for that. Interest Rates are higher than 2 years ago. With knowledge like that I can see why you are a mortgage adviser.

I advise my friends not to fix for short terms like 2, 3 and even 5 years. If I was a mortgage adviser I'd advise my customers to fix for a month and come back again next month. Lots of lovely commi$$ion.



GG

Gorgeous_George

I'm going to put my can of '3 in 1' in the safe tonight. I suggest all MSEers do the same.

Will my WD40 be safe? It's three quarters empty and the can is rusty.



GG

eco-friendly_2

Turnbull2000 wrote: »

You'd think that would set off political alarm bells wouldn't you. But with there very own property investments to preserve, it looks like they'll remain silent. Protecting the interests of young families my ar*e. I hope this country gets what it deserves - a good brutal recession.

Absolutely, the sooner the better, howzabout another million or more unemployed start the repos NOW, why wait! possibly a few hundred thousand broken homes, bring in the social workers I say! take the kiddies off them also, if their homeless they can't sleep in the park, there's not enough astute BTLers to house em all .



BRUTAL = cruel and vicious [adj]

MissMoneypenny

eco-friendly wrote: »

there's not enough astute BTLers to house em all .

There is not enough astute BTLers...full stop.