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There will not be a crash
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neverdespairgirl wrote: »What, like your thead, "there will not be a crash"?
I've never started a thread called there will not be a crash - I've been saying there will be one for the last 5 years.0 -
Sorry, got confused!
Now edited....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
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I think you're putting together a lot of things that happened at different times. Sterling left the ERM in late 1992 for example whereas house prices started to fall in 1989.
In fact, if memory serves it wasn't until after Thatcher (1990) that Britain entered the ERM although Lawson was getting the (non-independant) BoE to shadow the Deutschmark at a rate of about £1 = DEM 3.00. It was that policy that was largely responsible for sparking off inflation as interest rates were kept too low for too long to keep the pound low which led to inflation as the price of imports rose and domestic demand increased too, further bidding up prices.
Yes but the extra liquidity and low interest rates were pumped intoo the system by chancellor Lawson to see off the negative effects of the share price crash (wobble by today's standards) in 1987 - with international cooperation it worked quite well then!0 -
I worry for those folk that have STR - This year may be the best chance to knock the asking price down a fair bit.
In 3 years time these people will be so envious of those that bought in 2008 when it was a buyers market.
Still, nevermind.
I actually thanked your post because it made me laugh so much. Please, good joke - but i know you are being serious.
I prefer to wait until early 2010 (at least) thanks because it will be then that it is a buyers market.
Too many people seem to have this 'miracle economy syndrome' and think that a GLOBAL recession will just blow over in less than 6 months thanks to GB and AD and their reckless taxpayer's money throwing contest.0 -
Classic thread, well worth a read, especially if you look when the bulls last logged on
Freedom is not worth having if it does not include the freedom to make mistakes.0
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