Banks take desperate measures to starve off credit crunch...
#31
Stop the press - For the first time ever I'm agreeing with Pete..... 50 billion was enough to give confidence a kick in the teeth, but wasn't enough to ease liquidity fears...... we are all fecked for at least 6 months, but more likely 3 years. Changes in the mortgage market today mean that you will pay the same rate for a deal now that you would before the rate cut.... I can't ever remember that hapenning before. Basically LIBOR has developed a life of its own and is now beyond the control of central banks
#32
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The question remains tho - 40% or 50% drop in house prices over the next 3 years
In all seriousness tho my firm is already feeling the effects of this credit crunch with some job losses at senior level announced this week, and basically aren't going to meet their financial targets.
No bonus for me at the end of this tax-year
#33
I knew you'd come round eventually FB
The question remains tho - 40% or 50% drop in house prices over the next 3 years
In all seriousness tho my firm is already feeling the effects of this credit crunch with some job losses at senior level announced this week, and basically aren't going to meet their financial targets.
No bonus for me at the end of this tax-year
The question remains tho - 40% or 50% drop in house prices over the next 3 years
In all seriousness tho my firm is already feeling the effects of this credit crunch with some job losses at senior level announced this week, and basically aren't going to meet their financial targets.
No bonus for me at the end of this tax-year
Now that there will be no capital gains investors will leave the market until the return is at least a few percent above the ir. So 7% + and since rental values are not going to increase that could mean drops of up to 40%. But these massive drops will only really apply to the investors favourite past time ie the 2 bed flat. So those people who invested in £300k+ flats that only return £1200/month rent (there are 10000s of these in London) are in for a nasty shock.
IMHO of course!
#34
I knew you'd come round eventually FB
The question remains tho - 40% or 50% drop in house prices over the next 3 years
In all seriousness tho my firm is already feeling the effects of this credit crunch with some job losses at senior level announced this week, and basically aren't going to meet their financial targets.
No bonus for me at the end of this tax-year
The question remains tho - 40% or 50% drop in house prices over the next 3 years
In all seriousness tho my firm is already feeling the effects of this credit crunch with some job losses at senior level announced this week, and basically aren't going to meet their financial targets.
No bonus for me at the end of this tax-year
#35
Of course they do. Most if not all have been perfecting their economic models for the last 4 years in order that they could get Basel II certified and make a large percentage of their liquid assets available for investment/lending.
#36
As a matter of interest, can anyone tell me real reason why Flash flogged off half our gold reserves at the lowest available price? It has been said that the overall effect of this was worse than that of "Black Wednesday".
Les
Les
#37
Here's your answer to that 8 year old story Les - he's an idiot, but not as dim as the Swiss!
Gordon Brown’s Gold Sale Folly
#38
Here's your answer to that 8 year old story Les - he's an idiot, but not as dim as the Swiss!
Gordon Brown’s Gold Sale Folly
Gordon Brown’s Gold Sale Folly
Les
#39
I had the hard sell last month,
my bank wanted me to renew my current loan and put my overdraft in with it, supposedly to reduce my monthly payments....
but over a longer period...
i,m trying to reduct my debt / time--- not extend it...
Mart
my bank wanted me to renew my current loan and put my overdraft in with it, supposedly to reduce my monthly payments....
but over a longer period...
i,m trying to reduct my debt / time--- not extend it...
Mart
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alcazar
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18 September 2015 11:49 PM