dpb

We hear that it's all kicking off again , but only really in the services sector

But this is nearly all we do ,right .

Can we survive on this longterm, and isn't this mainly as a result of all that cash we've loaned ourselves

Matteeboy

It's the biggest load of BS ever. I can't believe they get away with talking such utter nonsense; it may spark a very short term spike but nothing more.

dpb

Would be my feelings as well....Except the more I delve into it these things the less I know, it seems

f1_fan

iTrader: (9)

Of course they can get away with it, most people are too stupid to realise the truth and then there are those that don't want to!

Matteeboy

Nail on head.

Chip

Can't you lot show a little positivity just for once. Whatever happens will happen , don't worry about it, I don't.

f1_fan

iTrader: (9)

QED

Chip

Just wait, you'll see

The Trooper 1815

iTrader: (31)

spot on Chip.

Hammer man

iTrader: (25)

Your not Bobby Mcferrin are you??

Chip

Be Happy!

john banks

I am nauseatingly optimistic, our business (not health related, not state funded in any way before tdw gets excited) is turning over 10 times what it was a year ago. Profitable work is out there, you need to position yourself for it and deliver something people want or need. Stop moaning and do something about it.

Matteeboy

John; our business is healthy too but we are realistic.

tony de wonderful

House prices grew almost 5% last month I read somewhere? Or was it the equivalent of 5% per annum over the month? Anyway it's a lot and sure to create a boost...for a time thanks to the help to buy and funding for lending, etc.

f1_fan

iTrader: (9)

Surely, the point though is that how well our businesses are doing is irrelevant when UK PLC is heading for a major **** storm that no one wants to think about let alone try and do anything about!.

A bit like decorating your apartment and putting a nice new kitchen in it when the apartment block it is in is crumbling and sure to collapse in the next decade!

jonc

You're right, what's the point in continuing with anything, this country is doomed and sure to implode and there is nothing you, I nor anyone else can do about it, so lets just all get used to it.

Matteeboy

You need to check out how these price "rises" are worked out; it's done on what houses go on the market for not the sale price.

So naff all to do with reality, all to do with goon estate agents living in la la land and trying to hold up the apartment block F1 Fan speaks of.

Make the population feel happy, get them to splash out, get some "positive" numbers, get voted back in.

Meanwhile there's a rumbling sound; it's the roof caving in.

Property prices and interest rates are the biggest way the government keeps its population under control and its utterly retarded.

Now lets look at Germany; where prices are infinitely more sensible and based on a long term average. Oh look, Germany is the only Euro nation booming!

We won the War, got complacent, thought we were rich enough to introduce a huge welfare system and the NHS, ignored manufacturing and technology, hedged our bets on the criminal industry known as banking, got bitten on the backside and are so deep in the dogs mess, we will go bust soon.

Cheery aren't I?

f1_fan

iTrader: (9)

Given the way Cameron perfroms I think he's following that exact mantra!

tony de wonderful

It's a rinse and repeat of last time with property and consumption temporarily boosted by easy credit, just now the state is underwriting some of it and using other tools to promote lax credit that the private sector is unwilling to otherwise lend. It's not an economic rebalancing and only the 'this time it will be different' mentality can see it as a good thing.

Osimabu

iTrader: (2)

When I saw the title to this topic, I thought it was about this:

http://uk.news.yahoo.com/15-tonne-fa...8.html#fioqwZX

Dingdongler

Matteeboy is bitter and he has good reason to be. He took a position on the market and it turned out to be wrong.

He carried on renting waiting for the massive house price crash when he thought he could buy a mansion for a few quid. But it never quite happened. His cash has dropped in purchasing power year on year.

He is now very angry that his economic plan hasn't worked out the way he hoped and so actually wants a crash to justify his poor decision making.

tony de wonderful

It was wrong only because the government has distorted the market by wading in. Or at least that is how the free marketeer would view it.

jonc

Well like you said, there is a **** storm coming and as you've previously pointed out in previous threads, this country has massive public overspend, over a trillion in debt and billions of pounds in deficit and no difference in any of the parties or their leaders, they're just career politicians, you didn't seriously expect any of them to be able to do anything about this country's economy did you?

Matteeboy

I see, I form an opinion based on numerous facts, you take some cheap shots based on things currently working in your favour.

Carry on though, your choices are perfectly in line with the governments objectives. Your not exactly going to start doubting them are you?

I'm rather disappointed at your vitriol though and my estimation of you has just plummeted.

john banks

There was a clear buy signal for property when rental yields climbed well above interest rates on new borrowing whilst rates on deposits dropped below inflation. Whether this was the right thing to happen, whether it was manipulation by QE/ZIRP/indebted government is moot, it happened.

tony de wonderful

Technical analysis assumes certain thing about a 'market'. One is that you don't have a single actor which can unilaterally change prices, i.e, what the government is doing now with QE, help to buy, finding for lending. What moves the housing market are political decisions by the government, and they can be arbitrary and on a whimsy. A single actor isn't a crowd so the technical analysis is of illusiory importance.

john banks

The rental yields and interest rates were largely policy driven though, and it became clear that the way things were going that I had better align myself with what would benefit from evolving policy rather than an idealised view of what an overpriced property market should do without government interference. This situation of low interest rates, high prices, high rental yields will continue as long as it can be made to continue plus a bit longer to shake out the final property bears. In the meantime, there is money to be made.

Being for now on the indebted side suits me, by the time rates go up enough to cause distress I will be deep into paying off new borrowing and then be flexible about holding assets or trying to time their liquidation. It has worked before.

f1_fan

iTrader: (9)

Nope, not for a moment, but they're continual pretending they can is both dishonest and wearing. Still when most of the population are as thick as pigsh1t they'll get away with it for as long as they can!

john banks

I'm thick enough to think they can pull it off.

tony de wonderful

What 'it' is though is an open question. A state underwritten boost of debt can't fail to deliver something short term.