tag:blogger.com,1999:blog-2948538160252327076.post2188517184744328668..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: Alice's bubble wrapAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-2948538160252327076.post-60156671027598154902008-08-23T23:58:00.000+01:002008-08-23T23:58:00.000+01:00"Buyers are demanding discounts of as much as 20 p..."Buyers are demanding discounts of as much as 20 per cent on houses"<BR/><BR/>Grrrrrr. What-part-of-market-price-don't-these-fools-understand? The value of the house is what someone will pay.<BR/><BR/>NickAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-9138602299287399542008-08-23T11:32:00.000+01:002008-08-23T11:32:00.000+01:00A friend of mine (not untypical) pays £1400 per mo...A friend of mine (not untypical) pays £1400 per month mortgage on a £200k bog-standard 3 bed semi. <BR/><BR/>Comparing wage slips I was shocked to see he earned 22k since April. This was achieved through knocking his socks off with overtime - not because he wants to, but because he HAS to.<BR/><BR/>He's one of the lucky ones. At least the overtime is still there for him.<BR/><BR/>We won't even need particularly high unemployment for tens of thousands of people to be pushed over the edge into bankruptcy. But I think that mass unemployment is coming too.Electro-Kevinhttps://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-3252332888062060602008-08-23T10:00:00.000+01:002008-08-23T10:00:00.000+01:00I meant -0.2% at the end there. Oops. B . in C.I meant -0.2% at the end there. Oops. B . in C.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-56254310043499493222008-08-23T09:23:00.000+01:002008-08-23T09:23:00.000+01:00OK, so now we know growth was (supposedly) zero in...OK, so now we know growth was (supposedly) zero in the second quarter.<BR/><BR/>But: the first quarter was 0.3, so we all knew it was going to be lower... the statisticians knew o.1 would not be believed, did not want to go to zero straightaway, so guessed (conveniently for their masters) at 0.2. So the downward revision was always coming.<BR/><BR/>And guess what - it will finally be revised down again, and we will discover retrospectively that the 'technical recession' was here all along.<BR/><BR/>I doubt that any competent statistician would say growth could be measured precisely enough for 0 or 0.2 % , or 10.2% for that matter, to be meaningful anyway.<BR/><BR/>B. in C.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-16936866793612353762008-08-23T04:17:00.000+01:002008-08-23T04:17:00.000+01:00Simon,Yes, I meant to say, "mercifully, there are ...Simon,<BR/><BR/>Yes, I meant to say, "mercifully, there are no state owned mortgage companies here; at least not in the Freddie and Fannie mold." As you say, we do have NRK.<BR/><BR/>AliceAlice Cookhttps://www.blogger.com/profile/05753570123987780947noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-49015641266203595722008-08-22T21:02:00.000+01:002008-08-22T21:02:00.000+01:00from yesterday "Mercifully, there are state owned ...from yesterday <BR/><BR/>"Mercifully, there are state owned mortgage companies here in the UK."<BR/><BR/>Northern Rock aside did you drop a "no" or am I missing something?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-10830811777597403892008-08-22T20:59:00.000+01:002008-08-22T20:59:00.000+01:00What do you mean with socialist shit?It's a very g...What do you mean with socialist shit?<BR/><BR/>It's a very good and interesting article!<BR/><BR/>RamboAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-19749283039237231932008-08-22T20:39:00.000+01:002008-08-22T20:39:00.000+01:00What is with this socialist sh1t?What is with this socialist sh1t?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-59506248135709210252008-08-22T20:24:00.000+01:002008-08-22T20:24:00.000+01:00ah yes, money isn't free.ah yes, money isn't free.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-4990410308064583252008-08-22T20:18:00.000+01:002008-08-22T20:18:00.000+01:00It would be interesting to know how much is really...It would be interesting to know how much is really owed by Britons - i.e. principal (£1.444 trillion) + interest on the debt. It always amazes me how people forget about interest on loans.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-74558042131418205572008-08-22T19:45:00.000+01:002008-08-22T19:45:00.000+01:00Freddie and Fannie will go this weekend.Freddie and Fannie will go this weekend.Anonymousnoreply@blogger.com