tag:blogger.com,1999:blog-2948538160252327076.post2732680919412774202..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: Farewell to AusterityAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2948538160252327076.post-25644016626724507652012-05-07T21:16:07.176+01:002012-05-07T21:16:07.176+01:00@ Anon. Theres a reason for that. Its housing bene...@ Anon. Theres a reason for that. Its housing benefit. It distorts the pricing of houses, allows people to take lower wages to work inside London in entry level jobs, and permits businesses to remain inside the City which would have to move out to be able to afford essential services in its absence. It may even encourage unsustainably high immigration putting pressure on finite land. And it costs 25 billion a year.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-74552006981756651882012-05-07T21:06:01.339+01:002012-05-07T21:06:01.339+01:00Re the house price ramping - try the south-east, w...Re the house price ramping - try the south-east, where salaries outisde the City are around 25,000 and a modest terrace is between 200 and 250 if you're very lucky. Nice ratio that. And for most under 35's completely unachievable, even by those who "save to buy a house". If you actually expect that to be sustainable you need to come off the medsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-7488338099905904442012-05-07T19:26:10.382+01:002012-05-07T19:26:10.382+01:00Let renter girl and her mindset bitch about their ...Let renter girl and her mindset bitch about their landlords ,when others with the will and determination to save buy their own homes . It's quite possible to buy a house two miles in any direction from the centre of Manchester for 45 k .<br />Play the game the way it is , not how it should be .Kitznoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-55633750777309075992012-05-07T19:08:55.688+01:002012-05-07T19:08:55.688+01:00Inflation is a cert . Get into debt , it's the...Inflation is a cert . Get into debt , it's the only way they can't tax brains ( at least for a while ) .Kitznoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-15581854002676426772012-05-07T16:14:53.948+01:002012-05-07T16:14:53.948+01:00As far as I can discern, no-one knows what the sou...As far as I can discern, no-one knows what the soundbite "growth" really means, it's just the current buzz word. The only idea anyone seems to have is to use public funds to directly invest in "productive enterprises" (perhaps construction etc?). Imagine the scope for corruption as public and private entities are handed out billions on a variety of hare-brained badly-costed ideas. No leader anywhere is willing to confront the debt/spending problem head on. All we keep trying to do is avoid going under the surgeon's knife by taking more paracetemol.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-72009018350989179612012-05-07T08:19:51.916+01:002012-05-07T08:19:51.916+01:00(Darn, sport =/= export.
My grammar and spelling ...(Darn, sport =/= export. <br />My grammar and spelling have gone down quite a bit ever since I stopped trying to read the broken preview window)drooghttp://gravatar.com/droogthegwirenoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-7242073803295415812012-05-07T08:02:29.847+01:002012-05-07T08:02:29.847+01:00I would not recommend any world leader to pay atte...I would not recommend any world leader to pay attention to day-to-day market swings.<br /><br />Last French auction was 3 days ago and borrowing costs dropped. Does this mean the markets were looking forward to Hollande's vicotry? You would think rational market players had weighed in the risks of Hollande's likely victory, right? Maybe they did, maybe they didn't. Today there's news that markets are roiling after the predictions came true. Er, was this not foreseeable three days ago?<br /><br />How can these guys be so erratic? Aren't sales of bonds and futures supposed to be precisely about that, looking a bit ahead? Bond markets love you one day and rue you the next. In theory this is based on rational risk evaluation but lately bond markets are suicidally erratic.<br /><br />Looking more at policy matters I am very much against austerity but I wonder how France will fare on its search for growth whilst being tied to the single currency. I'm not an economist and I don't know exactly what should happen now.<br /><br />As for Merkel, I think you give her too much credit. Of course Germany wants austerity. They made great wealth in the single currency area and they don't want it depreciated. A reunified Germany with a labour surplus and facing the challenge of domestic reconciliation found a purpose in exporting to Europe at rates that were comparatively cheaper than if the German mark tried to sport to the Italian lira. Today this model has caused large debt for the PIIGS and large wealth for Germany. No wonder they want to keep the wealth intact.<br /><br />That isn't a sing of being a grown-up, just a sign of looking after your own interests. The Greeks can shoot themselves in public all they want; they're not her constituency.drooghttp://gravatar.com/droogthegwirenoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-24698372401065361672012-05-07T07:42:53.858+01:002012-05-07T07:42:53.858+01:00I wonder what the exodus of French people will do ...I wonder what the exodus of French people will do for the London housing market.electro-kevinhttps://www.blogger.com/profile/16474290901146390184noreply@blogger.com