tag:blogger.com,1999:blog-2948538160252327076.post8767556787630844458..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: Free moneyAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2948538160252327076.post-55649726243034686932008-09-03T23:15:00.000+01:002008-09-03T23:15:00.000+01:00Rob,In the City, I think the winners and losers ar...Rob,<BR/><BR/>In the City, I think the winners and losers are:<BR/><BR/>Winners:<BR/>Forensic accountants, trial lawyers, buy-side investment and credit analysts, management accountants, anyone supporting pricing and untangling derivatives and structured debt, audit, op risk, compliance<BR/><BR/>Losers:<BR/>Anyone on the sell-side who is reliant on transaction fees particularly investment bankers, traders, credit analysts, M&A, hedgies, salesmen, op risk guys whose firms lost a ton<BR/><BR/>NickAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-66205339180105355342008-09-03T11:23:00.000+01:002008-09-03T11:23:00.000+01:00The winners and losers in the UK job market as rec...The winners and losers in the UK job market as recession looms. The losers include surveyors, architects (but not estate agents). That explains why RICS are so vocal with their 15 point plan to save the housing market.<BR/><BR/>RICS<BR/>http://www.rics.org/Newsroom/spotlight.htm<BR/><BR/>The winners and losers...<BR/>http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/09/03/bcnjobs103.xml<BR/><BR/>Hot jobs in recession Britain:<BR/>Credit controllers<BR/>Energy efficiency engineers.<BR/>Accountants<BR/>Tax managers<BR/>Public sector work including supply teachers, nurses, social housing workers and careworkers.<BR/><BR/>Five jobs on the slide:<BR/>Administrative and clerical support roles.<BR/>Builders and labourers<BR/>Surveyors and architects<BR/>City traders and investment bankers<BR/>Lower-skilled IT workersAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-54588690645930529452008-09-03T09:30:00.000+01:002008-09-03T09:30:00.000+01:00I think it is clear the housing market produces a ...I think it is clear the housing market produces a type of economic growth, but while doing so, it destroys other economic growth. I shall use a basic example: where I live a really nice, funky warehouse office development was created. It clearly was designed to host SME start-ups. And it did for about a year. And then after the dotcom bust, in moved a fake wood flooring biz. And so it has remained. These guys have clearly made a lot of money on all the property renovation, providing crappy floors for Sarah Beenie renos. But what if it had stayed a start-up place? And out of those start-ups, some international bizs came out of it? Or even well-paying local employers so that people around didn't need to commute for an hour to work? That's the damage the housing market does.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-5214086784989244602008-09-03T08:32:00.000+01:002008-09-03T08:32:00.000+01:00Alice, I'd really like to see some analysis of the...Alice, I'd really like to see some analysis of the link between growth and the housing market. <BR/><BR/>Personally, I think the link is overblown, mainly by the highly vocal property trade [estate agents (NAEA), surveryors (RICS), lenders (CML, BBA), property pornsters (BBC, C4, the rest), builders].Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-58009606278161197082008-09-02T23:02:00.000+01:002008-09-02T23:02:00.000+01:00The currency markets gave their verdict on the Lab...The currency markets gave their verdict on the Labour clowns today. No such thing as a free lunch. If you print money, bye bye strong sterling hello surging import prices.<BR/><BR/>It doesn't matter though. Housing is in the liquidity trap. Nothing is going to entice FTBs back into the market now that they all realise that prices are tumbling. Japan couldn't do it with free money either.<BR/><BR/>NickAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-75230916083182728532008-09-02T22:08:00.000+01:002008-09-02T22:08:00.000+01:00Did you hear that the crazy US government allocate...Did you hear that the crazy US government allocated $3.9 billion in aid to state and local governments to buy and rehabilitate foreclosed homes? <BR/><BR/>So the local government of Stockton, CA is going to turn around the decrepit housing market by putting some nice fancy landscaping in front of each and every foreclosed home. Problem: there will still be 40-50 foreclosed homes lined up next to each other - what is a bit of shrubbery going to do for that? Talk about a waste of money!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-46902930349487975382008-09-02T22:07:00.000+01:002008-09-02T22:07:00.000+01:00ho hum, all a bit stupid really from good Old Labo...ho hum, all a bit stupid really from good Old Labour.<BR/><BR/>That Stamp Duty change is of course no use at all for anyone inside the M25. Frustrating as it is though, for those of us with enough common sense to see that the best thing for First Time Buyers (god i hate that phrase) is lower house prices, they will get there eventually despite all these inane government ideas.<BR/><BR/>In the meantime, rents keep getting cheaper as more sellers who can't sell decide to let their places out.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-85733956995133564262008-09-02T21:27:00.000+01:002008-09-02T21:27:00.000+01:00As a potential first time buyer I am not in any wa...As a potential first time buyer I am not in any way tempted by today's announcements.<BR/><BR/>A possible saving on stamp duty of up to 1750 pounds is tiny compared to the rate at which house prices are falling. I have waited very long for house prices to come back to sensible prices and can wait another 2 or 3 years.mikehttps://www.blogger.com/profile/05772374031938763566noreply@blogger.com