This may be intellectually challenging for some, but well worth a read..

[TwoWolves]

Sady that remark is pretty spot-on. Nobody knows what the hell's really going-on, they just hope it will just keep doing exactly that.

Economics by fingers... (crossed that is)

[Denny]

Stephen King is managing director of economics at HSBC

No, he's a horror book author turned.........horror writer of badly written (oh I'm trying to be so clever you're all too daft to understand me) meaningless, jargon and cliche ridden economics-related mumbo jumbo.

[AtW]

I believe that thinking the BoE setting interest rates is independent of the government is not quite what it seems.

The bank may be independent, but people who make decisions there were appointed by Gordon Brown - in effect Govt has got control over it by proxy and in fact has got plenty of control.

Being independent per se is not a virtue - making right decisions is, and in case of BoE they should have raised rates to stop house pricing bubble from growing so high that when it pops people will bleed from ears.

[DimPrawn]

What it all means is simple. Buy another / bigger house and you're sorteeed

HTH

[Francko]

http://news.independent.co.uk/busine...cle1919397.ece

and this...


http://news.independent.co.uk/busine...cle1919393.ece


Milan.

Everything above Winnie the Pooh is intellectually challenging for you, Milan. I am sorry that the majority of us need more interesting insights.

[Denny]

Everything above Winnie the Pooh is intellectually challenging for you, Milan. I am sorry that the majority of us need more interesting insights.

I read philosophy and politics and classics. Yet, I didn't understand a word of it either.

[milanbenes]

Denny,

don't worry about Franko he's only bitter as he failed as a contractor and didn't take up the chance to get on the gravy train when he had it.

Milan.