UK House Prices Tumbling - Interest Rate Conundrum

[Turion]

Interesting house price and general UK economy analysis in this article. Among other things is a forecast of 15% drop in house prices by Aug 2009 and also predictions that a panicky govt will try to inflate the economy by making BoE abandon the 2% inflation target (thought they done that already). Also some stuff about how the tax payer is now supporting the banks and borrowers through its mortgage for treasory loans exchange scheme.

http://www.marketoracle.co.uk/Article4625.html

[snaw]

Interesting house price and general UK economy analysis in this article. Among other things is a forecast of 15% drop in house prices by Aug 2009 and also predictions that a panicky govt will try to inflate the economy by making BoE abandon the 2% inflation target (thought they done that already). Also some stuff about how the tax payer is now supporting the banks and borrowers through its mortgage for treasory loans exchange scheme.

http://www.marketoracle.co.uk/Article4625.html

Do you have any other interests or hobbies Turion?

[Moscow Mule]

Mission improbable

Turion, your task for the day (should you choose to cheer up a bit) is to find some positive news on the economy.

This forum will self-destruct in 5 seconds...

[oracleslave]

Turion, your task for the day (should you choose to cheer up a bit) is to find some positive news on the economy.

This forum will self-destruct in 5 seconds...

Failing that find a squirrel to molest.

[ferret]

Turion, your task for the day (should you choose to cheer up a bit) is to find some positive news on the economy.

This forum will self-destruct in 5 seconds...

For some people this could be seen as positive news...

[lilelvis2000]

Good. Houses prices will come down to reasonable levels. You have to admit they were nuts. I'm sure the banks will keep money pretty tight for a couple years at least.