Archive for January 25th, 2010

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Humility Becomes The Bank Of England

Monday, January 25th, 2010

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Originally posted 18th May 2009
The quarterly work of fiction has just come out from the Bank of England and as usual they have got some pretty big assumptions wrong. However, in this report as well as in the press conference, I saw a more reserved approach from Mervyn King.
I think he had been riding on [...]

No New Instructions Coming On

Monday, January 25th, 2010

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Originally posted 5th May 2009
In our constant chatting with estate agents, we have noticed that without exception they are all saying that they are not getting any new instructions coming on. Obviously this is an exaggeration as they will be getting some, but they are not coming on at the rate they need to in [...]

Persistence Is The Answer

Monday, January 25th, 2010

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Originally posted 22nd April 2009
I was chatting with Greg yesterday about how it is going finding properties for clients right now and he was explaining the problems that we are facing currently. The biggest problem we are having is the one that I mentioned would happen a few months ago.
That is, the first time buyers [...]

The Real Reasons Behind The Crises Part II

Monday, January 25th, 2010

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Originally posted 9th April 2009
What If We Were A Great Bank?
So let’s say we were a bank and we started out with say £2,000,000 of capital. So we started trading and we took in deposits and decided to loan out our deposits at a higher rate than the interest we were paying for the them. [...]

The Real Reasons Behind The Crisis Part I

Monday, January 25th, 2010

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Originally posted 8th April 2009
It has been said at the moment that if you are not confused then you are not thinking clearly.
The credit markets are frozen and despite the recent surge in the stock market, they remain so. So any recovery in stocks will turn out to be a false dawn until these are [...]

Full Steam Ahead Towards the Iceberg of Depression Turbo-Charged

Monday, January 25th, 2010

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Originally posted 20th March 2009
I wrote a few months ago that we were full steam ahead towards an iceberg of depression. Well in the last few weeks this lot have found how to strap a turbo-charger to the engine – very depressing! Which of course, is why it is called a depression.

Let The War Begin

Monday, January 25th, 2010

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Originally posted 17th March 2009
There’s some big problems out there at the moment and this week, would you believe, one of the most frugal nations on earth decided to stage an attack. Last week Switzerland’s Central Bank moved to devalue their currency…Now to most this doesn’t sound like a very big deal and actually sounds [...]

The Great Experiment

Monday, January 25th, 2010

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Originally posted 13th March 2009
I’ve been meaning to write about this for some while now but there has never been enough time and as I stare at the notes I made whilst reading and evaluating the financial crisis, I see there really is an abundance that I could write about. However, this subject needs to [...]

It Appears That the Manipulation of the Press Is Alive and Well in the UK

Monday, January 25th, 2010

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Originally posted 2nd March 2009
The other day I wrote about an article published by the Telegraph on the 11th February. The headline was ‘European banks may need £16.3 trillion bail out’. In the article the reporter revealed that he had seen a document produced by the European Commission which briefed the EU’s finance ministers on [...]

Nationalising The Banks, When Will It Happen And Is It The Only Way?

Monday, January 25th, 2010

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Originally posted 26th February 2009
I’m going to quote part of an article today written by Nouriel Roubini, regarding the alternative choices to nationalising the banks and how he doesn’t see these as working. As you will know he is among a very short list of people whose opinions I have found myself most aligned with [...]

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