All Posts Tagged With: "House Prices"
The Stock Market Sectors You Should Sell Out of Right Now
Why inflation is bad news for the high street. You’d expect the slump in the housing market to take its toll on the high street. And indeed it has.
House Price Crash UK: Prices to Fall 10% by 2010
A new report by Paris-based economic think tank the OECD warns of a severe house price crash in the UK.
The report predicts that UK house prices will crash by 10% by 2010 and that, with consumer spending slowing, the Bank of England will eventually need to cut interest rates by three-quarters of a percentage point to 4.25% next year.
Ben Traynor in The Daily Reckoning explains how a house price crash in the UK will affect the country’s economy…
Inflation Hasn’t Yet Reached the Wild Levels of the 70’s
Zzzzzzzzzzzzzzz. Today’s market action offers us a simple lesson: markets better than governments.
Base Metals Can’t Get Respect
The base metals were mixed again on Wednesday. Copper had some big ups and downs but in the end was little changed as it finished at $3.6206/lb., down a penny and a half.
House Prices Need To Drop 10% For First-Time Buyers To Get On The Ladder
Would-be first-time buyers have had a hard time of it. They want to buy a house, but time and again many are thwarted by the same problem. They can’t afford to buy a house. Not being able to afford something is a very common problem in markets.
How Housing Market Will Affect Economy
It never rains, it pours. Hot on the heels of the Bradford and Bingley saga, we wake up today to the news that mortgage lending has hit a record low.
Housing’s Fall Means Gold Will Rise
The Economist recently reported that “house prices are falling even faster than during the Great Depression”. The housing bubble kept inflating for far longer than most expected.
Are Your Investments Prepared For Stagflation Britain?
Ah! This is more like it! You know how the official, Consumer Price Index (CPI) inflation figure was 3.0% last month? Well, I don’t know about you, but that felt a bit low to me. I buy things.
Biggest Drop in British House Prices Since 1991
British house prices fell in May by the most since at least 1991, according to Bloomberg:
The price of an average home dropped 2.5 percent from April to 173,583 pounds ($344,000), Britain’s fourth-biggest mortgage lender said today in a statement. That’s the largest decline since the index started in January 1991. From a year earlier, prices fell 4.4 percent.
Gordon Brown’s Barmy Answer To The Oil Crisis
“Captain, we’re running out of fuel!” “Don’t panic! Just burn up what little we have. And burn it faster!” Gordon Brown, crisis buster extraordinaire, has a solution to the energy crisis. Are you ready?
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