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Re: easing of mortgage affordability.
My first thoughts when I heard that this morning was..... buyers must be drying up, got to keep the housing market buoyant. When things like this happen you just know we're approaching the top, nothing is forever. This government will try and perpetuate this 'boom' for as long as it can, so much depends on it.
But if it turns significantly, there will be other factors that caused it.
Meanwhile everyone is happy as it gives a feeling of wealth across the country, except for the first timers.
Brits have seen almost their entire economic base of manufacturing, mining, farming, retail and services destroyed by cheaper or superior foreign competition during the past 70 years. UK wages are low and taxes are high. The only way most people today can get (or feel) affluent is by piling mortgage debt up to the eyeballs, sit tight for a few years, and then flip a house or two to the next sucker on the ladder. It is vital that Boris keeps the house market rolling and relaxes the mortgage rules in 2022. The UK's future depends on it.
skier1
And the destruction did not come about by accident, it was planned by politicians and Industry and bankers.
Off shoring of jobs and transfer of wealth started in the 70s but became the big thing, during Blairs reign 100.000s went over seas.
And remainers say that we would lose jobs by leaving the EU, the destruction of this country was carried out whilst we were in the various stages of the EUs members ship and development.
The UNs agenda 21 will see the transfer of $700 trillion from the West in the next 80 years and that is the UNs own assessment .
£13 billion per year x 10=£130,000.000.000 that is just foreign aid from the UK.
what is wrong with the horse ,
"what is wrong with the horse "
Nothing? Running its normal 3 legged race with the jockey facing backwards. lol
It's a Donkey
It's behind you
This will stay around this level until BOE MPC meeting 16th December, but any market down days between now and then will drag it lower. 24th February cannot come soon enough!
Evergrande raising its ugly head in the news...
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Considering the US markets are on a flyer,this donkey is going no where today
"Evergrande raising its ugly head in the news..."
But that has not affected Markets today, European Markets and Wall Street having a very good day.
Gazzleberry
Which other main culprit did I miss out?.
Maybe upping the ante on the citra project hasn't gone down well.
Falky.
Evergrande, could be Lloyds secret property company.
Gazzleberry.
The Unions did not help either, no union really fought to keep jobs here and they were more than happy to have foreign workers here as long as they paid their dues each week .
Lloyds down and going sideways another 3 months, Its looking like the BoE MPC rate hike will be delayed further into next year, despite healthy labour market data and new inflationary pressure
IAG up 8 percent today seems the African variant isn't so infectious
Is Lloyds the equivalent of evergrande ?
Boy investors prove otherwise, 64p now 80p .
Falky
No rate rise no share price rise, higher earnings will drive share price application
Woody9
The person who said, If you buy shares you must be prepared to wait 10'years
He / she must of been a Lloyds Banking Group Shareholder :-)
The British economic ponzi scheme relied on cheap overseas labour,which is now coming to an end,the cracks are appearing, manufacturing of good quality reliable goods must return to the UK with a label of quality there will be a worldwide demand,thinly problems are of course are the British will they get up of there arses and get on with the job or will they be there own enemy ,its of course a balance of fare pay for fare play,but after the cheap labour of China and India what is left ,and without planning allowed for anything in the UK,I can't see much left tourism and covid won't help,if the ponzu housing market collapses then dark days lay ahead,well that's enough gloom for this morning, have a happy day,42p coming soon dyor.
European shares look set for a second straight day of solid
gains with index futures rising almost 1% and investors pointing
to easing worries over the Omicron virus variant.
Gazzleberry
GlaxoSmithKline's has a new antibody-based COVID-19 therapy witch is effective against all mutations of the new Omicron variants, this is good news for the markets this morning
Dec 7 (Reuters) - British drugmaker GSK (GSK.L) said on Tuesday its antibody-based COVID-19 therapy with U.S. partner Vir Biotechnology (VIR.O) is effective against all mutations of the new Omicron coronavirus variant, citing new data from early-stage studies.
https://www.reuters.com/business/healthcare-pharmaceuticals/new-data-shows-gsk-vir-drug-works-against-all-omicron-mutations-2021-12-07/