David K commented on 'Action to promote growth! Why didn’t we think of that?'
Terry, most of the time you are correct, however your last post misses a couple of points I believe. Firstly, there is a shortage of houses, particularly in the South East. This pushes up prices and...
View ArticleShiv Malik commented on 'Action to promote growth! Why didn’t we think of that?'
Do you live in a house?
View ArticleTerry Daly commented on 'Action to promote growth! Why didn’t we think of that?'
We need democratism, not capitalism, liberalism, socialism, conservatism or any other 'ism'.
View ArticleDavid Starkie commented on 'Action to promote growth! Why didn’t we think of...
Excellent piece. I sit in disbelief watching the news that the PSBR is likely to exceed expectations and this brings forth calls for a change of tack, in terms of borrowing still more!! David Starkie...
View ArticleFrank Throssell commented on 'Action to promote growth! Why didn’t we think...
Ref youritem 3 above ,China is exporting prefabricated housing to Barrow Is off the NW coast of West Australia for long term workers accomodation Called Dongas, they are self cotained motel style...
View ArticleGrumpy Oldman commented on 'Action to promote growth! Why didn’t we think of...
3. No one has ever managed to export a house. I thought lots of London was being bought by rich Russians and oil sheikhs?
View ArticleStephen Britt commented on 'Action to promote growth! Why didn’t we think of...
Terry, Your post raises a few points; 1. Is there, or is there not, a shortage of homes in the UK (or certain parts of it)? 2. Surely, if we built lots more, the prices would naturally fall (supply...
View ArticleTerry Smith commented on 'Action to promote growth! Why didn’t we think of...
A general reply to all the responses on my post Action to promote growth: The main point I was seeking to make was that borrowing and spending more as a response to being too heavily indebted will not...
View ArticleDavid K commented on 'Action to promote growth! Why didn’t we think of that?'
Terry, a couple of points. First is it not government that is inhibiting a free market through highly restrictive planning regulations? Secondly, surely if there were more houses, the prices of which...
View ArticleAndrew commented on 'Action to promote growth! Why didn’t we think of that?'
"Of course, at any moment, the bond markets may just spot that this is all baloney." I suppose eventually interest rates are going to have to rise again...but I've been hearing this kind of "baloney"...
View ArticleNick commented on 'Action to promote growth! Why didn’t we think of that?'
Indeed. Politicians will do what they think will get them elected so they are not going to engineer a fall in house prices. They, with the help of the BoE, are trying to do the opposite (or at least...
View ArticleBobBeveridge1 commented on 'Action to promote growth! Why didn’t we think of...
Have you come across this report on the correlation between government size and growth? http://journalistsresource.org/wp-content/uploads/2011/08/Govt-Size-and-Growth.pdf It shows a clear inverse...
View ArticleTerry Smith commented on 'Action to promote growth! Why didn’t we think of...
Thank you for this although I had seen mention of the research in an excellent note by Peter Bennett from Walker Crips Stockbrokers, but it was good of you to post the hyperlink so that I can read it...
View ArticleAndrew commented on 'Action to promote growth! Why didn’t we think of that?'
I particularly enjoyed the last paragraph of the paper's conclusion [Emphasis mine]: Finally, while there is close to a consensus on the sign of the correlation, THERE IS ALSO CONSENSUS ON THE FACT...
View ArticleRussH commented on 'Action to promote growth! Why didn’t we think of that?'
I would like to see more attention paid to the part of the Bergh and Henrekson report that makes the link between levels of trust and economic growth. Almost no politician, or poster for that matter,...
View ArticleTerry Smith commented on 'Action to promote growth! Why didn’t we think of...
Andrew: That’s not taken from the paper’s conclusion but from section 3.7 the final sub section of “3. What do EXISTING studies show?” [Emphasis added] The actual Concluding remarks are in section 5,...
View ArticleRussH commented on 'Action to promote growth! Why didn’t we think of that?'
Whilst its true that that caveat emptor applies to getting a mortgage, I would expect a greater sense of responsibility should apply to the people giving out mortgages as its something they do all the...
View ArticleTerry Smith commented on 'Action to promote growth! Why didn’t we think of...
RussH: You don’t have to be a finance professional to work out that you can’t service or repay a mortgage. I am not aware of anyone who was coerced into taking out a mortgage. Blaming bankers for...
View ArticleRussH commented on 'Action to promote growth! Why didn’t we think of that?'
Whilst I have no problem with teaching people responsibility, the ability to ask the right questions requires considerable knowledge and when obtaining a mortgage that knowledge, as far as I am aware,...
View ArticleTerry Smith commented on 'Action to promote growth! Why didn’t we think of...
RussH: We’ll have to agree to differ to some extent. I can agree with you to the extent that some mortgages were clearly mis-sold, but if an adult can’t work out whether or not they have enough money...
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