My blog covers various aspect which indicated that we are in a recession and going through a housing market depression, and how other countries contribute to our economy as a whole, and more; so do you agree with me and if not please share your perspective?
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Just read the Brixit blog, loved it and also great topic.
Importing and exporting is a nightmare... And it hurts to know we won't be getting some awesome EU laws that protect us from corporations wanting to stinge us.
And it's just sweet irony that the biggest driver for Brexit was on immigration, but since we left the EU, net immigration is just as high as it was while we were in..
I do believe in gold standards and I do think there was a good reason why we moved to fiat currency, but its difficult to trust it as it acts/behaves like crypto currency, as we have seen this year the crypto market has been rash, due to speculation and nervous consumer mindset. So i agree with your opinion, great post !!!!
I just finished reading your latest blog, and I do agree with your perspective as currently it isn't backed by anything. This is what's called fiat currency (great explanation btw). It has value because everyone agrees it does. And every other currency (with a few minor exceptions, not significant enough to go in to) is backed by the US dollar.
YESSSS sunnnny!!!!!!
What happened during the last recession isn't a good predictor of what will happen in this one though.
Last time, we plunged interest rates to zero and re-inflated the asset price bubble. This time we're forced to raise interest rates. Expect asset prices to tank across the board
p.s. great blog my guy we finally have something that we can all relate!!!!!
f it slides, they're effectively importing inflation, which means they'll have to raise even higher to stabilise.
As much as I buy into 'the government doesn't want to crush housing market', their hands are pretty much tied this time around. Trashing the currency only exacerbates the issues, it's not a potential exit.
The issue is the energy prices will go up and up if Sterling slides against the dollar so in theory (or in A theory) there is reason to keep pushing BoE rates up with or ahead of the Fed.
If they keep going up though we could see serious pain through even established middle classes.
And also this brings us memories of our class discussion....love it! ~no one wins against sonny!!
We're entering a decade of high interest rates, chances are this will be the most expensive decade ever to be a homeowner. House prices and maintenance costs are at all time highs and unlikely to drop, and the cost of servicing a mortgage is increasing and will likely continue to be high throughout the decade.
Sunny great page, finally you have your own platform.
The Jedi has its own lightsaber now...kill it!
The 2008 Financial Crisis was the same. Homeowners and property speculators emerged with their mortgage payments reduced by 40%, their assets in tact; everyone else has not seen real-term gains in salary or cash savings since
And also great blog, looking forward for more forums.