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Posts by "daveo"
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Posts by Anonymous "daveo":
There is much silly talk from useless financial commentators re housing bubbles already. It's nonsesce. Take London out of the equation and they should concern themselves with the behaviour of their own useless industry, that is to say the regulation of mortgages and loans to fit affordability criteria, job security etc. It used to be extremely strict prior to 1993---It CAN be done. It WAS done by the older generation of banks and mortgage advisers. We really don't need a loada whiz kids employed in the financial services sector but I'm afraid this is what we got :-) They used to be employed selling used cars :-)
Were your stochastics telling you to fade for long ?
What happens next ? In January the floodgates open to immigration from new EU member countries and we can do f*ck all about it, crazy EU regulations requiring us to take in all comers from Europe. Some of these immigrants will be long term unemployed, travellers and gypos,criminals,religious nutters, even terrorists.
How stupid can we be ?
http://www.mauldineconomics.com/outsidethebox/wtf