EUR

Thank Dave...Happy Thanksgiving to all..

adding more shorts here at 3600..

jpmorgan, china 10y yield near 07/08 double top, and aussie drop after china 10y yield top in 08.

London and South East property prices growth do not reflect the rest of the country, not by a long way. There is plenty of scope for house price increases generally, just to get back to levels 6 yrs ago. During that 6 year period real inflation in UK has been very much higher than the official stats !

The problem we face is that banks are not fit for purpose. They no longer know how to assess credit risk, their only interest is to make as much money as possible by whatever means, however criminal.

The govnmt housing incentive scheme is extremely vulnerable to abuse. If banks have no idea how to assess basic lending criteria like LTV, earnings potential, job security then how can they employ responsible lending. This aside I don't think they even care about responsibility. Most bank CEO's should already be in Jail imho. I am sure Mark Carney will be aware of this sorry state of affairs and we have yet to see a responsible competent regulator. The new regulatory authority has yet to prove itself. I'm afraid I have very low confidence in that.

All this aside, immigration is still putting impossible strains upon our infrastructure and public services, not to mention housing. I do believe there will be a revolution against unsustainable immigration. Feelings are very strong indeed and nothing to do with racism, just pure common sense.

those are not calls, but tech analysis. and i put 1000 words analysis in one line. also fundas, but even longer than tech.

EU below 3832-3297 61.8% 3629, fail to break 3629 fall to 3589 3564.