Monthly Archives: June 2014

#Carneyge on UK house market

BANK OF ENGLAND FINANCIAL POLICY COMMITTEE TO CAP BULK OF HIGH LOAN-TO-INCOME MORTGAGES AND TOUGHENS UNDERWRITING STANDARDS TO SET FROM OCTOBER LOAN TO INCOME RATIO AT 4.5 FOR 85 PCT OF NEW MORTGAGES TOUGHENS AFFORDABILITY TESTS FOR NEW HOME LOANS … Continue reading

Posted in Depression, House prices, Uncategorized | Tagged , , , | 7 Comments

Precious metals investing

The above is Silver.  Silver broke up out of its 1st and 2nd hurdles this week. The 2nd is the lower falling trend line, shown. It is a fair assumption it will close above this line tonight.  In other words, … Continue reading

Posted in Asset allocation, Investing, Retirement | Tagged , , , , | 13 Comments

Global and UK house prices

The charts below show global house prices in relation to local incomes and historic rents.  Some of the prices are shockingly high, relative to reasonable economic comparators. This first one, shows prices to incomes. To explain the chart, Italian house … Continue reading

Posted in Depression, House prices | Tagged , , | 29 Comments

ECB cuts Base Rate. So what?

I won’t bore you with the minutiae just a couple of details: BBC website The ECB has cut the Base Rate by the staggering amount of, er, 0.1% to 0.15%. Also, banks depositing funds at their Central Bank (the ECB) … Continue reading

Posted in Bail Ins, Depression, Investing, ZIRP | Tagged , , | 14 Comments

Wanted: p/t client service administrator E Herts

Unashamedly advertising a job with us Link to Firm website Part time Client Service Administrator, East Herts AVAILABLE NOW Deadline for applications Friday 20 June 2014 15-20 hours per week (and term time only – if desired) Working in Hoddesdon … Continue reading

Posted in Uncategorized