tag:blogger.com,1999:blog-32841798.post8607783979517186126..comments2024-03-18T16:33:31.633+00:00Comments on Capitalists@Work: A Cauldron Boiling. Thunder. Enter the 3 Witches.CityUnslickerhttp://www.blogger.com/profile/15929544047783163175noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-32841798.post-52687775529471886132010-08-26T14:14:10.573+01:002010-08-26T14:14:10.573+01:00something else to give pause for thought, Laban - ...something else to give pause for thought, <b>Laban</b> - <a href="http://2.bp.blogspot.com/_3QqO8EXd-II/THTH9_p0aVI/AAAAAAAA3Dw/iUaxAI-kAC4/s1600/bank+failures.JPG" rel="nofollow">this graph</a> (which seems to be copyright otherwise I'd stick it up) showing US bank failures, at higher rates this year than 2009 (& much higher than 2008)<br /><br />I know there are many small banks in the US, but still ...Nick Drewhttps://www.blogger.com/profile/13670594203660051701noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-20217043799408169672010-08-26T10:41:19.444+01:002010-08-26T10:41:19.444+01:00"rising unemployment, falling house prices an...<i>"rising unemployment, <b>falling house prices</b> and a renewed banking crisis as the threats to the economy"</i><br /><br />Average UK wage 24-25K (and falling?).<br /><br />Average UK house price 175K ? <br /><br />Meaning that someone on an average UK wage has zero chance of buying a house on one wage - something that was commonplace in the 1950s/60s/70s ?<br /><br />And apparently the UK has grown "richer" since then ?<br /><br />One wage house purchase being the prerequisite for raising children outside of welfare - what Steve Sailer calls <a href="http://isteve.blogspot.com/2008/02/affordability-of-family-formation.html" rel="nofollow">'affordable family formation'?</a><br /><br />Did you see the <a href="http://www.ritholtz.com/blog/2010/07/updating-the-case-shiller-100-chart-forecast/" rel="nofollow">historic US house price graph</a> in Alphaville ? They are still well above historic averages. Ours must be higher still. <br /><br />House prices need a 50%+ drop to become affordable again. Is the calculation that outstanding mortgage loans are so high, and the damage to financial institution so great were the underlying assets to halve, that the bubble must be kept inflated at all costs ?Labanhttps://www.blogger.com/profile/12031578024191117985noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-30987582009691640482010-08-25T21:28:16.770+01:002010-08-25T21:28:16.770+01:00OK Nick - full version hereOK Nick - full version <a href="http://pricewagesqueeze.blogspot.com/2010/08/inspired-and-egged-on-by-nick-drew.html" rel="nofollow">here</a>Steven_Lhttps://www.blogger.com/profile/05029437876479574883noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-76517661380654112132010-08-25T20:12:32.567+01:002010-08-25T20:12:32.567+01:00it is going to be a long winter for all except a m...it is going to be a long winter for all except a minority who have all the wealth.alanhttp://casino.ladbrokes.com/en/noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-46265458832004339972010-08-25T17:37:53.866+01:002010-08-25T17:37:53.866+01:00Loans advanced for equ’ty stake,
In the caldron bo...Loans advanced for equ’ty stake,<br />In the caldron boil and bake,<br />All the crap we canny flog,<br />Off the balance sheet unclog,<br />Salesmans talk, investors sting,<br />Deals all signed and we’re ker-ching,<br />For the central bank there’s trouble,<br />It's a bursting credit bubble,<br /><br />Housing bubble, toil and trouble,<br />Sovereigns burn, banks buckle!Steven_Lhttps://www.blogger.com/profile/05029437876479574883noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-72461585902728072382010-08-25T14:12:19.594+01:002010-08-25T14:12:19.594+01:00excellent Steven ! more !
I shall be looking to m...excellent <b>Steven</b> ! more !<br /><br />I shall be looking to my laurelsNick Drewhttps://www.blogger.com/profile/13670594203660051701noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-46552892778393137512010-08-25T13:47:09.736+01:002010-08-25T13:47:09.736+01:00In the poison’d subprime throw,
Rates, that under ...In the poison’d subprime throw,<br />Rates, that under teaser loan,<br />Days delinquent thirty-one,<br />Shoddy housebuild’s going to rot,<br />Throw it in the melting pot,<br /><br />Housing bubble, toil and trouble,<br />Sovereigns burn, banks buckle!Steven_Lhttps://www.blogger.com/profile/05029437876479574883noreply@blogger.com