Stewy

I'm so relieved I bought with cash during the great House Price Plateau - having the cash in the bank instead would have meant a lot of nervousness. Any interest would be charged at 40% so not like I would be getting much better than around high 2s percent. I think there's perhaps three months left to get a bargain before all the pre election bribes and rate cuts.

Very soon.

0.0% month on month. Totally plateaud.

Much of that is dated data from months ago. The more recent stats are showing annualised rate of 1.2%. They should more heavily weight the recent data in order to plot their rate cutting progress.

They will cut as they are targeting inflation - which has collapsed. More data out tomorrow will confirm this.

Inflation is expected to collapse on Wednesday to an annualised 1.2%. (I think it'll need its own thread - Inflation Is Over 👍 )

A lot can happen in a year. I've been putting a few tenners on long shots as it is plausible neither Biden nor Trump make it to the vote in 12 months. The "small bets but nice payouts" provide a bit more interest anyway.

Didn't the scrappage scheme put a floor under prices 😉

The problem you have with this theory is that yields are below central banks' rates and are therefore pricing in rate cuts.

I don't know about that. Loads of busy pubs at midday Saturday last weekend in this northern town. Upmarket curry house also packed at 6pm Friday. (I can barely spend a third of my wage as things are so ridiculously cheap. Pints at £2-3 for good quality cask.)

GDP per person would make interesting viewing... 🙄

They'll be even less bearish when the rate cuts start flowing

Owners should be able to get their property back. Nothing wrong here.

Interesting you say that as all the energy curves are in backwardation ✓✓✓ 🙂

Bought one, lining up my second and third.