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Thursday, November 20, 2008
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Asteve
Activist
Posts:930
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| 29/07/2008 3:51 PM |
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View Results
And what's the betting that July was even better?
http://uk.reuters.com/article/domesticNews/idUKL925629120080729?sp=true
"Approvals for home loans in June hit their lowest since records began
and retail sales fell at their fastest pace in at least a quarter
century as a housing market downturn threatens to derail the whole
economy."
"Approvals in the three months to June stood at just 134,000, well below
the 191,000 low recorded in the fourth quarter of 1992 when the country
was in the middle of the last housing slump."
About bloody time, too!
Hold onto your hats, please. Ladies and gentlemen, it's a long way down.
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chefdave
Activist
Posts:477
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| 30/07/2008 12:27 PM |
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Things. Can only get bedder err er!
July and August will be excellent months for the HPC as the Yoy coincides with the peak of 07. Happy Days!
I've also enjoyed the recent 'revelation' of the shut down of the internation debt market and return to banks only being able to lend from savings, although this is of course being twisted as a bad thing.
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Asteve
Activist
Posts:930
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