House prices are due to go down 5% aswell according to leading bods.

So does that mean they'll go up 10 %

In my view, its all nonsense, it's a "wait and see" scenario for most things in this age.

Since it appears the UK will be the very last to come out of recession (albeit several countries have had none, including Libya) the only desperate thing is to continue QE. We need Inflation, the "danger" is Deflation (truly great for those social outcasts Savers though) and unless that Inflation arrives QE is likely to continue. So really all QE has done is prevent Inflation. The Boom was built on unwise spending on Debt by individuals (and Companies) and rampant Property speculation, there is little general enthusiasm any more for such excesses, not least in Gordon Browns` "hard working families".

U R a "
Bloody Stinking Traitor"
U deserve a visit from Combat 18, then you won't support Gaddafi

U R a "
Bloody Stinking Traitor"
U deserve a visit from Combat 18, then you won't support Gaddafi

Are you a girl Declan, Mipi said this mipi said that!

Most economists were expecting £50Bn more QE given the dire state of our finances. Given that an extra £50Bn would have signalled to all that we are desperate the fact that the MPC voted for £25bn does not show that they are optimistic at all. Merely they are scared of showing everyone that our finances are completely screwed. All this means is that we will have yet another £25Bn of QE sooner rather than later.

As I said before Declan, I work with fundamentals, I cannot and even will not, try to guess what the insane idiots on the MPC or Gordon Brown will do next.

MiPi

I am just noting the fact that you were wrong, as ever.

"As I said before Declan, I work with fundamentals"

You have zero concept of the basics, let alone any understanding of fundamentals.

"I cannot and even will not, try to guess what the insane idiots on the MPC ..."

MiPi just because you are too dense to understand what is going on Is no reason to bad mouth the MPC.

QE expansion-phase is nearing an end.

mixed messages from Telegraph re NRK
They say 40% of debts are toxic later saying that £19 billion of good mortgages will go into a clean company.That would leave £67 - £19 b = £48 b as toxic in other words 70% of NRK portfolio might beregarded as toxic. This I would consider more likely. NRK was the first failure. When I named the other banks susceptible to failure at the time, I got the Doom treatment like Rocky. NRK is still one of many UK asset problems. The problem remains that the underlying asset on which leverage is made are houses now valued at £4.2 trillion, which were valued at £1.4 trillion in 1997. QE delays the day when this property balloon must be $%^&ed until after the next election.