Comments on: British economic governance encounters turbulence http://blogs.reuters.com/anatole-kaletsky/2013/12/05/british-economic-governance-encounters-turbulence/ Sat, 03 Jan 2015 16:42:55 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: DBlanchflower http://blogs.reuters.com/anatole-kaletsky/2013/12/05/british-economic-governance-encounters-turbulence/#comment-1386 Mon, 09 Dec 2013 02:28:39 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=724#comment-1386 Seems to me there is a simple explanation. Carney had to temper what he said as he was speaking for the FPC and not himself. They presumably haven’t done a deal with the Chancellor to loom the other way when he was starting the mother of all housing booms. Halifax this week reported hp/earnings ratio of 4.77 same as in dec2003 just as the boom was taking off.
Danny Blanchflower

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By: RobinKent http://blogs.reuters.com/anatole-kaletsky/2013/12/05/british-economic-governance-encounters-turbulence/#comment-1380 Fri, 06 Dec 2013 21:57:41 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=724#comment-1380 And we’re back out there with 95% mortgages again despite the regulator, the newly created FCA, adding early intervention in products to its list of responsibilities. Will we never learn? That’s just high gearing – to buy an expensive asset?

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By: Het_Russ http://blogs.reuters.com/anatole-kaletsky/2013/12/05/british-economic-governance-encounters-turbulence/#comment-1379 Fri, 06 Dec 2013 12:57:10 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=724#comment-1379 The unfortunate fact is that a globalised city like London can only get more expensive, all things being equal. Investment by wealthy citizens of BRICs and other new world countries will continue as long as London is seen as a safe haven.

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By: BidnisMan http://blogs.reuters.com/anatole-kaletsky/2013/12/05/british-economic-governance-encounters-turbulence/#comment-1378 Fri, 06 Dec 2013 06:20:24 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=724#comment-1378 Thomas of Becket is the wrong story. The correct story is Thomas Moore who defied Henry VIII on the principle that the king was not higher than god. Carney has defied the rulers on the principle that you cannot jeopardize the long term prospects of an economy by forcing creation of a housing bubble to temporarily allow re-election. He will go down in history as one of the good guys.

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By: stevedebi http://blogs.reuters.com/anatole-kaletsky/2013/12/05/british-economic-governance-encounters-turbulence/#comment-1377 Thu, 05 Dec 2013 23:28:41 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=724#comment-1377 After what happened in the US in 2008, I’m shocked that anyone with sense would allow real estate markets to show any signs of “bubble”, which I believe includes higher leverage.

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By: AdamSmith http://blogs.reuters.com/anatole-kaletsky/2013/12/05/british-economic-governance-encounters-turbulence/#comment-1376 Thu, 05 Dec 2013 20:58:35 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=724#comment-1376 Very interesting article. This type of article is what brings me to Reuters.

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