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House prices at the bottom end of the market are now falling faster in Britain than Spain,

Posted by L Levin on April 14, 2011 at 8:54am

House prices at the bottom end of the market are now falling faster in Britain than Spain, according to a comprehensive survey of the biggest house price indices.

But house prices continue to rise at the top end of the market, with an average increase of 3.4pc over the last year among the most expensive fifth of properties. By contrast, the cheapest fifth of properties saw prices fall by 5.1pc over the year,  compared to a 1.9pc decline over the same period in Spain.    http://blogs.telegraph.co.uk/finance/ianmcowie/100010007/house-prices-are-falling-faster-in-britain-than-spain/

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Key euro-priced bank-to-bank lending rates rose to near a two-year high on Wednesday, EURUSD 1.50 here we come

Posted by L Levin on April 13, 2011 at 10:27am

The ECB raised euro zone interest rates by a quarter of a percent to 1.25 percent last Thursday, ending almost two years of record low interest rates.

Two-thirds of the 62 economists polled by Reuters after the hike, which until last month would have shocked experts, expect another rate rise by July at the lates

http://uk.reuters.com/article/2011/04/13/markets-euribor-idUKEAP50PD0020110413
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To Add Insult To Injury

Posted by Aadil on April 12, 2011 at 9:22pm
Everyone knows that the major stock market indexes are selling off today. Do you know what else is selling off today? Thats right, the U.S. Dollar Index is declining again and is getting closer to its November 2009 low at $74.17. The U.S. Dollar Index has declined lower by 16.0 percent since June 7, 2010. That decline in the dollar has been the catalyst for the stock market rally since late August 2010 when the Federal Reserve announced its second round of U.S. Treasury purchases called quantitative easing or better known as QE-2. 

What is going to happen if the U.S. Dollar Index and the stock market decline together? Does this mean that QE-2 was a failure and deflation is back? What is really so wrong with deflation? After all things that people need and use will get cheaper. Housing may actually find a true bottom. However, foreign countries would no longer lend the United States money and that is a problem for the politicians. 

When the U.S. Dollar Index declines and the markets inflate higher that is a scratch or break even. When the U.S. Dollar Index rallies and the stock market rallies like it did in the 1990's that is real wealth. However, what are we to expect if the stock market and the U.S. Dollar both decline together?  This would be considered real destruction and a tearing down of the system. Perhaps that is what this country needs these days.
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UK retail sales suffer worst fall on record, BRC says, BBC(zionist) article + video

Posted by L Levin on April 12, 2011 at 9:10am

The British Retail Consortium (BRC) has recorded its worst fall in sales since records began in 1996, a further sign of difficult times on the High Street.   The BRC said total sales in March were down 1.9% on a year ago, although the early timing of Easter last year had an effect on the figures.

But the BRC said shoppers did not want to spend "unless they really had to".

 

http://www.bbc.co.uk/news/business-13042329

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