Comments on: UK: Housing Crash in Progress?

By: Awake

Awake — Wed, 02 Jul 2008 21:42:00 +0000

@dingojoe, a:

Also don’t forget the difference in interest rates. England’s rates are like 200 bps higher on the near end of the curve than ours; Interest Rate Parity is by far the biggest driver of currency exchange ratios

By: a

Wed, 02 Jul 2008 07:24:00 +0000

dingojoe:

1/ England still has the pound not the euro.

2/ England RE is about 1 year behind the U.S. (And still some of their banks are in as bad shape as some of the Americans'.)

By: dingojoe

dingojoe — Wed, 02 Jul 2008 05:09:00 +0000

So, why is the the dollar so weak against the Euro if their RE is as weak and their banks as incompetent as ours?

By: Doc Holiday

Doc Holiday — Wed, 02 Jul 2008 04:27:00 +0000

Bloody hell, what are we supposed to do now, smoke a pipe and have a pint?

By: Awake

Awake — Wed, 02 Jul 2008 03:12:00 +0000

Yves-

Any idea on who’s holding the UK loans? Who are the major orginators over there, and are we going to see the shoe drop on the European big names, or did a lot of that stuff get packages and sent over here?