Comments on: UK: Homebuilding at 50 Year Low, Banks Clamp Down on Lending http://www.nakedcapitalism.com/2008/10/uk-homebuilding-at-50-year-low-banks.html Mon, 23 Nov 2009 02:08:55 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/10/uk-homebuilding-at-50-year-low-banks.html#comment-19321 Anonymous Sat, 04 Oct 2008 08:39:00 +0000 http://www.nakedcapitalism.com/2008/10/uk-homebuilding-at-50-year-low-banks-clamp-down-on-lending/#comment-19321 Any comparison of UK homebuilding rates of 50 years ago should take into account the fact that there was a heavy local government building program from the end of WW2 until at least the early 1960's. That is not the case today.<br/><br/>So to say that <b>private</b> building rates are the lowest for 50 years probably means the overall building rates are the lowest since the Great Depression. Any comparison of UK homebuilding rates of 50 years ago should take into account the fact that there was a heavy local government building program from the end of WW2 until at least the early 1960’s. That is not the case today.

So to say that private building rates are the lowest for 50 years probably means the overall building rates are the lowest since the Great Depression.

]]> By: Walther von Reinbach (spain) http://www.nakedcapitalism.com/2008/10/uk-homebuilding-at-50-year-low-banks.html#comment-19227 Walther von Reinbach (spain) Fri, 03 Oct 2008 17:41:00 +0000 http://www.nakedcapitalism.com/2008/10/uk-homebuilding-at-50-year-low-banks-clamp-down-on-lending/#comment-19227 Fortis rescue came too late<br/><br/>The Dutch government's intervention in the troubled insurance company was inevitable and should have come much earlier<br/>http://www.guardian.co.uk/commentisfree/2008/oct/03/netherlands.creditcrunch Fortis rescue came too late

The Dutch government’s intervention in the troubled insurance company was inevitable and should have come much earlier
http://www.guardian.co.uk/commentisfree/2008/oct/03/netherlands.creditcrunch

]]> By: doc holiday http://www.nakedcapitalism.com/2008/10/uk-homebuilding-at-50-year-low-banks.html#comment-19223 doc holiday Fri, 03 Oct 2008 16:29:00 +0000 http://www.nakedcapitalism.com/2008/10/uk-homebuilding-at-50-year-low-banks-clamp-down-on-lending/#comment-19223 I just don't care anymore about any of this, including blogs! Back to painting for me... I just don’t care anymore about any of this, including blogs! Back to painting for me…

]]> By: FairEconomist http://www.nakedcapitalism.com/2008/10/uk-homebuilding-at-50-year-low-banks.html#comment-19219 FairEconomist Fri, 03 Oct 2008 16:06:00 +0000 http://www.nakedcapitalism.com/2008/10/uk-homebuilding-at-50-year-low-banks-clamp-down-on-lending/#comment-19219 I believe UK house prices are higher than the US but less out of line with rents. So the comparative magnitude is unclear. A rapid drop is a good thing; once prices reach a reasonable level the market can then start the appropriate responses, whatever they are. I believe UK house prices are higher than the US but less out of line with rents. So the comparative magnitude is unclear. A rapid drop is a good thing; once prices reach a reasonable level the market can then start the appropriate responses, whatever they are.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/10/uk-homebuilding-at-50-year-low-banks.html#comment-19209 Anonymous Fri, 03 Oct 2008 14:14:00 +0000 http://www.nakedcapitalism.com/2008/10/uk-homebuilding-at-50-year-low-banks-clamp-down-on-lending/#comment-19209 UK has more debt per capita than US<br/><br/>UK banks run with much higher gearing UK has more debt per capita than US

UK banks run with much higher gearing

]]> By: Matt Dubuque http://www.nakedcapitalism.com/2008/10/uk-homebuilding-at-50-year-low-banks.html#comment-19206 Matt Dubuque Fri, 03 Oct 2008 13:44:00 +0000 http://www.nakedcapitalism.com/2008/10/uk-homebuilding-at-50-year-low-banks-clamp-down-on-lending/#comment-19206 If any major central bank will require complete recapitalization within the next two years (excluding Iceland and the Baltics) the most likely candidate to this writer would be the central bank of Great Britain.<br/><br/>This is still quite unlikely, but we are beginning to enter periods of, to use Fisher from the Dallas Fed's maritime descriptive framework, Beaufort 11 conditions.<br/><br/>Matt Dubuque<br/>mdubuque@yahoo.com If any major central bank will require complete recapitalization within the next two years (excluding Iceland and the Baltics) the most likely candidate to this writer would be the central bank of Great Britain.

This is still quite unlikely, but we are beginning to enter periods of, to use Fisher from the Dallas Fed’s maritime descriptive framework, Beaufort 11 conditions.

Matt Dubuque
mdubuque@yahoo.com

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