Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
|
Post by Liz on Jun 14, 2016 18:01:56 GMT
A fall in house prices may benefit us all in p2p property lending, in the long run. A small correction would be better than a full blown crash, 5 years down the line. Disclaimer: I was told by my economics lecturer, back in 2000 that property prices were due a crash, I ignored him and bought a property in 2001, and prices have shot up since, especially London. The point is everytime we think prices are overvalued, they go higher. Agreed. But mainly I'm jealous that you had an economics lecturer in 2000; I had one in 1980!  He clearly didn't read my dissertation, "An econometric & statistical analysis of the UK housing market"
|
|
|
|
Post by GSV3MIaC on Jun 14, 2016 18:11:46 GMT
what's the point in economists ?  It's that teensy-weensy thing on the top of the 'i', I believe. Alternatively, they exist to highlight how evolution can't be relied on in the short term?
|
|
SteveT
Member of DD Central
Posts: 6,875 
Likes: 7,924
|
Post by SteveT on Jun 15, 2016 8:51:24 GMT
Mod comment:
Much as we all love discussing the EU referendum morning, noon and night, can we please keep this thread focused on Saving Stream? There is an ongoing thread and poll in the Chat section that hopefully serves as the place for referendum-related discussion (provided it doesn't go off the rails of polite debate again).
|
|
adrianc
Member of DD Central
Posts: 10,014
Likes: 5,143
|
Post by adrianc on Jun 15, 2016 9:08:50 GMT
Mod comment:
Much as we all love discussing the EU referendum morning, noon and night, can we please keep this thread focused on Saving Stream? There is an ongoing thread and poll in the Chat section that hopefully serves as the place for referendum-related discussion (provided it doesn't go off the rails of polite debate again). I have to admit, I didn't really look which thread this was - perhaps move that whole sub-thread of discussion over there?
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Jun 15, 2016 9:15:14 GMT
We'd need a full time Mod team on hand at the moment if we were to try moving every EU-related post that's popping up around the forum. Only 1 week to go ....  In the meantime, whenever members are overcome with the urge to hinge discussion towards the referendum, please either: a) resist and try taking a cold shower instead or b) do so in the existing thread over on Chat |
|
star dust
Member of DD Central
Posts: 2,998
Likes: 3,531
|
Post by star dust on Jun 15, 2016 11:40:37 GMT
I've just moved a series of the more 'brexit' based posts into the 'brexit poll' thread in 'chat', but have tried to leave behind the more property based comments relevant to SS even where there were brexit overtones. Hope it all still makes sense, and everyone can find their posts  . |
|
t
Posts: 77
Likes: 7
|
Post by t on Jun 15, 2016 15:30:06 GMT
Do you ever invest/liquidate holding on hunch/gut feeling? One lot I got rid of was simply that, a gut feeling. It was a group of loans that just didn't quite feel right. Yes, and once I get that gut feeling it lingers until I do something about it. " trust your intuition; your brain can play tricks, your heart can be blinded, but your gut is always right"
|
|
t
Posts: 77
Likes: 7
|
Post by t on Jun 15, 2016 15:30:56 GMT
Do you ever invest/liquidate holding on hunch/gut feeling? One lot I got rid of was simply that, a gut feeling. It was a group of loans that just didn't quite feel right. Yes, and once I get that gut feeling it lingers until I do something about it. " trust your intuition; your brain can play tricks, your heart can be blinded, but your gut is always right"
|
|
shimself
Member of DD Central
Posts: 2,563
Likes: 1,171
|
Post by shimself on Jun 20, 2016 7:15:28 GMT
As somebody who worked in IT in the run-up to Y2K, there certainly would have been severe issues if the preparations hadn't been done well. A lot of money was spent, and - sure - a lot of people milked it. But there was a hell of a lot at stake. I guarantee my business would have been in chaos if we hadn't gone to full 4 digit years in advance of the change. I know I ran the dummy system and watched the garbage coming out. Poor old government, they made a huge fuss and everybody heard the warnings and responded, so now they get mocked for making a fuss about nothing. In the spirit of the times I would like to set down that I think many people in government and opposition and civil administration in the UK and even Brussels, work hard and in good conscience and with skill.
|
|
|
|
Post by chielamangus on Jun 20, 2016 7:56:53 GMT
what's the point in economists ? It's that teensy-weensy thing on the top of the 'i', I believe. Alternatively, they exist to highlight how evolution can't be relied on in the short term? As a one-time economics lecturer, and having worked as an economist in some capacity or other throughout my professional career (I had another life before that), I have to say I am not surprised at the almost universal disbelief in their utterances. Most have a very narrow set of beliefs, all internally logical, but ultimately neither comprehensive enough nor able to be quantified accurately enough to be of any practical use. I am always somewhat embarrassed to admit I'm an economist, not because I think what I do/did is/was without value, but because it associates me with a group of people with whom I usually disagree. Has anyone mentioned the joke about putting all the economists in the world end to end and never reaching a conclusion? That should give the lie to the PM's claim that "all the experts agree" ....
|
|
|
|
Post by GSV3MIaC on Jun 20, 2016 9:06:30 GMT
Dave will probably tell you that if they disagree then they obviously aren't experts!
Mind you, bookies have more to lose, and may be getting it equally wrong.
|
|
.
