registerme
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Post by registerme on Jul 1, 2016 9:07:54 GMT
Apparently P2P was mentioned on the Today programme this morning around 0830. Did anybody catch it?
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j
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Post by j on Jul 1, 2016 9:17:20 GMT
I read that article earlier and thought 'well at least he has some foreign contacts' (yes they may be dubious) so if negotiations with the EU take some time he might be able to point the UK in another direction  Ideal man for the job. I sleep well now that the Middle East is at peace, good job Tony  Perhaps we need the dream team of Tony and Mandy. To borrow a quote from Dad's Army:''We're doomed, doomed!!''
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j
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Post by j on Jul 1, 2016 9:21:42 GMT
EDIT: Other comments by Carney “It now seems plausible that uncertainty could remain elevated for some time,” The man is very intuitive! I never thought I'd see the day in the UK were zero or even negative rates could be a distinct reality! 
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Liz
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Post by Liz on Jul 1, 2016 9:27:37 GMT
EDIT: Other comments by Carney “It now seems plausible that uncertainty could remain elevated for some time,” The man is very intuitive! I never thought I'd see the day in the UK were zero or even negative rates could be a distinct reality! I just wished the government would get on with the negotiations. The UK really isn't going to get massive concessions, if it wants access to the single market. This would get the support of moderate Leavers. If they want a deal that takes us out of the single market, then I think we need another referendum.
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markr
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Post by markr on Jul 1, 2016 9:49:43 GMT
Apparently P2P was mentioned on the Today programme this morning around 0830. Did anybody catch it? Yes, it was just in a short interview about the effects of a 0% interest rate, which will "force savers up the risk curve" into P2P or the stock market.
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j
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Penguins are very misunderstood!
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Post by j on Jul 1, 2016 9:51:22 GMT
The man is very intuitive! I never thought I'd see the day in the UK were zero or even negative rates could be a distinct reality! I just wished the government would get on with the negotiations. The UK really isn't going to get massive concessions, if it wants access to the single market. This would get the support of moderate Leavers. If they want a deal that takes us out of the single market, then I think we need another referendum. It's a very difficult situation atm with a lot of balls in the air, a leadership vacuum, and no one wants to take responsibility in case they get the blame for it all later- welcome to politics land!
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Liz
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Post by Liz on Jul 1, 2016 10:11:37 GMT
I make it about 97% cheaper than SS.
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borofan
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Post by borofan on Jul 1, 2016 10:18:08 GMT
So a UK with Brexit hanging over it for a couple of years at least and with interest rates to be cut means:
P2P investments will be even more attractive but even more risky.
Is that the gist of it?
Also, I imagine the more "safe" P2P companies like Zopa and Ratesetter may benefit?
But viable rate products may have lower rates, whilst something like RS 5 year fixed may be
seen as greater risk (who the hell knows what will happen in 5 years?) and increase in rate?
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archie
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Post by archie on Jul 1, 2016 10:30:53 GMT
So a UK with Brexit hanging over it for a couple of years at least and with interest rates to be cut means: P2P investments will be even more attractive but even more risky. Is that the gist of it? I would hope the various P2P platforms lower their upper LTV limits.
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pom
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Post by pom on Jul 1, 2016 11:23:07 GMT
There's just been a trailer on You & Yours (R4) that they're going to be talking about p2p later in the prog...sounds like whoever they've invited on isn't a fan (I didn't catch who it was), quote in the trailer was roughly "if I had 5k would I put it in p2p for the possibility of a couple of hundred extra interest, no I wouldn't"
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Post by oldnick on Jul 1, 2016 12:47:05 GMT
There's just been a trailer on You & Yours (R4) that they're going to be talking about p2p later in the prog...sounds like whoever they've invited on isn't a fan (I didn't catch who it was), quote in the trailer was roughly "if I had 5k would I put it in p2p for the possibility of a couple of hundred extra interest, no I wouldn't" Quite agree - far too much money chasing the few loans available - much better if they keep their money in the building society.
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Post by bracknellboy on Jul 1, 2016 15:15:41 GMT
.. If you really believe that long-term infrastructure spending (not tax cuts and handouts) in the UK can't generate a return on capital greater than 1-2%, then frankly we're pretty much doomed as an economy.
We might struggle to meet that exacting goal, bearing in mind that Bob from Admin that normally oversees all the PFI deals is not going to be available as he will have been parachuted in to handle all those newly required international trade deals.  (allusion to someone else's post of a few months ago) Ahh, but that would require something to change in the planning process....nope, not going to happen.
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duck
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Post by duck on Jul 1, 2016 17:27:17 GMT
...sounds like whoever they've invited on isn't a fan (I didn't catch who it was), quote in the trailer was roughly "if I had 5k would I put it in p2p for the possibility of a couple of hundred extra interest, no I wouldn't" It was Roger Gewolb of www.campaignforfairfinance.org/ strangely it didn't mention he is also in the business of lending www.fairfinance.org.uk/Really lightweight stuff but I was up a ladder and couldn't turn it off! Also mentioned the Adair Turner interview back in Feb p2pindependentforum.com/post/90895/thread
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pom
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Post by pom on Jul 1, 2016 17:35:36 GMT
...sounds like whoever they've invited on isn't a fan (I didn't catch who it was), quote in the trailer was roughly "if I had 5k would I put it in p2p for the possibility of a couple of hundred extra interest, no I wouldn't" It was Roger Gewolb of www.campaignforfairfinance.org/ strangely it didn't mention he is also in the business of lending www.fairfinance.org.uk/Really lightweight stuff but I was up a ladder and couldn't turn it off! Also mentioned the Adair Turner interview back in Feb p2pindependentforum.com/post/90895/threadYeah it was that lightweight I couldn't be bothered to update my post after it finally happened... 
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james
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Post by james on Jul 1, 2016 19:09:35 GMT
It seems Teresa May has got the joke; she's indicated that the insane ideological mantra of fiscal austerity might be put in the dustbin. Shame they didn't do that seven years ago. It's one thing to worry about the sustainability of the national debt when gilt yields are 5%-10%, but when 10-year yields at 0.8% and 30-year yields are 1.6%, you really need to think hard about whether fiscal austerity is a good idea. ... I mean we could even build some houses; ask a property developer whether he/she would like some 10-year fixed debt at 0.8%/ I think they'd react pretty positively since its about 23% cheaper than SS! Agreed, though sadly the press, not specifically about her, has been commenting about risk to HS2, Thames bypass sewer and even a nuclear power plant, all high spend long term infrastructure projects. In the property area one thing that comes to my mind is that students are competing with local residents for properties so one way to deal with that would be to provide cheap financing for student housing developments and local government planning obligation to approve unless plainly unsuitable. Even tougher issue in London, where cost and need are both high on the student and long term resident side. I haven't looked at the student not in student-specific housing (not HMO, dedicated properties) numbers but aiming to get say half a million new student spaces built in the next three years might be interesting, with a longer term target of matching total demand, less some room for variation in numbers due to the projected demographic need for the accommodation. Then toss in another half a million units of housing association property funding with perhaps a five year target. This sort of thing might go a good way to reducing housing-related unhappiness in the younger generation. Of course this would result in a large increase in Polish construction workers to deal with the labour need.
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(allusion to someone else's post of a few months ago)