Not Our Job to Prevent Recession (1): Bank of England
The Bank of England’s inflation mandate virtually guarantees recessions as higher interest rates repeatedly puncture house-price booms. What are higher
Continue readingCategory: Housing market
The Benefits of Being Ugly
I’ve just watched today’s Prime Minister’s Questions (PMQs) on iPlayer (warning: programme will probably not remain permanently available), because it’s
Continue readingHousing Horror
Over the last few decades, here in the UK, we’ve become very good at pointing to apparent failure. Often despite
Continue readingBoris the Builder
When our civilisation finally collapses, and becomes of interest only to historians, explanations will be sought. How did we throw
Continue readingThe Great Carry Trade
I was much taken by one of Larry Elliott’s pieces for the Guardian a couple of weeks back. Larry identified
Continue readingMad Mortgage Rules – and Miles Brignall
Jay Rayner’s review of the Eastside Inn in today’s Observer magazine includes an unforgettable comment about its owner, “chef Bjorn
Continue readingThe Great Crunch: It’ll happen again because we’ve gone soft on bankruptcy (Part 1)
The debate as to what to do to try to prevent a repeat of what I like to term the
Continue readingAre we all Kevins now?
A while ago I started what was intended to be a series of posts detailing the causes of what I’m
Continue readingThe Age of Stupid Planning Processes
Back in 1998, McKinsey published a famous report: Driving Productivity and Growth in the UK economy (pdf, free registration required),
Continue readingTurning the UK housing market
The housing market has been a British obsession for far longer than it has in the US. A few years
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