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Rate hikes have been going too far and too fast to be explained by the likely trajectory of inflation in the medium-term. #BaileysBust #GoingDirectParadigm #surveillencecapitalism #Aadhaar

   Published Date: March 27, 2023  4 Comments on Rate hikes have been going too far and too fast to be explained by the likely trajectory of inflation in the medium-term. #BaileysBust #GoingDirectParadigm #surveillencecapitalism #Aadhaar

The Charts show in my opinion that the Bank of England could quite prudently have let rates stay at 1.75% in August 2022, the justification for the overreaction was to the Kamikwasi budget in September 2022. Even giving the Kamakwasi benefit of the doubt it is all to clear that the rise to 3% in November 2021 would have been more than sufficient. The rate rises are forcing some sort of unannounced agenda, we will all have our own opinions as to what those policy items may be, there is little doubt that the Rate hikes have been going too far and too fast to be explained by the likely trajectory of inflation in the medium-term.

England And Wales Residential Market, Provisional Figures for February and year to date 2023. ( Worse Quarter since 2009 Post GFC 1) Baileys Bust!

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source: tradingeconomics.com

The Charts show in my opinion that the Bank of England could quite prudently have let rates stay at 1.75% in August 2022, the overreaction was to the Kamikwasi budget in September 2022. It is also clear that the rise to 3% in November 2021 would have been more than sufficient. The rate rises are forcing some sort of unannounced agenda, we will all have our own opinions as to what those policy items may be, there is little doubt that the Rates have been going too far and too fast to be explained by the likely trajectory of inflation in the Medium-term.

In the Uberisation of everything #GoingDirectParadigm and the march to Full Spectrum Monopoly State #SurveillenceCapitalism SME’s, and any Non Systemically important, difficult to control Independent etc,…( you get the idea ed.) organisations commercial or personal , must be destroyed. I do not wish to be overly melo dramatic about it but the process is pretty hard not to see in all its grubiness at this stage.

When all the carpet bagging and small scale increasing democratisation of share holdings through privatisations and council house sales of the 1980’s and 1990’s were taking place the consolidation was less easy to see. The net effect of a transfer of tangible wealth and its control into fewer and fewer hands proceeded at break neck speed through the Event 201 ( “Pandemic”) response and it would seem that enableing the sort of Dash for Cash looting, which Bailey oversaw in one or two of his previous incarnations, in the late 2000’s and early teens, is now being doubled down on. This is evidenced  with this latest rude rush to Hiking much further and faster than a prudent lender of last resort would dream of.

From Homes for Heroes to Exponential Zeroes. Neglected actors in the “Housing Crisis” Narrative#AbsorptionRate, #LastTimeBuyers,#Cash Buyers, #FiscalPolicy ( #MIRAS and #StampDuty ) and #MortgageLending by the #BankingSector. #Demography of #Immigration and#Ageing.

The Long Story short
Where and what is the real reason for the current policy stance by Central Banks worldwide and why would it seem that the destruction,(Transfer into the hands of the Billionaire class) of household wealth on a scale in excess of that in the GFC 1, is a price which Bailey and Powell are lining us all up to pay.
Is it that we should all be happy with owning nothing as the now infamous World Economic Forum “Misquote” would have it?
The Uberisation of everything following the Peak Everything bubble burst seems to be what we are in the midst of. 
This Paradigm Shift.
This is a paradigm shift beyond post-Fordism and beyond Post almost anything imaginable from any of the Civics lessons I attended whilst going through, Primary, Secondary, Graduate, and post Graduate Professional Education. 
The increase in Rates as they affect the residential property market is one small aspect of this Faster and Further push, reaching into the fundamentals of the Democracy and Free world into which I took and take an active part in. It’s not a new change to an obscure part of the rule book. What is emerging is that There really has been a different set of rules For some all along.
Well not so fast! fool me once shame on you, fool me twice shame on me. #Stop the Steal

 

 

 

TUESDAY 28TH FEBRUARY ROG AND RANJAN DISCUSS #GFC2 #WATCHINGTHEWHEELSCOMEOFF #WHOSTOLETHESIZZLE

The U.S. Treasury Is Testing a Devastating New Weapon: A Super ‘Bazooka’ #GoingDirect #BlackRock #Monopoly the only game in town.

On May 15 2020, the central bank of Sweden, the Riksbank, announced that it would be using BlackRock to conduct “an analysis of the Swedish corporate bonds market. From poster child to worst performing EU economy

Insider Dealing, Monbiots shorting the residential property market. “Alt-Right, Wrong Think” @GeorgeMonbiot @rustyrockets

UK Housing Debt. Market Update q4 2022. “higher-for-longer = Housing Weak.” All eyes on Thursday March 23 2023. Over the Brink to Baileys Bust!

England And Wales Residential Market, Provisional Figures for February and year to date 2023. ( Worse Quarter since 2009 Post GFC 1) Baileys Bust!

#GoingDirect to GFC Mk2 Reservations per outlet, Sales Incentives , Mortgage Commitments. Mexican Standoff between Sellers and Buyers ( Sticky Prices on the way down.)

 

 

Work in progress Link to above Spreadsheet, sources linked in spread sheet.

The ONS figures for transaction volumes estimated for the last quarter of 2022 were way off beam ( That link is updated to Feb 2023 well into January the figures were still catching up with reality), the actual data will see substantial revisions to those estimates in both November ( See combined 1 doc attached) and December ( See combined Doc 64 attached)

https://www.plumplot.co.uk/house-prices-by-region.html

House prices comparison and historical trends by region, December 2022.

House prices comparison and historical trends by region, January 2023.

Headline statistics Updated 21 March 2023

Headline statistics from the latest transactions data include:

  • the provisional non-seasonally adjusted estimate of the number of UK residential transactions in February 2023 is 76,920, 18% lower than February 2022 and 2% higher than January 2023
  • the provisional seasonally adjusted estimate of the number of UK residential transactions in February 2023 is 90,340, 18% lower than February 2022 and 4% lower than January 2023
  • the provisional non-seasonally adjusted estimate of the number of UK non-residential transactions in February 2023 is 8,710, 7% lower than February 2022 and 8% higher than January 2023
  • the provisional seasonally adjusted estimate of the number of UK non-residential transactions in February 2023 is 9,870, 7% lower than February 2022 and 5% higher than January 2023

 

From Homes for Heroes to Exponential Zeroes. Neglected actors in the “Housing Crisis” Narrative#AbsorptionRate, #LastTimeBuyers,#Cash Buyers, #FiscalPolicy ( #MIRAS and #StampDuty ) and #MortgageLending by the #BankingSector. #Demography of #Immigration and#Ageing.

June 2017  Missing Movers

A report for the Council of Mortgage Lenders. A Long-Term Decline in Housing Transactions?

Missing Movers 

These figures is a continuation of the Time series but relate to England and Wales and Not the whole UK The trend is still downwards though, that is to say,  A Long-Term Decline in Housing Transactions, continues!

Cash Buyers.

Cash Buyers make up around 30% of all transactions 28.99% in England and Wales for 2021,

Event 201 with Hind sight, Was it a Monetary event.Have we gone direct #CBDC #Carbon CurrencyEndGame

MELISSA CUIMMEI – THE IRISH INQUIRY, EXPLAINS THE (“WHY?”) OF EVENT 201

 

Author: rogerglewis

Real Estate Entrepreneur. http://www.realrld.com/

4 thoughts on “Rate hikes have been going too far and too fast to be explained by the likely trajectory of inflation in the medium-term. #BaileysBust #GoingDirectParadigm #surveillencecapitalism #Aadhaar”

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