Crazy Libertas is not so crazy any more.

Zerohedge: In Denmark You Are Now Paid To Take Out A Mortgage

just earlier today we, rhetorically, asked a logical - in as much as nothing is logical in the new normal - question: "Who will offer the first negative rate mortgage". Little did we know that just minutes after our tweet, we would learn that at least one place is already paying homeowners to take out a mortgage. That's right - the negative rate mortgage is now a reality. Thanks of Mario Draghi's generosity with "other generations' slavery", and following 3 consecutive rate cuts by the Danish Central Bank, a local bank - Nordea Credit - is now offering a mortgage with a negative interest rate!

Posted by libertas @ 09:11 PM 6 Comments

The real world economy

Dailt Telegraph: Commodity Prices collapse to lowest levels for 12 years

What does this tell us about the real world economy as opposed to the spin that is being fed by central banks and governments. And in another article by Reuters the other bellweather indicator of economic activity the Baltic Dry Sea index is at its lowest level of 29 years If you don't believe in the vested interests sanitised propaganda, we could be in for frightening times.

Posted by britishblue @ 10:40 AM 3 Comments

Nationwide says annual rate of price inflation fell in January for fifth month running

Guardian: UK house price growth continues to slow

""British Bankers Association showing that mortgage approvals for house purchases fell to a 20-month low in December dependent on banks responding to the rise in demand by increasing their lending volumes. If that part of the puzzle is missing, house prices are likely to struggle over the next year or so.” Nationwide said the average price of a UK home now stands at £188,446 – 2.4% above its pre-crisis level."" Is this slowdown in the rate of increase significant or just a pause for breath before another rampant year?

Posted by debtserf @ 08:41 AM 2 Comments

Are we on the verge of massive recession?

Dailymail: New recession remembered for 100 years

Bulls think we are off to the races bears think we are on the verge of a massive recession

Posted by taffee @ 08:26 AM 2 Comments

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