Could not have said it better myself. The fact that interest rates are not going up is proof that nobody believes this is a recovery.
A lot of people are going to get hurt in this one. Thank god the alternative financial system is being built as the traditional one is being pumped ready for the big dump. Stamp duty collection at a high while income tax collection at a low implies no jobs and all asset price inflation. Where is the sustainability in that?
Cameron is even tweeting about it loud and proud. What is the difference between David Cameron pushing people into property through Help to Buy and what happened with stocks on the Wolf of Wall Street? Who votes that regulators should investigate the government for market abuse?
Great news that nearly 40,000 people are on the housing ladder – and getting on in life – thanks to Help to Buy. http://t.co/W3sBVKS1eT
— David Cameron (@David_Cameron) August 1, 2014
— Simon Dixon (@SimonDixonTwitt) August 2, 2014
The conversation got pretty interesting on my Facebook Wall.