You know your stuff. Bro.
Surround myself with good sources. I also watched the moneary policy members of the BoE give evidence and admit shit is tragic, inflated and fucked. Said that they know they have to raise interest rates but can't because asset prices will drop suddenly. MP's said "So what? they need to"
As usual our docile press ignored it.
I couldn't link to the geeky FT article. Sorry about the date.
You will enjoy this (download and laugh at your pleasure):
drive.google.com/file/d/0B24wHuyDETj3dzNzS1E5V1lfNkU/view
Ok, so Basel III from what little I know, will force the Banks to hold more Capital.
Because the batshit insane Finance policy by successive governments, even after 2008 recession, the housing Bubble was re-inflated by Messers Osborne, BoE and the Banks.
This was mainly in the form of Buy-To-Let mortgage lending. Problem here was how over leveraged the purchasers are.
So with all these loans on their books the Bank positions become precarious in the event of Inflation rises, House Market jitters or in this case implementation of Basel III.
>Markets Rigged.
Thank you. With Trump De-regulating and letting the Foxes be in charge of the Henhouse, A recession is likely after a sharp Boom.
Here the key rigged market of Housing, is about to lead to may Buy-To-Let investors who are amateurs, being hit by Section 24 Butto-Let interest Tax-relief bills.
This subsidy allowed fuckers to buy houses and claim the interest back upto 40% every fucking year. A first time buyer or Owner Occupier could never compete with that level of twattish rigging.
That prop removal was announced in 2015 summer, and will be implemented this April removed entirely by 2019/2020. Most Landlords still don;yt know properly. With many not able to withstand Voids and unable to increase rents to match the shortfall in tax with this rate removed, they will have to sell.
We must thank whichever young bod pushed him to adopt this macroeconomic policy.
