imf.org/external/pubs/ft/weo … f/text.pdf
Some interesting snippets:
Commercial rents 32% above historical average (chart p.25).
Ireland and Japan the two countries at high risk of deflation in 2010 (> 0.5%) (p.31)
Predictions for 2010 (Ireland):
Such a shame that the IMF doesn’t know the definition of inflation and deflation.
And Judging on most pinsters they haven’t a clue either.
yoganmahew:
Do tell…
Simple really.
Yes, but what makes up the currency supply ?
BoyRacer:
into the system, i.e. you just print off loads of fancy toilet paper.
Yes, but what makes up the currency supply ?
Oh FFS, printing presses. Doh!
Is this a side conversation to the topic? I’m inclined to split it off
Oh I don’t know, ask the toilet paper printers. Ye Gods.
Oh please don’t, I’m being entertained in a way I haven’t been for ages.
Come on Mossy, tell us how you deflate a currency…
yoganmahew:
Oh please don’t, I’m being entertained in a way I haven’t been for ages.
Come on Mossy, tell us how you deflate a currency…
Oh my Gosh, I can’t believe you just posted that! Well, as the saying goes, there is a fool born every minute. You qualify for that.
You depreciate a currency by printing more of it. Zimbabwe anyone?
I bet you are drunk? Please tell me you are.
Coles2
October 4, 2009, 9:19pm
#11
IMF Report (Chapter 1, pg 26)
Conclusions
House prices continue to decline across a broad range of economies, although signs of stabilization have emerged recently where the correction has been ongoing for a number of years, such as the United States. But an analysis of past house price cycles suggests that for most economies, there could still be significant corrections to come given the stronger-than average upturn in house prices that preceded the present downturn . Moreover, the global recession has put pressure on commercial property markets, where increasing vacancy rates and decreasing rents drove down non residential construction investment. Leveraged commercial real estate investors are likely to face difficulties in refinancing the loans that are coming due, and soaring delinquencies therefore have the potential to create a second wave of financial distress in exposed financial institutions .
The ongoing effects on the real economy of house price corrections and increasing stress in commercial property markets are being amplified in economies where construction has been an important contributor to growth in recent years, where consumption was driven by house price appreciations, and where commercial real estate markets have been placed in a precarious position by the weakening of the real economy.
That’s us, isn’t it?
Hey Brian! Before you sign off on NAMA you should probably read this. Maybe we haven’t actually bottomed yet!
Mossy_Heneberry:
yoganmahew:
Oh please don’t, I’m being entertained in a way I haven’t been for ages.
Come on Mossy, tell us how you deflate a currency…
Oh my Gosh, I can’t believe you just posted that! Well, as the saying goes, there is a fool born every minute. You qualify for that.
You depreciate a currency by printing more of it. Zimbabwe anyone?
I bet you are drunk? Please tell me you are.
I thought that was inflation mossy… so inflation and deflation are the same thing? Now you have me confused…
yoganmahew:
Mossy_Heneberry:
yoganmahew:
Oh please don’t, I’m being entertained in a way I haven’t been for ages.
Come on Mossy, tell us how you deflate a currency…
Oh my Gosh, I can’t believe you just posted that! Well, as the saying goes, there is a fool born every minute. You qualify for that.
You depreciate a currency by printing more of it. Zimbabwe anyone?
I bet you are drunk? Please tell me you are.
Definately drunk… inflation is when you increase the amount of useless paper into the system, deflation is when you constrict it.
Do. You. Understand?
grumpy
October 4, 2009, 9:33pm
#14
Mossy_Heneberry:
yoganmahew:
Mossy_Heneberry:
Oh my Gosh, I can’t believe you just posted that! Well, as the saying goes, there is a fool born every minute. You qualify for that.
You depreciate a currency by printing more of it. Zimbabwe anyone?
I bet you are drunk? Please tell me you are.
I thought that was inflation mossy… so inflation and deflation are the same thing? Now you have me confused…
Definately drunk… inflation is when you increase the amount of useless paper into the system, deflation is when you constrict it.
Do. You. Understand?
Just. Read. The. Above. Again. Mossy.
Yogi …don’t mention the velocity of money ffs…oh shit I just have
Well Mossy, you’ve told us that you inflate a currency by printing more of it. So I asked:
Maybe you can see the word now?
Perhaps I am being unclear. If inflation and deflation are always to do with the amount of currency in circulation, and inflation is caused by ‘printing’, how does deflation happen?
yoganmahew:
Well Mossy, you’ve told us that you inflate a currency by printing more of it. So I asked:
a currency…
Maybe you can see the word now?
Perhaps I am being unclear. If inflation and deflation are always to do with the amount of currency in circulation, and inflation is caused by ‘printing’, how does deflation happen?
Oh you are so clueless…
Emmm, you should be posting on ask about money.
Wait now though, you could be winding me up???
what a laugh
grumpy
October 4, 2009, 9:49pm
#18
You seem to have your own definition Mossy. Have fun out there.
Mossy, I will remind you again and for the last time to play the ball and not the man.
So, to ask the question again in another way, how does deflation happen?
. Infaltion is when you increase the currency supply into the system, i.e. you just print off loads of fancy toilet paper. Deflation is when you constrict it.
