BBC 3 Counties Radio 18.02.08 ref Northern Wreck

4 minutes of FP.

Would there happen to be a listen again link.

What's wrong with this one?

Thanks FP., boot right into Brown.

Ditto. I'd love to know more about the interaction between the nationalisation of NR and EU regulations.

Is there anything to prevent Brown using NR to offer even more lax credit to people in order to try and avoid an economic "slowdown"/collapse?

Thanks for the link FP, what lights do you see in that tunnel, is it all going to be business as usual soon?

The FEd has slashed IRs, the US govt is pumping the economy, the $ is weakening LT (though I sense a stregthening ST), thus banks will go back to what they do i.e. borrow short and lend long. Thus they will have money to lend in due course. Thus the stock market will rise.

Hi FP,thanks for that but does that mean that you no longer think HP's will drop 30%. Do you think banks will continue to recklessly lend? Kind regards

Bump for the above

Banks - read US. So, no. Of course they will. Anyway it's 35%.

Now I'm confused! So IRs will drop and banks will continue to lend recklessly...

...how are HPs going to fall 35% again?!