Best of the Week
Most Popular
1. Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO - Raymond_Matison
2.Uber’s Nightmare Has Just Started - Stephen_McBride
3.Stock Market Crash Black Swan Event Set Up Sept 12th? - Brad_Gudgeon
4.GDow Stock Market Trend Forecast Update - Nadeem_Walayat
5.Gold Significant Correction Has Started - Clive_Maund
6.British Pound GBP vs Brexit Chaos Timeline - Nadeem_Walayat
7.Cameco Crash, Uranium Sector Won’t Catch a break - Richard_Mills
8.Recession 2020 Forecast : The New Risks & New Profits Of A Grand Experiment - Dan_Amerman
9.Gold When Global Insanity Prevails - Michael Ballanger
10.UK General Election Forecast 2019 - Betting Market Odds - Nadeem_Walayat
Last 7 days
Investing lessons from the 1987 Stock Market Crash From Who Beat it - 20th Oct 19
Trade Wars: Facts And Fallacies - 20th Oct 19
The Gold Stocks Correction and What Lays Ahead - 19th Oct 19
Gold during Global Monetary Ease - 19th Oct 19
US Treasury Bonds Pause Near Resistance Before The Next Rally - 18th Oct 19
The Biggest Housing Boom in US History Has Just Begun - 18th Oct 19
British Pound Brexit Chaos GBP Trend Forecast - 18th Oct 19
Stocks Don’t Care About Trump Impeachment - 17th Oct 19
Currencies Show A Shift to Safety And Maturity – What Does It Mean? - 17th Oct 19
Stock Market Future Projected Cycles - 17th Oct 19
Weekly SPX & Gold Price Cycle Report - 17th Oct 19
What Makes United Markets Capital Different From Other Online Brokers? - 17th Oct 19
Stock Market Dow Long-term Trend Analysis - 16th Oct 19
This Is Not a Money Printing Press - 16th Oct 19
Online Casino Operator LeoVegas is Optimistic about the Future - 16th Oct 19
Stock Market Dow Elliott Wave Analysis Forecast - Video - 16th Oct 19
$100 Silver Has Come And Gone - 16th Oct 19
Stock Market Roll Over Risk to New highs in S&P 500 - 16th Oct 19
10 Best Trading Schools and Courses for Students - 16th Oct 19
Dow Stock Market Short-term Trend Analysis - 15th Oct 19
The Many Aligning Signals in Gold - 15th Oct 19
Market Action Suggests Downside in Precious Metals - 15th Oct 19
US Major Stock Market Indexes Retest Critical Price Channel Resistance - 15th Oct 19
“Baghad Jerome” Powell Denies the Fed Is Using Financial Crisis Tools - 15th Oct 19
British Pound GBP Trend Analysis - 14th Oct 19
A Guide to Financing Your Next Car - 14th Oct 19
America's Ruling Class - Underestimating Them & Overestimating Us - 14th Oct 19
Stock Market Range Bound - 14th Oct 19
Gold, Silver Bonds - Inflation in the Offing? - 14th Oct 19
East-West Trade War: Never Take a Knife to a Gunfight - 14th Oct 19
Consider Precious Metals for Insurance First, Profit Second... - 14th Oct 19
Stock Market Dow Elliott Wave Analysis Forecast - 13th Oct 19
The Most Successful IPOs Have This One Thing in Common - 13th Oct 19
Precious Metals & Stock Market VIX Are Set To Launch Dramatically Higher - 13th Oct 19
Discovery Sport EGR Valve Gasket Problems - Land Rover Dealer Fix - 13th Oct 19
Stock Market US Presidential Cycle - Video - 12th Oct 19
Social Security Is Screwing Millennials - 12th Oct 19
Gold Gifts Traders With Another Rotation Below $1500 - 12th Oct 19
US Dollar Index Trend Analysis - 11th Oct 19
China Golden Week Sales Exceed Expectations - 11th Oct 19
Stock Market Short-term Consolidation Does Not change Secular Bullish Trend - 11th Oct 19
The Allure of Upswings in Silver Mining Stocks - 11th Oct 19
US Housing Market 2018-2019 and 2006-2007: Similarities & Differences - 11th Oct 19
Now Is the Time to Load Up on 5G Stocks - 11th Oct 19
Why the Law Can’t Protect Your Money - 11th Oct 19
Will Miami be the First U.S. Real Estate Bubble to Burst? - 11th Oct 19
How Online Casinos Maximise Profits - 11th Oct 19
3 Tips for Picking Junior Gold Stocks - 10th Oct 19
How Does Inflation Affect Exchange Rates? - 10th Oct 19
This Is the Best Time to Load Up on These 3 Value Stocks - 10th Oct 19
What Makes this Gold Market Rally Different From All Others - 10th Oct 19
Stock Market US Presidential Cycle - 9th Oct 19

Market Oracle FREE Newsletter

Stock Market Trend Forecast Oct - Dec 2019 by Nadeem Walayat

Grenfell Tower Cladding Fire Disaster, 4,000 Ticking Time Bombs, Sheffield Council Flats Panic!

Politics / Health and Safety Jun 16, 2017 - 07:11 AM GMT

By: Nadeem_Walayat

Politics

The residents Grenfell Tower have paid the heavy price for the cladding refurbishment craze that has been sweeping Britain for the past decade. One of 30 to 50 year old social housing tower blocks, many of which that should have been demolished but instead are being dolled up with cladding and insulation to reduce energy costs to make them externally more appealing to both residents, visitors and most importantly nearby affluent areas as was the case with Grenfell Tower, a pocket of social housing in Kensington, probably the most affluent area of Britain. An area where millionaires can be found living within 100 metres of taxi drivers, refugees and the other low paid workers necessary for the functioning of London. The rich just could not stand the view form their mansions as they looked out upon modernist concrete tower blocks, so they rich got their way as most of the nations concrete tower blocks have been all cladded up.


As already mentioned cladding is the number one suspect for the disaster, which even amateurs can realise given what we saw unfold, given the speed and ferocity of the fire that engulfed the tower block as cheap low cost combustible material that is widespread in Britain's social housing sector funneled the flames up the building like a chimney, then any open windows on a warm summers night soon spread the fire inwards whilst the fire continued to rage outside on all four sides of the tower block within 30 minutes! Claiming dozens of lives, where the final death toll is likely exceed 100! And what's more the cladding used on Grenfell Tower is BANNED in the US!

Britain has over 4,000 similar tower blocks across the land which has triggered city councils to panic and start checking the materials used to refurbish and clad their own cities tower blocks. Where this article's focus will be on the 100+ tower blocks across the city of Sheffield that has the city council scrambling to reassure residents.

.

Whilst newer tower blocks constructed over the past decade should be safe, though may not be given that an earlier tower block fire at Lakanal House in 2009 never resulted in any change in building regulations.

One thing the people of Sheffield will have witnessed over the past decade is that the old decaying concrete jungle social housing tower blocks have undergone at least external refurbishments, prettying up the dull concrete blocks with colourful external insulated exteriors. Of course being social housing, cheap combustible material has likely been used as is allowed for by clearly not fit for purpose building regulations, which has now put many thousands of Sheffield residents in peril should something similar Grenfell tower repeat.

Residents of Grenfell Tower warnings of dangers of fire and specifically the risks of a catastrophic event went unheeded by the local council, the same is likely to have happened in tower blocks up and down the land including Sheffield leaving behind thousands of ticking time bombs!

So cladding not only hides the true state of the buildings beneath, but acts as an fire accelerant.

Sheffield like most major UK cities went on a tower block flats building binge during the 1960s to mid 1980's, creating the concrete jungle that recently many social housing landlords have been attempting to mask with cladding.

So Sheffield tower blocks like elsewhere are lined up like dominos, all cladded up ready to tumble as just like Grenfell Towers the council tends to ignore the concerns of residents.

From the University of Sheffield's Art Tower -

to student flats -

to social housing -

All cladded up, many if not most with combustible material translates into a nightmare for Sheffield's flats residents! As incompetent city councils scramble to undo the consequences of that which they have ignored for a decade! And where Sheffield is concerned, the city council is proposing to install sprinkler systems in all of it's high rise blocks of flats as part of a FIVE YEAR programme! Whilst the ticking time bombs continue to tick.

Ensure you are subscribed to my always free newsletter for my forthcoming in-depth analysis that Deconstructs the UK General Election 2017 result in lessons learned for forecasting future elections. And to my youtube channel for video analysis and forecasts.

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2017 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules