Did anyone watch BBC's Newsnight last night?

tomstickland

http://www.order-order.com/2008/10/bbc-gets-ready-to-celebrate-obama.html

WTF?_2

geoffky wrote: »

the thing is people are believing it!!! my father in law came round yesterday and said that we had reached bottom and the only way was up.....i used language that made him go red and then asked him to bet me £5grand as i always do to the idiots and it always shuts them up...never had a taker yet...anyone willing to bet i will bet that house prices will be going down for the next year at least...or 4 or ten

It's really hard to believe that some people haven't got the message that things are going to get much, much worse before getting better.

Still, it's all the more reason to spread the word.

brit1234

!!!!!!? wrote: »

It's really hard to believe that some people haven't got the message that things are going to get much, much worse before getting better.

Still, it's all the more reason to spread the word.

However its good to see people are recognising 50% falls now, you even hear people talking about it in the streets.

What a difference a few months makes, people are finally catching up to house prices being well overvalued and rapidly correcting themselves.

tomstickland

That's because this forum is so far ahead of the curve, populated with super-intelligent beings who have analytical skills that only the top 0.03% of the population possess. Also an amazing wit and abilities with the language. Humble too.

Well, that's me described. What about the other also rans?

kennyboy66_2

!!!!!!? wrote: »

No, we're just commenting on the stupidity of Cooper and the two VI tools which was quite staggering and provided unintentionally hilarious entertainment.

I thought the presenter did a good job of ridiculing them, but he could have went for the jugular especially with clueless Cooper.

The Bootle interview was good stuff but not really remarkable in the way that the car-crash TV HPI cheerleading team was......

No, the first half dozen post mentioned spin, conspiracy theories, lack of balance, poor editorial decisions, propaganda & Hitler in relation to the BBC.
This included people who have not watched newsnight for 6 years but felt able to comment.

Anyone actually watching the programme would have seen Roger Bootle rationally explaining that there were big falls to come, followed by 2 hilarious buffoons who made Sarah Palin look like a economics nobel prize winner.

Watchers could rightly have thought "oh !!!!!!" if those 2 were the only people they could find to say that prices had hit the bottom.

When one of the dopes said that property price falls are the first sign of recovery, the presenter should have asked if bigger falls are a good sign then.

Funny ? yes, biased ?, I don't think so.

jon3001

For anyone who missed it:
http://www.bbc.co.uk/iplayer/episode/b00dzxzz/b00dzxzn/Newsnight_14102008/

brit1234

jon3001 wrote: »

For anyone who missed it:
http://www.bbc.co.uk/iplayer/episode/b00dzxzz/b00dzxzn/Newsnight_14102008/

Remove anything heavy out of arms reach before you watch, it will save you TV.

Prepare yourself for a Bruce Banner moment.

Generali

Cooper was incredible. She clearly doesn't understand what she is talking about when trying to discuss the banks. The trouble is, nor do the journalists doing the interviews.

I haven't had time to do the calculations but I'm almost certain that for HBOS and LLOY to be lending for mortgages at the same level as the first half of 2007 it would mean that they had the entire mortgage market now. Is that really what the Government wants to happen? It seems a strange policy goal (driving all private banks out of the mortgage market) and it would almost certainly be illegal under EU competition law.

kennyboy66_2

Perhaps they mean that the banks should market competitive products to maintain a similar share of the market that they had in 2007.
That would make some sort of sense in that there seems little point in bailing banks out only for them to stop lending anyway.

On the other hand its difficult to see how any government targets about commercial decisions are desirable at all.

tomstickland

They've just called estate agents "professionals". They are not.