Volker-This is not an Ordinary Recession

purch

Some fantastic recipes though like this:

Can you hijack someone else's thread with your damn recipes ?? :mad:

You're making me hungry.........

P.S. I went to a dinner once in Toronto where Paul Volker was a speaker....we had 'smoked elk' ......which was a novelty !!

Rochdale_Pioneers

Wookster wrote: »

Your propensity to twist arguments is astonishing! You have deliberately twisted several of my arguments. Why aren't you in Government? You'd do very well with the current Labour lot.

So what are you saying then? I said its Global and got flamed. I took this as you disagreeing with the statement "its global" - and got flamed.

So which is it? Do you think its global? Logically if you do then you agree with Gordon Brown on that very narrowly defined fact. Which is what I said, which you described as being his apprentice. If you actually agree with the statement, by your own logic that makes YOU also a Brown apprentice.

If on the other hand you disagree with the statement, then me pointing this out was correct, in which case your comments above are illogical.

I know, I know, being so uncouth as to bring rational logic to a rant. If you don't want to be exposed think before typing in future.

cogito

Brown loves to present the recession as a global event as it is a great fig leaf to cover up his own failures. It's about the only thing he's been right about in the last few years. Unfortunately, he still doesn't seem to have realised that his fig leaf is transparent and everyone can see that he's got no cojones.

JP45

I think even the most blindly optimistic of folk must have realised by now that this is no ordinary recession.

It is clearly far more serious than the recessions of the early 1980s and 1990s. It is also becoming abundantly clear that no nation is going to escape from this unscathed.

I find it virtually impossible trying to guess where we'll be in say five years time. There are those who believe we're heading for rampant inflation and then there are those convinced that we are in for a prolonged period of Japanese-style deflation. And the problem is that both camps seem to have perfectly valid arguments to support their case.

I really cannot recall a time when opinion amongst economists and financial commentators has been so divided. The only thing on which most of them seem to agree is the severity of the situation.

cogito

A bit like the old joke that if you laid 10000 economists end to end, they'd never reach a conclusion.

Reaper

I would be less sanguine about 2011 onwards

purch wrote: »

So might I be, but I've lost my dictionary :eek:

Sanguine - is that a Jamie Oliver recipe?

Wookster

Rochdale_Pioneers wrote: »

So which is it? Do you think its global? Logically if you do then you agree with Gordon Brown on that very narrowly defined fact. Which is what I said, which you described as being his apprentice.

The point you still fail to see is that Brown has single handedly placed Britain in the worst affected basket, along with Iceland and Ireland due to its "soft touch" regulation which allowed the house price bubble to blow out of control, the tripartite system of regulation that he was responsible for devising. Furthermore he presided over a significant increase of the national debt during the boom times, thus constraining the room for rescue now.

Now we are reading the a government owned bank is to "lead" the market with its provision of 90% mortgages.

The man is reckless and cannot be trusted. He might have the best intentions in the world but he will bankrupt Britain.

Rochdale_Pioneers wrote: »

If you actually agree with the statement, by your own logic that makes YOU also a Brown apprentice.

Again, this is a gross oversimplification of where I stand.

chewmylegoff

Wookster wrote: »

The point you still fail to see is that Brown has single handedly placed Britain in the worst affected basket

brown (and his regime) was merely the faciliator.

it takes two to tango, and the british people liked the tune.

brown cannot be "single handedly" responsible for something which required the active and willing participation of the majority of the population.

Wookster

chewmylegoff wrote: »

brown cannot be "single handedly" responsible for something which required the active and willing participation of the majority of the population.

There are a number of culpable parties in where we are now, from estate agents to credit rating agencies, banks and auditors.

However, Crash was the one with the power of veto. The FSA knew "crazy risks" were being undertaken and yet they did nothing. Its almost criminal negligence. And Chancellor was and now PM.

He is the one person that could have cooled things down, yet he did nothing.

Everyone else were willing participants.

chucky

Wookster wrote: »

He is the one person that could have cooled things down, yet he did nothing.

absolute nonsense.

I never realised that Brown was in charge of the Spanish economy
I also never realised that Brown was responsible for the problems in Ireland's economy.
I was also wondering about Germany's economic problems - I didn't know that he was to blame for that too.
I culd go on about 101 different countries and their economic problems - shall we blame brown for those too .

i dislike Brown but comments like that make no sense whatsoever - the problem is everywhere. the UK would have been impacted whoever was in charge.