We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The default delusion: Inevitable & desirable

1235

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    A long slow recovery. As painful as it may be.

    Time that prudence was rewarded.


    is this a randon stream of consciousness or have you had a glass or two of red?
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    Wookster wrote: »
    What planet are you on? Banks survived for many decades without the express government guarantees they benefit from now.
    Only the survivors survived. Dozens of others were taken over, and many of those weren't doing too well at the time.

    It's said that all political careers end in failure, and the same is true of banks. Every bank is an accident waiting to happen, and sooner or later it happens.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    CLAPTON wrote: »
    is this a randon stream of consciousness or have you had a glass or two of red?

    Unlike politicians I don't believe in Santa Claus. Just hard work.
  • A._Badger
    A._Badger Posts: 5,881 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Thrugelmir wrote: »
    Unlike politicians I don't believe in Santa Claus. Just hard work.

    Politicians don't believe in Santa Claus.

    They just try to make sure we do.
  • MacMickster
    MacMickster Posts: 3,646 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    A._Badger wrote: »
    Politicians don't believe in Santa Claus.

    They just try to make sure we do.
    And the budget before an election the chancellor tries to convince the electorate that he IS Santa Claus.
    "When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    Unlike politicians I don't believe in Santa Claus. Just hard work.


    ah, red wine then
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    CLAPTON wrote: »
    ah, red wine then

    Real ale (British) is my tipple.....
  • LauraW10
    LauraW10 Posts: 400 Forumite
    edited 15 June 2012 at 7:56AM
    Generali wrote: »
    Another great piece from Bedlam Asset Management:

    http://www.bedlamplc.com/hres/potw%2089.pdf

    What a load of tosh is what you should be saying.

    To quote Martin Wolf
    Before now, I had never really understood how the 1930s could happen. Now I do. All one needs are fragile economies, a rigid monetary regime, intense debate over what must be done, widespread belief that suffering is good, myopic politicians, an inability to co-operate and failure to stay ahead of events.
    If you keep doing what you've always done - you will keep getting what you've always got.
  • Wookster
    Wookster Posts: 3,795 Forumite
    LauraW10 wrote: »
    What a load of tosh is what you should be saying.

    To quote Martin Wolf

    Hi Laura, still drunk from last night?
  • ILW
    ILW Posts: 18,333 Forumite
    HAMISH_MCTAVISH wrote: »
    Prudence has been rewarded. It always is.

    What has not been rewarded is the excessively risk averse behavior of those who thought they were being prudent, but were just being mugged instead.

    Parasitical risk free above inflation returns were never going to be sustainable, as those "savers" who thought they were being prudent are only now realising. :cool:

    What would be a definition of prudence?
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.8K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture