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Vince Cable - Bubble developing now could be more serious than before
Comments
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Thrugelmir wrote: »After Cleggs show with Farage the LibDems are in disarray. No coherent policies. This was an attempt to distract the media rather be anything serious about housing .
Spin doctors are so predictable...........
Its not like the Lib Dems are anymore credible than UKIP.
I remember Simon Hughes saying people should work 25-30 hour weeks in order to job share and so reduce unemployment.0 -
thescouselander wrote: »
it's clear the housing market has got way out of balance vs earnings. It's only a matter of time (and probably not much) until this damages the wider economy as an ever higher proportion of earnings will be going on housing leaving nothing for other categories of spending.
Our economy is dependant on vociferous consumption. As we can't and haven't paid our way in the world for decades that debt needs to be anchored to necessary assets.
When we brought our first house, good family semi in a good location, it was based on a single income as we wanted children at some point. The second wage was for luxuries. That was just over 26 years ago. Couldn't be done today in, our slowly, ever declining economy for the majority."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Its not like the Lib Dems are anymore credible than UKIP.
As I said in an earlier post. Farage in the broadest non political terms is expressing what people are currently thinking. Noticable that Cameron was on TV the day after taking the middle ground.
There's much that isn't being debated. Like in the US well funded lobby groups tend to direct political policy.0 -
What do you mean?
This is the chap who took advice on the value of the PO from people who 'promised' that they'd buy the shares and cherish them for life. Fast forward 2 weeks and 50% of the shares had been sold.
To the casual observer it might look as if he'd been done like a kipper.
The frother doesn't see it this way - when Vince says there's a bubble it's gospel.
All true enough, and Cable does appear to have been out of his depth in the job at times. For all that though, he is one of the few people in the political establishment who was highlighting the issues in the housing market in the run up to 2007, and he was proved right. When someone with that track record suggests that we're back in that danger zone , it would imho be foolish to simply dismiss it and dismiss anyone who suggests he might have a poit (again!) as being "a frother" (whatever that means).0 -
Thrugelmir wrote: »After Cleggs show with Farage the LibDems are in disarray. No coherent policies. This was an attempt to distract the media rather be anything serious about housing .
Spin doctors are so predictable...........
Chewbacca politics.
http://www.southparkstudios.com/clips/103454/the-chewbacca-defense
http://en.wikipedia.org/wiki/Chewbacca_defense
The term has also seen use in political commentary; Ellis Weiner wrote in The Huffington Post that Dinesh D'Souza was using the Chewbacca defense in criticism of then-new Speaker of the House Nancy Pelosi, defining it as when "someone asserts his claim by saying something so patently nonsensical that the listener's brain shuts down completely".0 -
grizzly1911 wrote: »Our economy is dependant on vociferous consumption. As we can't and haven't paid our way in the world for decades that debt needs to be anchored to necessary assets.
When we brought our first house, good family semi in a good location, it was based on a single income as we wanted children at some point. The second wage was for luxuries. That was just over 26 years ago. Couldn't be done today in, our slowly, ever declining economy for the majority.
the sole purpose of economic activity is to consume.
the fact that a price of a decent semi has increased so much, is a combination of liberating women to make their own choices, peoples wish to spend their money on housing rather than frivolous trash and of course the government rules that stop us building sufficient housing.
and most people in the UK have never been so rich with such excellent opportunities and health.0 -
the sole purpose of economic activity is to consume.
the fact that a price of a decent semi has increased so much, is a combination of liberating women to make their own choices, peoples wish to spend their money on housing rather than frivolous trash and of course the government rules that stop us building sufficient housing.
and most people in the UK have never been so rich with such excellent opportunities and health.
No reference to "debt" I note. Over countries saving has funded the UK's consumption. What the UK has failed to do is invest.0 -
the sole purpose of economic activity is to consume.
the fact that a price of a decent semi has increased so much, is a combination of liberating women to make their own choices, peoples wish to spend their money on housing rather than frivolous trash and of course the government rules that stop us building sufficient housing.
and most people in the UK have never been so rich with such excellent opportunities and health.
Not sure female liberation is quite the right word when they are nose to grindstone to make ends meet and provide the necessary items in life such as accommodation and childcare.
Read somewhere that the invention of the automatic washing machine and other similar white goods had a greater economic effect , releasing women into the workforce, than the www.
Some people are certainly making hay while the sun-shines whether that is most or just some is up to you.
As thrug points out there is one thing to consume when you have the where with all to do it, less so when it is achieved on spiraling debt."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Thrugelmir wrote: »No reference to "debt" I note. Over countries saving has funded the UK's consumption. What the UK has failed to do is invest.
What reference to debt do you require?
debt only need servicing rather than being repaid
every rational person will choose mortgage debt rather than rent0 -
grizzly1911 wrote: »Not sure female liberation is quite the right word when they are nose to grindstone to make ends meet and provide the necessary items in life such as accommodation and childcare.
Read somewhere that the invention of the automatic washing machine and other similar white goods had a greater economic effect , releasing women into the workforce, than the www.
Some people are certainly making hay while the sun-shines whether that is most or just some is up to you.
As thrug points out there is one thing to consume when you have the where with all to do it, less so when it is achieved on spiraling debt.
yet another depressing glass half empty load of nonsense.
do you truely believe women were happier and better off in the days before they had the freedom to choose?
you misunderstand the nature of women freedom to choose.0
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