Dow Jones down 4.6% - Worst fall since 2008

triathlon

StevieJ wrote: »

Similar to the GLOBAL Financial Crisis in 2008 being all the fault of the Labour party :-)

But it was there fault due to over spending and huge debts that we were not prepared for it

Thrugelmir

tracey3596 wrote: »

Were they really?
You'll be able to show us where then, won't you?

BTW you did know that the FTSE100 remains higher than pre-referendum and the FTSE250 is still higher than it started the year, don't you?

Do you know that the DOW Jones index has risen 34% in the time Trump has been in office?

westernpromise

triathlon wrote: »

But it was there fault due to over spending and huge debts that we were not prepared for it

And dismantling an effective regulatory structure to replace it with an incompetent one that others copied after seeing the advantage it gave to London.

Labour caused subprime in the US.

Graham_Devon

Well the DOW is now up 2.3% - so seems that was a bit of short lived excitement!

Now we just have a lot of people in America stating "yer, we knew this all the time, it's just part of the market and the selling yesterday was widely predicted".

Seems everyone is right after the event.

Thrugelmir

Graham_Devon wrote: »

Well the DOW is now up 2.3% - so seems that was a bit of short lived excitement!

Markets move continually. The story will emerge only with hindsight. Depends what holdings you have as to the true impact.

Moby

westernpromise wrote: »

And dismantling an effective regulatory structure to replace it with an incompetent one that others copied after seeing the advantage it gave to London.

Labour caused subprime in the US.

https://www.theguardian.com/commentisfree/2015/may/18/labour-economic-crisis-tories

https://tompride.wordpress.com/2012/06/29/lest-we-forget-in-2007-cameron-endorsed-even-less-regulation-of-banks-than-labour/
Quotes from the report Cameron commissioned:-

The (Labour) government claims that this regulation is all necessary. They seem to believe that without it banks could steal our money

We need to make it more difficult for ministers to regulate, and we need to give the critics of regulation more opportunity to make their case against specific new proposals.

We recommend deregulating venture capital fund raising, and investment for professional investors.

A Conservative government should relax banking regulation, allowing a new breed of venture/micro-credit institutions

Competition is the customers main ally. It is competition which keeps the bank honest.

We see no need to continue to regulate the provision of mortgage finance, as it is the lending institutions rather than the client taking the risk.

Our aim is to liberate the economy from the burden of unnecessary regulations.

Before imposing traditional regulation, government should always consider whether the ends could be achieved by less burdensome means, such as through competition, incentive schemes, or self-regulation.

The facts are that all western Govmts were deregulating in the 1990's but dont let the truth get in the way of prejudice........ and whose hands were all over that report.....yep the Brexiteer loons now guiding us to our wonderful future of world domination freed from the shackles of the EU.

westernpromise

And Cameron was absolutely right. Regulation that completely failed to prevent or forestall the crash was very clearly unnecessary regulation, since it did nothing useful. What was required was better regulation - which we had and which Labour dismantled.

Bur don't let your hatred of people you envy and who were exactly right about you and your utterly corrupt wrecker chums get in the way of defending these vermin.

_CC_

Prof_Green wrote: »

What goes up must come down

Not really.

Prof_Green wrote: »

thing is the FT100 did not go up much up much, it is not far off where it was 18 years ago, and that is before inflation. :rotfl:

.. and forgetting the dividends that have been paid in that time period.

It's definitely been a poor performer, though.

Arklight

tracey3596 wrote: »

Were they really?
You'll be able to show us where then, won't you?

BTW you did know that the FTSE100 remains higher than pre-referendum and the FTSE250 is still higher than it started the year, don't you?

Don’t give a monkeys Tracey. It’s utterly irrelevant to most people’s lives until they’re told a financial institution owned and staffed by Tory donors has lost all its money and has to be bailed out by the taxpayer.

Moby

westernpromise wrote: »

And Cameron was absolutely right. Regulation that completely failed to prevent or forestall the crash was very clearly unnecessary regulation, since it did nothing useful. What was required was better regulation - which we had and which Labour dismantled.

Bur don't let your hatred of people you envy and who were exactly right about you and your utterly corrupt wrecker chums get in the way of defending these vermin.

Look at the tory report it was recommending de-regulation.....de-regulation is not the same as better regulation. De-regulation means taking regulation away. Look above at the quotes from the report Cameron commissioned. To blame Labour is just looney tunes stuff and your terminology is rather sociopathic.