Debate House Prices
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Moneyweek: Why this housing crash is already worse than the 90s
Comments
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I reckon that a few of the banks are going to make an absolute killing out of all of this. DBS perhaps?
Or RBS even.. no i think HSBC, and the asset strippers who bought B & B.. all the rest of the UK banks are in the !!!!!!.
It's intresting that the goverment are clinging onto the (relatively) low unemployment numbers.
They know as well as we do that lay-offs are increaseing in property and retail, and it won't belong before they start to hit the wider ecomomy.
as
1) Unemployment lags,
2) The US employment figures are looking woeful.
3) Sales figures in the retailers indicate that spending is way down, as people batten down the hatches.
Obviously the commentators as above, will go on about mendacity (good word, i agree) and the need to talk up the state of the economy...
but the realpolitic analysis is that they have pretty much decided that they have lost the next election. They have decided that the downturn will carry on well into the next decade, and the longer they are in denial about unemployment the more they will be able to blame the next tory gov.
I wouldn't be surprised if they ditch brown, and the next leader (milliband?) calls a general election sooner than expected. On the back of a supurious 'will o the people' vibe.
Should be a fun 7 years. :eek:0 -
Or RBS even.. no i think HSBC, and the asset strippers who bought B & B.. all the rest of the UK banks are in the !!!!!!.
It's intresting that the goverment are clinging onto the (relatively) low unemployment numbers.
They know as well as we do that lay-offs are increaseing in property and retail, and it won't belong before they start to hit the wider ecomomy.
as
1) Unemployment lags,
2) The US employment figures are looking woeful.
3) Sales figures in the retailers indicate that spending is way down, as people batten down the hatches.
Obviously the commentators as above, will go on about mendacity (good word, i agree) and the need to talk up the state of the economy...
but the realpolitic analysis is that they have pretty much decided that they have lost the next election. They have decided that the downturn will carry on well into the next decade, and the longer they are in denial about unemployment the more they will be able to blame the next tory gov.
I wouldn't be surprised if they ditch brown, and the next leader (milliband?) calls a general election sooner than expected. On the back of a supurious 'will o the people' vibe.
Should be a fun 7 years. :eek:
I meant DBS not RBS - it's short for Development Bank of Singapore!
It'd be pretty ballsy getting rid of 2 Prime Ministers in one electoral cycle. I can't think of that happening ever. C18th perhaps?0 -
It'd be pretty ballsy getting rid of 2 Prime Ministers in one electoral cycle. I can't think of that happening ever. C18th perhaps?
The last time was 1935-1945. Churchill replaced Chamberlain in 1940, who had previously replaced Baldwin in 1937.Politics is not the art of the possible. It consists of choosing between the disastrous and the unpalatable. J. K. Galbraith0 -
Sir_Humphrey wrote: »The last time was 1935-1945. Churchill replaced Chamberlain in 1940, who had previously replaced Baldwin in 1937.
Interesting although clearly exceptional times.0 -
Mendicant is the archaic word for begger.
it literally means, one who relies on the means of others to survive.
so a bit like a Bank at the moment then.
It was used a lot in relation to order of friars, such as the Franciscans, as well....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
I meant DBS not RBS - it's short for Development Bank of Singapore!
It'd be pretty ballsy getting rid of 2 Prime Ministers in one electoral cycle. I can't think of that happening ever. C18th perhaps?
Thanks for the insight... u might be right, about dbs!!
The signs are there, that Browns days are numbered... Did you see the C4/ rawnsley programme.. the cabinet are lining up to write Browns political obiturary. Radio 4 said Camaron, when they meant Brown on a piece about the eu treaty...
Whatever happens in the 42 day vote tonight Brown will come out of it badly..
Expect him to be gone/ announced his departure by conference season. And as i say... i recon they go to the country rather than impose a new PM.0 -
Whatever happens in the 42 day vote tonight Brown will come out of it badly..
Expect him to be gone/ announced his departure by conference season. And as i say... i recon they go to the country rather than impose a new PM.
Interesting question. My gut instinct is that he will limp on to the next election. The Tories are historically much more ruthless at removing duff leaders than Labour. But then again, the Blairites are practically Tories anyway, so who knows?
Politics is interesting again.Politics is not the art of the possible. It consists of choosing between the disastrous and the unpalatable. J. K. Galbraith0 -
Thanks for the insight... u might be right, about dbs!!
The signs are there, that Browns days are numbered... Did you see the C4/ rawnsley programme.. the cabinet are lining up to write Browns political obiturary. Radio 4 said Camaron, when they meant Brown on a piece about the eu treaty...
Whatever happens in the 42 day vote tonight Brown will come out of it badly..
Expect him to be gone/ announced his departure by conference season. And as i say... i recon they go to the country rather than impose a new PM.
I missed the program due to football watching commitments but it's pretty clear that Brown is screwed. Just look at the poll ratings and that's with the tendancy for people not to want to admit they vote Tory (which I think is still a thing).
I just hope it all goes paridae up on Labour's watch rather than the real pain starting after the next election.0 -
Frank Zappa lyrics? Can't remember the title or album but the line is "she was a mendicant albino" - a fantastic amount of information in 5 words.I've heard of the word mendicant but didn't make the link.
....A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0
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