Debate House Prices
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It's not dead, it's just resting....
WTF?_2
Posts: 4,592 Forumite
http://www.guardian.co.uk/business/2008/jun/09/economicgrowth.economy
Today the situation is somewhat different, with the voters - in the immortal words of Monty Python - registering a complaint and ministers seeking to reassure, loudly but unconvincingly, that the parrot is not quite dead but is just resting.
There is much talk from Alistair Darling about how the economy is better placed than those of other countries to withstand the global downturn ("the Norwegian Blue prefers kipping on its back"), and that there are parts of Britain - away from the financial sector and the housing market - that are still doing well (Remarkable bird, the Norwegian Blue, beautiful plumage).
As far as the voters are concerned, the plumage don't enter into it. They seem utterly unmoved by the idea that Britain is, by all accounts, envied as a bastion of creativity when their homes are dropping in value and their real incomes are being squeezed. Rather like the angry customer in the pet shop, they have taken a closer look at the parrot and decided that the only reason it stood on the perch for so long was that the government nailed it there with both public and private debt.
:rotfl:
Looks like the government are now a target for open scorn and mockery. They've really lost it....
Today the situation is somewhat different, with the voters - in the immortal words of Monty Python - registering a complaint and ministers seeking to reassure, loudly but unconvincingly, that the parrot is not quite dead but is just resting.
There is much talk from Alistair Darling about how the economy is better placed than those of other countries to withstand the global downturn ("the Norwegian Blue prefers kipping on its back"), and that there are parts of Britain - away from the financial sector and the housing market - that are still doing well (Remarkable bird, the Norwegian Blue, beautiful plumage).
As far as the voters are concerned, the plumage don't enter into it. They seem utterly unmoved by the idea that Britain is, by all accounts, envied as a bastion of creativity when their homes are dropping in value and their real incomes are being squeezed. Rather like the angry customer in the pet shop, they have taken a closer look at the parrot and decided that the only reason it stood on the perch for so long was that the government nailed it there with both public and private debt.
:rotfl:
Looks like the government are now a target for open scorn and mockery. They've really lost it....
--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
0
Comments
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Remember the end of the sketch though? It went something like:
'I've had a look out the back and we're clean out of Norwegian Blues.'
'Well, what else have you got?'
'I've got a slug.'
'Can it talk?'
'Er...yeah.'
'I'll have that then..'
Somehow I don't think the British public will be so keen to buy into delusion in the immediate future, no matter what guize it comes in.0 -
Dear Alistair Darling,
"Look matey, this housing market wouldn't voom if you put four thousand volts through it!"
Yours sincerely,
Eric, John, Michael, Graham, Terry and Terry0
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