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Great stuff, FP!
B B C Breakfast With Declan Curry
Tues 1 July 7.50am
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#121
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Posted 01 July 2008 - 03:07 PM
Remarkably restrained performance by FP - looked very professional, and didn't open up himself to the calls of "doom-mongering" at all - just said it how it was, and let the facts do the talking.
Great stuff, FP!
Great stuff, FP!
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#122
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Posted 01 July 2008 - 03:09 PM
Financial Planner, on Jun 30 2008, 01:10 PM, said:
Nationwide stats (I know them but embargoed...) and comment from moi
Yawn, can't wait for someone to ask you on telly when you sold your house.
Still waiting for the Dow to hit 15,000 fancy updating us on that prediction?
Just another VI who couldn't predict his way out of a paperbag.
"There is no effective way to meaningfully reduce emissions without negatively impacting a large part of the economy"
Alan Greenspan 2007 Former Chairman of the Federal Reserve
"The gross national product includes air pollution and advertising for cigarettes and ambulances to clear our highways of carnage. It counts special locks for our doors and jails for the people who break them. GNP includes the destruction of the redwoods and the death of Lake Superior. It grows with the production of napalm, and missiles and nuclear warheads... It measures everything, in short, except that which makes life worthwhile"
Senator Robert Kennedy
Alan Greenspan 2007 Former Chairman of the Federal Reserve
"The gross national product includes air pollution and advertising for cigarettes and ambulances to clear our highways of carnage. It counts special locks for our doors and jails for the people who break them. GNP includes the destruction of the redwoods and the death of Lake Superior. It grows with the production of napalm, and missiles and nuclear warheads... It measures everything, in short, except that which makes life worthwhile"
Senator Robert Kennedy
#123
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Posted 01 July 2008 - 03:11 PM
Difficult to get something so complicated acrossed in such a small space of time.
I'd leave out any reference to being called a loony in the past.
We need to sort-out some better (snappy) one-liners, something to get people thinking
instead of dismissing the argument.
Melanie Bien didn't look like she wanted to be there.
well done FP.
I'd leave out any reference to being called a loony in the past.
We need to sort-out some better (snappy) one-liners, something to get people thinking
instead of dismissing the argument.
Melanie Bien didn't look like she wanted to be there.
well done FP.
#124
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Posted 01 July 2008 - 07:57 PM
Just watched it well done FP cannot believe tax payers money is spent on Declan. Yes Nationwide only down 0.9 % last month put look at the volumes of sales from other data no one is moving, I reckon people as desperately sitting tight at the moment when the 2 year resets pick on steam FPs 35 % drop might be a bit low
#125
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Posted 01 July 2008 - 08:07 PM
Sterling performance by FP as usual but frankly, his Oliver Hardy is only really funny when contrasted against Melanie Bien's Stan Laurel. She's hilarious! I wonder if she's available to do her comedy at functions.
"And thus the rule, supported by the experience of centuries; the speculative episode always ends, not with a whimper but with a bang."
J. K. Galbraith - A short history of financial euphoria
My blog from enemy territory
J. K. Galbraith - A short history of financial euphoria
My blog from enemy territory
#126
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Posted 01 July 2008 - 08:36 PM
Paddles, on Jul 1 2008, 09:07 PM, said:
Sterling performance by FP as usual but frankly, his Oliver Hardy is only really funny when contrasted against Melanie Bien's Stan Laurel. She's hilarious! I wonder if she's available to do her comedy at functions.
Better.
It is alledged she will do this performace for £8.50.
She will do a better job of this than the current one she has got.
Probabaly better than the original artist too!
http://www.youtube.c...h?v=SZN1ZIHaSEQ
"They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." - Benjamin Franklin
"Never give a sucker an even break".
Charlie - For a Living I export Diesel Generators. We manufacture all our diesel generators in the UK.
Perkins and Volvo Generators
Perkins Diesel Generators,Volvo Diesel Generators, Generator Spares, Perkins Spares,Generator Support Forums
"Never give a sucker an even break".
Charlie - For a Living I export Diesel Generators. We manufacture all our diesel generators in the UK.
Perkins and Volvo Generators
Perkins Diesel Generators,Volvo Diesel Generators, Generator Spares, Perkins Spares,Generator Support Forums
#127
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Posted 01 July 2008 - 09:37 PM
KingCharles1st, on Jul 1 2008, 08:14 AM, said:
now if we could get FP onto "Question Time" 
I like that idea!
There must be a way?
Five myths about Margaret Thatcher:
FAR too much nonsense is being spoken about Lady Thatcher’s time in office. Here is my take on five key myths.
MYTH 1: POPULARITY
Thatcher won 43.9 per cent of the vote in 1979, 42.4 per cent per cent in 1983 and 42.2 per cent per cent in 1987, landslide results that contemporary politicians can only dream of. Her opinion polls today remain extremely strong: YouGov polling finds that she is deemed the greatest post-1945 prime minister, and that 52 per cent believe she was a great or a good PM, against 30 per cent who said she was poor or terrible. Even in the north, 49 per cent approve, against 35 per cent who don’t; only in Scotland is the balance against her. Yes, many hated her – but lots loved her, and the majority of today’s public approves.
MYTH 2: PUBLIC SPENDING
Total managed expenditure went up modestly in real terms during her time in office, with spending higher on areas such as the NHS, but the state’s overall share of GDP diminished substantially. Public spending, on the Treasury’s measure, fell from 44.6 per cent of GDP in 1979-1980, to 39.4 per cent of GDP in 1990-91, a 5.2 percentage point decline.
The real extent of the fall is masked by the bitter recession of the early 1980s as she weaned the UK from extreme levels of inflation. Spending rose to a peak of 48.2 per cent of GDP by 1982-83, the economy battered by soaring unemployment, before being slashed. The peak to trough reduction in spending was 8.8 per cent of GDP, though it is slightly exaggerated by the unsustainable growth in the last couple of years caused by Lord Lawson’s cheap money bubble.
In theory, David Cameron wants to cut public spending from 46.5 per cent of GDP in 2010-11 to 40.5 per cent of GDP in 2017-18, an achievement which would be truly Thatcherite; but such a reduction looks unlikely to materialise because of his inability to introduce Thatcher-style supply-side reforms and marginal tax rate cuts.
MYTH 3: COALMINING
Far more miners lost their jobs in the 1960s, especially under Labour’s Harold Wilson – and far more mines shut – than in the 1980s. In 1960, 605,000 miners produced 196.7m tonnes of coal. By 1970, 289,000 miners produced 144.7m tonnes; by 1979-80, 235,200 miners extracted 123.3m tonnes. By the time she left office, 62,000 miners extracted 91.6m tonnes. Manufacturing production rose by 7.5 per cent per cent during Thatcher’s time in office, nailing another lie, with industrial production going up even faster.
MYTH 4: ECONOMIC PERFORMANCE
Thatcher’s supply-side reforms worked. The economy grew 3.03 per cent a year in the 1950s, 3.18 per cent a year in the 1960s, 2.07 per cent in the 1970s, 3.09 per cent in the 1980s under Thatcher, before expanding by 2.77 per cent in the 1990s (when her legacy remained) and by 1.77 per cent in the 2000s, according to an analysis by Sam Williamson of the University of Illinois.
MYTH 5: TAX CUTS.
There are some who point to the fact that the total tax take under Thatcher increased from 33.7 per cent of GDP in 1979-80 to 34.9 per cent as proof that she wasn’t a real tax-cutter. That is nonsense. She raised value added tax substantially, but her massive cuts to income and corporation tax were hugely important and beneficial. The increase in the tax take was caused primarily by the rebound in growth in later years (and was slightly exaggerated, once again, by the Lawson bubble).
by Allister Heath
April 11, 2013
FAR too much nonsense is being spoken about Lady Thatcher’s time in office. Here is my take on five key myths.
MYTH 1: POPULARITY
Thatcher won 43.9 per cent of the vote in 1979, 42.4 per cent per cent in 1983 and 42.2 per cent per cent in 1987, landslide results that contemporary politicians can only dream of. Her opinion polls today remain extremely strong: YouGov polling finds that she is deemed the greatest post-1945 prime minister, and that 52 per cent believe she was a great or a good PM, against 30 per cent who said she was poor or terrible. Even in the north, 49 per cent approve, against 35 per cent who don’t; only in Scotland is the balance against her. Yes, many hated her – but lots loved her, and the majority of today’s public approves.
MYTH 2: PUBLIC SPENDING
Total managed expenditure went up modestly in real terms during her time in office, with spending higher on areas such as the NHS, but the state’s overall share of GDP diminished substantially. Public spending, on the Treasury’s measure, fell from 44.6 per cent of GDP in 1979-1980, to 39.4 per cent of GDP in 1990-91, a 5.2 percentage point decline.
The real extent of the fall is masked by the bitter recession of the early 1980s as she weaned the UK from extreme levels of inflation. Spending rose to a peak of 48.2 per cent of GDP by 1982-83, the economy battered by soaring unemployment, before being slashed. The peak to trough reduction in spending was 8.8 per cent of GDP, though it is slightly exaggerated by the unsustainable growth in the last couple of years caused by Lord Lawson’s cheap money bubble.
In theory, David Cameron wants to cut public spending from 46.5 per cent of GDP in 2010-11 to 40.5 per cent of GDP in 2017-18, an achievement which would be truly Thatcherite; but such a reduction looks unlikely to materialise because of his inability to introduce Thatcher-style supply-side reforms and marginal tax rate cuts.
MYTH 3: COALMINING
Far more miners lost their jobs in the 1960s, especially under Labour’s Harold Wilson – and far more mines shut – than in the 1980s. In 1960, 605,000 miners produced 196.7m tonnes of coal. By 1970, 289,000 miners produced 144.7m tonnes; by 1979-80, 235,200 miners extracted 123.3m tonnes. By the time she left office, 62,000 miners extracted 91.6m tonnes. Manufacturing production rose by 7.5 per cent per cent during Thatcher’s time in office, nailing another lie, with industrial production going up even faster.
MYTH 4: ECONOMIC PERFORMANCE
Thatcher’s supply-side reforms worked. The economy grew 3.03 per cent a year in the 1950s, 3.18 per cent a year in the 1960s, 2.07 per cent in the 1970s, 3.09 per cent in the 1980s under Thatcher, before expanding by 2.77 per cent in the 1990s (when her legacy remained) and by 1.77 per cent in the 2000s, according to an analysis by Sam Williamson of the University of Illinois.
MYTH 5: TAX CUTS.
There are some who point to the fact that the total tax take under Thatcher increased from 33.7 per cent of GDP in 1979-80 to 34.9 per cent as proof that she wasn’t a real tax-cutter. That is nonsense. She raised value added tax substantially, but her massive cuts to income and corporation tax were hugely important and beneficial. The increase in the tax take was caused primarily by the rebound in growth in later years (and was slightly exaggerated, once again, by the Lawson bubble).
by Allister Heath
April 11, 2013
#128
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Posted 01 July 2008 - 09:40 PM
gravity always wins, on Jul 1 2008, 04:09 PM, said:
Yawn, can't wait for someone to ask you on telly when you sold your house.
Still waiting for the Dow to hit 15,000 fancy updating us on that prediction?
Just another VI who couldn't predict his way out of a paperbag.
Still waiting for the Dow to hit 15,000 fancy updating us on that prediction?
Just another VI who couldn't predict his way out of a paperbag.
Five myths about Margaret Thatcher:
FAR too much nonsense is being spoken about Lady Thatcher’s time in office. Here is my take on five key myths.
MYTH 1: POPULARITY
Thatcher won 43.9 per cent of the vote in 1979, 42.4 per cent per cent in 1983 and 42.2 per cent per cent in 1987, landslide results that contemporary politicians can only dream of. Her opinion polls today remain extremely strong: YouGov polling finds that she is deemed the greatest post-1945 prime minister, and that 52 per cent believe she was a great or a good PM, against 30 per cent who said she was poor or terrible. Even in the north, 49 per cent approve, against 35 per cent who don’t; only in Scotland is the balance against her. Yes, many hated her – but lots loved her, and the majority of today’s public approves.
MYTH 2: PUBLIC SPENDING
Total managed expenditure went up modestly in real terms during her time in office, with spending higher on areas such as the NHS, but the state’s overall share of GDP diminished substantially. Public spending, on the Treasury’s measure, fell from 44.6 per cent of GDP in 1979-1980, to 39.4 per cent of GDP in 1990-91, a 5.2 percentage point decline.
The real extent of the fall is masked by the bitter recession of the early 1980s as she weaned the UK from extreme levels of inflation. Spending rose to a peak of 48.2 per cent of GDP by 1982-83, the economy battered by soaring unemployment, before being slashed. The peak to trough reduction in spending was 8.8 per cent of GDP, though it is slightly exaggerated by the unsustainable growth in the last couple of years caused by Lord Lawson’s cheap money bubble.
In theory, David Cameron wants to cut public spending from 46.5 per cent of GDP in 2010-11 to 40.5 per cent of GDP in 2017-18, an achievement which would be truly Thatcherite; but such a reduction looks unlikely to materialise because of his inability to introduce Thatcher-style supply-side reforms and marginal tax rate cuts.
MYTH 3: COALMINING
Far more miners lost their jobs in the 1960s, especially under Labour’s Harold Wilson – and far more mines shut – than in the 1980s. In 1960, 605,000 miners produced 196.7m tonnes of coal. By 1970, 289,000 miners produced 144.7m tonnes; by 1979-80, 235,200 miners extracted 123.3m tonnes. By the time she left office, 62,000 miners extracted 91.6m tonnes. Manufacturing production rose by 7.5 per cent per cent during Thatcher’s time in office, nailing another lie, with industrial production going up even faster.
MYTH 4: ECONOMIC PERFORMANCE
Thatcher’s supply-side reforms worked. The economy grew 3.03 per cent a year in the 1950s, 3.18 per cent a year in the 1960s, 2.07 per cent in the 1970s, 3.09 per cent in the 1980s under Thatcher, before expanding by 2.77 per cent in the 1990s (when her legacy remained) and by 1.77 per cent in the 2000s, according to an analysis by Sam Williamson of the University of Illinois.
MYTH 5: TAX CUTS.
There are some who point to the fact that the total tax take under Thatcher increased from 33.7 per cent of GDP in 1979-80 to 34.9 per cent as proof that she wasn’t a real tax-cutter. That is nonsense. She raised value added tax substantially, but her massive cuts to income and corporation tax were hugely important and beneficial. The increase in the tax take was caused primarily by the rebound in growth in later years (and was slightly exaggerated, once again, by the Lawson bubble).
by Allister Heath
April 11, 2013
FAR too much nonsense is being spoken about Lady Thatcher’s time in office. Here is my take on five key myths.
MYTH 1: POPULARITY
Thatcher won 43.9 per cent of the vote in 1979, 42.4 per cent per cent in 1983 and 42.2 per cent per cent in 1987, landslide results that contemporary politicians can only dream of. Her opinion polls today remain extremely strong: YouGov polling finds that she is deemed the greatest post-1945 prime minister, and that 52 per cent believe she was a great or a good PM, against 30 per cent who said she was poor or terrible. Even in the north, 49 per cent approve, against 35 per cent who don’t; only in Scotland is the balance against her. Yes, many hated her – but lots loved her, and the majority of today’s public approves.
MYTH 2: PUBLIC SPENDING
Total managed expenditure went up modestly in real terms during her time in office, with spending higher on areas such as the NHS, but the state’s overall share of GDP diminished substantially. Public spending, on the Treasury’s measure, fell from 44.6 per cent of GDP in 1979-1980, to 39.4 per cent of GDP in 1990-91, a 5.2 percentage point decline.
The real extent of the fall is masked by the bitter recession of the early 1980s as she weaned the UK from extreme levels of inflation. Spending rose to a peak of 48.2 per cent of GDP by 1982-83, the economy battered by soaring unemployment, before being slashed. The peak to trough reduction in spending was 8.8 per cent of GDP, though it is slightly exaggerated by the unsustainable growth in the last couple of years caused by Lord Lawson’s cheap money bubble.
In theory, David Cameron wants to cut public spending from 46.5 per cent of GDP in 2010-11 to 40.5 per cent of GDP in 2017-18, an achievement which would be truly Thatcherite; but such a reduction looks unlikely to materialise because of his inability to introduce Thatcher-style supply-side reforms and marginal tax rate cuts.
MYTH 3: COALMINING
Far more miners lost their jobs in the 1960s, especially under Labour’s Harold Wilson – and far more mines shut – than in the 1980s. In 1960, 605,000 miners produced 196.7m tonnes of coal. By 1970, 289,000 miners produced 144.7m tonnes; by 1979-80, 235,200 miners extracted 123.3m tonnes. By the time she left office, 62,000 miners extracted 91.6m tonnes. Manufacturing production rose by 7.5 per cent per cent during Thatcher’s time in office, nailing another lie, with industrial production going up even faster.
MYTH 4: ECONOMIC PERFORMANCE
Thatcher’s supply-side reforms worked. The economy grew 3.03 per cent a year in the 1950s, 3.18 per cent a year in the 1960s, 2.07 per cent in the 1970s, 3.09 per cent in the 1980s under Thatcher, before expanding by 2.77 per cent in the 1990s (when her legacy remained) and by 1.77 per cent in the 2000s, according to an analysis by Sam Williamson of the University of Illinois.
MYTH 5: TAX CUTS.
There are some who point to the fact that the total tax take under Thatcher increased from 33.7 per cent of GDP in 1979-80 to 34.9 per cent as proof that she wasn’t a real tax-cutter. That is nonsense. She raised value added tax substantially, but her massive cuts to income and corporation tax were hugely important and beneficial. The increase in the tax take was caused primarily by the rebound in growth in later years (and was slightly exaggerated, once again, by the Lawson bubble).
by Allister Heath
April 11, 2013
#129
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Posted 02 July 2008 - 12:00 AM
Prof, on Jul 1 2008, 07:55 AM, said:
A cool, calm performance from FP.
Best thing I heard was Declan`s reply to FP saying that the rest of the world is seeing large house price drops, "but this is Britain !".
Best thing I heard was Declan`s reply to FP saying that the rest of the world is seeing large house price drops, "but this is Britain !".
FP was saying that prices were falling in other parts of the world. That statement in and of itself is not evidence that prices will fall in the UK. It was a perfectly valid question from Declan and probably reflects what the 'average' person would be thinking watching that interview. Sometimes interviewers ask questions simply in order to get the person talking or to lead them in a certain direction.
He's a bit of a div, but not everything he says is rubbish.
#130
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Posted 02 July 2008 - 01:47 PM
benj, on Jul 1 2008, 01:00 PM, said:
For the benefit of anyone who missed this, and/or can't listen to the YouTube clip that Crown provided, here is a transcript. (Apologies for any errors I've introduced...)
Thanks for typing that all out Benj, I haven't had a chance to watch it yet.
#131
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Posted 02 July 2008 - 06:32 PM
Well done FP and thanks.