[DinosaursAreAwesome]

Notlongnow, on Apr 8 2008, 09:28 PM, said:

Additionally, when is David Cameron going to pull his finger out and ask some searching questions in PMQ's. Maybe tomorrow?

Brown's mis-management off the economy will go down in infamy. Watching him on the news earlier with this stupid shared equity CRAP made my stomach turn.

Camerons is no fool: HPC is the ace up his sleeve, the tactical nuke in the silo, if you will. Using it to completely destroy Brown's facade of economic competance is the play that will win him the election and he knows it. However, he doesn't want to be seen calling the crash early, or talking the market down- the bears will do that for him. Since most people, unsurprisingly, are pro HPI he does not want to alienate them by implying that they are, well, idiots who should've known better. He gets maximum leverage out of this by waiting not for the writing to be on the wall (now) but blazing in the sky in hundred foot flaming script (at this rate maybe six months?). Then the time is right to remind the PM of that initial pledge as chancellor to 'not let house prices get of control' and basically start him on the path to being Britain's most hated political figure since EdwardII- and if we're lucky a similar fate awaits him!

[W12]

Drat. I was probably within a few cricket pitches of FP this evening, and I didn't realise it. If I had, I'd have quietly said hello, as an HPCer working in BBC News.

I wouldn't have offered him a coffee though; the stuff from the machine in the News 24 "green area" is vile.


At the risk of saying "I told you so", I did say on this site many, many months ago that the BBC would start to report house prices going down when the evidence started to show house prices going down. Tuesday 8th April 2008 was the day it happened.

[Bloo Loo]

W12, on Apr 9 2008, 12:11 AM, said:

Drat. I was probably within a few cricket pitches of FP this evening, and I didn't realise it. If I had, I'd have quietly said hello, as an HPCer working in BBC News.

I wouldn't have offered him a coffee though; the stuff from the machine in the News 24 "green area" is vile.


At the risk of saying "I told you so", I did say on this site many, many months ago that the BBC would start to report house prices going down when the evidence started to show house prices going down. Tuesday 8th April 2008 was the day it happened.

You are absolutely correct. On R4 this morning, the chancellor got a griling from the BBC reporter. Rock and hard place was put to tthe Darling as Brown said yesterday that he would help House buyers and Home owners. Reporter said if he helps one, he hurts the other. Darling developed a stutter.

Darling has asked an FSA bod to report in the summer about how to stimulate mortgage lending.

Summarizing, the Political reported said that it seemd that the politicians wanted to help, realised the events were out of control and were now HOPING that things wont be as bad as they seem.

Well done the BBC

[Paddles]

Bloo Loo, on Apr 9 2008, 08:29 AM, said:

You are absolutely correct. On R4 this morning, the chancellor got a griling from the BBC reporter. Rock and hard place was put to tthe Darling as Brown said yesterday that he would help House buyers and Home owners. Reporter said if he helps one, he hurts the other. Darling developed a stutter.

Darling has asked an FSA bod to report in the summer about how to stimulate mortgage lending.

Summarizing, the Political reported said that it seemd that the politicians wanted to help, realised the events were out of control and were now HOPING that things wont be as bad as they seem.

Well done the BBC

By the time the report comes out the big drops will be locked and loaded. Even if the report came out next week they'd still struggle to spin the market back up.

[Bloo Loo]

Paddles, on Apr 9 2008, 08:35 AM, said:

By the time the report comes out the big drops will be locked and loaded. Even if the report came out next week they'd still struggle to spin the market back up.

Yes its a words only action. No help whatsoever.

In same interview, chancellor said Brown was going to Wall Street in next couple of days to get them to say exactly how bad it is and to fess-up to the losses to come.

I wonder what theyll tell him?

[babesagainstmachines]

Bloo Loo, on Apr 9 2008, 08:29 AM, said:

Darling has asked an FSA bod to report in the summer about how to stimulate mortgage lending.

I'd have thought that was pretty obvious. Let houses get cheaper so theyr'e worth buying.

This post has been edited by dazednconfused: 09 April 2008 - 08:00 AM

[Bloo Loo]

dazednconfused, on Apr 9 2008, 09:00 AM, said:

I'd have thought that was pretty obvious. Let houses get cheaper so theyr'e worth buying.

yes, but why not waste £10m on a report? I mean, the FSA hasnt got much work on its plate at the moment, what with ignoring mortgage fraud, ignoring bank solvency and fining small insurance brokers for having the wrong words on their PPI crib sheet.

They need the work, and darling needs to be incharge

[benj]

Bloo Loo, on Apr 9 2008, 07:29 AM, said:

You are absolutely correct. On R4 this morning, the chancellor got a griling from the BBC reporter. Rock and hard place was put to tthe Darling as Brown said yesterday that he would help House buyers and Home owners. Reporter said if he helps one, he hurts the other. Darling developed a stutter.

Was I imagining things, or did he also say at one point that we have "historically low levels of debt"?

[Bloo Loo]

benj, on Apr 9 2008, 09:47 AM, said:

Was I imagining things, or did he also say at one point that we have "historically low levels of debt"?

He did. Davies went for the kill but Darling, the master at stuttering under pressure side stepped the issue.

Darling sounded to me a bit like the time whent they were defending the Iraque dossier. He is on a downhill slide.