Sunday, Jul 13, 2008
Take two asprin, go to bed and wait for 18 months - seriously it'll all be OK soon
The Indie: Hamish Macrae - Crashes aren't good but the bottom isn't far away
'But once house prices have clearly bottomed out, perhaps by the end of next year, confidence could come back quite fast. ' Wishful thinking twaddle from a guy who ought to know better. Cheer up lads, screw the fundamentals, it'll all be fine soon.
Posted by montesquieu @ 11:09 AM (596 views) Add Comment
5 Comments
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1. hpwatcher said...
I don't think anyone can realy predict when it will be all over....seems to me, it's only just beginning!
2. plato said...
Yes it certainly is just beginning. House prices being part of a huge financial meltdown in the making. Someone said to me recently (who runs an executive employment agency) : All this talk of doom and gloom is just going to make the whole thing happen".
My reply was : "So you use superstition as the basis for analysis then?"
3. micasasucasa said...
I think I might become a journalist. I can think of no other career where you can be so consistently wrong and ill-informed and still keep your job (apart from in government of course).
4. inbreda said...
And the church, of course.
Who else can think the earth is flat, was created in 7 days a little over 4000 years ago, and cause such suffering in the process?
5. last_days_of_disco said...
Calling the bottom, next in the standard process of collapse: tick
@inbreda
No one can prove theories of origins, really really.
And how can believing the world is 4000 years old and created in seven days hurt anyone?
I don't like your assertion that somehow believing in creation results in "causing so much suffering". Its a lame argument to blame religion when really its plain old fashioned meanness, not the religion at all.
I seem to remember a few people in the last century who believed they had evolved to be a super race (facism) or had come up with the ideal Utopian philosophy (communism) who whacked a much larger chunk of the population. Its a simplistic atheist lie that says religion always kills people. I don't mind that so much. Its the implication that therefore being agnostic or atheist is somehow superior that I must object to strongly.
Atheist philosophies have resulted in even more deaths, because their is no need for inconsistency to kill people off (no commands to obey). Anything is possible with an atheist, there are no boundaries, killing is as good as not killing.
An interesting feature I have noticed with the housing price crash coming into force, is the increase in people coming to church. When times are good, we don't need God, but there is no such thing as an atheist in a crisis (corollary to -- There is no such thing as an atheist at exam time).
:-)