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miccage

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About miccage

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  1. That's the crux of the issue. If no-one borrows (as seems likely) the money will enter the system but have no effect (no velocity). The BOE will then print more money in an attempt to get the system moving. This will probably go on for a while. At some point (when some confidence returns and people start borrowing again) this excess printed money will be unleashed on the system (v. high velocity) and it will be too late to take any of it back...pop!
  2. Funniest thread since the one about houses that look like their owners.
  3. I added this little ditty: Are you insane? or really that selfish. This rant is easily the poorest attempt at journalism I have ever had the misfortune to read. Can you not grasp the simple concept that because houses are too expensive a whole generation of people can not afford to buy a house? Of course Btl has increased the amount of private rented accomodation. It has also massively increased the number of potential tenants by denying them the chance to ever own their own home. I wouldn't mind so much if the government put in place laws to protect tenants from this new overclass of amateur landlords who seem more than happy to rip-off/make homeless/shaft (delete as appropriate) tennants at every available opportunity without a second thought to the consequences of their actions. Now who does that sound like? Go on Anne , you know you want to post it...
  4. Maybe it is finally all unwinding. Good article: investors shun sterling
  5. Quite intereting, very different to what most people on these boards think. Bristol Uni study
  6. Absolutely agree, one of the best ideas i've heard about this situation. Disagree with all the golf course bashing. Whilst some do use far too much fertliser and water (need tighter regs to stop this waste) one of my local courses in Bristol supports a huge amount of wildlife including deer, pheasent and some rare frog species.
  7. Having read quite a few of the threads on this topic it appears that quite a few people have a problem with the concept of time. Statements such as: CO2 concentrations have been far higher in the past, and the sun gives off more energy than it used are true, but without a detailed understanding of the timescales involved such information can be used erroneously. I believe that when considering the immediate and future implications of climate change the significant data that we need to consider is from the past 450000 years (0.01% of Earth history). Climate records and past gas concentrations over this timescale are pretty reliable being based on detailed ice core records from both the northern and southern hemispheres. Over this period of Earth history there have been many 'ice-ages' where sea-levels dropped and temperature decreased. At the present time we are in an inter-glacial period with higher sea levels and higher temperatures. Over this period of earth history CO2 levels have fluctuated very little with small oscillations linked with glacial-inter glacial cycles. In the past 200 years human activities have increased by more than double the maximum CO2 concentration in this period. Even if we slow consumption today we will struggle to keep CO2 concentrations from doubling again. As I mentioned we are already in an inter-glacial period so the next natural temperature change should have been down but we are currently on the road to doing the opposite. What exactly will happen, no-one knows for sure, but it is a real problem and it should be taken far more seriously than many people appear to be.
  8. apparently not as fast as the gov't can stop you getting round paying fuel duty
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