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Bubble Trouble

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    Economics<br>Politics<br>Philosophy (mainly of mind)<br>Science (mainly evolutionary theory, evolutionary psychology, the science of mind)<br>Fictional literature<br>Art (painting in oils mainly)<br>International relations<br>History

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  1. Mar G: dont be a moron. What had the US done to the fanatics before September 11th? Clinton was hardly bombing them was he? Also - most Iraqis are glad that they were liberated and are grateful . . . while arabs in other countries (including Iran) look on enviously . .. and are supportive of the americans. They will go on attacking us . . . yes even France (who they see as an ancient enemy - in a continuation from the crusades . . . yes its mad - but they are . . .).
  2. my point about europe is simply that if the free world would unite against terrorism rather than half of it trying to appease it then we would all be better off. France - despite its actions is still a target for the terrorists - they won't stop until the decadent west has collapsed . .. which of course will not happen . .. they see this as a fight to the death - appeasement just makes them think that we are wesk and decadent. Only strength and unity can show them that we are not 'decadent' (in their perverted eyes). That is our only hope of sussess. The spanish voters showed their weakness. I
  3. It will be blamed as the trigger. People will say that the crash would not have happened if it were not for this. I can't believe it has finally happened - after so long. But a large scale attack was sadly inevitable. Lets hope maybe europe will now unite against the threat a little bit better than they did after the Madrid bombings.
  4. House prices To buy or not to buy? That is the question Mar 3rd 2005 From The Economist print edition Today it is often much cheaper to rent than to buy a house “IT IS always better to buy a house; paying rent is like pouring money down the drain.†For years, such advice has encouraged people to borrow heavily to get on the property ladder as soon as possible. But is it still sound advice? House prices are currently at record levels in relation to rents in many parts of the world and it now often makes more financial sense—especially for first-time buyers—to rent instead. Home
  5. Could it be that the fact that first time buyers are at their lowest in well over a decade means that the cheaper houses are not the ones that have been sold? In other words: the kind of homes that a first time buyer would buy - at the bottom of the ladder -have largely dropped out of the turnover of house sales which the Halifax and Nationwide's figures report. Thus a larger proportion of the houses used in their indices are the larger more expensive homes which people in their middle ages (having already been on the 'ladder') are selling (and buying). Hence the indices have not fallen as
  6. Just in time for the crash Jan 27th 2005 From The Economist Why some people think plans to raise home ownership are misconceived TONY BLAIR was playing his favourite game this week. The prime minister's latest wheeze is to set a target for home ownership. At present 70% of homes in Britain are owner-occupied. Mr Blair told the Financial Times that he would like this to rise to 80% in ten years' time. The reason Mr Blair is so keen to increase the number of home owners is that he thinks people who have no housing equity to draw on in their lifetimes or to inherit from parents are likely
  7. RRP - the 'doctrine' I am referring to is 'economics'. Economists cannot agree on things like forecasting (apart from to say that eventually things will go back to trend or establish a new trend) and they are no good at forecasting for many technical reasons. But there are some areas that are not debated (although theoretically and techinically open to debate - as everything is in a robust discipline which is based on empirical evidence) - as the weight of empirical evidence is such that they can be taken as laws (like evolution in biology, the earth going round the sun in physics etc etc).
  8. Yes RRP - I'm talking about your kind of economic illiteracy. Milton Friedman supports free trade - yes - but so does every other economist - there is not a debate about it (the only people who do debate it are long haired hippy environmental types who are concerned about 'global poverty' - they often erroneously charge globalisation with the blame for making the poor countrues poor and keeping them poor - when in fact what they should be complaining about is the LACK of globalisation and the LACK of free trade which is having an unfair effect on the poorest nations - what they need is more fr
  9. The trouble is that we need MORE immigration, but the economic illiteracy (and racism in many cases) of the general population means that politicians cannot admit this. Its a shame - as everyone would benefit from more immigration. Same thing with free trade - a potent mix of economic illiteracy and racism/nationalism blinds people to the fact that these things are not zero sum games.
  10. To be fair - the guy in the article is clever - he didnt spend any of it. So he is better off than if he had not done what he did. He also noticed the loophole with egg - so did I (I've got about 30K on credit cards in savings accounts - as long as you dont spend it its a win situation). I don't understand the problem?
  11. Missed this thread when originally done. As a few have said - Hometrack is the answer for TTRTR. The figures are the most up-to-date - rather than lagging the market by 3-6 months as the halifax/ODPM etc figures do. Prices have now been falling ACROSS the UK as a whole for 7 months now. Of course some areas have not been falling for as long as that (although overall the UK has been). London has seen the largest falls (with the final 7 months eliminating all the gains from the first 5 months). Nothing more to say really (except that the crash is happening far faster than the 1989 crash at th
  12. Just thought that given my post on Labour's poster lies that this thread should make a re-entry as well. What a waste of our money!!!!!!!!!!!!!
  13. There are four claims. All are striking—and, in varying degrees, dodgy. • Britain has had the longest period of sustained economic growth for 200 years. Labour neglects to mention that this period started in 1992, when the Conservatives were in power. The claim relies on quarterly GDP estimates. Annual figures show unbroken growth between 1949 and 1973—much longer than the eight years this government has been in power. • Unemployment is at its lowest for 29 years. That's true of the official unemployment figure, which stands at 4.7%. But it is a tiny part of the employment picture. T
  14. It seems to me that this may also happen to houses in the low inflationary era (as predicted by Bootle in his book death of inflation - where he argued contrary to the 'new economy' arguments of low inflation's impact on housing that in fact it would lower the cost of houses relative to other things). The current bubble may have masked an underlying new reality. (By the way this though does not please me - as I was - jokes aside - looking forward to investing in BTL after the crash . . .).
  15. Samuel Brittan: Long death of the cult of equity By Samuel Brittan Published: January 6 2005 21:03 | Last updated: January 6 2005 21:03 There are two culprits for what has gone wrong with pension funds and similar investment vehicles. The first is that increasing life spans have taken people by surprise. The second is that it has been fashionable to project ahead increasing equity values based on what is historically a very short slab of time. This habit lies behind the propaganda to induce people to put their savings into equity-based funds. This is only the second time I have ventured
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