rw42 Posted February 4, 2009 Share Posted February 4, 2009 (edited) Mr Brown says the biggest error of judgement would be to do nothing in the current situation, adding that Mr Cameron has talked Britain down and should be ashamed. There is much shouting and howling in the chamber. That is the end of Mr Cameron's questions. http://news.bbc.co.uk/1/hi/uk_politics/7869367.stm How is it that we can simultaneously have a strong economy, with sound fundamentals, yet at the same time have a weakling economy that can shrink [go flaccid?] if it's given a stern talking down? Edited February 4, 2009 by rw42 Quote Link to comment Share on other sites More sharing options...
Y-QUERK Posted February 4, 2009 Share Posted February 4, 2009 Its perfectly possible for a strong economy to be talked into a depression...... Quote Link to comment Share on other sites More sharing options...
Wonga Posted February 4, 2009 Share Posted February 4, 2009 http://news.bbc.co.uk/1/hi/uk_politics/7869367.stmHow is it that we can simultaneously have a strong economy, with sound fundamentals, yet at the same time have a weakling economy that can shrink [go flaccid?] if it's given a stern talking down? It's called 'lying ones honourable **** off'! :angry: Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted February 4, 2009 Share Posted February 4, 2009 Yes, because if im an investor, the first person i go to for advice is a politician, a powerless opposition politician at that. Quote Link to comment Share on other sites More sharing options...
Lepista Posted February 4, 2009 Share Posted February 4, 2009 It would be a good question time poser to the panel: "Why is it that a strong economy, such as the governments says the UK is, so susceptible to market confidence?" Surely IF we have a strong economy, then there are worse things than just being talked about....? Sticks and stones, and all that. Unless, of course, the whole economy IS bui;t on words, then words can bring it down... ergo we do not have a strong economy. Quote Link to comment Share on other sites More sharing options...
blankster Posted February 4, 2009 Share Posted February 4, 2009 (edited) Some of us, like most of us on here, think they economy got way above its natural level and so it will slump more. Others, though, seem to think it is being stretched DOWN from its natural level and will ping back again to 2007! Edited February 4, 2009 by blankster Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted February 4, 2009 Share Posted February 4, 2009 I would argue that an economy that can be ruined purely by a lack of confidence.... is nothing more than a confidence trick. Quote Link to comment Share on other sites More sharing options...
rw42 Posted February 4, 2009 Author Share Posted February 4, 2009 I would argue that an economy that can be ruined purely by a lack of confidence.... is nothing more than a confidence trick. Think thats getting somewhere - the suggestion would be that we are at the mercy of external capital flows, that we have actually no money of our own to prop ourselves up with if the world at large were to lose faith in our economy. Thus our current situation is either: A reflection of the world at large's position of the british economy, that we have no control over, and hence no sound fundamentals and _no one_ in charge with any control over it. OR: We do have a sound economy that can survive on it's own capital, with able leadership at the helm. In which case any person taking a negative view would not matter. Not sure if it's an engineer's mind that can't help spot and get irritated by little logical inconsistencies like this, but lately i've started disagreeing with everything i see on TV Nothing is just simple facts any more, it's always a certain opinion/interpretation of the facts.. Quote Link to comment Share on other sites More sharing options...
the-sign-jacker Posted February 4, 2009 Share Posted February 4, 2009 phew. i dont know what the fuss is about. if we all talk like its ok, then its ok right ? Quote Link to comment Share on other sites More sharing options...
BubbleBlower Posted February 4, 2009 Share Posted February 4, 2009 How is it that we can simultaneously have a strong economy, with sound fundamentals, yet at the same time have a weakling economy that can shrink [go flaccid?] if it's given a stern talking down? That is the danger of an outbreak of pooh pooh. Brown's mistake is to try and pooh pooh Cameron's pooh pooh. That could be disastrous, could spread like wildfire and destroy the entire economy. Quote Link to comment Share on other sites More sharing options...
rw42 Posted February 4, 2009 Author Share Posted February 4, 2009 phew. i dont know what the fuss is about.if we all talk like its ok, then its ok right ? Got it in one! One of the key characteristics of a ponzi scheme is that profits are always there as long as you can find new mugs to pile in.. as soon as people start to exit, it all comes crumbling down. Quote Link to comment Share on other sites More sharing options...
rw42 Posted February 4, 2009 Author Share Posted February 4, 2009 That is the danger of an outbreak of pooh pooh. Brown's mistake is to try and pooh pooh Cameron's pooh pooh. That could be disastrous, could spread like wildfire and destroy the entire economy. You mean we'll all be covered in sh!t? Quote Link to comment Share on other sites More sharing options...
the-sign-jacker Posted February 4, 2009 Share Posted February 4, 2009 Got it in one!One of the key characteristics of a ponzi scheme is that profits are always there as long as you can find new mugs to pile in.. as soon as people start to exit, it all comes crumbling down. i like how they assume that if the banks start lending 5x mortgages again, we will all be rushing to sign up..... Quote Link to comment Share on other sites More sharing options...
Pericles Posted February 4, 2009 Share Posted February 4, 2009 Dear Prime Minister please restart the next boom as soon as possible...next week would be fine. In the meantime I am keeping my spirits up by whistling my favourite tunes. God bless you. Quote Link to comment Share on other sites More sharing options...
MSWHPC Posted February 4, 2009 Share Posted February 4, 2009 There is one thing worse than being talked about...and that is not being talked about. (Wilde) Quote Link to comment Share on other sites More sharing options...
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