self Posted June 8, 2009 Share Posted June 8, 2009 Dear Mr Brown, We will never forgive you for what you have done to us Yours, The British Public. Quote Link to comment Share on other sites More sharing options...
yellerkat Posted June 8, 2009 Share Posted June 8, 2009 The Independent has a poll showing that an Alan Johnson-led Labour could deny the Tories an overall majority. INDIRECT LINK Quote Link to comment Share on other sites More sharing options...
HAMISH_MCTAVISH Posted June 8, 2009 Share Posted June 8, 2009 This is the big danger going into the next election. If the housing market stabilises in any way = "Gordon saved us". If the QE creates a bounce in the economy ="Gordon saved us". Labour are totally convinced now that the economic recovery is the key to bringing the core Labour voters back out of the woodwork for the GE. They are about to throw the kitchen sink at this! And that, ladies and gents, was the sound of a penny dropping..... Now you are FINALLY getting it. We've been telling you for months now. The pattern of events is entirely predictable, they will print, they will print, and they will print some more. Rates to stay low, and stimulus spending to stay high. By the time the election comes around the next spring bounce will be underway. The tories will get in at the beginning of a recovery, and won't dare do anything to kill it. And by the time rates do rise, the recession will be over, unemployment will be level or dropping, the housing market will be recovering, and yet more time will have passed. Month after month, year after year, of that drip, drip, drip of rent flowing out of your pocket, and increasing your lifetime housing costs. Now I see why the bears are panicking so much. Why the desperation for bigger falls is so pervasive around here. A 25% fall won't help them at all...... Many will have spunked that in rent alone, just waiting for it. If QE and low rates combine to stretch this crash out for another few years, but at very small rates of decline, they are toast. Particularly given the IR differentials. Now that would serve them right. Quote Link to comment Share on other sites More sharing options...
blankster Posted June 8, 2009 Share Posted June 8, 2009 How much voting and financial influence do the unions still have over Labour, and how pro-Brown are they? Quote Link to comment Share on other sites More sharing options...
Si1 Posted June 8, 2009 Share Posted June 8, 2009 How much voting and financial influence do the unions still have over Labour, and how pro-Brown are they? a lot as labour are almost bankrupt Quote Link to comment Share on other sites More sharing options...
MOP Posted June 8, 2009 Author Share Posted June 8, 2009 And that, ladies and gents, was the sound of a penny dropping..... Now you are FINALLY getting it. We've been telling you for months now. The pattern of events is entirely predictable, they will print, they will print, and they will print some more. Rates to stay low, and stimulus spending to stay high. By the time the election comes around the next spring bounce will be underway. The tories will get in at the beginning of a recovery, and won't dare do anything to kill it. And by the time rates do rise, the recession will be over, unemployment will be level or dropping, the housing market will be recovering, and yet more time will have passed. Month after month, year after year, of that drip, drip, drip of rent flowing out of your pocket, and increasing your lifetime housing costs. Now I see why the bears are panicking so much. Why the desperation for bigger falls is so pervasive around here. A 25% fall won't help them at all...... Many will have spunked that in rent alone, just waiting for it. If QE and low rates combine to stretch this crash out for another few years, but at very small rates of decline, they are toast. Particularly given the IR differentials. Now that would serve them right. I am only talking about a QE fuelled bounce that gives the illusion that "Gordon has fixed it" in the short term. Quote Link to comment Share on other sites More sharing options...
billybong Posted June 8, 2009 Share Posted June 8, 2009 That is all so like the dreg days of the J Major government. They will change. They will communicate better and put over their message better. They will make no policy changes. NuLabour/Labour prepare for opposition. Quote Link to comment Share on other sites More sharing options...
billybong Posted June 8, 2009 Share Posted June 8, 2009 Kinnock likened Brown to a 'misunderstood prophet'!! FFS!! Nothing to do with his wife being given a job by the PM? http://news.bbc.co.uk/1/hi/wales/8084541.stm The electorate judged him well in 1992. One of the expenses super-troughers. Quote Link to comment Share on other sites More sharing options...
HAMISH_MCTAVISH Posted June 8, 2009 Share Posted June 8, 2009 (edited) I am only talking about a QE fuelled bounce that gives the illusion that "Gordon has fixed it" in the short term. If the limited amount of QE so far can fuel a spring bounce, there is no reason at all that QE even at current low levels cannot also translate into microscopic falls over next winter. Eventually, a rising economy, rising demand, and rising liquidity will break upwards through even an artificially maintained ceiling...... Might take a while, but it will happen. That really would make this whole crash worthwhile. Seeing the bears who wished so much misery on everyone else lose out too. I could get some T-Shirts done. "Gordon Brown stole my benefits....... from the house price crash." Edited June 8, 2009 by HAMISH_MCTAVISH Quote Link to comment Share on other sites More sharing options...
three pint princess Posted June 8, 2009 Share Posted June 8, 2009 If the limited amount of QE so far can fuel a spring bounce, there is no reason at all that QE even at current low levels cannot also translate into microscopic falls over next winter. The entire problem with QE is it feeding into real life transactions. So far savings have been rising, consumer purchases have been falling and the money just got stuck. Transactions are taking place at a lower level per house purchase, the bubble fever has gone. Until people feel comfortable buying a house there is no bounce. You just get falling house prices as everyone trys to back away. Quote Link to comment Share on other sites More sharing options...
HAMISH_MCTAVISH Posted June 8, 2009 Share Posted June 8, 2009 Until people feel comfortable buying a house there is no bounce. You just get falling house prices as everyone trys to back away. And yet, there clearly is a bounce taking place today. Quote Link to comment Share on other sites More sharing options...
three pint princess Posted June 8, 2009 Share Posted June 8, 2009 And yet, there clearly is a bounce taking place today. Well yes on a month by month basis, yet we are still ahead (just) of the USA crash and they reach 35% from peak if we follow to June 2010. The crash so far has beat the 1990's, it's hard to see how any rise (which both the Halifax and Nationwide report as fragile and due to low volumes) can result in a steady gain in house prices. The bounce could be a real turn around, yet in the same way as late 2007, what is there to support it? Quote Link to comment Share on other sites More sharing options...
three pint princess Posted June 9, 2009 Share Posted June 9, 2009 3:00am almost and I'm moving all my bets off to the opposite, to lay against something in the hope I recoup. All my money back to 2010 now and some small amount trailing on a change of leader because it moves elections forward. Quote Link to comment Share on other sites More sharing options...
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