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Reraise

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All our favourites giving their of side of 2008- Mervyn, Gordon, Alistair and friends

A look back at the economic downturn of last year: It started in America, Gordon saved the day by acting quickly, and the dumbasses in Ireland and Iceland forgot about productive industry and had a credit and property binge, LOL.

Edited by Reraise

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All our favourites giving their of side of 2008- Mervyn, Gordon, Alistair and friends

A look back at the economic downturn of last year: It started in America, Gordon saved the day by acting quickly, and the dumbasses in Ireland and Iceland forgot about productive industry and had a credit and property binge, LOL.

I'm curious, what's your explanation of events?

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A lot of talk about empty cash machines and riots. (which may have been what we needed.) Merv looks like a man lost at sea.

"The crash was decades in the making". It started in the eighties. :rolleyes:

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The makers of this show appear to labour under the delusion that Brown knew/knows what he is doing.

They conveniently forget that he was largely responsible for causing the crash in the first place.

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happy?,

this:

The makers of this show appear to labour under the delusion that Brown knew/knows what he is doing.

They conveniently forget that he was largely responsible for causing the crash in the first place.

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I'm curious, what's your explanation of events?

I don't understand. Are you saying that you agree with the almost grotesque pravda-style portrayal of events shown tonight?

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The show was laughable in places. It made no attempt to cover the praise for Brown and seemed intent on highlighting his foresight and bravery at every turn.

lol.

Edited by Errol

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It was all very "past tense". House prices crashed. Stock markets plunged. But now its all over. The sun is out, the sky is blue.

Afraid QE means this is just the intermission. Stock up on Ki-ora and Cornettos before the main feature resumes....

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I don't understand. Are you saying that you agree with the almost grotesque pravda-style portrayal of events shown tonight?

I was being sarcastic, the programme was laughable.

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"The crash was decades in the making". It started in the eighties. :rolleyes:

That is decades isn't it? (or three of them anyway).

The makers of this show appear to labour under the delusion that Brown knew/knows what he is doing.

They conveniently forget that he was largely responsible for causing the crash in the first place.

Hmm that's true. I actually do think the Brown/Darling plan was a pretty good one in the circumstances, as events showed, but it is equally true that it was in part their own hole they climbed out of.

The show was laughable in places. It made no attempt to cover the praise for Brown and seemed intent on highlighting his foresight and bravery at every turn.

Well, people won't consent to be on the programme if you demonise them (and note what a bashing Sir Fred got for not playing ball.) More people watch the programme if Brown is in it, and Brown will only be in it if you're nice about him. Ergo the programme was nice about him.

History is written by the winners, remember.

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I don't understand. Are you saying that you agree with the almost grotesque pravda-style portrayal of events shown tonight?

I'd like your explanation.

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I'd like your explanation.

The explanation is contained in threads dating back to 2004 (probably before) on this site. Apparently only politicans and 'economists' didn't see it coming. Everyone on HPC was just waiting for it.

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So its all over then? Phew!

For a moment there I thought we'd all been landed with a sh**load of debt, we were printing money like crazy, and rewarding every thick homeowner, moneygrabbing banker and corrupt politician.

So they can start raising interest rates, and destroy all the printed tenners now then?

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So its all over then? Phew!

Wasn't the last scene Mervyn King saying it was NOT over, followed by scenes of an empty factory and tales of 750,000 job losses?

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it did look like an election broadcast for Team Brown & NuLabour, and thats probably exactly what it is, the election is only 2 months or 8 months away.

it was very much an "its all over now, a year on, we can tell you all just how bad it was because its the dim + distant now",

because of course ultra cheap money, lax lending, property and asset bubbles, well they are all in the past now, so the world is safe, phew!

oh hang, on wait a minute... :blink:

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Wasn't the last scene Mervyn King saying it was NOT over, followed by scenes of an empty factory and tales of 750,000 job losses?

oh come on, 56 mins on "how we overcame disaster" and 15 seconds showing woolworths and a few empty spaces, in the tone of voice that said "sh!t happens but its insignifcant and its all past"

Edited by loginandtonic

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They spent most of the show telling us all how we were 'post crisis' and how everything had been fixed by our noble leader Gordon.

Great. Everything's fixed. We're saved!!

Unfortunately for them (and us), the crisis has yet to really get under way.

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Wasn't the last scene Mervyn King saying it was NOT over, followed by scenes of an empty factory and tales of 750,000 job losses?

Do you get irony?

Mervyn King is the only one in the programme who knows that printing money, near zero interest rates, suspending mark to market, and government's backstopping hundreds of billions of pounds of toxic assets might just cause problems of their own.

Brown and Vadera were talking like they made "historic" decisions, that helped us avoid a depression. I would say they've made a depression more likely.

Edited by Khayl

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