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Guest Charlie The Tramp

Panorama

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Why are they are not touching on DEBT!!!

Im starting to think FECK IT just borrow and if you can pay it - just borrow more!!!!

If it goes wrong just FECK OFF to a bar in Spain

CRIME is the answer - lets all rob banks and disappear!

At least if you get caught youll have a roof over your head in the local prison

DEBT IS GOOD - HONEST

BTW Love the new quick edit feature!

Edited by teddyboy

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Not a bad analysis.

In short - UK growth over past 8 years driven by 1) consumer spending, enabled by cheap imports and debt, and 2) public spending.

Take those away and what have you got?

Zilch, as private investment has slowed dramatically.

It was obviously made for Joe Public who knows next to nothing about these sorts of things, but pretty good.

Ed Balls - the new hpc.co.uk hate figure, what a spinmeister...

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Rather unfocussed, seemed to jump from pillar to post.

Yeah. You could see Ed Balls fighting his academic urge to be honest and remembering to talk things up like a good boy.

My girlfriend was bricking it watching that - I've been going on about it for ages, but now it's on telly she's really worried.

I liked that couple: "we just want to live life to the full. We're not bothered if we get in trouble later, we'll just borrow against the house!" - yeah, living life to the full = working more and more years in a prison to pay off debt...

Sha'mone!

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I know that pillock was coming out with some right clap-trap. I liked how they sorta countered him with clarke, but then i don't think clarke was landing any real punches.

Edited by dapperdave

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I thought it was reasonably bearish on certain areas...the language and analysis was kept fairly simple, which I didn't think really did Panorama justice (unless it has dumbed down a lot since I last watched it), but she did at least point out the main problems with our economy - hollowed-out manufacturing, too much consumer debt, too many public sector workers etc. I was nice to see Uncle Ken talking some good sense (without being sensationalist or point-scoring...very moderated and sensible, which is what I expect from a solid bloke like Ken :) ), and all in all I thought it was OK. Remember that the level of bearishness on this site is much more than is acceptable to the mainstream.

Basically she was quite fit, and her bum looked pretty good on that bike.

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You can tell when he's lying because he stretches his eyes open to stop him blinking.

Manufacturing recovery - ha ha, NL couldn't have kicked manufacturing in the nuts more - most of it is totally stuffed as far as making anything in the UK now.

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Balls really ducked the question about the proportion of people working for the public sector t'up north - 60%!!! Crikey...

His response was so New Labour, "I don't think people in the North feel it's like Hungary". Err, they will do mate when the money runs out!

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wishy.. washy...

I have never described anything as wishy washy.. but that was..

Well wishy washy..

With the chair of the Dixons group sounding like he wants to cry and each interview..

With everyone from next to debenhams.. all having an embolisim..

Slow down? of a cliff..

and consumer debt...? it didn't seem to suggest at any point that this had reached such levels that people can no longer pay it back..

We have had to wait for the economy to collapse.. to do the right thing..

Still it did give us a case for higher interst rates.. personally.. if they went up to 9% I would have a party...

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Guest wrongmove
Not a bad analysis.

In short - UK growth over past 8 years driven by 1) consumer spending, enabled by cheap imports and debt, and 2) public spending.

Take those away and what have you got?

Zilch, as private investment has slowed dramatically.

It was obviously made for Joe Public who knows next to nothing about these sorts of things, but pretty good.

Ed Balls - the new hpc.co.uk hate figure, what a spinmeister...

I agree with this analysis of the analysis. I didn't find a single positive about the future of the economy. It was quite understated, perhaps, but that is to be expected - disaster hasn't happened yet.

Ed Balls was totally unconvincing, and there were a few good soundbites:

"public sector creaming off the talent", "public sector as big as Hungary - before the wall came down", "you can only outsouce once", to quote a few

Edited by wrongmove

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Style over substance losing the story in the natty camerawork and boots on a bike fetish IMPO.

Also, it was sadly, IMPO, typical journo TV with journo fascinated by boring grey politicians. The programme would have had more weight if it had spoken to economists and not the, yaaaaaaaaaaaaaaaaaawn, boring labour and tory talking heads.

I would guess most memebers of the public would have switched over or off within 5 minutes of it starting. I wanted to watch it but got bored about 35 minutes in and swapped channels to watch a classic Southpark episode.

Someone should email this url to Panorama.

Basically she was quite fit, and her bum looked pretty good on that bike.

I have no doubt that she will go far.

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I thought it was reasonably bearish on certain areas...the language and analysis was kept fairly simple, which I didn't think really did Panorama justice (unless it has dumbed down a lot since I last watched it), but she did at least point out the main problems with our economy - hollowed-out manufacturing, too much consumer debt, too many public sector workers etc. I was nice to see Uncle Ken talking some good sense (without being sensationalist or point-scoring...very moderated and sensible, which is what I expect from a solid bloke like Ken :) ), and all in all I thought it was OK. Remember that the level of bearishness on this site is much more than is acceptable to the mainstream.

Basically she was quite fit, and her bum looked pretty good on that bike.

Bide your time gents....

The newspaper headlines of tommorrow:

"Crash Gordon"

"Another Ball's up"

I don't believe we will have to wait too long for these either considering the amount of us currently cutting each others lawns. ;-)

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oh yes, and Ed Balls...well his name really says it all really. What an evasive, slimy, duplicitous, deceitful little shit - either he is stupid in which case oh dear he has been running our economy :blink: , or he ls lying to us, in which case oh dear he has been running our economy :blink: .

either way...oh dear. :blink::blink::blink:

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Balls really ducked the question about the proportion of people working for the public sector t'up north - 60%!!! Crikey...

His response was so New Labour, "I don't think people in the North feel it's like Hungary". Err, they will do mate when the money runs out!

Yep. I'm the only one I know in my group of friends that works in the private sector.

Funny how you can get a tax credit, free child care and a job with the government! Grazy train or what? Sod the insurance industry, I'm off to work for the council.

:huh:

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If this show had been aired two years ago it would have been good. However, with a major collapse of the pyramid scheme looming over the next year or two, the tone seemed rather 'mild'.

How is it that the media is now set on 'taking down' Gordon Brown? They could have made the same criticisms just as loudly at any time since 1997. Have the world's superich decided to walk away from the casino and cash in their chips, and now want a recession so they can buy back in cheap?

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In short - UK growth over past 8 years driven by 1) consumer spending, enabled by cheap imports and debt, and 2) public spending.

Take those away and what have you got?

Zilch, as private investment has slowed dramatically.

Consumer spending accounts for around 70% of economic activity.The balance is made up from company spending, goverment spending, and exports.

Exports may be able to take up the slack, but we're going to have to have much lower Sterling, and along with that higher inflation and interest rates.

Just what the housing market needs right now.

My money's on a Sterling crisis.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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