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Danny Strikes Again

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Danny Blanchflower @D_Blanchflower

Anyone arguing to raise rates right now cares not about unemployment or about the young who are being hit hardest by austerity - heartless

18 minutes ago

https://twitter.com/intent/user?screen_name=D_Blanchflower

that's precisely why it's going to happen

...and that's also precisely why their heads are going to be adorning numerous spikes come the backlash.

nice try with the smoke and mirrors blaming it all on the muslims, but it ain't gonna wash......the mad mullahs are puppets,nothing more.

...what's more tha mad mullahs are yet to realise they are being set up as patsies.......when they do it's going to get interesting........both rome and the marxists in their eyes are "kaffirs"

...they won't take at all kndly to the fact that both of the above parties are using them.....one for the extermination of "heretics",the other for the extermination of christendom as a whole.

I spy a feud.

(what' you don't think artificially high house prices was a de-population by stealth exercise?????...don't be so feckin naive!)

if there was something in the bible that sums up this mess, it's probably something like psalm 83/obadiah

...and it doesn't bode well for those who've been stealing from us.

Edited by oracle

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The young today are victims of decisions made a decade ago... or to be more accurate, BoE rate cuts in 2005.

Edited by Snagger

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Danny Blanchflower @D_Blanchflower

Anyone arguing to raise rates right now cares not about unemployment or about the young who are being hit hardest by austerity - heartless

18 minutes ago

https://twitter.com/...=D_Blanchflower

what austerity...do they mean the deficit isnt increasing as much....or do they mean the deficit looks like its stable, forgetting the family jewels sales earlier this year and next year can go hang?

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Danny Blanchflower @D_Blanchflower

Anyone arguing to raise rates right now cares not about unemployment or about the young who are being hit hardest by austerity - heartless

18 minutes ago

https://twitter.com/...=D_Blanchflower

Interesting. So it's the fault of those of us who feel that replacing a credit bubble that ended in a taxpayer bailout with another credit bubble might not be a smart idea.

Now whose taxes will end up paying for the bailout, or indeed the next one? It would be unfortunate if it was largely the young generation he is so concerned about.

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High interest rates favour the highly indebted and those that lent to the highly indebted.....the rest pay the price, up until those that took on more than they could chew have nothing left to chew on. ;)

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Classic. He's given up on any semblance of objectivity and resorted to playing on peoples emotions. Getting desperate now. :lol:

Can the twitterererers please point this out to this buffoon. (I see your emotional blackmail Danny, and raise you an ad hominem. You *****)

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Not quite sure how low down the pyramid Danny B goes this time...

Calling your opponents heartless seems like a simple ad hominem.

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Danny Blanchflower @D_Blanchflower

Anyone arguing to raise rates right now cares not about unemployment or about the young who are being hit hardest by austerity - heartless

18 minutes ago

The young have less debt. The smart young have saved. The young coming though would be better positioned to advance in life if higher interest rates shook out zombie businesses run by older people, allowing them to be taken over solvent people with new ideas. Some disruption in the process, with unemployment and pressure on pay, but eventual recovery in younger hands.

Also forcing house prices to crash from the ridiculous heights they've been inflated up to, making them more affordable to young people.

Keep on pushing the policies which hurt younger people the most Danny, and which protect older people, especially those who've taken on too much debt.

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The young have less debt. The smart young have saved.

Right now I feel the smartest move would have been to run up loads of credit cards, buying all the motorbike, fitness gear, fine foods and cigars I could handle, and then going bankrupt.

Seriously. I'd be in about the same position, especially if I'd swapped the savings for kruggerands before the binge spending.

Edited by chronyx

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Calling your opponents heartless seems like a simple ad hominem.

indeed, he is advocating control over rates, as opposed to supply and demand ( Market) deciding on the price of debt.

clearly, control means heart, uncontrolled and free means none.

Im surprised he cares so much about my wellbeing sufficiently to curtail my life with controls.

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The young have less debt. The smart young have saved. The young coming though would be better positioned to advance in life if higher interest rates shook out zombie businesses run by older people, allowing them to be taken over solvent people with new ideas. Some disruption in the process, with unemployment and pressure on pay, but eventual recovery in younger hands.

Also forcing house prices to crash from the ridiculous heights they've been inflated up to, making them more affordable to young people.

Keep on pushing the policies which hurt younger people the most Danny, and which protect older people, especially those who've taken on too much debt.

Absolutely right! Blanchflower talks trash if he thinks that a medicine which hurts might be bad for you - he has it so wrong. Sadly there are too many who think absurdly low rates actually help when they are actually causing long term distortions which will hurt much more.

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It's a daft argument.

Anyone can make a case for any section of the population on that basis and still justify the current crazy policies but it seems to be more politics of division and diverting attention from the actual policy to benefit themselves and the mainly corporate VIs and suchlike.

If concerned about heartlessness applied to the young there are plenty of other examples that are currently policy and that they seem to have no intention of changing. In fact it's possible to find examples applied to various degrees right through every age group.

Edited by billybong

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  • 242 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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