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Britain Is Booming

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Yes Fraser Nelson has been drinking the Kool Aid.

http://blogs.spectator.co.uk/fraser-nelson/2013/11/sorry-ed-but-britain-is-now-booming/

Screen-Shot-2013-11-05-at-11.23.31.png

Final paragraph..

The only snag to all this is that Osborne is still borrowing like a drunken Keynsian (£3,200 per second) and that the British economy is still being fed the steroids of underpriced credit. The test of Osborne’s recovery will be if things are still going well when rates get back to normal.

Indeed, with such a recovereh I can't see how they can justify current low interest rates.

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Justification of interest rates has nothing to do with it. May 2015 is all that matters and if interest rates rise then mortgage rates will rise which will affect hard-pressedworking families, Cameron is forever going on about low mortgages rates.

Sorry hard-pressed is labour whereas hard-working is conservative

It's a year too early, though.

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They'll have to tweak the stats a bit more because the actual GDP doesn't confirm the PMIs chart. Not yet at any rate no matter what they might be predicting and for sure they're going into hype overdrive with their predictions.

Apart from elections they've also got the Christmas retail figures to think about and to try to convince people that things are on the up to try to con them to buy (Con to Buy).

They even went in early with the annual worst winter ever prediction (and snow starting in November) - to try to give an early boost to anti freeze, heater, wooly jumper, heavy overcoat sales etc.

Edited by billybong

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http://

www.thedailymash.co.uk/news/business/corporate-marketing-tool-to-warm-morons-hearts-2013110881018

Corporate marketing tool to warm morons' hearts

IMBECILES around the UK are preparing to be enchanted by an advert for a big shop.

John Lewis’s seasonal emotion-manipulator debuts on TV this Saturday. It is ostensibly about friendship despite its actual message of ‘purchase objects’.

...

...

“It’s a nice, warm thing to have my feelings expertly puppeteered by a large company.”

Edited by billybong

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Only 18 months to keep the charade going, another give away, some property price increases and George believes the election is in the bag.

Across the electorate though, immigration is the main concern, because that underpins things like can you get a job to even have a mortgage?

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Across the electorate though, immigration is the main concern, because that underpins things like can you get a job to even have a mortgage?

It is, but on election day the choice will be more coalition or registering a protest vote with UKIP and risk giving Ed Balls the credit cards back.

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It is, but on election day the choice will be more coalition or registering a protest vote with UKIP and risk giving Ed Balls the credit cards back.

Given that the Tories are being soundly trounced in the polls it looks like Osborne will have to fall back on the other tried and tested election strategy: tax cuts for the rich!

Bankstas paradise

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The Tories seem to be placing their faith in the fact that their trickle down theories have such a high mind share with the public that Milliband's tawdry appeal to the reality of their growing poverty will be swept away on a tide of support for the rightness of the neo liberal cause.

Personally I have my doubts- persuasive as the laffer curve is it will not be enough if people's wages continue to decline relative to their living costs- they may take the pragmatic view that the Tories claims to have got the macro right does jack sh*t for them and their families- at which point it's game over for the blue team.

I keep hearing Tories repeat the mantra that the solution is not a 'living wage' but higher productivity- and that might have been true in the past. But what happens if the gains from that 'higher productivity' do not any longer 'trickle down' to the great unwashed, but simply bloat the wealth of the already wealthy?

To this question there is no obvious answer. Milliband may be wrong on the engineering- but he is right on the politics.

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The Tories seem to be placing their faith in the fact that their trickle down theories have such a high mind share with the public that Milliband's tawdry appeal to the reality of their growing poverty will be swept away on a tide of support for the rightness of the neo liberal cause.

Personally I have my doubts- persuasive as the laffer curve is it will not be enough if people's wages continue to decline relative to their living costs- they may take the pragmatic view that the Tories claims to have got the macro right does jack sh*t for them and their families- at which point it's game over for the blue team.

I keep hearing Tories repeat the mantra that the solution is not a 'living wage' but higher productivity- and that might have been true in the past. But what happens if the gains from that 'higher productivity' do not any longer 'trickle down' to the great unwashed, but simply bloat the wealth of the already wealthy?

To this question there is no obvious answer. Milliband may be wrong on the engineering- but he is right on the politics.

A precise assessment.

The consequences? I reckon Lib Dems will surge, because anyone voting Lib/Con will be ridiculed. Milliband has played a surprisingly strong hand, but the English love ridicule.

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Given that the Tories are being soundly trounced in the polls it looks like Osborne will have to fall back on the other tried and tested election strategy: tax cuts for the rich!

Bankstas paradise

Yup. Tories dont have a snowballs chance.

A few things.

1. UKIP will mop up the right wing tory vote. The Tory base and membership has deserted them since cameron

2. Many Lib dem voters will return to labour

3. Labour dont have the vile gordon brown to repel voters, just the invisible miliband.

4. Tories couldnt even manage an outright victory in 2010 despite brown, 13 years of labour lies and the economy being in the shitter.

turnout will be the most interesting. Will voters just not bother (not sure I will, none of them are worth my vote) or will it be a repeat of 1992 as nonetheless, many turnout out of fear of Balls, a bit like fear of kinnock back in 92.

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Yup. Tories dont have a snowballs chance.

A few things.

1. UKIP will mop up the right wing tory vote. The Tory base and membership has deserted them since cameron

2. Many Lib dem voters will return to labour

3. Labour dont have the vile gordon brown to repel voters, just the invisible miliband.

4. Tories couldnt even manage an outright victory in 2010 despite brown, 13 years of labour lies and the economy being in the shitter.

turnout will be the most interesting. Will voters just not bother (not sure I will, none of them are worth my vote) or will it be a repeat of 1992 as nonetheless, many turnout out of fear of Balls, a bit like fear of kinnock back in 92.

I think UKIP has a three fold advantage for the following

1) The new protest vote-Liberals will lose out.

2) The average voter can see that the Lib Lab and Con are all the same as they are just puppets to the EU's bidding and

3) UKIP will be considered to be a viable alternative, especially after they do well in the MEP elections next year, and they are the only alternative to get us out of the EU, something I think most of the UK wants..

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Personally I have my doubts- persuasive as the laffer curve is it will not be enough if people's wages continue to decline relative to their living costs

Even if the laffer curve has any basis in reality, we are still at a point where the wealthy have acquired more of the overall pot that at any point in the last 50 years afaict. I could stomach that if all boats were rising, but that isn't the case. Their wealth is our unsupportable debt.

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Even if the laffer curve has any basis in reality, we are still at a point where the wealthy have acquired more of the overall pot that at any point in the last 50 years afaict. I could stomach that if all boats were rising, but that isn't the case. Their wealth is our unsupportable debt.

What was interesting when Milliband proposed his freeze on energy prices and the Tories started ringing the 'socialist' warning bell was that nobody came running with the pitchforks and the torches. You would think that this would a fairly large slab of writing on the wall for the neo liberal wing of the conservatives- but no- they seem to want to double down on their bet that showering wealth on the wealthy will eventually be proved to be the right way to raise the living standards of the rest of us.

The problem is that it's hard to stomach a man preaching about the rising tide that lifts all boats if the boat you are sitting in is slowly sinking.

Edited by wonderpup

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