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TheCountOfNowhere

Budget 2010

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In retrospect....this is hilarious

http://www.telegraph.co.uk/finance/budget/7846849/Budget-2010-Full-text-of-George-Osbornes-statement.html

"these reforms will help rebalance the economy away from household debt and government consumption"

Were they just lying or stupid ?

Does anyone see a re balanced economy ?

The re balanced economy in pictures

balance.jpg

post-10812-0-34002400-1453192105_thumb.jpg

Edited by TheCountOfNowhere

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2011 Davelie Camoron no housing bubble...

Mr Cameron said: "Where we are today, house prices are still way below the peak they reached in 2007. Forecasters do not think they will get back to the level before the crash even in 2019. So there is no evidence of a problem.

"Nationally, excluding London and the South East, house prices are up just 3 per cent over the last year. I think there are some people who are rather London-centric about this."

http://www.channel4.com/news/cameron-denies-help-to-buy-fuelling-housing-bubble-house-price

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2011 Davelie Camoron no housing bubble...

Crazy, trying to measure prices against a bank/economy destroying bubble level.

These people are either very very clever or very very stupid.

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Crazy, trying to measure prices against a bank/economy destroying bubble level.

These people are either very very clever or very very stupid.

They're just saying what the majority of their voters want to hear. Politics is always thus.

But you're right about their choice of baseline - It would be bad enough to measure prices at a rolling 10 year level (inflation adjusted), but to identify the peak of a bubble as the price we're aiming for is crazy.

But then, of course, they're not trying to tell me what I want to hear.

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They're just saying what the majority of their voters want to hear. Politics is always thus.

But you're right about their choice of baseline - It would be bad enough to measure prices at a rolling 10 year level (inflation adjusted), but to identify the peak of a bubble as the price we're aiming for is crazy.

But then, of course, they're not trying to tell me what I want to hear.

But of course. Cameron and Osborne are employed by the City of London to represent City interests first and foremost. Should they fail in that duty they'll be promptly replaced.

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But of course. Cameron and Osborne are employed by the City of London to represent City interests first and foremost. Should they fail in that duty they'll be promptly replaced.

It would appear they have a london centric focus.....

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