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Warlord

The Daily Mail and the Cult of Boris Johnson

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BJ is out and about in hard hat and yellow reflective jacket, looking like the David Cameron of old. The only difference is that DC could lay a brick whereas BJ is handed one with the cement already on it.

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3 minutes ago, Speed1987 said:

Hmmm, 

The cons are not going to bankrupt recent FTBs. Before you say, they'll be jobless, they'll just transfer to interest only.

People who own land, are not going to sell it, to be developed on for less than they've paid for it.

Working class trades men, are not going to work for lower wages...? Particularly not after they've, possibly just lost some LTV in their homes or are in debt.

If a recent FTB, used HTB, the goverment are exposed more so, they will not want that FTB to default.

House prices are never coming back to 2002 levels.

Most likely the goverment will create an equity scheme, which will require no servicing of the loan and move existing borrowers onto the same terms.

Or

They will, find a way to subsidize new private housing developments with a new scheme, grants for house builders.

They will offer mortgage tax relief against earnings.

No way on this earth, are they going to allow house prices to fall to 2002 levels and alienate all their past and new voters. That's suicide.

You are giving this way too much thought.  Covid has changed the economy permanently.  Things are not and will never be the way they were.  This resolves all the housing issues, the bubble was always going to burst and Covid was the pin.

it has really made things simple for them, they have a get out clause and it a too good an opportunity to waste.  It won’t be suicide, it was Covid.  You are thinking short time.  Try thinking longer term, which effects countless future generations.

I do think the economy will crash and will re-start with Brexit.  Time will tell.

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59 minutes ago, Speed1987 said:

Keep to context, i was referring to the free money of furlough.

Which is Communism and fantastically inflationary. No tailwind of lower rates with millions more unemployed. Not once have you argued against any of my expectations.

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12 minutes ago, Speed1987 said:

No way on this earth, are they going to allow house prices to fall to 2002 levels and alienate all their past and new voters. That's suicide.

Err.  They're in office till .... 2024?  They've got an enormous amount of political capital to burn through in the meantime, as the latest "oopsies" have demonstrated.

Do explain to me how they could be kicked out of office when a house price crash comes?  Fixed term parliaments. 

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1 hour ago, xxxx said:

I agree, we are heading for a desperation.  And I see double figure interest rates between 5 and 10 years time.

They are likely to try to manage rates low. Irrelevant. They can’t lower them. First time in 60+ years.

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57 minutes ago, Warlord said:

So they want to build 'infrastructure' and centrally plan the economy.

This is nothing new. In fact it was done in the depression in the 1920's i.e The New Deal 

It does nothing for the economy but drain it and misallocate resources and prolongs the recession. 

Keynesian economics does not work and has been debunked over and over. 

1930s. But of course you’re right otherwise. Vast infrastructure spending will be economy positive. Short Medium terms.

Left with much higher debt and crashing currency.

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18 minutes ago, xxxx said:

You are giving this way too much thought.  Covid has changed the economy permanently.  Things are not and will never be the way they were.  This resolves all the housing issues, the bubble was always going to burst and Covid was the pin.

it has really made things simple for them, they have a get out clause and it a too good an opportunity to waste.  It won’t be suicide, it was Covid.  You are thinking short time.  Try thinking longer term, which effects countless future generations.

I do think the economy will crash and will re-start with Brexit.  Time will tell.

That's the illusion Covid19 has given...

That's not based in reality, Covid19 is not a doomsday virus.

Mortality is 0.02% for the majority of the workforce.

We are not talking 50% or even 10%, those most affected are over 70s, often a burden to the state financially, hence the cons letting it rip in nursing homes.

It was the fear of the left, Boris was quite happy to press ahead with herd immunity.

Wether people opt, to give up working or self-employment through inappropriate fear, is there prerogative.

You may find, most, when it bites, return to work or find alternative work... all the infrastructure is still there.

Oh and it is suicide, expect Boris to be assinated, if house prices fall 50%.

You've seen nothing yet with BLM...

Edited by Speed1987

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6 minutes ago, Speed1987 said:

Mortality is 0.02% for the majority of the workforce.

I feel like a broken machine, replying to you.

Mortality isnt the biggest problem here, its the long lasting impacts on the rest of the people who survive.  

"oh look I can cook again, I don't need fast food"

"oh look I have the time to repair x, I don't need to replace it so soon"

"oh look, I have an awesome home cinema setup with a few changes, why spend all that money going to the cinema"

.... and so on.

COVID is forcing people to reflect, and with it comes changes.  Those changes will impact consumption.

See how the USA is doing with their reopened states https://wolfstreet.com/2020/06/16/ecommerce-hit-it-out-the-ballpark-hardware-stores-boom-department-stores-clothing-accessory-stores-restaurants-bars-still-abysmal/

A few have gained, most have plummeted. 

6 minutes ago, Speed1987 said:

It was the fear of the left, Boris was quite happy to press ahead with herd immunity.

Sweden did that - pressed on - https://www.newstatesman.com/world/europe/2020/06/how-sweden-s-herd-immunity-strategy-has-backfired - oh dear, they now regret their choice?

Awaiting your copy and paste rant that "QE will save the day".  Go on.  Treat us.

Edited by blackhole

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8 minutes ago, Speed1987 said:

Oh and it is suicide, expect Boris to be assinated, if house prices fall 50%.

Pretty sure John Major is alive, and he allowed house prices to "fall" and I think in real terms close to 50% between 89-96?  

🤣 

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6 minutes ago, Speed1987 said:

That's the illusion Covid19 has given...

That's not based in reality, Covid19 is not a doomsday virus.

Mortality is 0.02% for the majority of the workforce.

We are not talking 50% or even 10%, those most affected are over 70s, often a burden to the state financially, hence the cons letting it rip in nursing homes.

It was the fear of the left, Boris was quite happy to press ahead with herd immunity.

Wether people opt, to give up working or self-employment through inappropriate fear, is there prerogative.

You may find, most, when it bites, return to work or find alternative work... all the infrastructure is still there.

Oh and it is suicide, expect Boris to be assinated, if house prices fall 50%.

You've seen nothing yet with BLM...

I feel like a broken machine replying to you.

Boris is our hero and will save us with Brexit.  It was unfortunate Covid made house prices crash.

He needs the younger generation in housing to secure votes.  A lot of voters are under 40 and in rented.  Pensioners will be fine, slight pain, but we are all in this together.  
 

He has three and half years to make the changes and turn around this crisis.  The future is his way forward.  The past is the past.

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1 minute ago, blackhole said:

I feel like a broken machine, replying to you.

Mortality isnt the biggest problem here, its the long lasting impacts on the rest of the people who survive.  

"oh look I can cook again, I don't need fast food"

"oh look I have the time to repair x, I don't need to replace it so soon"

"oh look, I have an awesome home cinema setup with a few changes, why spend all that money going to the cinema"

.... and so on.

COVID is forcing people to reflect, and with it comes changes.  Those changes will impact consumption.

Sweden did that - pressed on - https://www.newstatesman.com/world/europe/2020/06/how-sweden-s-herd-immunity-strategy-has-backfired - oh dear, they now regret their choice?

Awaiting your copy and paste rant that "QE will save the day".  Go on.  Treat us.

The problem here is how people view Covid19, manipulated by the media...

The majority are fine with Covid19 and  no long lasting impacts.

You understand that many people, have strokes, heart attacks, cancers, diseases everyday?

The MAJORITY are fine, peoples beliefs about Covid19 are not based in reality. The public knows this, that's why there all marching BLM, on beaches, underground parties. Some even deny it exists.

Yea there may be some shifts in behaviour, but they'll still need to earn money.

The goverment, is just giving it abit of time and slowly passing self-resonability.

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1 minute ago, Speed1987 said:

The problem here is how people view Covid19, manipulated by the media...

The majority are fine with Covid19 and  no long lasting impacts.

You understand that many people, have strokes, heart attacks, cancers, diseases everyday?

The MAJORITY are fine, peoples beliefs about Covid19 are not based in reality. The public knows this, that's why there all marching BLM, on beaches, underground parties. Some even deny it exists.

Yea there may be some shifts in behaviour, but they'll still need to earn money.

The goverment, is just giving it abit of time and slowly passing self-resonability.

Look at the links above.  Real facts from real states that also consider "COVID = hoax".  Many southern states believe its a hoax and yet their sales havent recovered.  OTOH some industries have gained from this.

Do remember before COVID some of these industries were just hanging on by their thin nails.  Apparel / clothing.  Retail in general.  Car sales across the world (hence crazy lease deals to keep them moving).  All of them on a slow decline for years prior to this.

COVID is merely the pin for these industries.  No amount of wanting a job will fix that.

We need real innovation, but as a society we're drunk on easy credit and easy fixes.  There's hard lessons to be learned, which will lead to innovation (eventually), THEN we get growth.  Till then?  ...

Edited by blackhole

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3 minutes ago, xxxx said:

I feel like a broken machine replying to you.

Boris is our hero and will save us with Brexit.  It was unfortunate Covid made house prices crash.

He needs the younger generation in housing to secure votes.  A lot of voters are under 40 and in rented.  Pensioners will be fine, slight pain, but we are all in this together.  
 

He has three and half years to make the changes and turn around this crisis.  The future is his way forward.  The past is the past.

Boris is no hero. Hate to shatter your illusions unless your being sarcastic? If he was honest he would level with the public about the mess we're in and cut government spending and balance the budget. Why doesn't he do this? He is just another big spending, centrally planning  politician who will crash and burn like they all do.  I'm sorry to break it to you. 

He has been in office 6 months? And he's more socialist than Corbyn. He's spending and borrowing MORE ... ironic isnt it when he said  his plans were unaffordable just a few months ago? ( @zugzwang from his perspective likes to point this out and i'm afraid, he is RIGHT!)

Boris is nothing but a fraud.  You will see it soon enough.

 

 

 

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10 minutes ago, blackhole said:

The MAJORITY are fine, peoples beliefs about Covid19 are not based in reality. The public knows this, that's why there all marching BLM, on beaches, underground parties. Some even deny it exists.

Meanwhile, there's an explosion of cases within weeks of BLM, beaches opening etc.... there are side effects to their actions.   It's all over the USA news that certain southern states such as Florida, Texas etc have got a real problem.  

Edited by blackhole

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5 minutes ago, Warlord said:

Boris is no hero. Hate to shatter your illusions unless your being sarcastic? If he was honest he would level with the public about the mess we're in and cut government spending and balance the budget. Why doesn't he do this? He is just another big spending, centrally planning  politician who will crash and burn like they all do.  I'm sorry to break it to you. 

He has been in office 6 months? And he's more socialist than Corbyn. He's spending and borrowing MORE ... ironic isnt it when he said  his plans were unaffordable just a few months ago? ( @zugzwang from his perspective likes to point this out and i'm afraid, he is RIGHT!)

Boris is nothing but a fraud.  You will see it soon enough.

 

 

 

I completely agree with you, they are my thoughts on BJ too.  He is going to save us with Brexit, blame Covid for the past and come out of this crisis a hero.  He will successfully be voted in for another term.

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1 hour ago, Speed1987 said:

Hmmm, 

The cons are not going to bankrupt recent FTBs. Before you say, they'll be jobless, they'll just transfer to interest only.

People who own land, are not going to sell it, to be developed on for less than they've paid for it.

Working class trades men, are not going to work for lower wages...? Particularly not after they've, possibly just lost some LTV in their homes or are in debt.

If a recent FTB, used HTB, the goverment are exposed more so, they will not want that FTB to default.

House prices are never coming back to 2002 levels.

Most likely the goverment will create an equity scheme, which will require no servicing of the loan and move existing borrowers onto the same terms.

Or

They will, find a way to subsidize new private housing developments with a new scheme, grants for house builders.

They will offer mortgage tax relief against earnings.

No way on this earth, are they going to allow house prices to fall to 2002 levels and alienate all their past and new voters. That's suicide.

What happened to all your fancy arguments about how current pricing was fine and all perfectly rational given rents and interest rates? Now you're begging the government to come and save you.

Edited by Dorkins

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22 minutes ago, xxxx said:

I completely agree with you, they are my thoughts on BJ too.  He is going to save us with Brexit, blame Covid for the past and come out of this crisis a hero.  He will successfully be voted in for another term.

lol, don't know about that. 

Maybe stupid people will vote for him again, but they are in the minority in the UK.............oh......wait a minute............I could be wrong there.......

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15 minutes ago, Social Justice League said:

lol, don't know about that. 

Maybe stupid people will vote for him again, but they are in the minority in the UK.............oh......wait a minute............I could be wrong there.......

Exactly.  The same people that flocked to the beach on Friday.  The same people that queue for hours for a McDonald’s.  The people on furlough, who don’t yet realise they no longer have a job.  Yes, those people.

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16 minutes ago, xxxx said:

Exactly.  The same people that flocked to the beach on Friday.  The same people that queue for hours for a McDonald’s.  The people on furlough, who don’t yet realise they no longer have a job.  Yes, those people.

They will vote Labour next time, guaranteed .Boris won't last he's on a path of self-destruction 

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17 minutes ago, xxxx said:

Exactly.  The same people that flocked to the beach on Friday.  The same people that queue for hours for a McDonald’s.  The people on furlough, who don’t yet realise they no longer have a job.  Yes, those people.

What's wrong with people queing for McDonalds in their cars?

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The cheerleading of Boris reminds me of the Blair years where he could do no wrong and look how that turned out.  This time though there wont be a boom like Blair had and 3 General election wins in a row. 

These big spending, status quo politicians never last .Boris will end up out within a few years and consigned to the annals of history,

Unfortunately the other guy is very similar so the pretence and false paradigm continues. We need Proportional Representation to break the stranglehold of the FAILED two party system... I'm convinced it's the only way now having previously not been much of a fan of it.

Edited by Warlord

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7 minutes ago, Shrink Proof said:

Wonder which mistress it was that they Photoshopped out of the picture...

And his belt

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So I go to the website just now to see what's going on and they have this story::


'Spend, spend, spend! Boris Johnson vows NO return to austerity as he says 'nightmare' of coronavirus is an 'opportunity for change' - but Keir Starmer demands a Budget next month'

Looks  to me like their in full on ramper/Boris Cult mode.

And spending (consumption) doesn't actually do anything  to grow the economy so sadly they're peddling more dumb & failed Keynesian economics. 

it really is shocking. to see this kind of behaviour by what used be a right wing newspaper rightly sceptical and suspicious of political leaders.and their promises.

Sigh....

 

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1 hour ago, Warlord said:

So I go to the website just now to see what's going on and they have this story::


'Spend, spend, spend! Boris Johnson vows NO return to austerity as he says 'nightmare' of coronavirus is an 'opportunity for change' - but Keir Starmer demands a Budget next month'

Looks  to me like their in full on ramper/Boris Cult mode.

And spending (consumption) doesn't actually do anything  to grow the economy so sadly they're peddling more dumb & failed Keynesian economics. 

it really is shocking. to see this kind of behaviour by what used be a right wing newspaper rightly sceptical and suspicious of political leaders.and their promises.

Sigh....

 

It is just another indication that the political system is polarised differently to what most people assumed or how it previously was.

The same party, in a very similar situation whereby we have a huge debt to GDP ratio and will soon be seeing a very high deficit due to a global issue:

10 years ago they campaigned blaming Labour for the problems and said they needed to do the opposite, reign in spending, live within our means.

This time it is the opposite, spend, spend, spend our way out of the problem.

And the same people will vote for them.

Democracy is broken, it is just a team sport.

Edited by dugsbody

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  • 399 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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