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Short Term Glory

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It strikes me that every single action from this government and the BoE is designed for the short-term.

The pensions' crisis speaks volumes about how much thought really goes into these policies. Tax the pension dividend today, squander the monies and ruin the lives of pensioners tomorrow.

Immigration policy: open the floodgates today and worry about infrastructure (water supply, schooling) tomorrow. It then dawns on the government that we've run out of water, imported drug/people traffickers and introduced disease epidemics such as Hep B and TB, so retrospective action is called for!

Protectionism: allow foreigners into Britain, train them on-site in technical jobs and let them leave with our British jobs. Government response: we don't support protectionism and it is inevitable jobs will be lost overseas.

Mismanagement: allow corrupt and inept ministers to continue in office for the short-term benefit of Blair, even if it makes the country look foolish.

Bank of England: pretend to be keeping an eye on the long-term but justifies keeping the interest rate on hold because of a downward stockmarket adjustment.

Keep the interest rates artificially low enough so MEW supports the short-term economy but wrecks it long-term. Screw the savers into the dirt and then mention that nobody appears to be saving and force mean's testing on everyone.

There are plenty of other examples of this calculated behaviour which is going to bring this country to its knees shortly; a protracted boom and bust if you like. Without long-term policies which provide proper provisions there really isn't any hope. House price crashes are the least of the problems to come.

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It strikes me that every single action from this government and the BoE is designed for the short-term.

The pensions' crisis speaks volumes about how much thought really goes into these policies. Tax the pension dividend today, squander the monies and ruin the lives of pensioners tomorrow.

Immigration policy: open the floodgates today and worry about infrastructure (water supply, schooling) tomorrow. It then dawns on the government that we've run out of water, imported drug/people traffickers and introduced disease epidemics such as Hep B and TB, so retrospective action is called for!

Protectionism: allow foreigners into Britain, train them on-site in technical jobs and let them leave with our British jobs. Government response: we don't support protectionism and it is inevitable jobs will be lost overseas.

Mismanagement: allow corrupt and inept ministers to continue in office for the short-term benefit of Blair, even if it makes the country look foolish.

Bank of England: pretend to be keeping an eye on the long-term but justifies keeping the interest rate on hold because of a downward stockmarket adjustment.

Keep the interest rates artificially low enough so MEW supports the short-term economy but wrecks it long-term. Screw the savers into the dirt and then mention that nobody appears to be saving and force mean's testing on everyone.

There are plenty of other examples of this calculated behaviour which is going to bring this country to its knees shortly; a protracted boom and bust if you like. Without long-term policies which provide proper provisions there really isn't any hope. House price crashes are the least of the problems to come.

If someone were to ask what is it NuLabour stand for your post would be a good answer. :)

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It strikes me that every single action from this government and the BoE is designed for the short-term.

The pensions' crisis speaks volumes about how much thought really goes into these policies. Tax the pension dividend today, squander the monies and ruin the lives of pensioners tomorrow.

Immigration policy: open the floodgates today and worry about infrastructure (water supply, schooling) tomorrow. It then dawns on the government that we've run out of water, imported drug/people traffickers and introduced disease epidemics such as Hep B and TB, so retrospective action is called for!

Protectionism: allow foreigners into Britain, train them on-site in technical jobs and let them leave with our British jobs. Government response: we don't support protectionism and it is inevitable jobs will be lost overseas.

Mismanagement: allow corrupt and inept ministers to continue in office for the short-term benefit of Blair, even if it makes the country look foolish.

Bank of England: pretend to be keeping an eye on the long-term but justifies keeping the interest rate on hold because of a downward stockmarket adjustment.

Keep the interest rates artificially low enough so MEW supports the short-term economy but wrecks it long-term. Screw the savers into the dirt and then mention that nobody appears to be saving and force mean's testing on everyone.

There are plenty of other examples of this calculated behaviour which is going to bring this country to its knees shortly; a protracted boom and bust if you like. Without long-term policies which provide proper provisions there really isn't any hope. House price crashes are the least of the problems to come.

Thanks for the above post.My feelings nicely summed up.

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Did the MPC really say that about the stock market?

If so that is a bit inconsistent. They apparently are ignoring house price increases as it is an "asset" and they don't want to be targetting asset inflation.

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Did the MPC really say that about the stock market?

If so that is a bit inconsistent. They apparently are ignoring house price increases as it is an "asset" and they don't want to be targetting asset inflation.

I think the stockmarket was mentioned as a reason last month.

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Well, that's democracy for you.

A monarch at least has an incentive to think long term because their kids will inherit the country when they die, assuming they don't do anything beforehand that annoys the population enough to cause a revolt and get them beheaded. A democratic politician has little incentive to think beyond the next election, because they may well be kicked out.

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  • 301 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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