Killer Bunny Posted June 24, 2007 Share Posted June 24, 2007 I repeat NOT gushing!!! Wow!!! Oh, and my posting on his blog. http://www.economicsuk.com/blog/000523.html Quote Link to comment Share on other sites More sharing options...
BandWagon Posted June 24, 2007 Share Posted June 24, 2007 It won't be long before the knives come out for Grodon Brown. But what makes you think rates will reach 8%? Quote Link to comment Share on other sites More sharing options...
Realistbear Posted June 24, 2007 Share Posted June 24, 2007 (edited) I repeat NOT gushing!!! Wow!!!Oh, and my posting on his blog. http://www.economicsuk.com/blog/000523.html Brown's legacy goes down with Great Crash 2. His only "success" has been his successful riding of the biggest credit boom in modern history. However, instead of putting in measures to contain the irrational exuberance he has set this country up for a fall greater in extent than our mirror "miracle economy" across the pond. Brown has done nothing more than to mirror every move made by his counterpart(s) at the Fed who are now learning that Milton Freidman was right about the cost of lunch. To have claimed credit for another man's wisdom prior to its being exposed as folly is foolish pride and we all know what pride leads to. Edited June 24, 2007 by Realistbear Quote Link to comment Share on other sites More sharing options...
It is different this time Posted June 24, 2007 Share Posted June 24, 2007 the variations in growth and inflation rates have been much lower than in the past Why doesn't he question why inflation rates have been much lower? Is he really stupid enough not to see the fact that CPI has been fiddled in order to keep the rates down? Not only has there been no return to boom and bust, but the big economic numbers have exhibited an almost eerie calm I have a problem with this mentality. Is he claiming that there has not been a boom so no risk of bust? or Is he claiming that 'it is different this time' so the soft landing will follow the boom something that has never happened. Amazing journalism! Quote Link to comment Share on other sites More sharing options...
Waiting Patiently Posted June 24, 2007 Share Posted June 24, 2007 David Smith has got it wrong so often I'm surprised the Sunday Times still employs him. Quote Link to comment Share on other sites More sharing options...
lets get it right Posted June 24, 2007 Share Posted June 24, 2007 David Smith has got it wrong so often I'm surprised the Sunday Times still employs him. Journalists are like politicians - no-one holds them to account. If you sound like you know what you are talking about, if your face fits - you get a job. If you talk a load of rubbish - who cares as long as people keep buying the paper. One of the reasons I buy the Telegraph on Saturday is the editor of the financial bit seems to know what he is on about - Ian Cowie I think his name is. I don't read anything owned by Rupert Murdoch or which has dipsticks like Rosie Millard employed. I will not pay to listen to idiots. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted June 24, 2007 Share Posted June 24, 2007 David Smith has got it wrong so often I'm surprised the Sunday Times still employs him. Its a mystery for sure.... I did a league table of chancellors, placing him second to Geoffrey Howe, just ahead of Kenneth Clarke, Nigel Lawson, Norman Lamont and Roy Jenkins. I put him just ahead of Tony Barber, as GB's inflationary boom has lasted longer.. Quote Link to comment Share on other sites More sharing options...
Dr Doom Posted June 24, 2007 Share Posted June 24, 2007 You'll be saying next it is all an international conspiracy. This really is paranoia of the highest order, though it doesn't particularly surprise me, irrational argument of the Private Fraser "We're all doomed" school, and about as far away from economic rationalism as it is possible to be. Anyone that doesn't agree with me is a conspiracy theorist! Pretty weak. Quote Link to comment Share on other sites More sharing options...
Waiting Patiently Posted June 24, 2007 Share Posted June 24, 2007 Anyone that doesn't agree with me is a conspiracy theorist! Smith can't answer FP's perfectly valid points so resorts to puerile name-calling. That's par for the course. Pretty weak. Pathetic, I'd call it. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted June 24, 2007 Author Share Posted June 24, 2007 Why doesn't he question why inflation rates have been much lower? Is he really stupid enough not to see the fact that CPI has been fiddled in order to keep the rates down?I have a problem with this mentality. Is he claiming that there has not been a boom so no risk of bust? or Is he claiming that 'it is different this time' so the soft landing will follow the boom something that has never happened. Amazing journalism! Why don't you ask him on his site? Quote Link to comment Share on other sites More sharing options...
It is different this time Posted June 24, 2007 Share Posted June 24, 2007 Why don't you ask him on his site? Thanks for the advice FP, I did Quote Link to comment Share on other sites More sharing options...
Sinking Feeling Posted June 24, 2007 Share Posted June 24, 2007 It's hard to see how anyone can think that house prices haven't boomed! Quote Link to comment Share on other sites More sharing options...
maffo in oxford Posted June 24, 2007 Share Posted June 24, 2007 Fantastic stuff JD, even a numpty like me can understand your way of expressing economics. Btw, seen you on Sky news too - keep up the good work Quote Link to comment Share on other sites More sharing options...
Waiting Patiently Posted June 24, 2007 Share Posted June 24, 2007 Through his column in the Sunday Times, David Smith has been one of the main cheerleaders for the debt-fuelled, pyramid-selling scam that large parts of the UK economy have become dependant upon in recent years. However, that era, financed by cheap, easily available money, is now ending. A new harsher reality is emerging and Smith's tripe-peddling will be exposed for the unsustainable spin that it is. Let's see if Smith can come up with reasoned replies to the points raised by FP and IIDTT. Personally, I doubt it. David Smith's blog Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted June 25, 2007 Author Share Posted June 25, 2007 Thought I'd bring this fwd for our weekday viewers. enjoy! Quote Link to comment Share on other sites More sharing options...
I Told You So Posted June 25, 2007 Share Posted June 25, 2007 David Smith is a complete an utter joke, how he can give lectures to FP etc is remarkable He predicted a return to 40$ a barrel for oil, IR peak of 5% and that the US property crash was greatly over exaggerated - hes ridiculous. The only thing he can cling onto is that there has not been an HPC here yet but with rising rates and millions coming off low fixed rates in the next 6 months we all know whats around the corner. Hopefully when the HPC is fully under way someone at The Sunday Times will take the bull by the horns and sack his ass. Quote Link to comment Share on other sites More sharing options...
Not Long Now Posted July 7, 2008 Share Posted July 7, 2008 David Smith is a complete an utter joke, how he can give lectures to FP etc is remarkableHe predicted a return to 40$ a barrel for oil, IR peak of 5% and that the US property crash was greatly over exaggerated - hes ridiculous. The only thing he can cling onto is that there has not been an HPC here yet but with rising rates and millions coming off low fixed rates in the next 6 months we all know whats around the corner. Hopefully when the HPC is fully under way someone at The Sunday Times will take the bull by the horns and sack his ass. Completely agree. Has he been sacked yet? Quote Link to comment Share on other sites More sharing options...
Far Out Bear Posted July 7, 2008 Share Posted July 7, 2008 Journalists are like politicians - no-one holds them to account. If you sound like you know what you are talking about, if your face fits - you get a job. If you talk a load of rubbish - who cares as long as people keep buying the paper.One of the reasons I buy the Telegraph on Saturday is the editor of the financial bit seems to know what he is on about - Ian Cowie I think his name is. I don't read anything owned by Rupert Murdoch or which has dipsticks like Rosie Millard employed. I will not pay to listen to idiots. hi ian Quote Link to comment Share on other sites More sharing options...
Umaguma Posted July 8, 2008 Share Posted July 8, 2008 Just been reading that blog - can't belive what a total and utter git David Smith is. I want to punch him, and then punch him again. Quote Link to comment Share on other sites More sharing options...
Not Long Now Posted July 8, 2008 Share Posted July 8, 2008 Just been reading that blog - can't belive what a total and utter git David Smith is. I want to punch him, and then punch him again. Careful - he reads these pages. BTW, nice chippy in Stamford Bridge. Quote Link to comment Share on other sites More sharing options...
Umaguma Posted July 8, 2008 Share Posted July 8, 2008 Careful - he reads these pages.BTW, nice chippy in Stamford Bridge. LOL he can find me in The Swordsman Quote Link to comment Share on other sites More sharing options...
Not Long Now Posted July 8, 2008 Share Posted July 8, 2008 LOL he can find me in The Swordsman I've been there too. Cheap beer...nice place Stamford Bridge (if a little on the quiet side). Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted July 8, 2008 Share Posted July 8, 2008 Just been reading that blog - can't belive what a total and utter git David Smith is. I want to punch him, and then punch him again. FP has certainly had his share of patronising opponents these last two years.Wonder if the likes of Ruth Lea and DS would be so keen on dialogue with him now. Quote Link to comment Share on other sites More sharing options...
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