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Greenspan: " It Will All Be Over By Christmas " (not)

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http://www.telegraph.co.uk/news/newstopics...st-debacle.html

Slowly, the endless misjudgement all starts making sense...

Isn't this the case of one discredited economic miracle worker giving advice to another DEMW?

It's difficult to see any kind of improvement in the economy over the next six month.....easy to see things getting a lot worse though.

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At least we won.

something of a phyrric victory old bean, and only setting the stall for a blockbusting sequel eh what?

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Guest anorthosite
all over by xmas? hmm, that rings a bell...

This whole damn mess is like the outbreak of the first world war. Anyone familiar with the concept of generals fighting the last war? Its pretty much what caused the leaders to start the first world war with the assumption it'd be over by Xmas.

The Guns of August by Barbara Tuchman (about the events leading up to and the first month of the first world war) is a truly brilliant explaination of this, and the similarities to the current economical situation are interesting. The economists & government are managing the last economic cycle.

The whole "over by Xmas" comment just brings it home!

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all over by xmas? hmm, that rings a bell...

are you calling Field Marshall Haig a liar.

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Alan Greenspan, the former head of the American Federal Reserve, is understood to have privately advised the Prime Minister that the economy is likely to start picking up in about six months.

Remind me when the US election is?

That will certainly be over by then. Past 6 months Greenshite won't give a damn until the next election.

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So Brown doesn't realise that Greenspan's low interest rate solution to everything is largely responsible for the mess Brown now finds himself in? He taking advice from the guy who created the problem in the first place- comical stuff.

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This whole damn mess is like the outbreak of the first world war. Anyone familiar with the concept of generals fighting the last war? Its pretty much what caused the leaders to start the first world war with the assumption it'd be over by Xmas.

The Guns of August by Barbara Tuchman (about the events leading up to and the first month of the first world war) is a truly brilliant explaination of this, and the similarities to the current economical situation are interesting. The economists & government are managing the last economic cycle.

The whole "over by Xmas" comment just brings it home!

On that basis is Alan Greenspan the first ever recorded American business figure to make a genuinely dry and ironic comment that has been misinterpreted as his face value opinion? (I guess we all miss it because he doesn't add 'not' at the end aka 'Friends')

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http://www.telegraph.co.uk/news/newstopics...st-debacle.html

Slowly, the endless misjudgement all starts making sense...

When they say, "it will all be over by Christmas", I take it you mean for the Labour party. They just don't get

it. The sad cases think it's all about house and oil prices but it's deeper than that. It's all about flooding the

country with cheap migrants in order to suppress wage inflation. They really think people will be happy to

work for less than they were getting 2 to 3 years ago. Labour are dead and buried.

Edited by time 2 raise interest rates

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He probably means that the troubles in the banking sector will be over by xmas. All Brown has to do now is pass a housing bill similar to the one pass yesterday by the US senate - privatise profits, socialise losses and all that. Shift the pain to the taxpayer. Stuff sterling. Lower the standard of living across the board to keep the smoke and mirrors financial system alive. Draw out the pain for a few more years until the people of the US and UK have had enough, pick up their pitchforks and march on the politicians.

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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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