C4 The Storm And The Crash

[zzg113]

What a bunch of upper-class t0ssers they've managed to round up for this programme. I can honestly say, hand on heart, that I've found every single interviewee featured on the programme utterly repugnant, except the weather forecasters, funnily enough.

[slater14]

After watching last weeks informative programme. I decided this week instead I would pick hairs and fluff out of my belly button for an hour and see if I could find some social or economic relivance in said bits and pieces....not unlike reading tea leaves.

I shall report back once the g/f stops shouting at me for putting all the bits on her Hello! magazine.

Edited May 16, 2005 by slater14

[dunroamin]

on the contrary. its all new to me so quite interesting.

again, all this stuff passed me by as was too busy discovering the virtues of drinking thunderbird in 1987. (oh - and listening to whitesnake)

[zzg113]

Golddust piece to camera by one Tony Bliar Esquire circa the 1987 crash:

it's the fault of the government for offering tax inducements and sweeteners and pushing the public into this [share issues] pretending that there isn't any downside

Dynamite!!!!

His words will come back to haunt him....

Edited May 16, 2005 by zzg113

[Sledgehead]

A young TB has just been shown commenting on the crash:

Says he thinks it is a lesson that the government should not try to press th epublic into share ownership and floatations by offering inducements when the market can be one big casino and there are risks

Right: what about inducement sinto property then? Plans to create a million more homeowners was it? Reduction of stamp duty? pledges to keep interest rates low? Reduced council tax on second homes. And now SIPPs allowing people to potentially buy property out of untaxed income. That's a f#ck of a lot of inducement to join the property market.

Now let's see how your little casino works Tony.

[Warwickshire Lad]

Goodness me, Channel 4 shows a programme about markets going down as well as up.

A shame they can't carry this new found openness over to their property programmes and the censorship of their website's message boards.

Edited May 16, 2005 by warks_lad

[since the beginning]

A young TB has just been shown commenting on the crash:

Says he thinks it is a lesson that the government should not try to press th epublic into share ownership and floatations by offering inducements when the market can be one big casino and there are risks

Right: what about inducement sinto property then? Plans to create a million more homeowners was it? Reduction of stamp duty? pledges to keep interest rates low? Reduced council tax on second homes. And now SIPPs allowing people to potentially buy property out of untaxed income. That's a f#ck of a lot of inducement to join the property market.

Now let's see how your little casino works Tony.

<{POST_SNAPBACK}>

Beat me too it. It is sickening just shows what getting into power does to people. Either he is stupid and can't see the parallels or just trying to sweep an almost identical scenario under the carpet. twit.

[Sledgehead]

I can honestly say, hand on heart, that I've found every single interviewee featured on the programme utterly repugnant, except the weather forecasters, funnily enough.

<{POST_SNAPBACK}>

I started watching @ 21:40. Did they get batter after that point, or am I to conclude that you'd find me "utterly repugnant".

[zzg113]

or am I to conclude that you'd find me "utterly repugnant".

Well unless you're a horsy-faced "gel" whose parents own a pub in Sevenoaks, a snooty upper-crust windbag named Sophia Swires who astonishingly still has a job with Kleinwort Benson or an incompetent chancellor by the name of Lawson, then no, I doubt it.

Did they get batter after that point

They would have if I'd had anything to do with it....

Edited May 16, 2005 by zzg113

[Loanshark]

Reminds me that ex trader Luke Johnson is now chairman of CH4 so if you have complaints about property investment shows on CH4 maybe you should address them to him as i suspect privately atleast he knows the property market is going to correct downwards.

[Guest Charlie The Tramp]

This coming summer they predict a heatwave during July and August with temperatures hitting 100 degrees fahrenheit. Problems with overheating transformers lead to powercuts. Let hope the global markets don`t drop while the computers go down. Ouch.

Edited May 16, 2005 by Charlie The Tramp

[slater14]

Golddust piece to camera by one Tony Bliar Esquire circa the 1987 crash:

Dynamite!!!!

His words will come back to haunt him....

<{POST_SNAPBACK}>

Did anyone see the little clip classixuk posted?....can you imagine when somebody in TV decides its time to shove Bliar?.....theyre going to do a lovely little paradoy with this lot!

[Sledgehead]

Luke Johnson  is now chairman of CH4 so if you have complaints about property investment shows on CH4 maybe you should address them to him as i suspect privately atleast he knows the property market is going to correct downwards.

<{POST_SNAPBACK}>

I read a "The Maverick" article (his regular spot in the Torygraph) where he bemoaned the demise of real business in favour of propdy. I believe he shares my view that we can't simply get by renting out places to each other and that it is all a rather poor distraction from real commerce (waits for tirade of abuse from singing pig lurkers).

[weezer]

Thought it was an interesting programme as I was too young to take any notice of Black Monday when it happened.

Interesting sound bites from some of the stockbrokers, "The market always went up, we couldn't belive it could go down", "It was a bubble, it was bound to crash"...

[Dilbert]

About 15 minutes before the end, one of the chaps comments to camera stood out to me.

Obviously discussing the stock exchange, however it was when he said ".. by '87 a huge bubble had developed and it was inevitable that there were no buyers left and everyone rushed for the door at the same time and panic set in"

Surely a quotation which could possibly be uttered yet again on another episode in perhaps a couple of years or so. Do we ever learn ??

[Sledgehead]

Well unless you're ...an incompetent chancellor by the name of Lawson

<{POST_SNAPBACK}>

was I that bad?

and to the "batter" thing

[Guest Charlie The Tramp]

was I that bad? 

<{POST_SNAPBACK}>

Not with the BP flotation.

[Dicky]

Another classic quote was, by lunch time we had lost 30 million, nobody was buying just selling, does this sound familar.

[Matt]

Were there any traders who sold before the crash and made a fortune? Shows it can't take too many brains to be a stockbroker. Surely some of the older ones must have been aware of the situation before it hit the fan?

[Dilbert]

About 15 minutes before the end, one of the chaps comments to camera stood out to me.

Obviously discussing the stock exchange, however it was when he said ".. by '87 a huge bubble had developed and it was inevitable that there were no buyers left..... and everyone rushed for the door at the same time and panic set in"

Perhaps one of the most simplest lessons in economic markets, yet one which a lot of people may re-learn once again.

[van hoogstraten]

You'll know when Ch4 finally admit the housing price is upon us when they run one of their specials on a saturday night called "top 10 housing crashes" introduced by Krusty (in suitably ironic & rueful fashion - if she is capable of such)

[Not_a_herd_mentality]

What a bunch of upper-class t0ssers they've managed to round up for this programme. I can honestly say, hand on heart, that I've found every single interviewee featured on the programme utterly repugnant, except the weather forecasters, funnily enough.

<{POST_SNAPBACK}>

Pardon me. I don't think there is a word called as 'repungent'. I haven't checked the dictonary but I think what you meant was 'pungent'. Pungent is a word used for bad smelling gases, especially used for Hydrogen Sulphide (H2S), also means irritate (noun irritation) e.g. I found his behaviour very pungent.

[Not_a_herd_mentality]

Pardon me. I don't think there is a word called as 'repungent'. I haven't checked the dictonary but I think what you meant was 'pungent'. Pungent is a word used for bad smelling gases, especially used for Hydrogen Sulphide (H2S), also means irritate (noun irritation) e.g. I found his behaviour very pungent.

<{POST_SNAPBACK}>

Oops. Just checked the dictonary.

I think you are right but it seems both repugnant and pungent have similar meanings.

[Mushroom]

Too p@ssed to find it, so someone else please find exact quote /source, but something about "mankind doomed to repeat the same mistakes".

Might be from a Greek philosopher.

[doogie]

One of the pundits on the show said that the 1987 stock market crash led in some way to the early 1990s recession.

Is this actually true?

I thought that after the 1987 crash, the chancellor lowered interest rates to bring back confidence to the market, and in doing so inflated a massive house price bubble that burst about 4 years afterwards. Does this sound familiar? (or was my memory of the period addled by copious amounts of snakebite and pills?)