Monday, August 13, 2007

A problem, but still not a catastrophe

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I like WRM, he is an old fashioned decent One Nation Tory.... What do you think?

Posted by orwell @ 04:22 PM (688 views)
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18 thoughts on “A problem, but still not a catastrophe

  • Strange article – it reads as if he knows absolutely nothing about the subject but is simply pasting together what others have written – he says nothing really other than describing what has happened recently.

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  • planning4acrash says:

    Orwell, I’m personally under the opinion that Tories cannot be decent, except to their own, by reason of their in-built detachment from the needs and wants of general society and strongly believe that ‘One Nation’ism’ is another way of saying (don’t understand and can’t be bothered to create policies to deal with the specific issues effecting the Welsh, Scots and N.Irish, so they’ll suffer with what suit’s England thankyou very much) rather than it being a sophisiticated policy position, and therefore consider your blurb an oxymoron : )

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  • planning4acrash says:

    But seriously, he summarises what I said in the previous post about Chinese inflation. Once the dust settles, and markets re-adjust to new levels, inflation will remain the beast to be tamed. The liquidity boosts of late were to precipitate an ordered transition to the correction that’s underway so that markets do not undershoot. Banks are injecting liquidity to create an orderly transition in the short-term rather than to maintain liquidity and inflation in the long term.

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  • david20040_0 says:

    So now the stock markets have recovered now inflation will cuase the crash?

    Hmmmm, doubt it considering CPI is dropping.

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  • His basic assertion that the sub-prime problem “is not in itself enough to turn the modern world upside down” is flawed. The work of Paul Ormerod (see his book ‘Why Things Fail’) and others shows that occasionally even small shocks can have catastrophic consequences. Big problems do not require big causes.

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  • planning4acrash says:

    Oh dear David, have you listened to any of the analysis here? Do you believe everything that the government tells you? Last time I saw, CPI was supposed to be below 2% by now and due to start rising slightly. Peversely, the inflation report puts current CPI as a predicted 2% but fails to mention that it is infact at 2.4%. Core inflation up, RPI off the roof, inflationary pressures mounting, but that’s fine Dave, you let the government lullaby you into a nice state of relaxation. There, there.

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  • Albertini Albertino says:

    Tell me, which came more recently, the ‘CPI dropping’ figure, or ‘banks pumping a million dollars into the system’?

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  • planning4acrash says:

    Dave, you are a great mirror for what the masses believe to be the case, provide a taste of what Joe six pack thinks. What really never fails to surprise me is how you, a person who exposes yourself so much to these debates can consistently talk like Joe six pack and discard everything that has previously been discussed. You may be forgetful, you may not be capable of analysing new topics against previous learning, but I think this runs a bit deeper. I have strong suspicions that you are infact Glorious Sunshine and Landlord Association. I reckon you are a vested interest who has been tasked with putting doubts into peoples minds, you could even be a number of people working, posting under the same name, for the vested interest, working in shift, which is most likely given that none of your comments have the context of previous learning and discussion. If that is the case, it is getting a bit boring and I would wish you luck for your cause, but I doubt that there is any.

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  • david20040_0 says:

    I am not Glorious Sunshine or the Landlord Association, how could I be when everyone’s IP is logged and you cannot use more than one name on here.

    I wish I had property, if I did I wouldn’t worry about it so much. If I had a bunch of properties I would be over the moon right now with the amount of money they seem to rise.

    “”you could even be a number of people working, posting under the same name, for the vested interest, working in shift, which is most likely given that none of your comments have the context of previous learning and discussion””

    Dude, you for real, that’s kinda funny but not true.

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  • david20040_0 says:

    “””What really never fails to surprise me is how you, a person who exposes yourself so much to these debates can consistently talk like Joe six pack and discard everything that has previously been discussed.””””

    Joe 6 pack keeps appearing to be right at the moment.

    I read the debates, sure, but they keep seeming to be inaccurate and repetitive.

    For example, the Metro reports house prices to rise 40% you guys knock it say how it will never happen.

    A story appears that house prices have dropped by 0.1% somewhere and it is cherished and seen as amazing and ‘proof’ that the long awaited ‘crash’ is upon us. No questions asked. It is completely one sided.

    As for Glorious Sunshine, he just annoyed me cos he had a load of properties right? That just makes me really jealous to be honest because I wish I could afford one but right now houses prices are rising twice as fast as I can earn it unfortunately.

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  • planning4acrash says:

    The IP things is rediculous, I blog at work and at home, on different computers, under the same name. All you need is the admin password and user name and put in the same e-mail address, and you are away. If I am wrong about you, then your failure to anticipate this obvious reality is an example of how frustratingly simple your posts tend to be. Do you only blog from one computer because you didn’t realise that you could blog from more than one?! Doh!!

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  • planning4acrash says:

    The fact that you believe any unreferenced front page story on the Metro, without applying knowledge from any other source to analyse it summarises why your posts are so frustratingly simple.

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  • david20040_0 says:

    The Metro is read by the masses, nearly everyone on the tube reads it.

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  • planning4acrash says:

    Hitler spoke to the whole nation of Germany, did that make his statements true? Herbal Essence shampoo commercials broadcast to the entire nation, does that mean that shampooing with their product will turn you into a beautiful lady having super excitement in the shower? A toddler shouts louder than their parent, does that make them right?

    David, you are so, so annoying, because your really do think like the masses. A true Sheeple

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  • Why don’t you buy a house, David?

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  • tony marshall says:

    The debate between David2004 and Planning4C highlights the value of the contribution of people like WRM – he may only be relating what he’s read elsewhere, but many more people take note when someone who is considered an ‘elder statesman’ speaks – the vast majority will be unaware that it has all been said before. When enough influential people start to speak the truth (eg WRM’s statement that “This crisis has arisen as a reaction to a more serious disorder of the world’s financial system”), then maybe the lazy journalists at the Metro and elsewhere will put that on their front page instead, then the masses will start to understand the true situation.

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  • David,
    If the prices ( Lets clarify The ASKING PRICE) rose by 0.1%. The actual sales figure will be less than that.
    Which is in the negative area.

    Also by simple maths: Prices only need to come down by 50% to cover for a rise of 100%.
    Meaning something bought got 30 goes up 100% to 60. Now at 60 it only needs to come back by 50% to come back to 30.

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  • planning4acrash says:

    Deepak, ure a genious! That just summarises how vested interests can twist it! So, 1 5% fall is more like covering a 10% rise, can take that logic all the way, simple, but brilliant!

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