Wednesday, February 27, 2008

A quiet voice of wisdom

Gordon Brown's long boom ending with recession is a real possibility

"Since then debt and house prices have inflated enormously to levels which, in relation to income, are now the most extreme in the developed world. The bubble is now bursting. Forward markets tell us that house prices are likely to fall 10pc on average this year. Serious people anticipate a 30pc to 40pc correction over the next few years." Is there a more level-headed and wise politician than Vince Cable? A breath of fresh air between the lamentable inanities coming from the Govt.

Posted by letthemfall @ 10:48 AM (1105 views)
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8 thoughts on “A quiet voice of wisdom

  • Its Coming Soon. . . says:

    Excellent article – at last a politician who hasn’t got his head buried in the sand.

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  • japanese uncle says:

    Had he voiced it circa 2000, I would really not have spared praise.

    What he is doing currently is simply accelerating the collapse of the bubble, to whose advantage I don’t know.

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  • I agree. Between them, Vince Cable and Norman Baker are starting to put Libdems back on the political map. There’s still a long way to go though …

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  • Not sure anything anyone says accelerates collapse of bubble, japanese uncle, or it would have kept going down in 2005. These things tend to have their own momentum. But you never know. Altogether now ….

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  • mark wadsworth says:

    Japanese Uncle, Vince C has been saying this for a lot longer than anybody else (but not as far back as 2000 AFAIAA), it’s just that nobody listened to him before. Better late than never.

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  • japanese uncle says:

    To me he looks like a man hanging on to a man hanging himself. And during the past three years, C. Kennedy M. Oaten, S. Hughes were backstabbed, buried and replaced by the ex-investment bankers and the like. I believe Vince C is far more powerful than he looks as I recall that when C. Kennedy was politically slaughtered, Ch4 or Ch5 reported none but this gentleman as the man behind the coup against Kennedy, despite the official line in whcih Sir Ming was named as the main character. The news was quickly silenced and never to be heard again.

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  • paul said:
    >>I agree. Between them, Vince Cable and Norman Baker are starting to put Libdems back on the political map. There’s still a long way to go though …

    And I’m going to agree too! I’ve heard sense spoken from the LibDems just lately. Economy aside, Labour have some tough times ahead. The election is currently some way off but I’ll wager a full five pounds that senior Labour party members when realising Brown will lead then to an election failure will rightly bottle it and Brown will be subject of a leadership coup.

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  • A lib dem with balls?

    Certainly seems like it…..the party seems quite weak, previously, in comparison. Kennedy & Campbell were pretty useless and ineffectual – in many ways – the new leader is letting people speak up and as a result the party seems more self confident.

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