Saturday, Nov 21, 2009

Depth of recession unexpected

The Times: Treasury hits at hysteria

Treasury officials have dismissed what they describe as hysteria over government borrowing...

Posted by devo @ 10:32 PM (1590 views)
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1. devo said...

Anyway. I'm told they had to eat testicles on 'I'm a Celebrity' tonight.

Saturday, November 21, 2009 10:35PM Report Comment

2. devo said...

'Forward, the Light Brigade!
Charge for the guns' he said:
Into the valley of Death
Rode the six hundred.

Saturday, November 21, 2009 10:40PM Report Comment

3. novice pete said...

welcome aboard the ship of fools

Sunday, November 22, 2009 12:02AM Report Comment

4. markj69 str05 said...

O God, O God, how weary, stale, flat, and unprofitable seem to me all the uses of this world!

Sunday, November 22, 2009 12:46AM Report Comment

5. alan said...

Stop worrying, the government have found another way of keeping house prices up.

In Scotland, £200m will be spent buying up empty homes (front page Sunday Herald today). wait till the scheme gets expanded in England.....

Sunday, November 22, 2009 09:28AM Report Comment

6. Ndg said...

Pitchfork sales are well up, I hear.

Government borrowing. Borrowing = not having enough required funding for the here and now and so taking an advance from anticipated finance from the future. Government borrowing. Borrowing. How does this really work? Does this really work?

Elected government? Was this really the deal? Is this what you vote for? "Was it for this that daddy died".

The media seems reluctant, or perhaps ignorant, to the reality of this crisis. How strange. An uninformed press? Or; a well informed press with limited intention of telling the truth.

Pitchfork sales are up I hear.

Sunday, November 22, 2009 09:42AM Report Comment

7. estrader said...

@5, There aren't any empty homes in England, you know...the supply and demand thing...all houses are filled to the rafters with people...

Sunday, November 22, 2009 10:25AM Report Comment

8. Crunchy said...

5. alan said..."Stop worrying, the government have found another way of keeping house prices up."

I have already warned of this. Discounded social/repo housing courtesy of banks without the need to build substandard prefabs and thus

heaven forbid increase supply. Funding? Government/banks/taxpayers & housing associations. (whatever it takes.)

FTBers will not see many of these cheap properties come to market.

Sunday, November 22, 2009 02:19PM Report Comment

9. icarus said...

@4 - from the same play:

Neither a borrower or a lender be:
for loan oft loses both itself and friend;
and borrowing dulls the edge of husbandry

Sunday, November 22, 2009 03:24PM Report Comment

10. icarus said...

"nor", not "or".

Sunday, November 22, 2009 03:25PM Report Comment

11. Hyrax said...

Next... a house scrappage scheme....

Sunday, November 22, 2009 06:02PM Report Comment

12. jonny parker said...

Hyrex @ 11

If only!

How old does your house have to be? - mines gonna be 130 soon - do I get a bonus for every decade past 10?

Sunday, November 22, 2009 11:13PM Report Comment

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