news & politics:discussion

[lost]

7 minutes ago, fraybentos1 said:

Let's hope they fall by shit loads then.

 

It would be fantastic for young people but I think we are more likely to see another 2008 where they raise until something breaks and then believe they have to reinflate the bubble again to avoid a depression.

I think prices bottomed at something like 2.7 times average incomes in 1996/7. As you pointed out, labour took prices out of the inflation index in the 2000's and really if they'd kept them in and tried to keep them at between 3 and 4 times average earnings we wouldn't be in this mess. Sadly I think governments will just keep reinflating and kicking the can down the road.

[Guest]

Classic Tory tactic is to engage in ‘whataboutery’ and try to shift the blame to another party. 

[fraybentos1]

2 minutes ago, lost said:

It would be fantastic for young people but I think we are more likely to see another 2008 where they raise until something breaks and then believe they have to reinflate the bubble again to avoid a depression.

I think prices bottomed at something like 2.7 times average incomes in 1996/7. As you pointed out, labour took prices out of the inflation index in the 2000's and really if they'd kept them in and tried to keep them at between 3 and 4 times average earnings we wouldn't be in this mess. Sadly I think governments will just keep reinflating and kicking the can down the road.

The issues we are seeing now are in no small part still cause of 2008. 

I get what you are saying but I am not sure they can do too much without fuelling inflation more. Back in 2008 inflation wasn't at 10% or close so dropping interest rates to near 0 and massive quantitative easing could and did happen. QE is being actively reversed at the moment and the BoE needs to tame inflation and the only lever they really have for that is keeping interest rates high

[lost]

12 minutes ago, fraybentos1 said:

The issues we are seeing now are in no small part still cause of 2008. 

I get what you are saying but I am not sure they can do too much without fuelling inflation more. Back in 2008 inflation wasn't at 10% or close so dropping interest rates to near 0 and massive quantitative easing could and did happen. QE is being actively reversed at the moment and the BoE needs to tame inflation and the only lever they really have for that is keeping interest rates high

I think we will see something similar to what we've just had regarding the UK bond market nearly blowing pensions up, targeted QE. We've just had the strange situation of new QE and rising interest rates at the same time so central banks appear to believe they can still prop up one asset price (gilts) whilst targeting demand for others and I can see the same happening if others fall too low.

I just can't see governments letting baby boomers go into retirement with decades of capital appreciation wiped out. I was in the same position position in 2008 and I do strongly believe we'd of had a return to normal if central banks hadn't come up with QE but clearly they believed the risk of a depression would of been worse.

Edited December 7, 2022 by lost

[Guest]

A poor showing from Sunak.

[Guest]

 

[Crazyfool01]

Hancock not standing 😀

[lost]

36 minutes ago, Crazyfool01 said:

Hancock not standing 😀

Love island next?

Quote

there was a time when I thought the only way to influence the public debate was in parliament’ but now ‘I’ve realised there’s far more it than that.’ 

 

Edited December 7, 2022 by lost

[fraybentos1]

1 hour ago, lost said:

I just can't see governments letting baby boomers go into retirement with decades of capital appreciation wiped out

I think inflation will stop them doing much. Any intervention will just add to inflation imo.

1 hour ago, lost said:

I was in the same position position in 2008 and I do strongly believe we'd of had a return to normal if central banks hadn't come up with QE but clearly they believed the risk of a depression would of been worse.

I agree. Help to buy did not help either then the covid boom too, you can see both clearly on this graph. Makes me think we are inline for a big correction.

My parents bought their house in 1993 ish for 85k or so, sold recently for 440k. It is totally and utterly bonkers and needs correcting.

 

[steviewevie]

border force striking over christmas period now...happy days...

[Crazyfool01]

13 minutes ago, steviewevie said:

border force striking over christmas period now...happy days...

ah that might mean i get to see sister and bro in law for xmas then .... edit scrap that ... airports only 

Edited December 7, 2022 by Crazyfool01

[Guest]

13 minutes ago, steviewevie said:

border force striking over christmas period now...happy days...

How could Labour back in 2005 do this to us!?

[squirrelarmy]

2 hours ago, Ozanne said:

A poor showing from Sunak.

The silence from the back benches said everything. 

[Guest]

21 minutes ago, squirrelarmy said:

The silence from the back benches said everything. 

I wonder if he said something about this Mone scandal that could be disproved at any stage?

[Guest]

 

[stuie]

49 minutes ago, Ozanne said:

I wonder if he said something about this Mone scandal that could be disproved at any stage?

Why is Rishi shocked to hear about this today when this article was published over a year ago?!

https://www.ft.com/content/a487276a-9f6d-4052-a049-51061030bc79

[Guest]

33 minutes ago, stuie said:

Why is Rishi shocked to hear about this today when this article was published over a year ago?!

https://www.ft.com/content/a487276a-9f6d-4052-a049-51061030bc79

You’d think as Chancellor he would know of all big money spends like this one?

[squirrelarmy]

2 hours ago, Ozanne said:

I wonder if he said something about this Mone scandal that could be disproved at any stage?

How did Mone earn her title anyway? Services to making women look good half naked? 

[Guest]

1 minute ago, squirrelarmy said:

How did Mone earn her title anyway? Services to making women look good half naked? 

Cameron gave her the peerage I think, no idea what for. 

[squirrelarmy]

I’ve been looking up what she’s actually achieved. Other than lying about qualifications to get a job she seems to have got where she is based on how she looks and marrying the right people. 
 

Perfect Peer to represent Tory sleaze. 

[steviewevie]

Coal not dole.

[steviewevie]

 

[Guest]

What climate crises?

[Crazyfool01]

54 minutes ago, steviewevie said:

 

lets hope those plans get turned to dust .... can see protests happening around  this ... might delay it long enough .... unless Labour choose to support it 

[Guest]

It’s pretty staggering that after hosting COP last year the Tories will go ahead and commission a new coal mine to open. Just like most things with the Tories, they don’t care.