Kwasi economics....

[BoldonLad]

Attempting to stay on topic (probably futile, I know), it would appear that US interest rates are rising fast, (0.75% for each of the past couple of months), Nasdaq and Dow Jones down. None of this is good news, but, perhaps, we are all sinking together, or, perhaps, it is the long predicted fall of Capitalism?

 

[stowie]

Meanwhile....(please just feck it off will you)
Austerity for us plebs.

View: https://twitter.com/AdamBienkov/status/1575181697393754113?t=XNVzHWTLax0T9PbIH-XWtg&s=19

Yep. That is deffo phase II especially after the total fark up of the "mini honestly not a budget guv".

John Redwood resurfaced from whichever country mansion he normally haunts to tell C4 news it was all the fault of the BoE. The timing of the market falls was simply a massive co-incidence with the chancellor's statement. I must say, extra-ordinarily unlucky for the chancellor that the market chooses to go bat shoot the same day as his announcement.

One of the reasons for the gilt crisis which unhappily co-incided to the completely unrelated "mini not a budget" given by Redwood was the BoE announcement of the sale of some of its government bonds in October. Except this announcement was made at the beginning of August, so quite a delayed reaction to this news. Maybe "the market" was at lunch or something. He spun the announcement by the BoE as "stopping the sale". Which it is technically, but it doesn't mention that the BoE also feel the need to buy almost the same value of Gilts to steady the market as they were planning to sell over 12 months.

They are all daffodils. All of them.

 

[All uphill]

Attempting to stay on topic (probably futile, I know), it would appear that US interest rates are rising fast, (0.75% for each of the past couple of months), Nasdaq and Dow Jones down. None of this is good news, but, perhaps, we are all sinking together, or, perhaps, it is the long predicted fall of Capitalism?

Probably 😉

And we Brits are going there harder and faster than anywhere else.

World-beating!

 

[Rusty Nails]

Take the mick or abuse…..or is it ok if its classed as humour….i mean who decides????

i see calling someone a pled as abusive name calling, newfhouse says it not for me to decide, so who’s place is it??? And is it decided based on the posters username or whether they are part of the naca cabal???

You can decide whatever you want, but the fact is that pleb in the sense it was used was satirical and described how the Tory high-earners tax cuts show their attitudes to those of us outside their club e.g. us plebs.

It was not abuse, except abuse of Kwasi Economics.

 

[All uphill]

Yep. That is deffo phase II especially after the total fark up of the "mini honestly not a budget guv".

John Redwood resurfaced from whichever country mansion he normally haunts to tell C4 news it was all the fault of the BoE. The timing of the market falls was simply a massive co-incidence with the chancellor's statement. I must say, extra-ordinarily unlucky for the chancellor that the market chooses to go bat shoot the same day as his announcement.

One of the reasons for the gilt crisis which unhappily co-incided to the completely unrelated "mini not a budget" given by Redwood was the BoE announcement of the sale of some of its government bonds in October. Except this announcement was made at the beginning of August, so quite a delayed reaction to this news. Maybe "the market" was at lunch or something. He spun the announcement by the BoE as "stopping the sale". Which it is technically, but it doesn't mention that the BoE also feel the need to buy almost the same value of Gilts to steady the market as they were planning to sell over 12 months.

They are all daffodils. All of them.

I saw that interview. Fascinating.

Does he really believe all that?

Nah.

 

[Rusty Nails]

I saw that interview. Fascinating.

Does he really believe all that?

Nah.

That is basically the line of the Daily Mail.

Anyone's fault but the government...BoE, Unscrupulous traders making money out of Sterling, IMF sticking their noses in.

 

[BoldonLad]

Probably 😉

And we Brits are going there harder and faster than anywhere else.

World-beating!

At last! we are world beating at something!

 

[Fab Foodie]

Read the post by FF again and tell me you cannot see that that was intended as humour/satire on the impact of the Tory version of trickle-down economics, rather than to offend another poster.
I suspect that just about everybody else who read it had the sense to clearly see it was a joke including the person it was responding to.

Gosh! Have I upset the troll again? How droll is the prole....

 

[jowwy]

Gosh! Have I upset the troll again? How droll is the prole....

fark off you fat lazy prick……

 

[winjim]

It's been a while since that was posted here.

I feel ashamed and embarrassed.

 

[classic33]

Take the mick or abuse…..or is it ok if its classed as humour….i mean who decides????

i see calling someone a pled as abusive name calling, newfhouse says it not for me to decide, so who’s place is it??? And is it decided based on the posters username or whether they are part of the naca cabal???

You're seeing things that aren't there.

 

[jowwy]

You're seeing things that aren't there.

Go and troll someone else……your getting obsessive now.

 

[albion]

'935 out of 3,596 mortgage products had disappeared between Tuesday and Wednesday,'
https://www.theguardian.com/money/2...deals-pulled-as-panic-grips-uk-housing-market

Fixed rates are currently the only safe way to mortgage. There was a forecast of a 10% fall in house prices. Now it is 20%

 

[Salty seadog]

fark off you fat lazy prick……

 

[BoldonLad]

'935 out of 3,596 mortgage products had disappeared between Tuesday and Wednesday,'
https://www.theguardian.com/money/2...deals-pulled-as-panic-grips-uk-housing-market

Fixed rates are currently the only safe way to mortgage. There was a forecast of a 10% fall in house prices. Now it is 20%

Is falling house prices bad news?, I thought the general consensus was that house prices are too high, thus preventing young people from buying one?