What makes this housing down turn different

[sasguru]

Yeah I gotto love that - people in this country are so well educated in economics in schools that they get into morgage bubble and debt in general

If this country had people educated in finance and economics so well as you claim sadguru, then they'd revolt against Govt taxes long time ago and instead of Canary Wharf there would have been burnt out buildings as a warning to future generations what financial gambling leads to.

And clearly your "superior" knowledge has enabled you to get filthy rich ...
Your naivety about economics is truly breathtaking. You seem to think it's some sort of science. In the last thread I suggested you improve your understanding of epistemology, a point you completely missed. Probably because your noddy degree course did not cover it.

[sasguru]

Yes, only well educated experts like yourself have the intelligence to rent a Birmingham bedsit ...

Quite.

[alreadypacked]

Wait till I say what would have happened with overseas properties

Taxed ! that's talk

[snaw]

I never had communist mindset, though I was certainly brainwashed in some topics - history of WW2 war for example, USSR was still strong at the time, but I am making up on it now reading western books.

I started studying economics when USSR was broken apart and Russia was trying to implement western models. I don't even think you really know what Soviet economical system was like anyway - unlike me dare I say.

I know the soviet economic system seemed to involve queuing a lot ... can't say it really took off in the west though so no, I'm not an expert in that field.

The communist mindset I have some idea however, my best mate married a czech girl and lived there for a while. I hear a lot about how things are even now, the words excessive beurocracy and inability to think and act for themselves get bandied about quite a lot.

Clearly the younger people aren't as affected by this, but I don't think you're one of them and some of your wacky ideas seem very much influenced by soviet thinking it seems.

[expat]

I know the soviet economic system seemed to involve queuing a lot ...

What, like the NHS? Selection by patience, or Costs Less to treat only those who haven't dropped out of the waiting list.

[sasguru]

What, like the NHS? Selection by patience, or Costs Less to treat only those who haven't dropped out of the waiting list.

See below ...

[sasguru]

What, like the NHS? Selection by patience, or Costs Less to treat only those who haven't dropped out of the waiting list.

Yes. The NHS is, indeed, an example of a Soviet system and should be dismantled forthwith, before it collapses under its own weight.
It is the third largest employer in the world (after the Chinese army and Indian railways) and employs 1 in 30 of the Uk population.
All this for a medium sized European country.

[Ruprect]

Yes. The NHS is, indeed, an example of a Soviet system and should be dismantled forthwith, before it collapses under its own weight.
It is the third largest employer in the world (after the Chinese army and Indian railways) and employs 1 in 30 of the Uk population.
All this for a medium sized European country.

"I am not a Socialist" - Gordon Brown (allegedly)

[AtW]

I know the soviet economic system seemed to involve queuing a lot ... can't say it really took off in the west though so

Funny how a lot of British people say that it is British thing to queue

[AtW]

One for Cyberman:

"Zimbabwe Gets $50 Million Bank Note"

http://sg.news.yahoo.com/ap/20080404...e-1be00ca.html

This is what happens when Central bank just prints money.