Traders predict house prices will fall by 50% in four years

[TheBigYinJames]

It's interesting, the govt must know they're creating the basis for a terrible landslide defeat at the next election. My only theory is that they're hoping to make such a big booby-trap in the economy that the next Tory govt will nto be able to fix it, and Labour get back in on the next one.

[sasguru]

It's interesting, the govt must know they're creating the basis for a terrible landslide defeat at the next election. My only theory is that they're hoping to make such a big booby-trap in the economy that the next Tory govt will nto be able to fix it, and Labour get back in on the next one.

Your mistake is to assign some intelligence or motive to this administration. The problem is that their hubris (in particular Gordon Brown's) concealed a deep incompetence which is only now being exposed.

[TheBigYinJames]

Your mistake is to assign some intelligence or motive to this administration. The problem is that their hubris (in particular Gordon Brown's) concealed a deep incompetence which is only now being exposed.

Someone described him taking over the PM role as like having an old uncle who is working away in the garden shed for years, building something, and he won't say what it is. One day, after many years, you look through the window, and.. there's nothing there.

I'd like to think they were working towards some sort of a plan, even if it was "we're going to get gubbed, so let's fsck it up for the Tories"

[oracleslave]

Someone described him taking over the PM role as like having an old uncle who is working away in the garden shed for years, building something, and he won't say what it is. One day, after many years, you look through the window, and.. there's nothing there.

I'd like to think they were working towards some sort of a plan, even if it was "we're going to get gubbed, so let's fsck it up for the Tories"

Sounds like they are building their own version of SKA. Stay tuned for updates.

[Bagpuss]

It's interesting, the govt must know they're creating the basis for a terrible landslide defeat at the next election. My only theory is that they're hoping to make such a big booby-trap in the economy that the next Tory govt will nto be able to fix it, and Labour get back in on the next one.

I don't think they realised what would happen. No they just got greedy for the tax revenue, think of all that lovely stamp duty, capital gains tax etc, oh and the HIPS, if only they had got that one in earlier!

No Government yet (Tory or Labour) seems to be able to control the boom and bust cycle, possibly because it's the world economy that's in the driving seat, however, this one has actively made any potential downturn worse.

[HairyArsedBloke]

No Government yet (Tory or Labour) seems to be able to control the boom and bust cycle, possibly because it's the world economy that's in the driving seat, however, this one has actively made any potential downturn worse.

The truth is that economies are not ‘controllable’ to any great extent no matter what that over rated darling of the left Keynes would lead have you believe.

There is an apocryphal story of a hydraulic model of the economy that was made. It leaked out of most of the joints. As they fixed one leak another would appear. When challenged, the creator mused that maybe that is what the real world was actually like.

[Bagpuss]

The truth is that economies are not ‘controllable’ to any great extent no matter what that over rated darling of the left Keynes would lead have you believe.

There is an apocryphal story of a hydraulic model of the economy that was made. It leaked out of most of the joints. As they fixed one leak another would appear. When challenged, the creator mused that maybe that is what the real world was actually like.

Keynes didn't believe in controlling the economy through interest rates and the supply of money, that's the work/influence of Milton Friedman, beloved of Maggie Thatcher.

[TheBigYinJames]

Keynes didn't believe in controlling the economy through interest rates and the supply of money, that's the work of Milton Friedman, beloved of Maggie Thatcher.

Milton... Keynes.....

I sense a conspiracy.

[HairyArsedBloke]

Never said he did.

However, he was fond of counter-cyclical spending etc.

[Bagpuss]

One thing for sure if the money supply expands too fast it leads to bust.

Never said he did.

However, he was fond of counter-cyclical spending etc.

Yes but both theories believe governments should actively steer economies it's not 'left' or 'right' but both. The only difference is the tools you employ.