Clarkson on the Credit Crunch ™

[Bagpuss]

He's talking total crap. It's just a blip like every other recession. After xmas the days will start getting longer again.

We've had some pretty long recessions in this country and people are starting to believe in this one. House prices will never go down is now about as relevant as Weapons of Mass Destruction as much as you keep repeating it.

[OwlHoot]

Also, the large current discounts in the shops won't last long when the shops have to start restocking with more expensive imports in the new year (due to Sterling tanking compared with other currencies).

And once people stop shopping, the shops themselves will be in big trouble and laying people off by the bushel ...

[sasguru]

Clarkson can be mildly amusing in an asinine kind of way, but is quite a dunce really. Just like DP.

[Mich the Tester]

House wives will never go down is now about as relevant as Weapons of Mass Divorce as much as you keep repeating it.

Nonsense. I'm sure there's a direct causal relation between the two.

[TimberWolf]

Don't worry, our open-door immigration policy will save the day. More people = higher GDP = boomed.

-- a politician

[BrilloPad]

"It is impossible for someone who scored a U in his economics A-level to grapple with the consequences of all this but I’m told......"

[Mich the Tester]

"It is impossible for someone who scored a U in his economics A-level to grapple with the consequences of all this but I’m told......"

Are you suggesting that a banking qualification's any better?

[sasguru]

Are you suggesting that a banking qualification's any better?

Maybe or maybe not. But someone who doesn't have the wit to pass A-level economics is a twat.

[Mich the Tester]

Maybe or maybe not. But someone who doesn't have the wit to pass A-level economics is a twat.

Possibly true, but I wouldn’t know as I didn’t do A level economics. I was busy with stuff like maths, physics, geography and trying to get laid. I did GCSE Economics, found it intensely boring, got an A and never understood what people found so difficult about it.

[Doggy Styles]

That's the best diagnosis anyone's made up to now. Modern banking has been exposed as quackery.

"It will be different this time"
"bringing banking into the 21st century"
"there's a new paradigm"
"modern banking techniques"
"the world has changed"

All bollocks.

The fundamentals are exactly the same since the dawn of wealth, and they are: "Balance your budget or you're fucked".

I think this should be the motto for every bank, government, business, home and individual in the country. I wonder what it is in Latin.