UK's economy is 'best in Europe'

[HairyArsedBloke]

I thought DB was dead?

Sadly, no.

Linky: Telegraph

"I had doubts because nobody agreed with me, absolutely nobody. Nobody in the media, nobody in the bank and nobody else in economics."

Coz' you are a knobhead, nuLieBore, frakking c....

When you look back, it turns out that pretty darn much from the middle of 2007 I had it right.

Bollox you did. Zero interest rates and QE is frakking madness.

[bogeyman]

Three pints of what was it HAB?

[HairyArsedBloke]

Three pints of what was it HAB?

It shows?

Only Young's ordinary.

[Cyberman]

Knobhead II - Danny "inflation doesn't matter - cut interest rates" Blanchflower gets a CBE

This guy was right. Interest rates should have been cut months before they were. He deserves his award.

[SantaClaus]

"We should all be grateful to Gordon" : what was wrong with that comment?

Suprised you have time to post here : aren't you posting pictures of your knob to your girlfriend?

A fine putdown, Brillo!

[Bagpuss]

This guy was right. Interest rates should have been cut months before they were. He deserves his award.

Yeah we should have cut them when house price inflation started to fall, that way the boom could have lasted a bit longer The taxpayer could have bailed out more banks.

---Back down from Cloud Cuckoo Land----

The reality is The Government were eventually FORCED to cut them when the whole system started to collapse.
The system got into the mess through cheap money loaned out without proper due dilligence. Monetary policy helped to encourage this idiotic boom. But then New Labour were getting a lot of Stamp duty and the economy was flowing with 'free' cash.

To prevent a collapse interest rates should have been higher much earlier (as early as 2003/4). The fact they were not, helped to fuel the mess we are in. The supply of cheap money fuelled the boom , it was never simply the "supply and demand" for housing as many idiots professed.


I'd rather give an award to Vince Cable, at least he seemed to know the action that should have been taken years ago (as did most people with a basic grasp of economics). Talking about what should have been done a year ago is a pointless diversion, the bubble was almost ready to burst by then.

[Stan.goodvibes]

yeah but it's relative.

when the rest of Europe is knee-deep in tulip and you're only in it up to your ankles...

[suityou01]

If I dont comment then I agree with the article. If you dont like it dont read the thread.

The standard of trolls has really gone downhll here. I almost hope Wilmslow returns.

[TimberWolf]

Europe must be in deep tulip then.

[sasguru]

Well I did predict this last year. I was the lone voice of these forums who got this right (the other 2 SGs didn't agree with me).

But I have to admit it was an easy call. When an economy is based on froth, it's easy to "re-froth" it so to speak. Germany is suffering because it had a real economy to lose in the first place.

HTH.