False dawn?

[AlfredJPruffock]

My Oh My - hindsight is such a wonderful thing - n'est-ce-pas ?


Im sorry for all you Cassandras and Prophets of Doom - The Free Markets proved a lot more robust and a lot more cleverer than you or I could ever imagine - and once again , the abilty of the USA to re-invent itself time and time again ... makes it all so fascinating !


Enjoy the Ride and Viva la Vida !

[Menelaus]

My Oh My - hindsight is such a wonderful thing - n'est-ce-pas ?

Im sorry for all you Cassandras and Prophets of Doom - The Free Markets proved a lot more robust and a lot more cleverer than you or I could ever imagine - and once again , the abilty of the USA to re-invent itself time and time again ... mekes it all so fascinating !

Enjoy !

Absolutely, 100% WHS.

[OwlHoot]

My Oh My - hindsight is such a wonderful thing - n'est-ce-pas ?

Im sorry for all you Cassandras and Prophets of Doom - The Free Markets proved a lot more robust and a lot more cleverer than you or I could ever imagine - and once again , the abilty of the USA to re-invent itself time and time again ... makes it all so fascinating !

Enjoy the Ride and Viva la Vida !

If so, and Gordon Brown claims to have saved the world, and mugs start *believing* him, I really don't think I could take it.

[Scary]

Free markets? Where?

[chef]

Yep. Unfortunately, when I published in 2005 warning of the crisis brewing (and missed only Iceland) I got fired for my troubles.

i'd be interested in reading that if possible

[HairyArsedBloke]

We were, and we remain as a nation and as an economy buggered. I'm almost less concerned as to where the blame lies - there's plenty to go around and much of it lands squarely on the doorstep of the current resident of No10, not because of his timidity and inaction there - more because of his timidity and inaction when sitting in No11.

I would not agree that the snot goblin as being inactive; far from it. Asset price inflation has always been part of how the nuLieBore regime has held on to power. They have cynically exploited the wealth effect to delude the voters into believing how better off they are. It could never be sustained for very long before it collapsed, but I don’t think they planned to be around when that happened.

[The Lone Gunman]

more because of his timidity and inaction when sitting in No11

I would have said the opposite. There has been lots of action made with confidence.
The problem is that the confidence was based on a complete lack of understanding.
It always seems that the NL team took the previous successes of the Tories and looked how they could go one further. NL went further by removing any checks and balances the Tories had left in place and completely missed the reasoning for leaving those checks and balances there in the first place.
I am not saying the Tories got it right, some of their policy is responsible for the current mess, but the fiddling at the exchequer has made what would have been costly, ruinous.

[Scary]

The Tories gave away our assets to the rich for a song and crushed the remnants of British industry.

[Menelaus]

Peter Mandelson, the Dark Lord of the Sith gave away our assets to the rich for a song and crushed the remnants of British industry.

Fixed that for you.

Examples include MG Rover, LDV and various building societies - at the expense of the taxpayer, eating into the asset base. It's interesting that they are now cannabalising their existing base (e.g., the service sector and the much vaunted much fawned over financial services industry).

HTH.

[Scary]

Sadly New Labour had no balls and continued what Thatcher started.