Reply to: oh dear: Financial market turmoil could blow a hole in Osborne's budget plans

[PurpleGorilla]

Deutsche bank seems to be the latest focus:

After Crashing, Deutsche Bank Is Forced To Issue Statement Defending Its Liquidity | Zero Hedge

[DimPrawn]

I thought he moved from Wandsworth to leafy Surrey.

But then that's just what he told us.

[OwlHoot]

First thing I did when I approved the post

IP address say Peckham - sound about right?

I thought he moved from Wandsworth to leafy Surrey.

But then that's just what he told us.

[BrilloPad]

I was being sarcastic BP!

Come on, Osborne is a Tulip.

Ironing is beyond me.

Hang on - can I use the excuse of being so cheesed off assguru has returned - and lamenting the imminent drop in standards(from an already low point)?

[PurpleGorilla]

You call this the sun shining? Until there is an interest rate rise I consider it a continuation of 2008....

I was being sarcastic BP!

Come on, Osborne is a Tulip.

[cretinscourge]

Yep, we did a sneaky check on sasguru before and he lived in some rough bit of London over a kebab shop.

Nah, I sold that for just under a million during Labour's big boom

[DimPrawn]

First thing I did when I approved the post



IP address say Peckham - sound about right?

Yep, we did a sneaky check on sasguru before and he lived in some rough bit of London over a kebab shop.

[administrator]

Why not compare ip addresses and let us know?

First thing I did when I approved the post

If it is from the rough end of Lewisham, it's @rseguru alright.

IP address say Peckham - sound about right?

[ZARDOZ]

Labour never promised to get rid of the deficit, so they wouldn't have missed any targets. Their promise on the deficit was so vague and full of caveats - that the two Ed's could claim success no matter what happened.

So even if we end up in the same level of tulip, it would have sounded better under Labour.

But seriously, Osborne is being hammered for having the balls to set a hard target. He might be a total tulip-up, but at least he's made it easier to measure his degree of tulip-up ness.

Don't belive the hype government spending is increasing with all kinds of waste for example 70 billion on unwanted HS2.
Meanwhile the 'cuts' are ideological and don't scrape the surface. Expect more tax rises and debt to carry on toward 2 trillion.

[cretinscourge]

Yes you do and it's been a superpower for over half a century. The balanced budget law in the United States has been a liability more than its fixed anything, but the fact is that you don't need that kind of legislation to keep the economy ticking over, it just needs to be diverse.

There are several reasons why the US has been able to "afford" to keep it's debt growing, not least its de-facto reserve currency status.
But that period may be ending - the collapse may be spectacular.

[cretinscourge]

That you sas?

Yep. can I have sasguru back, I've forgotten the p/w?

[seanraaron]

Ah yes the current idea du jour of the chattering classes.
We aren't really sure what happens if we don't balance the budget in the long run, but we do have an example of a country that threw caution to the wind in that respect: Greece.
Doh!

Yes you do and it's been a superpower for over half a century. The balanced budget law in the United States has been a liability more than its fixed anything, but the fact is that you don't need that kind of legislation to keep the economy ticking over, it just needs to be diverse.

Of course Britain appears to be too small to emulate the States (doesn't stop this desire for an American-style consumer economy for some reason), hence why we're better in the EU. Unless the plan is to repair the damage Thatcher did to the industrial base and that "Labour" subsequently ignored because "we're post-industrial now?"

[DimPrawn]

Why not compare ip addresses and let us know?

If it is from the rough end of Lewisham, it's @rseguru alright.

[BrilloPad]

That you sas?

Why not compare ip addresses and let us know?

[administrator]

Ah yes the current idea du jour of the chattering classes.
We aren't really sure what happens if we don't balance the budget in the long run, but we do have an example of a country that threw caution to the wind in that respect: Greece.
Doh!

That you sas?