Reply to: times article about the credit crunch

[BrilloPad]

Coffee costs £2 a cup. Wow. Do we care?

Gordon Brown is worried about the polls, not any forthcoming recession. John Major was elected in the middle of a recession FFS. If he could pull it off anyone can do the same (although he was up against a rabid loonatic, ginger-headed Welshman)

You are spot on about his opponent. I am not convinced many English will vote for a Scot either.

[DimPrawn]

I have visions of the Morris Marina... one of the most godawful cars ever produced.

I have vision of a Marina. Often frequented by drunken seamen.

[threaded]

Not far off, PAH, although walruses are also slippery when wet.

No, funnily enough, they're not. More sort of scratchy/bristley.

[swamp]

Coffee costs £2 a cup. Wow. Do we care?

Gordon Brown is worried about the polls, not any forthcoming recession. John Major was elected in the middle of a recession FFS. If he could pull it off anyone can do the same (although he was up against a rabid loonatic, ginger-headed Welshman)

[Marina]

I have visions of the Morris Marina... one of the most godawful cars ever produced.

Are you suggesting my real name is Morris? Or that I'm as ugly as a box of frogs?

Stick with PAH's vision of a mermaid (draped in seaweed of course - wouldn't want you guys getting an eyeful!)

[motoukenin]

Since when has a Labour government ever run the economy responsibly , that bits true

[AtW]

I don't think Brown has got balls to call election next year - it certainly will be worse situation than it is now, so he will delay as much as he can, so hopefully people will associate this failure with Labour. From what I can see Labour excuses that it was all Conservatives in the 90s does not exactly wash anymore.

[BoredBloke]

No what will happen will be exactly like the last time. The economy was in a mess and the Tories got in and set about fixing it. A great deal of pain was felt my a lot of people and the Tories got the flak because of it. People didn't link the basket case of an economy back to the people who created it. Instead they just remember the tough times the Tories put them through. So now Labour are on their downward spirall just as the economy hits the skids. The Tories will get the flak associated with trying to turn things around and people will remeber the times when their house was increasing at a double digit percentageb rate and when we had record levels of employment due to a bloated public sector, paid for my a consumer credit boom!

[Cyberman]

Brown has said over and over 'no more return to boom and bust'. For almost ten years the voters believed him and voted for him. His resort to creating a massive credit explosion coupled with enormous tax and spending hikes during boom times will haunt us all for the next few years as it all unwinds.

It will be worth it to see the back of New Lie for a decade or so while the Tories repair the damage yet again.

[AtW]

He's a sports writer ffs (And a fat tw@t at that), this is so simplistic it's laughable. People can drop £2 on a coffee because they get paid enough to do so, if they don't they won't buy and the price will shrink accordingly.

I think he (sportsguy) has got a point here - he points to anecdotical evidence that is pretty good, sure he is a tw@t of the highest order, but he often speaks the truth that others afraid to say - I mean when it comes to car issues.

[expat]

Good article.

But I'm not sure I believe it. Rip-off Britain was not invented by Brown.

Example: in 1987 I was in the UK and thinking of buying a computer. I looked at a Mac, but for the UK price of a Mac SE and keyboard and stuff plus software, I could fly to New York, stay in midtown for the weekend, eat out well and go to a show, buy the Mac from 47st Photo paying NY sales tax, bring it back and declare it to customs, paying duty and VAT, and still have over £2000 change.

OK, Apple's pricing in those days was famously OTT, but even after they "rationalized" it, it only brought the sums down to £1000 change.

What else do you expect? Apple's tag in the US was "the computer for the rest of us". In the UK it was "the computer people aspire to".

Everyone reamed us. Software prices were changed for the British market by changing the $ sign to a £ sign. Collision Damage Waiver came automatically on Amex, Visa and Mastercards in North America, on Gold versions at least for European cards, but not at all for the Brits.

And don't get me started on wine. Why is it that the EU Commissioner says that cross-border shopping is a European citizen's right, but the UK Govt still puts a limit on the amount of wine you can bring in? Because you are here to be ripped off: you are a target market for businesses (they don't call it Treasure Island for nothing), and a captive source of revenue for the Exchequer. All your money is belong to them.

[Dow Jones]

Missing the point

What he said. That article is terrible. The bloke is a moron. A recession is comming because, thats what recessions do. And we will be better off for it in the long run. We are not due a recession because we pay 2 quid for a coffee, or some d1ck drives into london instead of taking the train or getting a door to door limo service.

Completely missed the point there. The article is about the effect of a recession on prices. Same as in houses, they may go down subject to supply and demand, same as restaurant and coffee prices which in turn may not be a bad thing.
Only thing that won't go down are local and other taxes that NL and Associates have imposed. This hopefully wil be their downfall - amen

[BoredBloke]

"Not far off, PAH, although walruses are also slippery when wet. "

As is a poo!

[PAH]

Not far off, PAH, although walruses are also slippery when wet.

I know, I'm sure I've got first hand experience from a hazy new year's eve some years ago. They're very frisky after a few bacardi breezers if I remember right.

[Marina]

Nice name, Tia Marina. I have visions of a mermaid. Slippery when wet?

Not far off, PAH, although walruses are also slippery when wet.