tag:blogger.com,1999:blog-2948538160252327076.post7284852604896316889..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: The same daft ideas from DarlingAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2948538160252327076.post-89298379681555082202008-08-27T10:55:00.000+01:002008-08-27T10:55:00.000+01:00I am not surprised at Darling's comments about his...I am not surprised at Darling's comments about his future riding on the housing market.<BR/>The so called boom has been due almost entirely on house price inflation - a situation where people have felt wealthy, spent more (borrowed money !) to keep the economy going, house prices have been hyped up again, people have felt even more wealthy... and so the cycle continues.<BR/>Sad to think the UK economy is all smoke and mirrors and not based on successful exports or anything sustainable !Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-91105316052289946512008-08-26T18:41:00.000+01:002008-08-26T18:41:00.000+01:00Nick,Your four point plan is exactly what Darling ...Nick,<BR/><BR/>Your four point plan is exactly what Darling and the gang have in mind. <BR/><BR/>Tbere is nothing new under the sun. This has all been tried before, and it always ended up the same way.<BR/><BR/>AliceAlice Cookhttps://www.blogger.com/profile/05753570123987780947noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-89862800438095112862008-08-26T18:09:00.000+01:002008-08-26T18:09:00.000+01:00Alice,Don't you realise that the statists have tum...Alice,<BR/><BR/>Don't you realise that the statists have tumbled to the perfect plan:<BR/><BR/>1. Lower interest rates to zero<BR/>2. Guarantee everything<BR/>3. Increase "liquidity"<BR/>4. Tell everybody it's okay now.<BR/><BR/>How could that possibly NOT work? Surely the real question is how did we waste all those centuries of having normal interest rates, risk premiums, money supply limits and so on.<BR/><BR/>NickAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-61023615005221754872008-08-26T17:44:00.000+01:002008-08-26T17:44:00.000+01:00Darling has already made a killing for other banks...Darling has already made a killing for other banks out of Northern Rock: reducing the size of their mortgage book means letting other banks cherry-pick the best loans and leaving NRK with the rubbish - at an eventual cost to the taxpayer of how many billions, I wonder.<BR/><BR/>Who suggested this plan? A banker...surprise, surprise!!!<BR/><BR/>B. in C.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-68033494722106816882008-08-26T17:27:00.000+01:002008-08-26T17:27:00.000+01:00NickD'ya think I got a little emotional?I hate thi...Nick<BR/><BR/>D'ya think I got a little emotional?<BR/><BR/>I hate this idea of guarantees; it is obscene.<BR/><BR/>AliceAlice Cookhttps://www.blogger.com/profile/05753570123987780947noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-47788065683074213182008-08-26T17:15:00.000+01:002008-08-26T17:15:00.000+01:00Come on Alice, tell us how you REALLY feel.I'm pin...Come on Alice, tell us how you REALLY feel.<BR/><BR/>I'm pinning my hopes on the bond vigilantes. I would love to know how much of the government's existing debt needs to be rolled over soon, and how much is at adjustable rates. Darling needs a cash-out refi and I don't think the Chinese or Germans are going to give it to him.<BR/><BR/>NickAnonymousnoreply@blogger.com