Nick_G
pfm Member
"We asked 100 people to name something that grows. You said pie...."
Tumours as well.
The Premiership of Mary Elizabeth Truss.Sept 2022 - Oct 2022
- Thread starter TheDecameron
- Start date
Tumours as well.
Ponty
pfm Member
It’s not but if people see 10%+ year on year from houses and a one way bet, why would they invest in alternatives with greater perceived risk? Just buy more houses, which further perpetuates the issues. ZIRP was an ‘emergency’ response to the GFC and should have been treated as such, not the new normal. Wages didn’t need to grow with ZIRP, everything just became financialised, cars, phones, 0% credit cards etc, ultra low cost debt meaning people could service the monthlies.
Mullardman
Moderately extreme...
A friend asked ...'How do you even grow a pie?
I responded. " Takes lots of manure...mostly Bullshit."
I responded. " Takes lots of manure...mostly Bullshit."
paulfromcamden
Baffled
Nine things we learned about Jeremy Corbyn:
https://www.bbc.co.uk/programmes/ar...x2/nine-things-we-learned-about-jeremy-corbyn
All this talk about discussing jam-making and allotments with the Queen... I can well believe that they would get on. Corbyn feels reassuringly English. He's Radio 4, cricket and mugs of strong tea. Not phoney flag-waving 'patriotism'.
ks.234
Half way to Infinity
Don’t make things up just to suit your outlook please Ponty. Murphy doesn’t talk about printing money, or allowing currency and inflation to run free?
Neither, by the way, is he hard left. Though if he was, he couldn’t possibly be worse than the hard right goons that you have been voting for all this time and who have led us into this immoral economic dead end
Wolfmancatsup
Empire State Human
Chris Cunningham made some superb videos.Aphex Twi...err Triplet
Ponty
pfm Member
That’s exactly what he was saying he’d do in a plan with Blanchflower. Was on a link Tony posted.
matthewr
spɹɐʍʞɔɐq spɹoɔǝɹ ɹnoʎ sʎɐld
But you cannot just raise interest rates because you think the policy is wrong. Well you can but you will cause a recession.
Also the overwhelming majority of people are not buying houses for investment. They are buying them so they have somewhere to live and somewhere that they own rather than rent.
matthewr
spɹɐʍʞɔɐq spɹoɔǝɹ ɹnoʎ sʎɐld
In the context of the current situation. Removing this context and pretending this is his preferred policy is absurd.
Barrymagrec
pfm Member
Ukranian comedian on R4 :- "Comedy always helps, perhaps that why we elected a comedian as president - maybe that`s why you did too?"
ks.234
Half way to Infinity
If you mean the twitter link, then, no.
Tony L
Administrator
Russ Jones with a much needed Tory conference report #TheWeekInTory.
Weekender
pfm Member
Russ should be the BBC News at 6 and 10 Anchor.
Sue Pertwee-Tyr
Accuphase all the way down
Perhaps my favourite line:
"21. Truss's brain is like a dazzlingly high-tech stealth weapon: impossible to detect, but still capable of inflicting enormous damage"
Seanm
pfm Member
I don’t know, Ponty doesn’t seem wrong here
? Good orthodox Marxist analysis. Also, don’t ask me for receipts but I’m sure I’ve read stuff pointing to the negative effects of low interest rates on productivity. A lot of what Ponty’s been saying seems reasonable, once you substitute “large corporations” for the spendthrift plebs he no doubt has in mind.laughingboy
pfm Member
Here's a left-wing think tank's paper on low interest rates and productivity: 'Our most important finding was that extraordinary monetary policy has very little direct effect on firm-level investment strategies'.I don’t know, Ponty doesn’t seem wrong here
But I sense that Ponty is talking about the financial sector and its highly-remunerated workers, which is not what this study looks at (it looks at food & drink and construction companies).
Jim Audiomisc
pfm Member
The distinction is that:
The UK elected a Politician and got a Comedian.
Ukraine elected a Comedian and got a Statesman.
So the transformations were in different directions.
They've kept their Statesman. We've replaced our Clown with a Puppet.
The odd thing is that Truss moves and walks like whoever is pulling her strings hasn't caught up with 'Supermarionation' yet. i.e. What seems to come out of her mouth is a script being fed though her from someone else. But the puppeteer seems unable to match the Andersons when it comes to pulling animation strings and make her movements or face movements look natural.
kensalriser
pfm Member
I think it's undeniable that certain asset values have grown hugely since circa 2000/2001, which marked the beginning of two decades of central bank intervention. Housing, art, wine, classic cars, watches, any top end collectible. This shouldn't be surprising as the QE essentially flowed straight to wealthy people who used it to buy things that wealthy people buy. So there was plenty of inflation, it just didn't manifest as CPI inflation.