Poll: Which party will get your vote in the General Election?

[Hatter The Mad]

You were claiming the size of the boom directly effects how awful the subsequent recession is. I don't think that's true at all. Nor does anyone else.

The boom was fuelled by phoney valuation of assets (particularly house prices). This was money without substance. The more fake money that inflates the boom, the bigger the correction, the bigger the crash. How can you not see that?

 

[Hatter The Mad]

Just to prove Brown's incompetence - lets not forget he sold a large quantity of our gold reserves when the price of gold was at an all time low.

Yeah, all the while we were riding a tax receipt boom. The world laughed at us, and has scooped up our cheap gold.

 

[britboy4321]

how do you know we were headed for recession?

It was stated all over the place at the time by (neutral) people cleverer than me. Surely even you must remember all the talk of 'depression' if you keep you eye on current events -- they were draggin up people from everywhere - the London School of Economics -- loads of neutral professionals .. please at least tell me you remember that, otherwise I won't take this as a credible argument anymore as I simply won't believe what you write ..

 

[robgmun]

britboy4321 seems a delusional as Gorgon Brown himself. obviously keeps either ignoring the facts or just plainly says they're false, Which is pure ignorance coming from someone who states himself that he doesn't know much about the economics. When he is clearly talking to people that do.

britboy4321, i was in Lehman’s trade floor when the pound lost ground to the dollar, i was there when the recession hit, i was there helping people (who were in tears) packing there belongings when Lehman’s collapsed. Every single trader, and these guys would wipe the floor of anyone in number 10 with there knowledge of economics, put the blame squarely at Gordon Brown and were doing so for a couple of years before the collapse. That's why I’m not brothering speaking to you any further, you are clearly blinkered

 

[britboy4321]

The boom was fuelled by phoney valuation of assets (particularly house prices). This was money without substance. The more fake money that inflates the boom, the bigger the correction, the bigger the crash. How can you not see that?

Economics 101 -- an asset is worth what someone is prepared to pay for it.

I can't think of any phoney valuation of assets. I can think of a time when people were prepared to pay what is IMO too much for property -- but BY DEFINITION - that means the property was worth that amount of money.

 

[britboy4321]

britboy4321 seems a delusional as Gorgon Brown himself. obviously keeps either ignoring the facts or just plainly says they're false, Which is pure ignorance coming from someone who states himself that he doesn't know much about the economics. When he is clearly talking to people that do.

britboy4321, i was in Lehman’s trade floor when the pound lost ground to the dollar, i was there when the recession hit, i was there helping people (who were in tears) packing there belongings when Lehman’s collapsed. Every single trader, and these guys would wipe the floor of anyone in number 10 with there knowledge of economics, put the blame squarely at Gordon Brown and were doing so for a couple of years before the collapse. That's why I’m not brothering speaking to you any further, you are clearly blinkered

Lehmans collapsed (plenty of banks didn't)-- and funny enough LEHMANS employees who run THEIR company doing the trades THEY want to do .. blame -- er -- themselves? Nope - that's not right ... er ... hold on ..er .. er .. he'll do -- that politician over there! It's that nasty man's fault, he's made me CRY because my company failed.

You know I personally following this logic also blame Gordon Brown for me not being able to complete Need for Speed:SHIFT. I AM AN EXPERT ON PC GAMES therefore I think I should know what I'm talking about yea? And it can't be that I'm no good myself ... so .. er .. er .. I FAIL ..er .. IT'S GORDON'S FAULT honest guv .. I think I know more about PC GAMES than Gordon -- therefore I think I know who'se to blame .. and it's him.

Honestly .. Dunno whether to LOL or RAFLAO! These politicians do have a hard time of it all!

Yea -- probably best if you don't write back ..

 

[Dolph]

Economics 101 -- an asset is worth what someone is prepared to pay for it.

I can't think of any phoney valuation of assets. I can think of a time when people were prepared to pay what is IMO too much for property -- but BY DEFINITION - that means the property was worth that amount of money.

Economics 101 - An asset bubble is a high level in trade of goods above their nominal or intrinsic value.

This can frequently involve speculative behaviour from people expecting the value of the asset to increase and therefore the asset becomes a good store of value.

This works well until the 'spare' money is no longer available...

 

[robgmun]

Lehmans collapsed (plenty of banks didn't)-- and funny enough LEHMANS employees who run THEIR company doing the trades THEY want to do .. blame -- er -- themselves? Nope - that's not right ... er ... hold on ..er .. er .. he'll do -- that politician over there! It's that nasty man's fault, he's made me CRY because my company failed.

You know I personally following this logic also blame Gordon Brown for me not being able to complete Need for Speed:SHIFT. I AM AN EXPERT ON PC GAMES therefore I think I should know what I'm talking about yea? And it can't be that I'm no good myself ... so .. er .. er .. I FAIL ..er .. IT'S GORDON'S FAULT honest guv .. I think I know more about PC GAMES than Gordon -- therefore I think I know who'se to blame .. and it's him.

Honestly .. Dunno whether to LOL or RAFLAO! These politicians do have a hard time of it all!

Yea -- probably best if you don't write back ..

Are you deliberately being stupid? Trading in that environment is not as simple as "doing what you want" There a series of mechanisms you have to follow, or you will see prison, your lack of knowledge is screaming at me more and more with each post

By the way, i don't take well to your post at all, if you were there on that day you would see how utterly heartbreaking it all was, not just traders lost jobs, everyone did in every department, and you're acting like No insults!

 

[bulldog147]

Can't be bothered to vote. They all the same as childish, lies, more taxes and bad as each others! Will never vote for them forever! The only way I will vote for myself only!

 

[britboy4321]

Can you imagine the total hatred he'd have recieved if he'd devalued everyone's house and told us we weren't allowed as much money (look what happens when he just raises tax a bit -- no matter devalue peoples assets)! You'd be screaming from your undervalued roof 'HANG HIM! STRING HIM UP! HE IS USELESS!'

It's going to be most fristrating to me when the tories have been in for a few years -- dragged as much money out of the economy as they can (mainly tax breaks for the rich) -- it's all gone to pot, and you'll STILL be saying it's labours fault!!

Answer me this Dolph -- when the tories get in -- is it possible for them to go wrong? You see -- to you and Mat Hatter -- I think it is physically impossible -- whatever they do - for you to think it wasn't Labours fault ..

 

[robgmun]

At least Mat Hatter shows a decent knowledge and understanding of the economic mechanism unlike your good self

 

[Hatter The Mad]

Economics 101 -- an asset is worth what someone is prepared to pay for it.

I can't think of any phoney valuation of assets. I can think of a time when people were prepared to pay what is IMO too much for property -- but BY DEFINITION - that means the property was worth that amount of money.

I know you admitted not knowing much about economics, but this takes the biscuit.

I do not have the time to explain the housing bubble and mortgage derivative bubble to you. Perhaps look for the animated guide to it on the BBC site.

It might be under the Newsround section.

 

[Dolph]

Answer me this Dolph -- when the tories get in -- is it possible for them to go wrong? You see -- to you and Mat Hatter -- I think it is physically impossible -- whatever they do - for you to think it wasn't Labours fault ..

Yes, it certainly is possible for them to get it wrong, they have in the past (for example, with right to buy, or with the approach taken to privatising various utilities and British Rail).

They could certainly make bad decisions, however they will also have a tough time with what they inherit from Labour, and some of the decisions they make will certainly be unpopular even if they are fundamentally good.

Do you think Labour have done nothing wrong with their management of the economy for the last 13 years?

 

[britboy4321]

Are you deliberately being stupid? Trading in that environment is not as simple as "doing what you want" There a series of mechanisms you have to follow, or you will see prison, your lack of knowledge is screaming at me more and more with each post

If Lehmann had somehow different rules from many other, surviving, similar businesses you may have some kind of point. As they had EXACTLY THE SAME RULES yet they failed. Well, the conclusions are obvious.

Anyway -- you said you weren't going to post again -- sounds good to me -- nice talking.

 

[Hatter The Mad]

Answer me this Dolph -- when the tories get in -- is it possible for them to go wrong? You see -- to you and Mat Hatter -- I think it is physically impossible -- whatever they do - for you to think it wasn't Labours fault ..

Everything you say is based on speculation. There is nothing to suggest the Tories will "take money out of the economy" and "give it to the rich" (this doesn't even make sense).

You're also accusing me of my *going to* blame Labour for Tory failings? Eh? They haven't even been elected yet, let alone started cutting or shifting taxes. They haven't even got the mandate or chance to fail, yet. For all I know, Labour might make it in.

You're being completely irrational.

The only thing I blame Labour for is the last decade of incompetent Government.

 

[Uriel]

I've put Lib Dem. I think it would be good for the country to have Labour brought down a peg.

Having said that I personally fear the consequences of a Conservative Government. I strongly believe that a Conservative Government will bring about mass reduncancies in my industry (Transport Infrastructure / Civil Engineering).

If I worked in a different industry I might vote Tory but I'll have only myself to blame if I vote for them and then lose my job.

 

[britboy4321]

I know you admitted not knowing much about economics, but this takes the biscuit.

I do not have the time to explain the housing bubble and mortgage derivative bubble to you. Perhaps look for the animated guide to it on the BBC site.

It might be under the Newsround section.

yea OK I'll check it out.

The Newsround section normally has bits about pandas being born in zoos. I may have a little read of that first as they are cuddly -- but after that ..

 

[robgmun]

I know you admitted not knowing much about economics, but this takes the biscuit.

I do not have the time to explain the housing bubble and mortgage derivative bubble to you. Perhaps look for the animated guide to it on the BBC site.

It might be under the Newsround section.

Quite, the more he posts the more he seems out of his depth and just goes by sun headlines. i bet he doesn't know how and when the recession actually started.

If Lehmann had somehow different rules from many other, surviving, similar businesses you may have some kind of point. As they had EXACTLY THE SAME RULES yet they failed. Well, the conclusions are obvious.

No, the only difference is that didn't get baled out like the other banks (banks do not follow the same rules as similar businesses, LOL!) which would have collapsed in the same way otherwise. Yet another thing about the resession you didn't know

Anyway -- you said you weren't going to post again -- sounds good to me -- nice talking.

Yeah you would like that wouldn't you, stops me showing you up, so i changed my mind

 

[dante6491]

Interestingly enough, Lehman Brother's collapsed because Gordon Brown wasn't willing to break his own rules. Barcleys were willing to buy Lehman Brothers, but the IFS regulation put in place by Brown meant they were not able to purchase the company over the weekend. Thus on the Monday Lehman went to the wall. They are the only large bank that was allowed to fail.

 

[britboy4321]

Everything you say is based on speculation. There is nothing to suggest the Tories will "take money out of the economy" and "give it to the rich" (this doesn't even make sense).

You're also accusing me of my *going to* blame Labour for Tory failings? Eh? They haven't even been elected yet, let alone started cutting or shifting taxes. They haven't even got the mandate or chance to fail, yet. For all I know, Labour might make it in.

You're being completely irrational.

The only thing I blame Labour for is the last decade of incompetent Government.

The tories have stated point blank they are going to take money out of the public sector. They have also stated the 50% tax is doomed.

This is called 'taking money out of the economy' and 'giving money to the rich'.

Is there anything else I can help you out on?