Comments on: Saturday Seven Up

By: Max

Max — Mon, 26 Oct 2009 20:15:59 +0000

Re “wealth” it was not anything complex like rent/buy to let or whatever; essentially McDoom had a (technical and perfectly understandable economically based) bee in the bonnet about the UK’s “wealth” ie the wealth of its citizens being too centred upon bricks and mortar and that this carried technical risk for eg inflation. This was sensible and thought through. House price inflation is a factor in boom’n'bust and he was, you will recall, determined to abolish it!

The rest wasn’t at all sensible, particularly if you add in soshulist dogma, envy, greed, incompetence, Prescott etc. Need I go on?

By: Max

Max — Mon, 26 Oct 2009 20:10:03 +0000

As always with ZNL these things go wrong; the intention was to persuade everyone that more houses needed building but the rallying cry was “there is a shortage”. That meant that a price bubble formed in advance of the building programme so you had the perverse situation of increasing oversupply AND rising prices!

Add to the toxic mix uncontrolled credit, compulsory social housing, greed, the demolition of homes in the North East/West (Prescott’s Pathfinder scheme) plus a dictat on building at high density (Prescott again) and you have a decade of distorted markets.

ZNL; Unintended Consequences – That’s What We Do.

By: ex pat canada

ex pat canada — Sun, 25 Oct 2009 18:48:36 +0000

for nell

By: ex pat canada

ex pat canada — Sun, 25 Oct 2009 18:47:45 +0000

take a drive to Bradford, then saunter over to Rochdale, while there drive to Oldham, end of

By: Allan@Aberdeen

Allan@Aberdeen — Sun, 25 Oct 2009 12:37:11 +0000

Absolutely. After all, there are no differences in academic and economic performances between blacks and orientals. And as we all know, Nigeria is as accomplished as Japan.

By: Karma Chameleon

Karma Chameleon — Sun, 25 Oct 2009 08:36:42 +0000

Oh dear. The Guardian technology correspondent was encouraging people to hack the BMP's website in his blog on Friday! http://www.guardian.co.uk/technology/blog/2009/oct/23/you-decide-hacking-political-website

By: Chaim Alumberajaque

Chaim Alumberajaque — Sun, 25 Oct 2009 08:00:12 +0000

Very well point

By: Anonymous

Anonymous — Sun, 25 Oct 2009 07:47:57 +0000

We must not make that mistake again.

By: Doc Trough

Doc Trough — Sun, 25 Oct 2009 07:32:41 +0000

What a piss-weak gesture! It should be imprisonment and seizure of assets – right across the parties. Don’t increase the burden on the already overstretched prison system, use an old quarry and lots of razor wire to create a ‘Trougher’s Pit’.

By: holymoly

holymoly — Sun, 25 Oct 2009 07:31:36 +0000

http://www.telegraph.co.uk/news/newstopics/mps-expenses/6424110/MPs-expenses-wives-demand-watering-down-of-ban-on-family-members.html

they cannot keep their hands out of the till.