Why be partisan about homeowners at all, Mr Brown ?
Winners and losers in price falls, surely - why back one or the other ????
Oh - I see ! Your economic 'miracle' goes something like this:
Pack the country full of people in the biggest wave of mass immigration in the history of man - driving up the cost of houses. Tell householders that they've never had it so good and enable them to borrow borrow borrow against their 'assets' thus perpetuating a merry-go-round of high street spending on the never-never.
An economy which, outside the City, survives by selling overpriced houses and cappuccinos to one another, is going to "take it up the clacker", as that nice expression goes, when the banks, and then the Great British Public, discover that there is a cycle in the property market.
And British cycles, as any fule kno, tend to overshoot on the upside and the downside.
"If you will not fight for the right when you can easily win without bloodshed, if you will not fight when your victory will be sure and not so costly, you may come to the moment when you will have to fight with all the odds against you and only a precarious chance for survival. There may be a worse case. You may have to fight when there is no chance of victory, because it is better to perish than to live as slaves".
Too True
"That such an unnecessary and irrational project as building a European superstate was ever embarked upon will seem in future years to be perhaps the greatest folly of the modern era.”
"We are a nation with a government, not the other way round".
Reagan, inaugural speech, Jan 20 1981
(Interim) Last Word on the Subject
Stated briefly, I will simply try to clarify what the debate over climate change is really about. It most certainly is not about whether climate is changing: it always is. It is not about whether CO2 is increasing: it clearly is. It is not about whether the increase in CO2, by itself, will lead to some warming: it should. The debate is simply over the matter of how much warming the increase in CO2 can lead to, and the connection of such warming to the innumerable claimed catastrophes. The evidence is that the increase in CO2 will lead to very little warming, and that the connection of this minimal warming (or even significant warming) to the purported catastrophes is also minimal. The arguments on which the catastrophic claims are made are extremely weak – and commonly acknowledged as such. They are sometimes overtly dishonest.
Prof Richard Lindzen, Alfred P. Sloan professor of meteorology at the Massachusetts Institute of Technology. Atmospheric Brainbox of the World
7 comments:
Surely he has been photo shopped into this picture? Extraordinary. What a statesman. Too gobsmacked to think of a caption.
I think it's kosher, lil. I blagged it from the Speccy blog.
My guess is the young chaps behind are carefully sticking a post-it note to his back. I doubt the message on the post-it note is complimentary.
Bloke on Bruin's left "Who is this asshole snoring in my ear?"
Spad behind - whispering "That's Gon Dun Brun, the Saviour of the Pillock Multinational Scottish Party in Engerlund'
Bloke on Bruin's left 'Does he speak English though?'
Spad behind - whispering "Dunno, he's only just come out from hiding in the john while we do the real work...'
Bloke on Bruin's left 'Hey, bogey-nose, who the hell are yah?'
Bruin 'My little runaway, my run run run run runaway....'
All the Americans present...'Asshole...'
He's perhaps looking upwards, unable to judge depth being monosighted and realising that the roof's caving in, albeit metaphorically, on his career!
Welcome craig.
I do hope you are right.
Why be partisan about homeowners at all, Mr Brown ?
Winners and losers in price falls, surely - why back one or the other ????
Oh - I see ! Your economic 'miracle' goes something like this:
Pack the country full of people in the biggest wave of mass immigration in the history of man - driving up the cost of houses. Tell householders that they've never had it so good and enable them to borrow borrow borrow against their 'assets' thus perpetuating a merry-go-round of high street spending on the never-never.
By Jove! I think you've got it, E-K.
An economy which, outside the City, survives by selling overpriced houses and cappuccinos to one another, is going to "take it up the clacker", as that nice expression goes, when the banks, and then the Great British Public, discover that there is a cycle in the property market.
And British cycles, as any fule kno, tend to overshoot on the upside and the downside.
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