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The Politics Thread

Discussion in 'Tottenham Hotspur' started by Wandering Yid, Feb 9, 2016.

  1. The RDBD

    The RDBD Well-Known Member

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    1. Is Soros the only target of the anti-semitism ??
    2. Is "Jewish philanthropist" Yiddish for 'scheming globalist c**t' ??
     
    #7801
  2. Found this.......
    https://www.bbc.co.uk/news/amp/world-europe-45498514

    Although any mention of Tory voting is lost at the bottom of the article:

    'Most British Conservative MEPs supported the Hungarian government, arguing that the EU had intruded into purely national matters. They strongly deny it was to secure Hungary's support in the Brexit process or out of admiration for the country's leader.' <laugh>
     
    #7802
  3. #7803
  4. littleDinosaurLuke

    littleDinosaurLuke Well-Known Member

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    #7804
  5. deedub93

    deedub93 Well-Known Member

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    Is that such a bad thing? For a long time over inflated house prices have stopped many young people getting on the housing ladder. Yes many buy-to-let speculators and foreign investors might become unstuck, but hey-ho, every cloud has a silver lining. My house has almost doubled in value since I bought it in 2004, a 35% fall wouldn't worry me in the slightest. I have just over 5 years left on my mortgage but I have no plans to sell it and even if I did, the purchase price of a new property would be relative. To me,resetting the starting line might be a good thing.
     
    #7805
  6. The RDBD

    The RDBD Well-Known Member

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    Residential property has an ABSOLUTE and RELATIVE value.

    The first (as my colleague says) is the value if you sell it and
    move into a tent pitched outside the property.

    The second is wrt to a property you wish to move into after
    selling your current property. The relative value is the difference
    in prices between the two.

    So if you have no tent, the absolute value is meaningless :

    1. unless you are using it for other purposes (security for a loan etc) .

    2. if you are moving, as relative value is most important
     
    #7806
  7. Spudulike

    Spudulike Well-Known Member

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    Mark "Ex-Goldman Sachs" Carney, you know that lovely firm of bankers that cooked Greece's books, tells us to be **** scared that our house values will plummet, leaving us in negative equity. Yet doesn't offer up any plausible reason why this would occur.

    Last time I checked, the housing market in this country was so over inflated due to supply and demand. Somehow that will all change next year if we get no deal and go to WTO rules will it? I'm all ears.
     
    #7807
  8. deedub93

    deedub93 Well-Known Member

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    I agree 100% although the absolute value is relative:emoticon-0102-bigsm

    Take Sheikh Johnny Al Foreigner

    He invests in UK property in say 2014 using his 'hard earned' oil money in USD, £1 = US$1.76 in 2014. Say he invests £10 M = US$17.6 M

    Them nasty Brits then vote to Frank Bough from the EU, the pound falls to US$1.30 whilst UK property rises 15% in that time, his investment = £11.5 M but 11.5*1.3 = US$14.95 M, dear old Johnny Al has sh!te out on US$2.65 M .

    Now if we get a further 35% reduction as Mark Carney seems to think could happen = £11.5-£11.5*.35 = £7.475 M...............................£7.475*1.3= US$9.7175 M, i.e in Absolute terms johnny loses US$7.8825 M, definitely relative. Lucky a lot of Arabs traditionally have tents.
     
    #7808
  9. deedub93

    deedub93 Well-Known Member

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    It needs a significant rise in unemployment to cause many repossessions for that to happen. I don't think that that will happen because the fundamentals of the British economy are good, low pound, no longer an overpaid workforce, relatively easy to hire and fire, no real union power. A Corbyn election victory would cause far more damage than a clean Brexit.
     
    #7809
  10. Spudulike

    Spudulike Well-Known Member

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    Worth pointing out the the UK's debt to GDP ratio is now close to 90% thanks to Blair's and subsequent governments borrowing - that's dangerously high. But seeing we can print our way out of trouble, it's not as bad as being a part of the Eurozone where we'd be right royally screwed. See Greece and Cyprus (bailouts and bail-ins respectively) for the consequences.
     
    #7810

  11. deedub93

    deedub93 Well-Known Member

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    Exactly as long as one doesn't print as much as Venezuela. Having said that a good old bit of inflation would wipe out personal debt pretty quickly and reduce the value of the pound further.
     
    #7811
  12. PowerSpurs

    PowerSpurs Well-Known Member

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    The debt isn't high because of anything the Blair govt did. It rose because of the failure of the Tory austerity policy to deliver growth to match spending.
     
    #7812
  13. humanbeingincroydon

    humanbeingincroydon Well-Known Member

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    George Freeman, the Tory MP for mid-Norfolk and chair of the PM's Policy Board, has said he will put his name forward if asked to stand as leader.

    Looks like the race just got its stalking horse, now it's time for the runners and riders to show up...
     
    #7813
  14. The RDBD

    The RDBD Well-Known Member

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    Difficult to deliver growth then, when decades of structural economic
    imbalance meant that the industry sector largely pouring into the
    state coffers was the one that was on the brink of implosion.
     
    #7814
  15. PleaseNotPoll

    PleaseNotPoll Well-Known Member
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    Paul Manafort, Donald Trump's former campaign manager, has made a plea agreement with the Mueller investigation.
    He will serve no longer than 10 years in jail in exchange for extensive cooperation and the forfeiture of over $46m.
    The "RiGgEd WiTcH HuNt" claims another self-confessed witch and now makes a profit, apparently.
     
    #7815
    Spur of the Moment likes this.
  16. humanbeingincroydon

    humanbeingincroydon Well-Known Member

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  17. Good luck, indeed! <laugh>

     
    #7817
  18. bigsmithy9

    bigsmithy9 Well-Known Member

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    I wonder if Sarah Sanders sits in her armchair at home thinking "I can't keep telling lies every day.....can I?"
     
    #7818
  19. littleDinosaurLuke

    littleDinosaurLuke Well-Known Member

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    This government's attempts to return us to Victorian Britain are well on course if the state of our prisons are anything to go by.
    No wonder they can't negotiate successfully with more progressive countries over Brexit.
     
    #7819
  20. PleaseNotPoll

    PleaseNotPoll Well-Known Member
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    They want our prisons to be ****. It's easier to sell them all off, then.
     
    #7820

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