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The credit crunch, a global crisis or not?

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The credit crunch, a global crisis or not?

Post by witchfinder on Fri Oct 07, 2011 1:46 pm

The credit crunch, a global crisis or not ?

This was the title of the longest running, active subject on the now discontinued MSN message boards, and when those boards were discontinued the thread was transferred to the newly created Cutting Edge board in March 2011.

OK so who will begin then ? ( Mark III )
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Re: The credit crunch, a global crisis or not?

Post by Phil Hornby on Fri Oct 07, 2011 8:08 pm

So, there I was wondering what to do with life, now that Cutting Edge had been pulled. I had visions of spending all my days in the Pease Pottage Conservative Club, admiring the portrait of Margaret Thatcher and imagining what she would look like on a barbeque spit with an apple in her mouth. And then, out of the blue, came salvation in the shape of this new opportunity to spread the gospel to the masses of just how good it is to have a Tory government. I shall spare no effort in putting the case for them in the coming days. As always... tongue

P. Hornby ( accept no imitations)
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Re: The credit crunch, a global crisis or not?

Post by bobby on Fri Oct 07, 2011 8:32 pm

OK so who will begin then ? ( Mark III )
Let's hope it's 3rd time lucky?
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Re: The credit crunch, a global crisis or not?

Post by astra on Fri Oct 07, 2011 11:09 pm

Where were we before the proboard baby broke wind?

With all the banks being credit downgraded, does this mean that those with money in HSBC or Barklays are reasonably safe to ride the tidal wave that is coming?
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Re: The credit crunch, a global crisis or not?

Post by tlttf on Sat Oct 08, 2011 12:29 pm

Of course it's Global (now), look a the economic giants that spent all those years, well spending everything we had and didn't have. I doubt any of the past government could pass a GCSE in economics. Exclamation

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Re: The credit crunch, a global crisis or not?

Post by Phil Hornby on Sat Oct 08, 2011 1:48 pm

Will the person in the Coalition Cabinet who is not gay please leave the room.


Where do you think you are you going, Dr Fox...? Surprised
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Re: The credit crunch, a global crisis or not?

Post by keenobserver1 on Sat Oct 08, 2011 3:05 pm

Hello all.

It's like the not so big society.

So who did what to get the other boards closed this time?

Did "Bootsie" finally appear?

And I see that Mr Hornby is still showing his eternal support for the Conservatives. tongue
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Re: The credit crunch, a global crisis or not?

Post by Phil Hornby on Sat Oct 08, 2011 3:12 pm

It's the Rev. Hornby if you don't mind Keeno. Haven't you clocked the pic...? Smile
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Re: The credit crunch, a global crisis or not?

Post by Ivan on Sat Oct 08, 2011 3:16 pm

Hello ko1. Thanks for joining us. No, old bootsie never joined us, and we can only speculate on why we were closed down. Two other boards were closed - one for continually posting objectionable content and libel, and the other probably because its membership partially overlapped with the rogue forum. However, I don't think we should dwell on all that here - or we might be considered to be behaving in a similar way!


Last edited by Ivan on Sun Nov 27, 2011 12:28 am; edited 1 time in total
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Hornby Pic

Post by keenobserver1 on Sat Oct 08, 2011 3:17 pm

Thought that was a polo neck jumper?
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Re: The credit crunch, a global crisis or not?

Post by Phil Hornby on Sat Oct 08, 2011 3:20 pm

Do I seem like a chap with no fashion sense?

Don't bother answering that... Embarassed
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Ivan

Post by keenobserver1 on Sat Oct 08, 2011 3:20 pm

Hello Ivan

Wasn't on the other boards for some time, bit busy of late, so wouldn't know what sort of stuff was being posted.

Sounds like a bit comunist styled censorship is alive and well on the internet. silent
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Mr Hornby

Post by keenobserver1 on Sat Oct 08, 2011 3:21 pm

silent
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Re: The credit crunch, a global crisis or not?

Post by oftenwrong on Sat Oct 08, 2011 7:12 pm

Phil Hornby wrote: Do I seem like a chap with no fashion sense?

Don't bother answering that... Embarassed

When are the Insurance Companies going to cotton-on to the fact that those neck-supports simply shout FRAUD!! ?
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Re: The credit crunch, a global crisis or not?

Post by Phil Hornby on Sat Oct 08, 2011 8:39 pm

Damn. De-frocked by a lucky guess..... Rolling Eyes
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Re- Polo Neck

Post by keenobserver1 on Sat Oct 08, 2011 9:19 pm

With it being the weekend, should you not be in different attire?
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Re: The credit crunch, a global crisis or not?

Post by Phil Hornby on Sat Oct 08, 2011 9:24 pm

Careful. Don't judge everyone by yourself, Keeno... Shocked
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Re: The credit crunch, a global crisis or not?

Post by astra on Sat Oct 08, 2011 9:47 pm

As the Late Derek Nimmo would have said - All Surplus over cassock! Shocked


Last edited by astra on Sat Oct 08, 2011 11:38 pm; edited 1 time in total
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Re: The credit crunch, a global crisis or not?

Post by oftenwrong on Sat Oct 08, 2011 10:38 pm

astra wrote:As the Late Derek Nimmo would have said - All Surplus over cassock! Shocked

The only holy thing about me is my socks.
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Re: The credit crunch, a global crisis or not?

Post by astra on Sun Oct 09, 2011 12:40 am

EEEEECH!

IT's all coming out now!! (even a big toe)

I have to concur though, I do have the same problem.

What is it with socks now, nuffin's like the ones me Granny made!
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Re: The credit crunch, a global crisis or not?

Post by Mel on Sun Oct 09, 2011 11:09 am

Phil,

I see you are still trying to cover up those love bites.

Lucky bug*r. Very Happy Ooo sorry Rev.
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Re: The credit crunch, a global crisis or not?

Post by Mel on Sun Oct 09, 2011 11:27 am

The UK is now in a worse situation than in 2008, why????

The quantitative easing has had no effect whatsoever.

Before the election, Cameron and Gideon were blaming Brown for the crisis,
refusing for political gain to agree that it was a Global Crisis.

Now having blamed the weather, Greece and an abundance of other excuses
as to why we have no growth and no improvement in the countries economic
situation, including higher unemployment, higher inflation, fear hitting the
spending in the high streets.

Tory ideology is putting this country at risk of collapse, perhaps even worse
that in the thirties. Now all we hear is that the problem is "Global one" from
Gideon and Camercon. How rich is that??
,
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Re: The credit crunch, a global crisis or not?

Post by oftenwrong on Sun Oct 09, 2011 1:09 pm

Mel wrote:The UK is now in a worse situation than in 2008, why????

The quantitative easing has had no effect whatsoever.

Before the election, Cameron and Gideon were blaming Brown for the crisis,
refusing for political gain to agree that it was a Global Crisis.

Now having blamed the weather, Greece and an abundance of other excuses
as to why we have no growth and no improvement in the countries economic
situation, including higher unemployment, higher inflation, fear hitting the
spending in the high streets.

Tory ideology is putting this country at risk of collapse, perhaps even worse
that in the thirties. Now all we hear is that the problem is "Global one" from
Gideon and Camercon. How rich is that??
,

My favourite "Gideon Quote" is the one in which he stated,
Quantitative Easing is the last resort of desperate governments.
That was in 2009, from the opposition benches.

Oops!
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Libel!

Post by Phil Hornby on Sun Oct 09, 2011 1:36 pm

Quote : " Phil,

I see you are still trying to cover up those love bites. "

A disgraceful slur, Mel. You will be hearing from my solicitor and the Bishop.

Er, hang on... forget the latter - I've just remembered where the love bites came from...
Embarassed
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Re: The credit crunch, a global crisis or not?

Post by Mel on Sun Oct 09, 2011 7:15 pm

A female Bishop, dare I ask?? Shocked
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Re: The credit crunch, a global crisis or not?

Post by Phil Hornby on Sun Oct 09, 2011 8:08 pm

It was dark and I didn't ask... Shocked
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Re: The credit crunch, a global crisis or not?

Post by astra on Sun Oct 09, 2011 8:56 pm

Mr. Phil,

Just use my excuse -


"It was a short sighted old doctor removing your blackheads!!!! Laughing Embarassed bounce
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Re: The credit crunch, a global crisis or not?

Post by oftenwrong on Sun Oct 09, 2011 10:30 pm

We may consider ourselves fortunate indeed to have access to such a wealth of experience from within the membership. Perhaps Cutting Edge contains the nucleus of an alternate Health Service if Tory Will prevails on that front.
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Re: The credit crunch, a global crisis or not?

Post by sickchip on Wed Oct 12, 2011 2:29 pm

quantitative easing has never worked.
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Re: The credit crunch, a global crisis or not?

Post by atv on Wed Oct 12, 2011 5:49 pm

Good Evening everyone.
Finally found you all, hope you are all keeping well.
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Re: The credit crunch, a global crisis or not?

Post by witchfinder on Wed Oct 12, 2011 6:14 pm

Nice to see atv back - WELCOME
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Re: The credit crunch, a global crisis or not?

Post by atv on Wed Oct 12, 2011 6:51 pm

Thank you witchfinder, and thank you Ivan, for your email, hopefully this will be third time lucky.
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Re: The credit crunch, a global crisis or not?

Post by Mel on Wed Oct 12, 2011 7:29 pm

Welcome atv.

I have missed your input. Glad you found us. Smile
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Re: The credit crunch, a global crisis or not?

Post by Phil Hornby on Fri Oct 14, 2011 3:24 pm

( 24dash.com)

" Any mail for me from Mr Letwin...?"
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Re: The credit crunch, a global crisis or not?

Post by astradt1 on Fri Oct 14, 2011 4:03 pm

Phil Hornby wrote: ( 24dash.com)

" Any mail for me from Mr Letwin...?"


lol!
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Re: The credit crunch, a global crisis or not?

Post by oftenwrong on Fri Oct 14, 2011 5:20 pm

A year ago, someone would have commented, "You couldn't make it up!"
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Re: The credit crunch, a global crisis or not?

Post by Mel on Sat Oct 15, 2011 9:43 am

A year ago, someone would have commented, "You couldn't make it up!".

I wonder who that "someone" was and where, he, she, it is now????? Very Happy Very Happy

Still living in Bexhell no doubt.
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Re: The credit crunch, a global crisis or not?

Post by atv on Sat Oct 15, 2011 11:19 am

I wonder to what extent the change of deflator has played a role in changing the real GDP data. In fact the ONS explain this might have had an impact and the change in real GDP in the early 2000s of about 0.6% is consistent with most economist appraisal of the difference between the RPI and CPI measures. The peak-to-trough fall in GDP during recession is now put at 7.1% from an estimate of 6.4% previously. The new figures suggest the economy was already deep in recession before the fall of Lehman Brothers in September 2008: GDP fell by 1.3% in the second quarter of 2008 and by 2% in the third quarter, much larger declines than had previously been estimated.
It's very interesting that now, years later, reported economic numbers from the past are being altered and are now more accurate. Maybe it is a good thing that at the time the people were unaware of how hard the economy was falling.
Looks to me as though things were worse than we first thought.
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Re: The credit crunch, a global crisis or not?

Post by atv on Sat Oct 15, 2011 1:35 pm

Mel,
Thank you for my welcome, my apologies for not thanking you earlier.
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Re: The credit crunch, a global crisis or not?

Post by oftenwrong on Sat Oct 15, 2011 5:39 pm

atv wrote:I wonder to what extent the change of deflator has played a role in changing the real GDP data. In fact the ONS explain this might have had an impact and the change in real GDP in the early 2000s of about 0.6% is consistent with most economist appraisal of the difference between the RPI and CPI measures. The peak-to-trough fall in GDP during recession is now put at 7.1% from an estimate of 6.4% previously. The new figures suggest the economy was already deep in recession before the fall of Lehman Brothers in September 2008: GDP fell by 1.3% in the second quarter of 2008 and by 2% in the third quarter, much larger declines than had previously been estimated.
It's very interesting that now, years later, reported economic numbers from the past are being altered and are now more accurate. Maybe it is a good thing that at the time the people were unaware of how hard the economy was falling.
Looks to me as though things were worse than we first thought.

Things could only be better than we thought if people at the time had understood that spending next years' wages before you got them could end in tears.
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Re: The credit crunch, a global crisis or not?

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