Me too. How depressing SWT feel they have to 'investigate' the incident rather than joining in the joke and just giving a heads-up to the employee (privately) that they also think he's very funny but be wary of not going too far in future.
I see the professionally offended are expressing faux-outrage over Heather Wheeler's light-hearted comment on twitter that the British Empire finished first in the Olympics.
Would you say that it's more than, less than or about the same as the amount of people who got a feather up their arse about the EU claim to have finished first in the Olympics?
I;ve seen quite a lot of excitement elsewhere that if Wales was independent they’d have more medals per capita than everywhere except New Zealand. Where the funding for Jade et al would have come from of course is a different question.
I see the professionally offended are expressing faux-outrage over Heather Wheeler's light-hearted comment on twitter that the British Empire finished first in the Olympics.
Would you say that it's more than, less than or about the same as the amount of people who got a feather up their arse about the EU claim to have finished first in the Olympics?
I couldn't really care less about that.
Out of interest, by my calculation, the Roman Empire would have taken 85 golds, 79 silver, 77 bronze (giving them one third of Germany's medals).
Me too. How depressing SWT feel they have to 'investigate' the incident rather than joining in the joke and just giving a heads-up to the employee (privately) that they also think he's very funny but be wary of not going too far in future.
There was a report of a guard saying children left on the train would be sold to the circus
Amusing guards are great fun - we used to have a few comedians when I commuted, they really lightened the mood and prompted conversations amongst passengers, who'd ignored each other for months before.
I posted a few days ago that I thought that post-referendum fears over falling house prices might be overdone, and there's some evidence coming in to support that view, at least for the moment. Persimmon's figures today are really quite bullish, and support what other housebuilders have been saying.
I think the negativity after the vote has been massively overdone. Carney's rate cut feels like a huge overreaction now, I guess it was a case of being seen to be decisive. Hopefully they reverse it and rates start to rise.
My expectations of 0.2-0.3% growth for Q3 may end up being an underestimate.
Yes indeed. Fairly unsurprisingly, after an initial shock that created a week or so of paralysis, since nothing has actually happened, most people settle down and carry on as if nothing has happened.
We won't actually know very much about the impacts of Brexit, good and bad, until at least a year or two after it has actually happened. Meanwhile all the comment about this or that indicator is just froth.
Well, yes. I think that's what a lot of people have been saying for a while, but some others wanted to take 2-3 weeks of sentiment based indicators as evidence for a recession, aided and abetted by the bitter remainers in the media.
The government itself, in its official Treasury document, predicted an immediate and profound shock after a LEAVE vote (not Brexit, the vote) followed by mad interest rates, an Emergency Budget, tax rises, surging unemployment, recession. And so forth. Completely and utterly wrong. Experts, pfff.
I see the professionally offended are expressing faux-outrage over Heather Wheeler's light-hearted comment on twitter that the British Empire finished first in the Olympics.
I'm not offended. But it does mark her out as a complete honking cretin who apparently hasn't noticed that the world has moved on since she was born. This woman is in Parliament. I suppose idiots need their fair share of representation there, same as everyone else.
I have a pith helmet at home and map of the British Empire on my wall.
I like to dress up when I watch my favourite films: Zulu, The Four Feathers and The Drum.
Me too. How depressing SWT feel they have to 'investigate' the incident rather than joining in the joke and just giving a heads-up to the employee (privately) that they also think he's very funny but be wary of not going too far in future.
There’s a link below to a TransPennine exchange where someone complained about a man wearing a dress on a train. TP employee replied that this was 21st C and if they’d got a ticket they were welcome!
I see the professionally offended are expressing faux-outrage over Heather Wheeler's light-hearted comment on twitter that the British Empire finished first in the Olympics.
Would you say that it's more than, less than or about the same as the amount of people who got a feather up their arse about the EU claim to have finished first in the Olympics?
I;ve seen quite a lot of excitement elsewhere that if Wales was independent they’d have more medals per capita than everywhere except New Zealand. Where the funding for Jade et al would have come from of course is a different question.
Given how regressive a form of tax lottery tickets are probably more money than the rest of the UK...
'I've yet to talk to anyone who thinks the interest rate cut is a good idea. Consensus is that it is perfectly designed to hurt banks without helping anyone. Then again, i do hang out with a lot of bankers...
(View is thatCarney felt he needed to be seen to do something rather than actually having any worthwhile ideas)'
Exactly, did Carney think that millions more shoppers would hit the high street as a result of a 0.25% cut in interest rates ?
This just looks like a panic measure or more likely Carney trying to prove a point as it goes hand in hand with him constantly talking down our economy.
More worrying is if there really is an economic hit with Brexit later on, the ammo box is now empty.
I posted a few days ago that I thought that post-referendum fears over falling house prices might be overdone, and there's some evidence coming in to support that view, at least for the moment. Persimmon's figures today are really quite bullish, and support what other housebuilders have been saying.
I think the negativity after the vote has been massively overdone. Carney's rate cut feels like a huge overreaction now, I guess it was a case of being seen to be decisive. Hopefully they reverse it and rates start to rise.
My expectations of 0.2-0.3% growth for Q3 may end up being an underestimate.
I've yet to talk to anyone who thinks the interest rate cut is a good idea. Consensus is that it is perfectly designed to hurt banks without helping anyone. Then again, i do hang out with a lot of bankers...
(View is thatCarney felt he needed to be seen to do something rather than actually having any worthwhile ideas)
Why does the rate cut hurt the banks ?
I'd have thought hiking rates up to a 'historic norm' of 4% would be more damaging.
They're getting lots of el cheapo cash with QE anyhow.
'I've yet to talk to anyone who thinks the interest rate cut is a good idea. Consensus is that it is perfectly designed to hurt banks without helping anyone. Then again, i do hang out with a lot of bankers...
(View is thatCarney felt he needed to be seen to do something rather than actually having any worthwhile ideas)'
Exactly, did Carney think that millions more shoppers would hit the high street as a result of a 0.25% cut in interest rates ?
This just looks like a panic measure or more likely Carney trying to prove a point as it goes hand in hand with him constantly talking down our economy.
More worrying is if there really is an economic hit with Brexit later on, the ammo box is now empty.
Given that there was various comments pre the referendum that interest rates would need to rise, cutting them may be argued that it emphasises that things are fine....
ersonally it was an utterly insane cut but its not something that can be quickly corrected so everyone will have to live with it...
Mr. F, poor Antoninus Pius. Emperor for over two decades, brought peace (largely) to the Empire, and nobody ever remembers him. A bit like a pacifist[ish] version of Aurelian.
I see the professionally offended are expressing faux-outrage over Heather Wheeler's light-hearted comment on twitter that the British Empire finished first in the Olympics.
I'm not offended. But it does mark her out as a complete honking cretin who apparently hasn't noticed that the world has moved on since she was born. This woman is in Parliament. I suppose idiots need their fair share of representation there, same as everyone else.
She's an A Lister, so only got in because she's a woman.
It is the Conservative party equivalent of AWS. We can see in the Labour MPs the effect AWS has had.
I posted a few days ago that I thought that post-referendum fears over falling house prices might be overdone, and there's some evidence coming in to support that view, at least for the moment. Persimmon's figures today are really quite bullish, and support what other housebuilders have been saying.
I think the negativity after the vote has been massively overdone. Carney's rate cut feels like a huge overreaction now, I guess it was a case of being seen to be decisive. Hopefully they reverse it and rates start to rise.
My expectations of 0.2-0.3% growth for Q3 may end up being an underestimate.
I've yet to talk to anyone who thinks the interest rate cut is a good idea. Consensus is that it is perfectly designed to hurt banks without helping anyone. Then again, i do hang out with a lot of bankers...
(View is thatCarney felt he needed to be seen to do something rather than actually having any worthwhile ideas)
Why does the rate cut hurt the banks ?
I'd have thought hiking rates up to a 'historic norm' of 4% would be more damaging.
They're getting lots of el cheapo cash with QE anyhow.
'I've yet to talk to anyone who thinks the interest rate cut is a good idea. Consensus is that it is perfectly designed to hurt banks without helping anyone. Then again, i do hang out with a lot of bankers...
(View is thatCarney felt he needed to be seen to do something rather than actually having any worthwhile ideas)'
Exactly, did Carney think that millions more shoppers would hit the high street as a result of a 0.25% cut in interest rates ?
This just looks like a panic measure or more likely Carney trying to prove a point as it goes hand in hand with him constantly talking down our economy.
More worrying is if there really is an economic hit with Brexit later on, the ammo box is now empty.
Quite. I really think they thought they needed to be seen to be doing "something/anything", and they are blindly following the old rule book of interest rate cuts equals stimulating the economy. Given we are in real danger of what I believe is called the "liquidity trap" it was madness.
The best I can say for it is it might have contributed just partly to Sterling's weakness, but there again it will take us a year and a lot of negotiating even at 1.15 Euro to the £ to earn back any exchange windfall which will promptly go straight into the extra cash being demanded right now for the pension scheme, which has been made to look sicker than it was precisely because the interest rate/gilt yield environment has been made worse by Carney and his merry men running around cutting rates and spraying yet more QE around because they think the end is nigh.
Carney cannot be fired fast enough as far as I am concerned.
'I've yet to talk to anyone who thinks the interest rate cut is a good idea. Consensus is that it is perfectly designed to hurt banks without helping anyone. Then again, i do hang out with a lot of bankers...
(View is thatCarney felt he needed to be seen to do something rather than actually having any worthwhile ideas)'
Exactly, did Carney think that millions more shoppers would hit the high street as a result of a 0.25% cut in interest rates ?
This just looks like a panic measure or more likely Carney trying to prove a point as it goes hand in hand with him constantly talking down our economy.
More worrying is if there really is an economic hit with Brexit later on, the ammo box is now empty.
Quite. I really think they thought they needed to be seen to be doing "something/anything", and they are blindly following the old rule book of interest rate cuts equals stimulating the economy. Given we are in real danger of what I believe is called the "liquidity trap" it was madness.
The best I can say for it is it might have contributed just partly to Sterling's weakness, but there again it will take us a year and a lot of negotiating even at 1.15 Euro to the £ to earn back any exchange windfall which will promptly go straight into the extra cash being demanded right now for the pension scheme, which has been made to look sicker than it was precisely because the interest rate/gilt yield environment has been made worse by Carney and his merry men running around cutting rates and spraying yet more QE around because they think the end is nigh.
Carney cannot be fired fast enough as far as I am concerned.
At these levels, how can banks make money other than increasing charges to users?
I posted a few days ago that I thought that post-referendum fears over falling house prices might be overdone, and there's some evidence coming in to support that view, at least for the moment. Persimmon's figures today are really quite bullish, and support what other housebuilders have been saying.
I think the negativity after the vote has been massively overdone. Carney's rate cut feels like a huge overreaction now, I guess it was a case of being seen to be decisive. Hopefully they reverse it and rates start to rise.
My expectations of 0.2-0.3% growth for Q3 may end up being an underestimate.
I've yet to talk to anyone who thinks the interest rate cut is a good idea. Consensus is that it is perfectly designed to hurt banks without helping anyone. Then again, i do hang out with a lot of bankers...
(View is thatCarney felt he needed to be seen to do something rather than actually having any worthwhile ideas)
Why does the rate cut hurt the banks ?
I'd have thought hiking rates up to a 'historic norm' of 4% would be more damaging.
They're getting lots of el cheapo cash with QE anyhow.
'I've yet to talk to anyone who thinks the interest rate cut is a good idea. Consensus is that it is perfectly designed to hurt banks without helping anyone. Then again, i do hang out with a lot of bankers...
(View is thatCarney felt he needed to be seen to do something rather than actually having any worthwhile ideas)'
Exactly, did Carney think that millions more shoppers would hit the high street as a result of a 0.25% cut in interest rates ?
This just looks like a panic measure or more likely Carney trying to prove a point as it goes hand in hand with him constantly talking down our economy.
More worrying is if there really is an economic hit with Brexit later on, the ammo box is now empty.
Quite. I really think they thought they needed to be seen to be doing "something/anything", and they are blindly following the old rule book of interest rate cuts equals stimulating the economy. Given we are in real danger of what I believe is called the "liquidity trap" it was madness.
The best I can say for it is it might have contributed just partly to Sterling's weakness, but there again it will take us a year and a lot of negotiating even at 1.15 Euro to the £ to earn back any exchange windfall which will promptly go straight into the extra cash being demanded right now for the pension scheme, which has been made to look sicker than it was precisely because the interest rate/gilt yield environment has been made worse by Carney and his merry men running around cutting rates and spraying yet more QE around because they think the end is nigh.
Carney cannot be fired fast enough as far as I am concerned.
Yep. When he gets his marching orders it'll be an Osborne moment. A sign we mean business.
I see the professionally offended are expressing faux-outrage over Heather Wheeler's light-hearted comment on twitter that the British Empire finished first in the Olympics.
I'm not offended. But it does mark her out as a complete honking cretin who apparently hasn't noticed that the world has moved on since she was born. This woman is in Parliament. I suppose idiots need their fair share of representation there, same as everyone else.
Anything with the word British - or far worse, English - in it upsets you
Mr. F, poor Antoninus Pius. Emperor for over two decades, brought peace (largely) to the Empire, and nobody ever remembers him. A bit like a pacifist[ish] version of Aurelian.
Generally, you have to be a great conqueror to be remembered centuries later (there are exceptions like Cicero). Aurelian probably would be remembered as a great conqueror (or reconqueror) but almost all literature from the Third Century has disappeared (whereas far more has survived from 100 BC to 100 AD).
Apart from the usual suspects, very few puerile faces on pbCOM today.
Is anyone else finding post Brexit social engagements awkward? I've just had to get my friend email her seating arrangement for a formal engagement this Saturday to ensure that I have not been inadvertently positioned next to any Brexit pillocks. Tories are OK, but Bexit, no way.
It's a good job I'm not single- the exclusion list for potential partners is growing- meat eaters (imagine kissing someone with a bit of bacon stuck in their teeth..... gross), right wing zealots, anyone who remotely thinks that the badger cull is acceptable, and the 52% who voted Brexit.....
I see the professionally offended are expressing faux-outrage over Heather Wheeler's light-hearted comment on twitter that the British Empire finished first in the Olympics.
I'm not offended. But it does mark her out as a complete honking cretin who apparently hasn't noticed that the world has moved on since she was born. This woman is in Parliament. I suppose idiots need their fair share of representation there, same as everyone else.
Anything with the word British - or far worse, English - in it upsets you
I realise that you are among the denser posters on pb, but reread my first sentence.
O/T for those that like Louis thereoux (minus the "act") he did a 3hr sit down on the joe rogan podcast last night. Last time he did this it was absolutely fascinating as he talked about topics ranging from Jimmy saville to death row.
I see the professionally offended are expressing faux-outrage over Heather Wheeler's light-hearted comment on twitter that the British Empire finished first in the Olympics.
I'm not offended. But it does mark her out as a complete honking cretin who apparently hasn't noticed that the world has moved on since she was born. This woman is in Parliament. I suppose idiots need their fair share of representation there, same as everyone else.
The representation they have is most generous, I have to say.
Apart from the usual suspects, very few puerile faces on pbCOM today.
Is anyone else finding post Brexit social engagements awkward? I've just had to get my friend email her seating arrangement for a formal engagement this Saturday to ensure that I have not been inadvertently positioned next to any Brexit pillocks. Tories are OK, but Bexit, no way.
It's a good job I'm not single- the exclusion list for potential partners is growing- meat eaters (imagine kissing someone with a bit of bacon stuck in their teeth..... gross), right wing zealots, anyone who remotely thinks that the badger cull is acceptable, and the 52% who voted Brexit.....
I think you're excluding about 98% of the population, one way or another.
There seems to be a curious consensus here that Carney should be sacked because the economy didn't collapse.
Not sacked, but rein in the rhetoric at least. I don't think he will renew his contract though, I imagine a lucrative stint with Goldman Sachs awaits. Hopefully the chancellor can nab Raghuram Rajan before someone else does. It would be nice to have a more hawkish outlook.
'I've yet to talk to anyone who thinks the interest rate cut is a good idea. Consensus is that it is perfectly designed to hurt banks without helping anyone. Then again, i do hang out with a lot of bankers...
(View is thatCarney felt he needed to be seen to do something rather than actually having any worthwhile ideas)'
Exactly, did Carney think that millions more shoppers would hit the high street as a result of a 0.25% cut in interest rates ?
This just looks like a panic measure or more likely Carney trying to prove a point as it goes hand in hand with him constantly talking down our economy.
More worrying is if there really is an economic hit with Brexit later on, the ammo box is now empty.
Quite. I really think they thought they needed to be seen to be doing "something/anything", and they are blindly following the old rule book of interest rate cuts equals stimulating the economy. Given we are in real danger of what I believe is called the "liquidity trap" it was madness.
The best I can say for it is it might have contributed just partly to Sterling's weakness, but there again it will take us a year and a lot of negotiating even at 1.15 Euro to the £ to earn back any exchange windfall which will promptly go straight into the extra cash being demanded right now for the pension scheme, which has been made to look sicker than it was precisely because the interest rate/gilt yield environment has been made worse by Carney and his merry men running around cutting rates and spraying yet more QE around because they think the end is nigh.
Carney cannot be fired fast enough as far as I am concerned.
At these levels, how can banks make money other than increasing charges to users?
Yes, we had our bank manager in last week (to whom we owe no money) muttering about "increased fees". Quelle surprise.
It would behove the BoE far better to consider that the financial and housing markets are in danger of being warped into Dutch Tulip mode by this exotic policy. We need some inflation so we can raise rates a bit, which will give some yield, and start to bring back some normality. They should be thinking "how do we get to 3% interest rates?", but it just seems beyond them and they seem oblivious (to my ken) to the damage they are doing now.
Mr. F, sadly, I think you're right. But even Trajan doesn't have much written about him, despite the intriguing line 'may he be as virtuous as Trajan' [or similar] used for later emperors.
Daft that we seem to have more about Caligula than Trajan or Aurelian.
Apart from the usual suspects, very few puerile faces on pbCOM today.
Is anyone else finding post Brexit social engagements awkward? I've just had to get my friend email her seating arrangement for a formal engagement this Saturday to ensure that I have not been inadvertently positioned next to any Brexit pillocks. Tories are OK, but Bexit, no way.
It's a good job I'm not single- the exclusion list for potential partners is growing- meat eaters (imagine kissing someone with a bit of bacon stuck in their teeth..... gross), right wing zealots, anyone who remotely thinks that the badger cull is acceptable, and the 52% who voted Brexit.....
You're a very strange person, tyson. Vibrant Italy is the most racist in all of western Europe, and yet not a bad word will be said about it, tolerant Britain votes to Leave a failing political union and it is now lambasted as racist. Very odd.
O/T for those that like Louis thereoux (minus the "act") he did a 3hr sit down on the joe rogan podcast last night. Last time he did this it was absolutely fascinating as he talked about topics ranging from Jimmy saville to death row.
I Louis - he's got the most faux naive non-threatening manner - it's a tremendous skill that totally disarms his interviewees. His Wild Weekend series is wincingly excellent.
'I've yet to talk to anyone who thinks the interest rate cut is a good idea. Consensus is that it is perfectly designed to hurt banks without helping anyone. Then again, i do hang out with a lot of bankers...
(View is thatCarney felt he needed to be seen to do something rather than actually having any worthwhile ideas)'
Exactly, did Carney think that millions more shoppers would hit the high street as a result of a 0.25% cut in interest rates ?
This just looks like a panic measure or more likely Carney trying to prove a point as it goes hand in hand with him constantly talking down our economy.
More worrying is if there really is an economic hit with Brexit later on, the ammo box is now empty.
Quite. I really think they thought they needed to be seen to be doing "something/anything", and they are blindly following the old rule book of interest rate cuts equals stimulating the economy. Given we are in real danger of what I believe is called the "liquidity trap" it was madness.
The best I can say for it is it might have contributed just partly to Sterling's weakness, but there again it will take us a year and a lot of negotiating even at 1.15 Euro to the £ to earn back any exchange windfall which will promptly go straight into the extra cash being demanded right now for the pension scheme, which has been made to look sicker than it was precisely because the interest rate/gilt yield environment has been made worse by Carney and his merry men running around cutting rates and spraying yet more QE around because they think the end is nigh.
Carney cannot be fired fast enough as far as I am concerned.
At these levels, how can banks make money other than increasing charges to users?
Yes, we had our bank manager in last week (to whom we owe no money) muttering about "increased fees". Quelle surprise.
It would behove the BoE far better to consider that the financial and housing markets are in danger of being warped into Dutch Tulip mode by this exotic policy. We need some inflation so we can raise rates a bit, which will give some yield, and start to bring back some normality. They should be thinking "how do we get to 3% interest rates?", but it just seems beyond them and they seem oblivious (to my ken) to the damage they are doing now.
We are then back to the question of the last 15 years, how do you create inflation....
I see the professionally offended are expressing faux-outrage over Heather Wheeler's light-hearted comment on twitter that the British Empire finished first in the Olympics.
I wonder how well the Third Reich would have done!
There seems to be a curious consensus here that Carney should be sacked because the economy didn't collapse.
Not sacked, but rein in the rhetoric at least. I don't think he will renew his contract though, I imagine a lucrative stint with Goldman Sachs awaits. Hopefully the chancellor can nab Raghuram Rajan before someone else does. It would be nice to have a more hawkish outlook.
I don't think that the BoE can do any more. It's over to Phil Hammond, and perhaps even more Greg Clark who needs to crack on with the structural and regulatory changes which Javid didn't seem to get very far with.
'I've just had to get my friend email her seating arrangement for a formal engagement this Saturday to ensure that I have not been inadvertently positioned next to any Brexit pillocks. Tories are OK, but Bexit, no way.'
Did she mention that she was too busy with the long list of people that have already asked not to be anywhere near you ?
According to the CBI today export orders posted their best performance in two years (partly because of weak sterling).
Fantastic news, the pound has been overvalued for a few years now so good to see the adjustment having an effect so quickly.
There will be two stages, first the sugar rush and later, if the weakness is sustained and we get free trade for goods and services with the EU sorted out, investment in middle manufacturing which is currently unviable in the UK due to high energy prices and cheaper German adjusted labour costs.
I'm about to take out a mortgage for a £500k+ house.
Scary until you think that interest rates are so low that most of the £1,500 I'll be paying each month will be equity.
So, in effect, my mortgage will be a compulsory savings scheme of c.£900-£1,000 a month.
Assuming property prices creep up, as long as they do so by 2-3% a year, that's a better saving scheme that anything else out there. And probably better than renting for my finances by a factor of three.
Congrats!
@SeanT is looking forward to the house warming ...
"Impartial" Editor of Politics.co.uk Tories (spit)... Brexit despair... The website claims that "Politics.co.uk is an impartial political website with no political affiliation... "
Ian Dunt Verified account @IanDunt I have never spoken to so many senior people in diverse fields who are as united in their despair over something as Brexit.
Ian Dunt @IanDunt To think I used to mock D.Mili as an over-promoted, hyper-tedious machine politician. He'd be making mince-meat out of the Tories right now.
'I've yet to talk to anyone who thinks the interest rate cut is a good idea. Consensus is that it is perfectly designed to hurt banks without helping anyone. Then again, i do hang out with a lot of bankers...
(View is thatCarney felt he needed to be seen to do something rather than actually having any worthwhile ideas)'
Exactly, did Carney think that millions more shoppers would hit the high street as a result of a 0.25% cut in interest rates ?
This just looks like a panic measure or more likely Carney trying to prove a point as it goes hand in hand with him constantly talking down our economy.
More worrying is if there really is an economic hit with Brexit later on, the ammo box is now empty.
Given that there was various comments pre the referendum that interest rates would need to rise, cutting them may be argued that it emphasises that things are fine....
ersonally it was an utterly insane cut but its not something that can be quickly corrected so everyone will have to live with it...
There was an excellent piece on Newsnight last night on "was the cost of the GB Olympic team worth it?" I've always been a bit of a sceptic on the basis that the recipients of public money are not required to repay that money as university graduates are, but not any more. The case made "for" was compelling (worth a watch if not seen).
I mention this here because Carney not only talks his corner (most do) but he is uniquely positioned to help make his crystal ball gazing come true. The link to Team GB (which Newsnight made too) is that Remaindereds were for ever telling us that the UK was too small, too insignificant to survive outside the EU other than in severely reduced circumstances. That is demonstrably not true in a sporting context and it looks like it will be proved to be untrue in any other context that comes to mind although I daresay that, for years to come, any hiccup will be a consequence of Brexit in Remaindereds eyes.
O/T for those that like Louis thereoux (minus the "act") he did a 3hr sit down on the joe rogan podcast last night. Last time he did this it was absolutely fascinating as he talked about topics ranging from Jimmy saville to death row.
I Louis - he's got the most faux naive non-threatening manner - it's a tremendous skill that totally disarms his interviewees. His Wild Weekend series is wincingly excellent.
Do you have a linky?
They are rare glimpse into the real world of Theroux, how he makes programs etc. He rarely does media where he talks as himself and especially about behind the curtain stuff (and not for 3hr at at time). PS. I haven't watched all of last nights but first hour he is talking exclusively about Scientology, where as the previous one I have watched is more general.
''There seems to be a curious consensus here that Carney should be sacked because the economy didn't collapse.''
That's not the reason. Compare Carney's comments to those of his predecessor Lord King and ask yourself whether economic considerations or political ones have been uppermost in Carney's mind through this period.
There seems to be a curious consensus here that Carney should be sacked because the economy didn't collapse.
Yup that 0.25% cut made all the difference. Folks down the pub have been spending their £1.23 per month mortgage cut windfalls like billyo. Sales of one extra bag of peanuts, or Bombay mix, and the odd extra half pint have surged to new highs as the UK's economy powers ahead as a result, thanks to Super Carney's blockbuster halving of interest rates.
Meanwhile there's the other group not in the pub who've worked out they now need to save an extra £10 a month for their old age and are drawing their horns in.
To be serious, I simply do not buy that the "old monetary tools" are working any more, in fact I think they are counterproductive.
I see the professionally offended are expressing faux-outrage over Heather Wheeler's light-hearted comment on twitter that the British Empire finished first in the Olympics.
I wonder how well the Third Reich would have done!
''There seems to be a curious consensus here that Carney should be sacked because the economy didn't collapse.''
That's not the reason. Compare Carney's comments to those of his predecessor Lord King and ask yourself whether economic considerations or political ones have been uppermost in Carney's mind through this period.
Or, in plain English, you didn't like being told the facts about the consensus economic forecasts.
There seems to be a curious consensus here that Carney should be sacked because the economy didn't collapse.
Not sacked, but rein in the rhetoric at least. I don't think he will renew his contract though, I imagine a lucrative stint with Goldman Sachs awaits. Hopefully the chancellor can nab Raghuram Rajan before someone else does. It would be nice to have a more hawkish outlook.
I don't think that the BoE can do any more. It's over to Phil Hammond, and perhaps even more Greg Clark who needs to crack on with the structural and regulatory changes which Javid didn't seem to get very far with.
Well I think the consensus is that the BoE overdid it, Sterling has recovered from the post rate cut drop and recent data doesn't point to a falling economy, merely slower growth.
On supply side reforms, absolutely agree. Hopefully we'll get Heathrow 3, crossrail 2 and, lamentably, HS2/3 ready to go ASAP. I do hope someone in the DoT looks at doing HS2 underground in its entirety, it must be possible if the Swiss can build 90km worth of tunnels under the Alps.
Apart from the usual suspects, very few puerile faces on pbCOM today.
Is anyone else finding post Brexit social engagements awkward? I've just had to get my friend email her seating arrangement for a formal engagement this Saturday to ensure that I have not been inadvertently positioned next to any Brexit pillocks. Tories are OK, but Bexit, no way.
It's a good job I'm not single- the exclusion list for potential partners is growing- meat eaters (imagine kissing someone with a bit of bacon stuck in their teeth..... gross), right wing zealots, anyone who remotely thinks that the badger cull is acceptable, and the 52% who voted Brexit.....
I've used the internet since 1997 without ever having recourse to an emoticon, but just for you
Why are you so keen that English cattle should die of tb? Serve them right for voting for Brexit?
Ian Dunt Verified account @IanDunt I have never spoken to so many senior people in diverse fields who are as united in their despair over something as Brexit.
Well there's his problem, perhaps for a change he should speak to the many, many non "senior people" who make up the electorate of this country.
Apart from the usual suspects, very few puerile faces on pbCOM today.
Is anyone else finding post Brexit social engagements awkward? I've just had to get my friend email her seating arrangement for a formal engagement this Saturday to ensure that I have not been inadvertently positioned next to any Brexit pillocks. Tories are OK, but Bexit, no way.
It's a good job I'm not single- the exclusion list for potential partners is growing- meat eaters (imagine kissing someone with a bit of bacon stuck in their teeth..... gross), right wing zealots, anyone who remotely thinks that the badger cull is acceptable, and the 52% who voted Brexit.....
Shame you're not single, I could see a Darwinian benefit
'I've yet to talk to anyone who thinks the interest rate cut is a good idea. Consensus is that it is perfectly designed to hurt banks without helping anyone. Then again, i do hang out with a lot of bankers...
(View is thatCarney felt he needed to be seen to do something rather than actually having any worthwhile ideas)'
Exactly, did Carney think that millions more shoppers would hit the high street as a result of a 0.25% cut in interest rates ?
This just looks like a panic measure or more likely Carney trying to prove a point as it goes hand in hand with him constantly talking down our economy.
More worrying is if there really is an economic hit with Brexit later on, the ammo box is now empty.
Quite. I really think they thought they needed to be seen to be doing "something/anything", and they are blindly following the old rule book of interest rate cuts equals stimulating the economy. Given we are in real danger of what I believe is called the "liquidity trap" it was madness.
The best I can say for it is it might have contributed just partly to Sterling's weakness, but there again it will take us a year and a lot of negotiating even at 1.15 Euro to the £ to earn back any exchange windfall which will promptly go straight into the extra cash being demanded right now for the pension scheme, which has been made to look sicker than it was precisely because the interest rate/gilt yield environment has been made worse by Carney and his merry men running around cutting rates and spraying yet more QE around because they think the end is nigh.
Carney cannot be fired fast enough as far as I am concerned.
At these levels, how can banks make money other than increasing charges to users?
Yes, we had our bank manager in last week (to whom we owe no money) muttering about "increased fees". Quelle surprise.
It would behove the BoE far better to consider that the financial and housing markets are in danger of being warped into Dutch Tulip mode by this exotic policy. We need some inflation so we can raise rates a bit, which will give some yield, and start to bring back some normality. They should be thinking "how do we get to 3% interest rates?", but it just seems beyond them and they seem oblivious (to my ken) to the damage they are doing now.
We are then back to the question of the last 15 years, how do you create inflation....
A currency devaluation is as good a place to start as any...
'I've yet to talk to anyone who thinks the interest rate cut is a good idea. Consensus is that it is perfectly designed to hurt banks without helping anyone. Then again, i do hang out with a lot of bankers...
(View is thatCarney felt he needed to be seen to do something rather than actually having any worthwhile ideas)'
Exactly, did Carney think that millions more shoppers would hit the high street as a result of a 0.25% cut in interest rates ?
This just looks like a panic measure or more likely Carney trying to prove a point as it goes hand in hand with him constantly talking down our economy.
More worrying is if there really is an economic hit with Brexit later on, the ammo box is now empty.
Quite. I really think they thought they needed to be seen to be doing "something/anything", and they are blindly following the old rule book of interest rate cuts equals stimulating the economy. Given we are in real danger of what I believe is called the "liquidity trap" it was madness.
The best I can say for it is it might have contributed just partly to Sterling's weakness, but there again it will take us a year and a lot of negotiating even at 1.15 Euro to the £ to earn back any exchange windfall which will promptly go straight into the extra cash being demanded right now for the pension scheme, which has been made to look sicker than it was precisely because the interest rate/gilt yield environment has been made worse by Carney and his merry men running around cutting rates and spraying yet more QE around because they think the end is nigh.
Carney cannot be fired fast enough as far as I am concerned.
At these levels, how can banks make money other than increasing charges to users?
Yes, we had our bank manager in last week (to whom we owe no money) muttering about "increased fees". Quelle surprise.
It would behove the BoE far better to consider that the financial and housing markets are in danger of being warped into Dutch Tulip mode by this exotic policy. We need some inflation so we can raise rates a bit, which will give some yield, and start to bring back some normality. They should be thinking "how do we get to 3% interest rates?", but it just seems beyond them and they seem oblivious (to my ken) to the damage they are doing now.
We are then back to the question of the last 15 years, how do you create inflation....
Ian Dunt Verified account @IanDunt I have never spoken to so many senior people in diverse fields who are as united in their despair over something as Brexit.
Well there's his problem, perhaps for a change he should speak to the many, many non "senior people" who make up the electorate of this country.
Why speak to experts when the uninformed are both more numerous and easier to get hold of?
''There seems to be a curious consensus here that Carney should be sacked because the economy didn't collapse.''
That's not the reason. Compare Carney's comments to those of his predecessor Lord King and ask yourself whether economic considerations or political ones have been uppermost in Carney's mind through this period.
Oh wow....remember the case of the elderly Muslim "reader" who was murdered and the initial media undertones was it was "backlash" attack, then it transpired it was other Muslims and things went all a bit quiet...well...
Two ISIS supporters used a hammer to beat to death a Muslim leader in a Rochdale park because they believed he was a black magician, a court heard today.
Apart from the usual suspects, very few puerile faces on pbCOM today.
Is anyone else finding post Brexit social engagements awkward? I've just had to get my friend email her seating arrangement for a formal engagement this Saturday to ensure that I have not been inadvertently positioned next to any Brexit pillocks. Tories are OK, but Bexit, no way.
It's a good job I'm not single- the exclusion list for potential partners is growing- meat eaters (imagine kissing someone with a bit of bacon stuck in their teeth..... gross), right wing zealots, anyone who remotely thinks that the badger cull is acceptable, and the 52% who voted Brexit.....
Shame you're not single, I could see a Darwinian benefit
I see the professionally offended are expressing faux-outrage over Heather Wheeler's light-hearted comment on twitter that the British Empire finished first in the Olympics.
I wonder how well the Third Reich would have done!
I fear their racial theories may have impeded their medal success somewhat.
Mr. Meeks, expertise and objectivity, alas, are not the same thing.
The expert Governor of the Bank of England was warning of rate rises if we voted to leave. We did so vote, and rates were cut. It took less than two months for his prediction to be proved 100% wrong.
'I've just had to get my friend email her seating arrangement for a formal engagement this Saturday to ensure that I have not been inadvertently positioned next to any Brexit pillocks. Tories are OK, but Bexit, no way.'
Did she mention that she was too busy with the long list of people that have already asked not to be anywhere near you ?
I’ve got a Brexiter cousin to whom her daughter and offspring (all adults ..... apparently at any rate ......) are not speaking. It was amusing at first, but now she seemed, when I rang her the other night, to be getting upset. Since my cousin is in her early 90’s she doesn’t want any of her family to be “not speaking”!
According to the CBI today export orders posted their best performance in two years (partly because of weak sterling).
Fantastic news, the pound has been overvalued for a few years now so good to see the adjustment having an effect so quickly.
There will be two stages, first the sugar rush and later, if the weakness is sustained and we get free trade for goods and services with the EU sorted out, investment in middle manufacturing which is currently unviable in the UK due to high energy prices and cheaper German adjusted labour costs.
The new government really does need to do something about energy costs. Getting rid of the carbon floor and all the climate change stuff from energy pricing would be a really good start. They don't do anything to reduce emissions, merely move them (and jobs) offshore, damaging the UK economy and Government finances in the process.
''Or, in plain English, you didn't like being told the facts about the consensus economic forecasts. ''
No, I didn;t like being given rubbish forecasts and intimidated by a man more concerned about what his bilderberg friends would think (and where his next highly lucrative and influential appointment was coming from) than giving a balanced assessment of what might happen to the UK economy.
Lord King has no such allegiances. Which is why his assessment was much more balanced, and as it is turning out more, much more correct.
''There seems to be a curious consensus here that Carney should be sacked because the economy didn't collapse.''
That's not the reason. Compare Carney's comments to those of his predecessor Lord King and ask yourself whether economic considerations or political ones have been uppermost in Carney's mind through this period.
IIRC Merv was less than supportive of Carney's pre referendum shenanigans.
Ian Dunt Verified account @IanDunt I have never spoken to so many senior people in diverse fields who are as united in their despair over something as Brexit.
Well there's his problem, perhaps for a change he should speak to the many, many non "senior people" who make up the electorate of this country.
Why speak to experts when the uninformed are both more numerous and easier to get hold of?
You are quite ignorant if you think everyone who backed Brexit isn't an expert.
Mr. Urquhart, surely, "Two mentally ill men suffered trauma after a DIY project went horribly wrong, leading to a fatal accident involving a third party"?
I hope David and David can get the counselling they need. Thank goodness their trauma wasn't exacerbated by the broadcast media reporting it.
Mr. Urquhart, surely, "Two mentally ill men suffered trauma after a DIY project went horribly wrong, leading to a fatal accident involving a third party"?
I hope David and David can get the counselling they need. Thank goodness their trauma wasn't exacerbated by the broadcast media reporting it.
Apart from the usual suspects, very few puerile faces on pbCOM today.
Is anyone else finding post Brexit social engagements awkward? I've just had to get my friend email her seating arrangement for a formal engagement this Saturday to ensure that I have not been inadvertently positioned next to any Brexit pillocks. Tories are OK, but Bexit, no way.
It's a good job I'm not single- the exclusion list for potential partners is growing- meat eaters (imagine kissing someone with a bit of bacon stuck in their teeth..... gross), right wing zealots, anyone who remotely thinks that the badger cull is acceptable, and the 52% who voted Brexit.....
Ian Dunt Verified account @IanDunt I have never spoken to so many senior people in diverse fields who are as united in their despair over something as Brexit.
Well there's his problem, perhaps for a change he should speak to the many, many non "senior people" who make up the electorate of this country.
Why speak to experts when the uninformed are both more numerous and easier to get hold of?
It is not complicated, they have a vote and there are a lot more of them, that's why you need to listen to the "uninformed" as you so charmingly describe them.
Ian Dunt Verified account @IanDunt I have never spoken to so many senior people in diverse fields who are as united in their despair over something as Brexit.
Well there's his problem, perhaps for a change he should speak to the many, many non "senior people" who make up the electorate of this country.
Why speak to experts when the uninformed are both more numerous and easier to get hold of?
You are quite ignorant if you think everyone who backed Brexit isn't an expert.
I would say that outside of the old London County Council area, the "experts" (if we are using that term to mean senior professional and business people) were fairly evenly divided on the merits of Brexit and Remain.
... a man more concerned about what his bilderberg friends would think (and where his next highly lucrative and influential appointment was coming from)...
You are really excellent at making my points much better than I ever could.
'I've yet to talk to anyone who thinks the interest rate cut is a good idea. Consensus is that it is perfectly designed to hurt banks without helping anyone. Then again, i do hang out with a lot of bankers...
(View is thatCarney felt he needed to be seen to do something rather than actually having any worthwhile ideas)'
Exactly, did Carney think that millions more shoppers would hit the high street as a result of a 0.25% cut in interest rates ?
This just looks like a panic measure or more likely Carney trying to prove a point as it goes hand in hand with him constantly talking down our economy.
More worrying is if there really is an economic hit with Brexit later on, the ammo box is now empty.
Quite. I really think they thought they needed to be seen to be doing "something/anything", and they are blindly following the old rule book of interest rate cuts equals stimulating the economy. Given we are in real danger of what I believe is called the "liquidity trap" it was madness.
The best I can say for it is it might have contributed just partly to Sterling's weakness, but there again it will take us a year and a lot of negotiating even at 1.15 Euro to the £ to earn back any exchange windfall which will promptly go straight into the extra cash being demanded right now for the pension scheme, which has been made to look sicker than it was precisely because the interest rate/gilt yield environment has been made worse by Carney and his merry men running around cutting rates and spraying yet more QE around because they think the end is nigh.
Carney cannot be fired fast enough as far as I am concerned.
At these levels, how can banks make money other than increasing charges to users?
Not my field but couldn't they lend out money to individuals and businesses?
King Cole, that's sad to hear. It's just stupid. The whole basis of democracy is that people have varying valid opinions.
Indeed. I don’t understand it either. My cousin, and her husband, have, to me some strange opinions. On the other hand, they were very good to my parents in their last few years, and that to me rates very highly.
'I've yet to talk to anyone who thinks the interest rate cut is a good idea. Consensus is that it is perfectly designed to hurt banks without helping anyone. Then again, i do hang out with a lot of bankers...
(View is thatCarney felt he needed to be seen to do something rather than actually having any worthwhile ideas)'
Exactly, did Carney think that millions more shoppers would hit the high street as a result of a 0.25% cut in interest rates ?
This just looks like a panic measure or more likely Carney trying to prove a point as it goes hand in hand with him constantly talking down our economy.
More worrying is if there really is an economic hit with Brexit later on, the ammo box is now empty.
Quite. I really think they thought they needed to be seen to be doing "something/anything", and they are blindly following the old rule book of interest rate cuts equals stimulating the economy. Given we are in real danger of what I believe is called the "liquidity trap" it was madness.
The best I can say for it is it might have contributed just partly to Sterling's weakness, but there again it will take us a year and a lot of negotiating even at 1.15 Euro to the £ to earn back any exchange windfall which will promptly go straight into the extra cash being demanded right now for the pension scheme, which has been made to look sicker than it was precisely because the interest rate/gilt yield environment has been made worse by Carney and his merry men running around cutting rates and spraying yet more QE around because they think the end is nigh.
Carney cannot be fired fast enough as far as I am concerned.
At these levels, how can banks make money other than increasing charges to users?
Yes, we had our bank manager in last week (to whom we owe no money) muttering about "increased fees". Quelle surprise.
It would behove the BoE far better to consider that the financial and housing markets are in danger of being warped into Dutch Tulip mode by this exotic policy. We need some inflation so we can raise rates a bit, which will give some yield, and start to bring back some normality. They should be thinking "how do we get to 3% interest rates?", but it just seems beyond them and they seem oblivious (to my ken) to the damage they are doing now.
We are then back to the question of the last 15 years, how do you create inflation....
A currency devaluation is as good a place to start as any...
That usually causes a one off shock without lasting impact....
Mr. Meeks, expertise and objectivity, alas, are not the same thing.
The expert Governor of the Bank of England was warning of rate rises if we voted to leave. We did so vote, and rates were cut. It took less than two months for his prediction to be proved 100% wrong.
Why is everyone so eager to claim right and wrong, when apart from the vote nothing has happened yet?? It remains entirely possible that interest rates may yet have to rise significantly, if the weaker currency feeds through to inflation. Or they may not. Come back in a few years to claim your victories, either way....
There seems to be a curious consensus here that Carney should be sacked because the economy didn't collapse.
Not sacked, but rein in the rhetoric at least. I don't think he will renew his contract though, I imagine a lucrative stint with Goldman Sachs awaits. Hopefully the chancellor can nab Raghuram Rajan before someone else does. It would be nice to have a more hawkish outlook.
I don't think that the BoE can do any more. It's over to Phil Hammond, and perhaps even more Greg Clark who needs to crack on with the structural and regulatory changes which Javid didn't seem to get very far with.
Well I think the consensus is that the BoE overdid it, Sterling has recovered from the post rate cut drop and recent data doesn't point to a falling economy, merely slower growth.
On supply side reforms, absolutely agree. Hopefully we'll get Heathrow 3, crossrail 2 and, lamentably, HS2/3 ready to go ASAP. I do hope someone in the DoT looks at doing HS2 underground in its entirety, it must be possible if the Swiss can build 90km worth of tunnels under the Alps.
Possible yes, necessary no. Would be a tremendous waste of money for an inferior service.
'I've just had to get my friend email her seating arrangement for a formal engagement this Saturday to ensure that I have not been inadvertently positioned next to any Brexit pillocks. Tories are OK, but Bexit, no way.'
Did she mention that she was too busy with the long list of people that have already asked not to be anywhere near you ?
I’ve got a Brexiter cousin to whom her daughter and offspring (all adults ..... apparently at any rate ......) are not speaking. It was amusing at first, but now she seemed, when I rang her the other night, to be getting upset. Since my cousin is in her early 90’s she doesn’t want any of her family to be “not speaking”!
That is very sad, Mr. Cole, but if people are "not speaking" because of a difference of opinion I think it says more about them and their attitudes to others. The referendum is irrelevant.
Mr. Meeks, expertise and objectivity, alas, are not the same thing.
The expert Governor of the Bank of England was warning of rate rises if we voted to leave. We did so vote, and rates were cut. It took less than two months for his prediction to be proved 100% wrong.
Why is everyone so eager to claim right and wrong, when apart from the vote nothing has happened yet?? It remains entirely possible that interest rates may yet have to rise significantly, if the weaker currency feeds through to inflation. Or they may not. Come back in a few years to claim your victories, either way....
'I’ve got a Brexiter cousin to whom her daughter and offspring (all adults ..... apparently at any rate ......) are not speaking. It was amusing at first, but now she seemed, when I rang her the other night, to be getting upset. Since my cousin is in her early 90’s she doesn’t want any of her family to be “not speaking”'
Unfortunately there are a lot of small-minded people around.
Apart from the usual suspects, very few puerile faces on pbCOM today.
Is anyone else finding post Brexit social engagements awkward? I've just had to get my friend email her seating arrangement for a formal engagement this Saturday to ensure that I have not been inadvertently positioned next to any Brexit pillocks. Tories are OK, but Bexit, no way.
It's a good job I'm not single- the exclusion list for potential partners is growing- meat eaters (imagine kissing someone with a bit of bacon stuck in their teeth..... gross), right wing zealots, anyone who remotely thinks that the badger cull is acceptable, and the 52% who voted Brexit.....
Logged in late to read this.
I assume it's trolling as no-one in the UK could be as prejudiced and ignorant of the real world as Tyson's friend.
'I've yet to talk to anyone who thinks the interest rate cut is a good idea. Consensus is that it is perfectly designed to hurt banks without helping anyone. Then again, i do hang out with a lot of bankers...
(View is thatCarney felt he needed to be seen to do something rather than actually having any worthwhile ideas)'
Exactly, did Carney think that millions more shoppers would hit the high street as a result of a 0.25% cut in interest rates ?
This just looks like a panic measure or more likely Carney trying to prove a point as it goes hand in hand with him constantly talking down our economy.
More worrying is if there really is an economic hit with Brexit later on, the ammo box is now empty.
Quite. I really think they thought they needed to be seen to be doing "something/anything", and they are blindly following the old rule book of interest rate cuts equals stimulating the economy. Given we are in real danger of what I believe is called the "liquidity trap" it was madness.
The best I can say for it is it might have contributed just partly to Sterling's weakness, but there again it will take us a year and a lot of negotiating even at 1.15 Euro to the £ to earn back any exchange windfall which will promptly go straight into the extra cash being demanded right now for the pension scheme, which has been made to look sicker than it was precisely because the interest rate/gilt yield environment has been made worse by Carney and his merry men running around cutting rates and spraying yet more QE around because they think the end is nigh.
Carney cannot be fired fast enough as far as I am concerned.
At these levels, how can banks make money other than increasing charges to users?
Not my field but couldn't they lend out money to individuals and businesses?
Comments
Out of interest, by my calculation, the Roman Empire would have taken 85 golds, 79 silver, 77 bronze (giving them one third of Germany's medals).
Amusing guards are great fun - we used to have a few comedians when I commuted, they really lightened the mood and prompted conversations amongst passengers, who'd ignored each other for months before.
I like to dress up when I watch my favourite films: Zulu, The Four Feathers and The Drum.
The only recent exception I can think of was Tesco, when a chap found a worm in some food and tweeted, and they had a light-hearted back-and-forth.
Incidentally, why were the Olympians singing 'God save our Queen'?
Mr. F, is that under Trajan [maximum extent of the borders]?
'I've yet to talk to anyone who thinks the interest rate cut is a good idea. Consensus is that it is perfectly designed to hurt banks without helping anyone. Then again, i do hang out with a lot of bankers...
(View is thatCarney felt he needed to be seen to do something rather than actually having any worthwhile ideas)'
Exactly, did Carney think that millions more shoppers would hit the high street as a result of a 0.25% cut in interest rates ?
This just looks like a panic measure or more likely Carney trying to prove a point as it goes hand in hand with him constantly talking down our economy.
More worrying is if there really is an economic hit with Brexit later on, the ammo box is now empty.
Mr. Meeks, I'm sure they do. It's still wrong.
I'd have thought hiking rates up to a 'historic norm' of 4% would be more damaging.
They're getting lots of el cheapo cash with QE anyhow.
ersonally it was an utterly insane cut but its not something that can be quickly corrected so everyone will have to live with it...
The best I can say for it is it might have contributed just partly to Sterling's weakness, but there again it will take us a year and a lot of negotiating even at 1.15 Euro to the £ to earn back any exchange windfall which will promptly go straight into the extra cash being demanded right now for the pension scheme, which has been made to look sicker than it was precisely because the interest rate/gilt yield environment has been made worse by Carney and his merry men running around cutting rates and spraying yet more QE around because they think the end is nigh.
Carney cannot be fired fast enough as far as I am concerned.
Is anyone else finding post Brexit social engagements awkward? I've just had to get my friend email her seating arrangement for a formal engagement this Saturday to ensure that I have not been inadvertently positioned next to any Brexit pillocks. Tories are OK, but Bexit, no way.
It's a good job I'm not single- the exclusion list for potential partners is growing- meat eaters (imagine kissing someone with a bit of bacon stuck in their teeth..... gross), right wing zealots, anyone who remotely thinks that the badger cull is acceptable, and the 52% who voted Brexit.....
It would behove the BoE far better to consider that the financial and housing markets are in danger of being warped into Dutch Tulip mode by this exotic policy. We need some inflation so we can raise rates a bit, which will give some yield, and start to bring back some normality. They should be thinking "how do we get to 3% interest rates?", but it just seems beyond them and they seem oblivious (to my ken) to the damage they are doing now.
Mr. F, sadly, I think you're right. But even Trajan doesn't have much written about him, despite the intriguing line 'may he be as virtuous as Trajan' [or similar] used for later emperors.
Daft that we seem to have more about Caligula than Trajan or Aurelian.
Do you have a linky?
'I've just had to get my friend email her seating arrangement for a formal engagement this Saturday to ensure that I have not been inadvertently positioned next to any Brexit pillocks. Tories are OK, but Bexit, no way.'
Did she mention that she was too busy with the long list of people that have already asked not to be anywhere near you ?
@SeanT is looking forward to the house warming ...
The website claims that "Politics.co.uk is an impartial political website with no political affiliation... "
Ian Dunt Verified account @IanDunt
I have never spoken to so many senior people in diverse fields who are as united in their despair over something as Brexit.
Ian Dunt @IanDunt
To think I used to mock D.Mili as an over-promoted, hyper-tedious machine politician. He'd be making mince-meat out of the Tories right now.
I mention this here because Carney not only talks his corner (most do) but he is uniquely positioned to help make his crystal ball gazing come true. The link to Team GB (which Newsnight made too) is that Remaindereds were for ever telling us that the UK was too small, too insignificant to survive outside the EU other than in severely reduced circumstances. That is demonstrably not true in a sporting context and it looks like it will be proved to be untrue in any other context that comes to mind although I daresay that, for years to come, any hiccup will be a consequence of Brexit in Remaindereds eyes.
https://www.youtube.com/watch?v=uXyS-74sRTE
https://www.youtube.com/watch?v=QjeV2_hKLao
That's not the reason. Compare Carney's comments to those of his predecessor Lord King and ask yourself whether economic considerations or political ones have been uppermost in Carney's mind through this period.
Meanwhile there's the other group not in the pub who've worked out they now need to save an extra £10 a month for their old age and are drawing their horns in.
To be serious, I simply do not buy that the "old monetary tools" are working any more, in fact I think they are counterproductive.
On supply side reforms, absolutely agree. Hopefully we'll get Heathrow 3, crossrail 2 and, lamentably, HS2/3 ready to go ASAP. I do hope someone in the DoT looks at doing HS2 underground in its entirety, it must be possible if the Swiss can build 90km worth of tunnels under the Alps.
Why are you so keen that English cattle should die of tb? Serve them right for voting for Brexit?
https://youtu.be/_2PsKsAbCFQ
Two ISIS supporters used a hammer to beat to death a Muslim leader in a Rochdale park because they believed he was a black magician, a court heard today.
http://www.dailymail.co.uk/news/article-3754458/Muslim-religious-leader-71-brutally-murdered-hammer-ISIS-inspired-attack.html
http://www.huffingtonpost.co.uk/entry/owen-smith-supporters-say-he-is-catching-up-with-jeremy-corbyn_uk_57b70843e4b042aee74b53aa?&icid=maing-grid7|main5|dl1|sec3_lnk2&pLid=-1029312801_uk
DYOR...
The expert Governor of the Bank of England was warning of rate rises if we voted to leave. We did so vote, and rates were cut. It took less than two months for his prediction to be proved 100% wrong.
No, I didn;t like being given rubbish forecasts and intimidated by a man more concerned about what his bilderberg friends would think (and where his next highly lucrative and influential appointment was coming from) than giving a balanced assessment of what might happen to the UK economy.
Lord King has no such allegiances. Which is why his assessment was much more balanced, and as it is turning out more, much more correct.
I hope David and David can get the counselling they need. Thank goodness their trauma wasn't exacerbated by the broadcast media reporting it.
It is not complicated, they have a vote and there are a lot more of them, that's why you need to listen to the "uninformed" as you so charmingly describe them.
'I’ve got a Brexiter cousin to whom her daughter and offspring (all adults ..... apparently at any rate ......) are not speaking. It was amusing at first, but now she seemed, when I rang her the other night, to be getting upset. Since my cousin is in her early 90’s she doesn’t want any of her family to be “not speaking”'
Unfortunately there are a lot of small-minded people around.
I assume it's trolling as no-one in the UK could be as prejudiced and ignorant of the real world as Tyson's friend.
http://www.bbc.co.uk/news/uk-scotland-37164237
That said, it is sad if family members are refusing to talk. You should hate the sin, not the sinner.
https://twitter.com/British_Airways/status/767998891098775552