CONservative government incompetence.

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CONservative government incompetence.

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Wisbech Eagle Truro Cornwall 11 Oct 22 10.36pm
Originally posted by cryrst So you can’t put any meat on the bone then. It seemed that you were stating economic facts with your reply but you were just using supposition and guesses! Maybe a bit like playing to the crowd. Without these facts I don’t think a position of knowing more than anyone else can be garnered. Still at least we can all live in hope that one of us is correct! Not at all. You asked for figures, and you need to be an economist to provide them. Which I am not. Others can provide the detail, on which there will be a range of opinions. All bad. You don't need though to be an expert to realise the folly of what has been done. Common sense tells you that, and listening to a multitude of people who are experts confirms it. You keep clinging to your straws! They won't be much use against an iceberg. In the meantime, let's hope that somebody does something before the ship sinks. For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.
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Wisbech Eagle

Truro Cornwall 11 Oct 22 10.36pm

Originally posted by cryrst

So you can’t put any meat on the bone then. It seemed that you were stating economic facts with your reply but you were just using supposition and guesses!
Maybe a bit like playing to the crowd. Without these facts I don’t think a position of knowing more than anyone else can be garnered. Still at least we can all live in hope that one of us is correct!

Not at all.

You asked for figures, and you need to be an economist to provide them. Which I am not. Others can provide the detail, on which there will be a range of opinions. All bad.

You don't need though to be an expert to realise the folly of what has been done. Common sense tells you that, and listening to a multitude of people who are experts confirms it.

You keep clinging to your straws! They won't be much use against an iceberg.

In the meantime, let's hope that somebody does something before the ship sinks.

For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.

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Tim Gypsy Hill '64 Stoke sub normal 11 Oct 22 10.49pm
Originally posted by Wisbech Eagle Not at all. You asked for figures, and you need to be an economist to provide them. Which I am not. Others can provide the detail, on which there will be a range of opinions. All bad. You don't need though to be an expert to realise the folly of what has been done. Common sense tells you that, and listening to a multitude of people who are experts confirms it. You keep clinging to your straws! They won't be much use against an iceberg. In the meantime, let's hope that somebody does something before the ship sinks. Here's a couple of questions for you. When was the last time an economist predicted anything correctly? Which financial crash, or boom, was predicted by an economist? I have more faith in meteorologists than economists. They are nothing more than chancers! [Link] Systematically dragged down by the lawmakers
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Tim Gypsy Hill '64

Stoke sub normal 11 Oct 22 10.49pm

Send a Private Message to Tim Gypsy Hill '64

Originally posted by Wisbech Eagle

Not at all.

You asked for figures, and you need to be an economist to provide them. Which I am not. Others can provide the detail, on which there will be a range of opinions. All bad.

You don't need though to be an expert to realise the folly of what has been done. Common sense tells you that, and listening to a multitude of people who are experts confirms it.

You keep clinging to your straws! They won't be much use against an iceberg.

In the meantime, let's hope that somebody does something before the ship sinks.

Here's a couple of questions for you.

When was the last time an economist predicted anything correctly? Which financial crash, or boom, was predicted by an economist?

I have more faith in meteorologists than economists. They are nothing more than chancers! [Link]

Systematically dragged down by the lawmakers

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SW19 CPFC Addiscombe West 11 Oct 22 10.51pm
Should be fun. Attachment: Screenshot 2022-10-11 at 22.49.50.png (863.61Kb) Did you know? 98.0000001% of people are morons.
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SW19 CPFC

Addiscombe West 11 Oct 22 10.51pm

Should be fun.

Attachment: Screenshot 2022-10-11 at 22.49.50.png (863.61Kb)

Did you know? 98.0000001% of people are morons.

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Wisbech Eagle Truro Cornwall 12 Oct 22 12.33am
Originally posted by Tim Gypsy Hill '64 Here's a couple of questions for you. When was the last time an economist predicted anything correctly? Which financial crash, or boom, was predicted by an economist? I have more faith in meteorologists than economists. They are nothing more than chancers! [Link] I think that depends on what you mean by predict and the timescale involved. What's going on now aren't really predictions. They are interpretations of what the markets are saying. For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.
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Wisbech Eagle

Truro Cornwall 12 Oct 22 12.33am

Originally posted by Tim Gypsy Hill '64

Here's a couple of questions for you.

When was the last time an economist predicted anything correctly? Which financial crash, or boom, was predicted by an economist?

I have more faith in meteorologists than economists. They are nothing more than chancers! [Link]

I think that depends on what you mean by predict and the timescale involved.

What's going on now aren't really predictions. They are interpretations of what the markets are saying.

For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.

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Tim Gypsy Hill '64 Stoke sub normal 12 Oct 22 1.21am
Originally posted by Wisbech Eagle I think that depends on what you mean by predict and the timescale involved. What's going on now aren't really predictions. They are interpretations of what the markets are saying. Not really. If you want to advise on economics, you need to be able to know what will happen next week, not after the crash has happened. We can all predict doom, but if it doesn't happen, nobody cares. Whereas, if we predict boom, and it doesn't happen, everyone cries "foul". All economists do is predict. In other words guess. Not quite as badly as astrologers, but not far off. It's not quantifiable by any means. Damn charlatans they are. Systematically dragged down by the lawmakers
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Tim Gypsy Hill '64

Stoke sub normal 12 Oct 22 1.21am

Originally posted by Wisbech Eagle

I think that depends on what you mean by predict and the timescale involved.

What's going on now aren't really predictions. They are interpretations of what the markets are saying.

Not really. If you want to advise on economics, you need to be able to know what will happen next week, not after the crash has happened. We can all predict doom, but if it doesn't happen, nobody cares. Whereas, if we predict boom, and it doesn't happen, everyone cries "foul".

All economists do is predict. In other words guess. Not quite as badly as astrologers, but not far off. It's not quantifiable by any means. Damn charlatans they are.

Systematically dragged down by the lawmakers

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Matov 12 Oct 22 9.12am
Again, struggling with this entire 'economic crisis' narrative. Was looking at some employment stats yesterday (I know, sad b****, needs a life etc) and for a country supposedly in the s*ter, we have one hell of a lot of people working. Unemployment is at a historical low. A lot of stuff not adding up. "The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command." - 1984 - George Orwell.
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Matov

12 Oct 22 9.12am

Again, struggling with this entire 'economic crisis' narrative. Was looking at some employment stats yesterday (I know, sad b******, needs a life etc) and for a country supposedly in the s***ter, we have one hell of a lot of people working. Unemployment is at a historical low.

A lot of stuff not adding up.

"The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command." - 1984 - George Orwell.

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Badger11 Beckenham 12 Oct 22 9.40am
Originally posted by Matov Again, struggling with this entire 'economic crisis' narrative. Was looking at some employment stats yesterday (I know, sad b****, needs a life etc) and for a country supposedly in the s*ter, we have one hell of a lot of people working. Unemployment is at a historical low. A lot of stuff not adding up. And also a record number of people not working due to ill health, go figure? One more point
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Badger11

Beckenham 12 Oct 22 9.40am

Originally posted by Matov

A lot of stuff not adding up.

And also a record number of people not working due to ill health, go figure?

One more point

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Matov 12 Oct 22 10.21am
Originally posted by Badger11 And also a record number of people not working due to ill health, go figure? Yes. Deliberately did not bring that figure up because there are too many ways of looking at that data and what the underlying causes are but it is quite alarming. Even the regional differences alone (I am hazarding a guess so more than happy to be told these are not significant) pose more questions that can be answered. Also if there is a break-down based on ethnicity? A can of worms. Suspect that just a collective agreement that something is untoward might be the best approach. "The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command." - 1984 - George Orwell.
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Matov

12 Oct 22 10.21am

Originally posted by Badger11

And also a record number of people not working due to ill health, go figure?

Yes. Deliberately did not bring that figure up because there are too many ways of looking at that data and what the underlying causes are but it is quite alarming. Even the regional differences alone (I am hazarding a guess so more than happy to be told these are not significant) pose more questions that can be answered.

Also if there is a break-down based on ethnicity?

A can of worms. Suspect that just a collective agreement that something is untoward might be the best approach.

"The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command." - 1984 - George Orwell.

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Wisbech Eagle Truro Cornwall 12 Oct 22 10.55am
Originally posted by Tim Gypsy Hill '64 Not really. If you want to advise on economics, you need to be able to know what will happen next week, not after the crash has happened. We can all predict doom, but if it doesn't happen, nobody cares. Whereas, if we predict boom, and it doesn't happen, everyone cries "foul". All economists do is predict. In other words guess. Not quite as badly as astrologers, but not far off. It's not quantifiable by any means. Damn charlatans they are. Most observers forecasted that Truss's ideas would produce problems, if she was stupid enough to go through with them. They have. Forecasts will vary, and the results rarely precisely match the forecasts, because not all the variables can be foreseen. Events get in the way. But they aren't "guesses". Predictions are based on experience and knowledge. Not on random numbers. They are expressions of probability, not mathematical certainty. For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.
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Wisbech Eagle

Truro Cornwall 12 Oct 22 10.55am

Originally posted by Tim Gypsy Hill '64

All economists do is predict. In other words guess. Not quite as badly as astrologers, but not far off. It's not quantifiable by any means. Damn charlatans they are.

Most observers forecasted that Truss's ideas would produce problems, if she was stupid enough to go through with them. They have.

Forecasts will vary, and the results rarely precisely match the forecasts, because not all the variables can be foreseen. Events get in the way. But they aren't "guesses". Predictions are based on experience and knowledge. Not on random numbers. They are expressions of probability, not mathematical certainty.

For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.

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croydon proud Any european country i fancy! 12 Oct 22 3.41pm
Originally posted by Wisbech Eagle Most observers forecasted that Truss's ideas would produce problems, if she was stupid enough to go through with them. They have. Forecasts will vary, and the results rarely precisely match the forecasts, because not all the variables can be foreseen. Events get in the way. But they aren't "guesses". Predictions are based on experience and knowledge. Not on random numbers. They are expressions of probability, not mathematical certainty. Problems indeed!
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croydon proud

Any european country i fancy! 12 Oct 22 3.41pm

Originally posted by Wisbech Eagle

Most observers forecasted that Truss's ideas would produce problems, if she was stupid enough to go through with them. They have.

Problems indeed!

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croydon proud Any european country i fancy! 12 Oct 22 5.11pm
Lizzy dripping today- "mr speaker-i"m genuinely unclear"-to hoots of laughter Then- "the last thing we need is a general election!"-to hoots of laughter. The economist - Liz has the shelf life of a lettuce!
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croydon proud

Any european country i fancy! 12 Oct 22 5.11pm

Lizzy dripping today- "mr speaker-i"m genuinely unclear"-to hoots of laughter Then- "the last thing we need is a general election!"-to hoots of laughter. The economist - Liz has the shelf life of a lettuce!

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Matov 12 Oct 22 8.46pm
Originally posted by croydon proud Lizzy dripping today- "mr speaker-i"m genuinely unclear"-to hoots of laughter Then- "the last thing we need is a general election!"-to hoots of laughter. The economist - Liz has the shelf life of a lettuce! But why do we need an election? What terrible crisis is the UK facing? Unemployment at a historical low. Predicted to have the highest growth of any G7 nation. A currency that is holding its own against the dollar and which strengthened against the Euro. Inflation on the decline and lower than the EU average. I have no faith in the Tories but all I can ascertain is a kind o hysteria taking hold rather than any actual data to back up why people think an election is necessary? More than happy to be torn apart on this because I am genuinely perplexed as to what this terrible bind the UK is meant to be in and why having Starmer as PM is going to make a blind bit of difference? "The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command." - 1984 - George Orwell.
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Matov

12 Oct 22 8.46pm

Originally posted by croydon proud

But why do we need an election? What terrible crisis is the UK facing?

Unemployment at a historical low. Predicted to have the highest growth of any G7 nation. A currency that is holding its own against the dollar and which strengthened against the Euro. Inflation on the decline and lower than the EU average.

I have no faith in the Tories but all I can ascertain is a kind o hysteria taking hold rather than any actual data to back up why people think an election is necessary?

More than happy to be torn apart on this because I am genuinely perplexed as to what this terrible bind the UK is meant to be in and why having Starmer as PM is going to make a blind bit of difference?

"The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command." - 1984 - George Orwell.

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