tag:blogger.com,1999:blog-7658874470833994309.post6836887252868360335..comments2023-10-20T10:46:21.208+01:00Comments on Knowing and Making: A bit unfair, RobertLeigh Caldwellhttp://www.blogger.com/profile/16150868700502562500noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-7658874470833994309.post-40067294116854700342009-03-22T10:12:00.000+00:002009-03-22T10:12:00.000+00:00RE ABOVE - The issue isn't whether Gordon forsaw t...RE ABOVE - The issue isn't whether Gordon forsaw the credit crunch but whether he prepared the nation's finances to withstand a downturn. <BR/><BR/>Gordon is like the young prince in a centuries old royal dynasty who sells the crown jewels and uses them to pay for a five/ten year party. Whilst the young prince is having a party, the young prince's nation is also having a brilliant party...good Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7658874470833994309.post-44178938855426461032009-03-22T08:55:00.000+00:002009-03-22T08:55:00.000+00:00anyone who didnt see this economic colapse coming ...anyone who didnt see this economic colapse coming is either blind or diluded we downsized in 2004 because we knew inflated property prices ,liberal borrowing were unsustainable.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7658874470833994309.post-7744279144859586262009-03-20T17:06:00.000+00:002009-03-20T17:06:00.000+00:00Marcin's post just typifies the blinkered approach...Marcin's post just typifies the blinkered approach as his qoutes from the report actually proves what the blog said but he allows his own personal agenda to try to suffocate what is self evident.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7658874470833994309.post-56949213216365273282009-03-20T16:24:00.000+00:002009-03-20T16:24:00.000+00:00I am sorry but I think we didnt read the same repo...I am sorry but I think we didnt read the same report. You are claiming that <BR/><BR/>Quote<BR/>There is nothing in the report about political supervision or the government's understanding of economic risks<BR/>/Quote<BR/><BR/>Report clearly states in point 31 that Treasury (read - GB) "...had been aware of potential shortcomings in the arrangements for dealing with a financial institution in Marcinhttps://www.blogger.com/profile/15182915528830665829noreply@blogger.comtag:blogger.com,1999:blog-7658874470833994309.post-3847995303024176202009-03-20T14:34:00.000+00:002009-03-20T14:34:00.000+00:00It's the stopped-clock phenomenon. If someone stic...It's the stopped-clock phenomenon. If someone sticks to the same point of view long enough, it will come true eventually. But if you don't know when, the prediction isn't especially useful.<BR/><BR/>However, maybe I <I>am</I> being slightly unfair - Roubini did foresee many of the problems, at least from late 2006 onwards. But he wasn't at all a mainstream figure then, and it would be very Leigh Caldwellhttps://www.blogger.com/profile/16150868700502562500noreply@blogger.comtag:blogger.com,1999:blog-7658874470833994309.post-27217495522349451652009-03-20T14:13:00.000+00:002009-03-20T14:13:00.000+00:00Seems like this post is a little unfair itself. I...Seems like this post is a little unfair itself. It's unfair to claim that those warning about house prices in 2004 were 'crying wolf' given that prices are falling back to price levels lower than those in 2004.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7658874470833994309.post-36182912155837128932009-03-20T13:34:00.000+00:002009-03-20T13:34:00.000+00:00I'm glad this post puts the matter more in context...I'm glad this post puts the matter more in context. Whilst I do not believe that everything the UK government is the correct response to the extraordinary scenario that the UK faces, it is unfair to knock them for invented reasons. I think Mr Peston is struggling to find the kind of news that he likes, at the moment. His reporting on China was quite frankly a load of tosh on occasions. He missed Anonymousnoreply@blogger.com