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Post by Deleted on Mar 18, 2023 9:55:04 GMT
Because no one believed the plan would work. The big lenders (The money men) caused the coup. The amounts of money involved were trivial and in themselves weren't a problem. The machine leaked / briefed against the government. As we have discussed before, the high debt makes us vulnerable to such manipulation. No doubt this is why some petition for debt levels to be raised further. The fact that the tax cuts were entirely uncosted and the OBR was deliberately not consulted spooked the markets. The Kwarteng budget was a triumph of ideology over realism, and reality hit back hard. |
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Post by Deleted on Mar 18, 2023 9:58:22 GMT
Recently the OBR have been exposed to be wanting in all of their predictions, recently to the tune of £30 billion error They either need to up their game, or they need to be scrapped in favour of a woman with a crystal ball, who could do better.
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Post by Orac on Mar 18, 2023 10:05:33 GMT
The amounts of money involved were trivial and in themselves weren't a problem. The machine leaked / briefed against the government. As we have discussed before, the high debt makes us vulnerable to such manipulation. No doubt this is why some petition for debt levels to be raised further. The fact that the tax cuts were entirely uncosted and the OBR was deliberately not consulted spooked the markets. The Kwarteng budget was a triumph of ideology over realism, and reality hit back hard. You are very naïve. The amounts of money were trivial and the civil service itself is in the middle of the process. Of course, leaving yourself vulnerable like this bad political form, but the civil service typically has to be relied on and this is their power. |
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Post by zanygame on Mar 18, 2023 10:08:18 GMT
Because no one believed the plan would work. The big lenders (The money men) caused the coup. The amounts of money involved were trivial and in themselves weren't a problem. The machine leaked / briefed against the government. As we have discussed before, the high debt makes us vulnerable to such manipulation. No doubt this is why some petition for debt levels to be raised further. Oh yes the world investors are that stupid, not at all clever like you. Sigh |
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Post by zanygame on Mar 18, 2023 10:09:24 GMT
Recently the OBR have been exposed to be wanting in all of their predictions, recently to the tune of £30 billion error They either need to up their game, or they need to be scrapped in favour of a woman with a crystal ball, who could do better. They're no less accurate than anyone else. Everyone in business knows its all a guessing game. |
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Post by Fairsociety on Mar 18, 2023 10:11:31 GMT
It doesn't make much sense Hunt helping millionaire pensioners back to work, if they are millionaires the odds are they had high flying jobs, he needs to encourage retired nurses, health care professionals, he's targeting the wrong type of retirees to return back to work.
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Post by Orac on Mar 18, 2023 10:21:15 GMT
The amounts of money involved were trivial and in themselves weren't a problem. The machine leaked / briefed against the government. As we have discussed before, the high debt makes us vulnerable to such manipulation. No doubt this is why some petition for debt levels to be raised further. Oh yes the world investors are that stupid, not at all clever like you. Sigh The investors aren't working out anything at that level, all all they are interested in is the likely aggregate sentiment. Anything can act as a catalyst for a sell off - it doesn't have to be rational / mechanical from the perspective of each investor. If a man walks near wall street with a sandwich board shouting ' the end is nigh', it can act as a catalyst for a sell off if investors think it will spook other investors. The trick here was to use influential channels to brief against the government - ie the sandwich board man ended be reported on heavily and influencers spoke gravely about how unprecedented this all was. The reality doesn't matter so much in the short term. The reality here was trivial. |
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Post by zanygame on Mar 18, 2023 10:27:07 GMT
It doesn't make much sense Hunt helping millionaire pensioners back to work, if they are millionaires the odds are they had high flying jobs, he needs to encourage retired nurses, health care professionals, he's targeting the wrong type of retirees to return back to work. If he could persuade younger staff to stay they could replace those wishing to retire, that must be a cheaper option. |
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Post by zanygame on Mar 18, 2023 10:34:24 GMT
Oh yes the world investors are that stupid, not at all clever like you. Sigh The investors aren't working out anything at that level, all all they are interested in is the likely aggregate sentiment. Anything can act as a catalyst for a sell off - it doesn't have to be rational / mechanical from the perspective of each investor. If a man walks near wall street with a sandwich board shouting ' the end is nigh', it can act as a catalyst for a sell off if investors think it will spook other investors. The trick here was to use influential channels to brief against the government - ie the sandwich board man ended be reported on heavily and influencers spoke gravely about how unprecedented this all was. The reality doesn't matter so much in the short term. The reality here was trivial. don't be daft. Investors aren't spooked by rumour mongers, if they were it would destroy the economy. Investors are spooked by real things, if John Lewis announces record losses their investors are spooked and the ones invested in Next might ask for re-assurance in the retail market, but Next share price doesn't crash. the sandwich board man has no effect at all, if he did then we could just have another guy saying this tax will boost the economy. Oh wait, we did. |
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Post by sheepy on Mar 18, 2023 10:38:58 GMT
The investors aren't working out anything at that level, all all they are interested in is the likely aggregate sentiment. Anything can act as a catalyst for a sell off - it doesn't have to be rational / mechanical from the perspective of each investor. If a man walks near wall street with a sandwich board shouting ' the end is nigh', it can act as a catalyst for a sell off if investors think it will spook other investors. The trick here was to use influential channels to brief against the government - ie the sandwich board man ended be reported on heavily and influencers spoke gravely about how unprecedented this all was. The reality doesn't matter so much in the short term. The reality here was trivial. don't be daft. Investors aren't spooked by rumour mongers, if they were it would destroy the economy. Investors are spooked by real things, if John Lewis announces record losses their investors are spooked and the ones invested in Next might ask for re-assurance in the retail market, but Next share price doesn't crash. the sandwich board man has no effect at all, if he did then we could just have another guy saying this tax will boost the economy. Oh wait, we did. I don't know so much about that! What are the WEF then? www.msn.com/en-gb/money/other/our-budget-forecasts-almost-guaranteed-to-be-wrong-admits-obr-chief/ar-AA18MqSx?ocid=msedgntp&cvid=db6cc0aee7964933b7ed9f3ff5f3e64b&ei=24 |
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Post by Fairsociety on Mar 18, 2023 10:39:13 GMT
It doesn't make much sense Hunt helping millionaire pensioners back to work, if they are millionaires the odds are they had high flying jobs, he needs to encourage retired nurses, health care professionals, he's targeting the wrong type of retirees to return back to work. If he could persuade younger staff to stay they could replace those wishing to retire, that must be a cheaper option. This is the problem there is a shortage of trainee nurses/doctors/health care workers, I'm not sure why this is, as far as I'm concerned for young people it's a good starting salary.
The national average salary for a Trainee Nurse is £26,459 in United Kingdom. Filter by location to see Trainee Nurse salaries in your area. Salary estimates are based on 44 salaries submitted anonymously to Glassdoor by Trainee Nurse employees.
Once they start moving up bands the bigger their salaries.
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Post by Orac on Mar 18, 2023 10:47:13 GMT
The investors aren't working out anything at that level, all all they are interested in is the likely aggregate sentiment. Anything can act as a catalyst for a sell off - it doesn't have to be rational / mechanical from the perspective of each investor. If a man walks near wall street with a sandwich board shouting ' the end is nigh', it can act as a catalyst for a sell off if investors think it will spook other investors. The trick here was to use influential channels to brief against the government - ie the sandwich board man ended be reported on heavily and influencers spoke gravely about how unprecedented this all was. The reality doesn't matter so much in the short term. The reality here was trivial. don't be daft. Investors aren't spooked by rumour mongers. It's you that is being daft. Irrelevant rumours can indeed cause problems if people believe sentiment may be affected by them (regardless of any mechanical reality). In this case the trick was to use influential channels to brief against the government over something that should have really made little mechanical odds. This is a well known feature of markets and is not at all controversial. You are arguing against what is known to buttress a position which is really, at the end of the day, just a matter of opinion |
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Post by zanygame on Mar 18, 2023 10:59:24 GMT
As I said every forecaster gets it wrong, the question is by how much. You ask any business for their predicted sales figures and they will always understate them because they know they will be wrong and its better to be under than over stated. Pretty much every board meeting I attend I am asked what I really think sales will be for the company. |
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Post by Bentley on Mar 18, 2023 11:00:48 GMT
If he could persuade younger staff to stay they could replace those wishing to retire, that must be a cheaper option. This is the problem there is a shortage of trainee nurses/doctors/health care workers, I'm not sure why this is, as far as I'm concerned for young people it's a good starting salary.
The national average salary for a Trainee Nurse is £26,459 in United Kingdom. Filter by location to see Trainee Nurse salaries in your area. Salary estimates are based on 44 salaries submitted anonymously to Glassdoor by Trainee Nurse employees.
Once they start moving up bands the bigger their salaries.
Trainee nurse or newly qualified nurse? |
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Post by zanygame on Mar 18, 2023 11:04:59 GMT
don't be daft. Investors aren't spooked by rumour mongers. It's you that is being daft. Irrelevant rumours can indeed cause problems if people believe sentiment may be affected by them (regardless of any mechanical reality). In this case the trick was to use influential channels to brief against the government over something that should have really made little mechanical odds. This is a well known feature of markets and is not at all controversial. You are arguing against what is known to buttress a position which is really, at the end of the day, just a matter of opinion And only you and a few non business people know this apparently. 🙄So pension companies that have been investing in government bonds for decades, if not centuries were suddenly put off by false rumours, rather than by un-costed tax cuts for the rich introduced in a non budget by a person who took office a week before and refused to use the normal due diligence. Yeah sure.
Still makes another mild to average conspiracy.
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