Gordon's Dual Miras?

[davidof]

A friend has tipped me off to the fact that from next year you can
transfer personal pensions into domestic property investment. We know
that Labour's economic miracle has been buoyed up by a credit boom
backed by a house price bubble. I wonder if this little move, designed
to keep money flowing into the housing market long since 1st time buyers
have been priced out, is going to be Gordon Brown's dual Miras (catalyst
of the Lawson bust). A short term boom followed by an almighty bust?

In his book Boom-Bust (which looks like a hard read given his writing
sytle in the Observer:
http://observer.guardian.co.uk/business/story/0,6903,1446133,00.html)
Fred Harrision predicts a mega bust in 2010 following a collapse in the
housing market in 2007/8.

Anyway it will be a fun time for people who find themselves in negative
equity in both their house and pension, uncharted waters indeed.

 

[John Redman]

I think this will be an excellent election for the Tories to lose. Every
generation must learn about Labour for itself. I look forward to the final
collpase of socialism and 50 years of wise and beneficent Tory rule.

 

[Daytona]

I think this will be an excellent election for the Tories to lose. Every
generation must learn about Labour for itself. I look forward to the final
collpase of socialism and 50 years of wise and beneficent Tory rule.

It's something I've wondered about - a party opting out of an election
due to the witting, or unwitting, scorched earth policies of the
incumbents. It would be a good option for the tories, however, it
requires it requires common sense and principals.....

Daytona

 

[Ian]

I think this will be an excellent election for the Tories to lose. Every
generation must learn about Labour for itself.

You mean like they learned about the Tories?

I look forward to ... 50 years of wise and beneficent Tory rule.

You'll be looking forward for a long time, irrespective of whether
they are ever re-elected.