Channel 4 at 8 o'clock today: The Ascent of Money "In a new and very timely landmark series, historian Professor Niall Ferguson tackles the story of money and the rise of global finance. Ferguson argues that behind every great historical phenomenon - empires and republics, wars and revolutions - there lies a financial secret."
In which said Professor will probably completely miss the point and blame it all on 'banks', whereas the more fundamental truth is that politicians welcomed the property price bubble because it led to an illusion of ever rising wealth. And you can't have a property price bubble without a credit bubble, so certain bonus-hungry employees at banks just made hay while the sun shone.
Followed immediately by Location, Location, Location: A Survival Guide "With the UK heading towards a recession, the property market looks more treacherous than ever before. So, in this 90-minute special, Kirstie and Phil give their expert advice on how to survive the credit crunch, offering comprehensive recommendations to help home owners, buyers and sellers from all over the country make the right moves in this unsettled market."
A prime opportunity for a more specialised version of Bullshit Bingo, methinks. I tip 'shortage of housing'; 'pent up demand'; 'long term investment'; 'it's a home not an investment'; 'freeing up credit markets'; 'fundamentals'; 'buying opportunity'; 'the government should ...' and 'Stamp Duty cuts for first-time buyers'.
A grim document
2 hours ago
6 comments:
'shortage of housing'; 'pent up demand'; 'long term investment'; 'it's a home not an investment'; 'freeing up credit markets'; 'fundamentals'; 'buying opportunity'; 'the government should ...' and 'Stamp Duty cuts for first-time buyers'.
Got it in ten, I have worked in construction all my life, and cannot stand these two wide boy/persons talking BS then talking BS now
Give NF a chance, he might surprise you.
It's all financial porn, especially Location Location Location
Oh, and apparantly the fuck awful Spooks has a plot this week involving someone trying to create economic terrorism through short selling.
NF was on Start The Week recently discussing the book. He does seem to be quite objective and it does sound like he's done some good research. I'll be setting the Sky+ for this one but fear that as its such a dry subject it will be spoilt by lots of zooming in an dcou, pontl;ess cut-aways and the use of other editorial tricks trying to make the programme more "relevant to today's attention challenged youff".
There is one piece of advice that you won't see on L,L,L - don't watch programmes L,L,L.
TA, that's one of my favourite conspiracy theories!
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