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E_Greenhalgh

Listed below are comments made by E_Greenhalgh between Monday, 13th October 2008 and Tuesday, 25th November 2008.

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Massive mortgage squeeze 4:32pm on 25 Nov 2008 House prices have historically been related to net earnings and the recent deviation from this had to correct at some time. The correction will probably swing to far the other way but the relationship will return.

There was a recent article in the Economist (I think) by a risk manager in a US investment bank in which he stated that the sales team always won the internal battles; risk was ignored. I had always thought that the problem with banks was incompetence but clearly greed was also an issue.

We are told that the reduction in VAT will help small businesses. But like much of the debate a small business is not defined. If what is meant is a business operating below the VAT threshold of 67k UKP then they will benefit from the reduction in VAT on purchases. There would have been a bigger incentive if the threshold had been increased to 100k+. For any normal business with a turnover above the threshold there is no benefit since in effect businesses are collectors of net VAT for the exchequer.

Probably the single best action to help business would be to have a mandatory settlement for invoices of 30 days. A small business is probably lucky to get better than 30 days on purchases and probably 90 days on sales meaning that it it is difficult to collect the VAT on its sales in time to pay its VAT return.
Challenging the Budget 3:28pm on 20 Nov 2008 " albeit that they say only those countries with healthy balance sheets should do it". One hell of a qualification. I assume that Nick Robinson thinks that this does not apply to the UK.
Obama shackled by debt 6:04pm on 05 Nov 2008 I suspect that the American economy will recover. How much do they give away each year?
A new taxpayer-owned mega-bank 8:24pm on 03 Nov 2008 At the moment I believe that the money injected into Northern Rock is shown as part of Government debt presumably because they borrowed the money. Will the debt now increase or is this a device to take the NR debt out of the statistics?
Classic bunkum from the blazers 08:52am on 03 Nov 2008 The better teams north of Hadrian's wall should play in the Premier and other leagues. There should be only one team representing the British Isles. SNP might not like it but I suggest that it would be better for British football. Someone might like to pick such a team from current British players (not me since I know nothing about the game).
The £5,000bn bailout 1:24pm on 28 Oct 2008 All posts are pre-moderated. What does this mean? Seems like a good question to me.

I wonder if the BoE error in confusing £ and $ is some sort of Freudian slip or is related to the use of ? in the comments to indicate some unknown currency.
Cameron's economic problem 8:59pm on 20 Oct 2008 I wonder if the writers of blogs actually read the comments. It would be nice to see their thoughts on some of the more intelligent comments.
The truce is over 10:45am on 17 Oct 2008 Eleven years in charge of the economy! No need to say anything else
How to stop bank nationalisation 9:47pm on 14 Oct 2008 Comment 8 re off balance sheet items. Why are such things allowed?
Banks should be boring 9:03pm on 13 Oct 2008 Thought that you would be interested to know that this morning I received a letter from BOS which among other things said "Using sophisticated modelling tools our Investment Review can: Open up financial options you may never otherwise be aware of"

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E_Greenhalgh