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The vengeance of the Lord our Market - 3/1/2010 10:20:56 PM

LadyEllen

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Sterling suffered a huge fall yesterday - even against the ailing Euro, which has been attributed by commentators to the apparent predicted outcome of the forthcoming general election in a hung Parliament - where no party has an overall majority and a coalition government may take power. The markets dont like the uncertainty that they perceive a hung Parliament means.

Therefore take heed ye voters - pickest thou any but red or blue and thou shalst surely face the wrath of the Lord our Market whose name be praised ever more. Yea verily, plagues of higher interest rates and increased living costs awaiteth them that abandoneth the red and blue creed and casteth a false ballot.

E

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RE: The vengeance of the Lord our Market - 3/1/2010 10:35:15 PM

Termyn8or

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Well done LE.

One of the most hideously hidden satires I've seen in some time. But then there is the truth.

Lord our Market, I like that, I hope you don't mind if I use it from time to time.

Other than that, you have stated facts and really I don't have much to say. It's just business as usual. That's my big problem, why is this crap just OK now, In the old days they would find a tree and get a rope. See, no guns involved.

T

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RE: The vengeance of the Lord our Market - 3/2/2010 7:55:59 AM

pahunkboy

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yes- but govt IS the market. and market is the govt.

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RE: The vengeance of the Lord our Market - 3/2/2010 8:02:13 AM

SL4V3M4YB3

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Considering both parties have to eventually do the same thing you'd think there not much uncertainty at all.

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RE: The vengeance of the Lord our Market - 3/2/2010 8:08:47 AM

LadyEllen

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ah - but its all to do with when the plan for deficit reduction will be implemented, how long it should take and so on that these people look at and plan their activities by to make the most return. If the reds win then theyve been told already that the reduction plan wont come for a year or so, but if the blues win then theyve been told the reduction plan will start immediately.

If however its possible that neither win out and one of them has to enter coalition then this may upset the declared intentions - and the market wont know which way to jump now to exploit the situation later. Its really unfair when you come to think of it, not being told which number the ball will land on in roulette, in advance - how are you meant to win for goodness' sake?

E

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RE: The vengeance of the Lord our Market - 3/2/2010 8:21:10 AM

SL4V3M4YB3

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They should put their ordinary differential equation solver to work then.

This is what they get paid for, all the complex numerical modelling of the markets, they want all the answers all the time, these lazy types.

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RE: The vengeance of the Lord our Market - 3/2/2010 8:50:01 AM

LadyEllen

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they should operate according to the national interest in my view - though that would make me a fascist and it may be utterly impossible in any case now with the way markets work instantaneously and globally such that location is merely a matter of convenience unaffected by such concerns.

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RE: The vengeance of the Lord our Market - 3/2/2010 8:54:32 AM

mnottertail

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The issue being that companies act in their own short term best interests and governments need to seek to manage their long term national interests as they do in norway, sweden, china, japan, germany and so on.............ala social democracy

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RE: The vengeance of the Lord our Market - 3/2/2010 8:55:56 AM

LadyEllen

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now Ron, that will never work out in the Anglo Saxon system - the clue as to why is in the name. Meanwhile fascism has eminently better prospects.

E-ditor
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