Sunday, 14 February 2010

Holy fuck!

Is that scary or what?

Under Labour 1964-70, the stock market’s real return (adjusted for inflation) went down by 13 per cent. Under Labour 1974-79 (which included Denis Healey’s grovelling to the IMF), it went down by 11.5 per cent. Under Mr Brown, the London stock market’s decline in real return is more than 20 per cent.


More than 20 per cent!? Fucking hellski!

6 comments:

microdave said...

It's an international problem, which started in America....

Mitch said...

A big boy did it and ran away.

Oldrightie said...

It's about half the level of pension declines.

Mark Wadsworth said...

That's not news though, I first read this five years ago and have been waiting for the FTSE to really crash ever since - somewhere below the 3,000 level it was at when we marched into Iraq would be nice.

J Demetriou said...

People never learn, do they?

Delphius1 said...

Thats why everyone jumped onto investing in houses as a way of making profits, thereby ramping up the house price bubble.

If the Stock Market started giving decent returns, they'd all jump the housing market ship and we'd all be able to afford them again.