"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Tuesday, May 13, 2008

How to make doom laden housing figures public without admitting it. Lesson 1

The document in the hand of the young and very beautiful Housing Minister , headed "Caroline Flint - speaking notes", had a sticker attached which said "Papers for Cabinet meeting 13 May 2008".

It pointed out that leading house price indicators were predicting reductions for the first time in recent years.

"Given present trends, they will clearly show sizeable falls in prices later this year - at best down 5 per cent -10 per cent year on year."

"Housebuilding is stalling," she also warned. "New starts are already down 10 per cent compared to a year ago. Housebuilders are predicting further falls."

The note ends: "It is vital that we show that at this time of uncertainty we show that we are ON PEOPLE'S SIDE."

To enlarge document and read click here Dialling the number 386 689 108 yields a fascinating response.


Anonymous said...

I didn't get a response when I rang, My Lord. Give us a hint?

Anonymous said...

Caroline is well horny,,oooh err.

on a serious note.House prices are way too high in the UK.

I have a house in Germany.Paid 120,00 quid for it approx 150,000€,,,you would be lucky to buy the same house in the UK for 250,000 pounds

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish