Best of the Week
Most Popular
1. Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO - Raymond_Matison
2.Uber’s Nightmare Has Just Started - Stephen_McBride
3.Stock Market Crash Black Swan Event Set Up Sept 12th? - Brad_Gudgeon
4.GDow Stock Market Trend Forecast Update - Nadeem_Walayat
5.Gold Significant Correction Has Started - Clive_Maund
6.British Pound GBP vs Brexit Chaos Timeline - Nadeem_Walayat
7.Cameco Crash, Uranium Sector Won’t Catch a break - Richard_Mills
8.Recession 2020 Forecast : The New Risks & New Profits Of A Grand Experiment - Dan_Amerman
9.Gold When Global Insanity Prevails - Michael Ballanger
10.UK General Election Forecast 2019 - Betting Market Odds - Nadeem_Walayat
Last 7 days
What UK CPI, RPI and REAL INFLATION Predict for General Election Result 2019 - 5th Dec 19
Supply Crunch Coming as Silver Miners Scale Back - 5th Dec 19
Gold Will Not Surpass Its 1980 Peak - 5th Dec 19
UK House Prices Most Accurate Predictor of UK General Elections - 2019 - 5th Dec 19
7 Year Cycles Can Be Powerful And Gold Just Started One - 5th Dec 19
Lib Dems Winning Election Leaflets War Against Labour - Sheffield Hallam 2019 - 5th Dec 19
Do you like to venture out? Test yourself and see what we propose for you - 5th Dec 19
Great Ways To Make Money Over Time - 5th Dec 19
Calculating Your Personal Cost If Stock, Bond and House Prices Return To Average - 4th Dec 19
Will Labour Government Plant More Tree's than Council's Like Sheffield Fell? - 4th Dec 19
What the UK Economy GDP Growth Rate Predicts for General Election 2019 - 4th Dec 19
Gold, Silver and Stock Market Big Picture: Seat Belts Tightened - 4th Dec 19
Online Presence: What You Need to Know About What Others Know About You - 4th Dec 19
New Company Tip: How To Turn Prospects into Customers with CRM Tech - 4th Dec 19
About To Relive The 2007 US Housing Market Real Estate Crash Again? - 3rd Dec 19
How Far Will Gold Reach Before the Upcoming Reversal? - 3rd Dec 19
Is The Current Stock Market Rally A True Valuation Rally or Euphoria? - 3rd Dec 19
Why Shale Oil Not Viable at $45WTI Anymore, OPEC Can Dictate Price Again - 3rd Dec 19
Lib Dem Election Dodgy Leaflets - Sheffield Hallam Battle General Election 2019 - 3rd Dec 19
Land Rover Discovery Sport Brake Pads Uneven Wear Dash Warning Message at 2mm Mark - 3rd Dec 19
The Rise and Evolution of Bitcoin - 3rd Dec 19
Virtual games and sport, which has one related to the other - 3rd Dec 19
The Narrative About Gold is Changing Again - 2nd Dec 19
Stock Market Liquidity & Volume Diminish – What Next? - 2nd Dec 19
A Complete Guide To Finding The Best CFD Broker - 2nd Dec 19
See You On The Dark Side Of The Moon - 2nd Dec 19
Will Lib Dems Win Sheffield Hallam From Labour? General Election 2019 - 2nd Dec 19
Stock Market Where Are We?  - 1st Dec 19
Will Labour's Insane Manifesto Spending Plans Bankrupt Britain? - 1st Dec 19
Labour vs Tory Manifesto Debt Fuelled Voter Bribes Impact on UK General Election - 30th Nov 19
Growing Inequality Unrest Threatens Mining Industry - 30th Nov 19
Conspiracy Theories Are Killing This Nation - 30th Nov 19
How to Clip a Budgies / Parakeets Wings, Cut / Trim Bird's Flight Feathers - 30th Nov 19
Hidden Failure of SIFI Banks - 29th Nov 19
Use the “Ferrari Pattern” to Predictably Make 431% with IPOs - 29th Nov 19
Tax-Loss Selling Drives Down Gold and Silver Junior Stock Prices - 29th Nov 19
We Are on the Brink of the Second Great Depression - 29th Nov 19
How to Spot REAL Amazon Black Friday Bargains and Avoid FAKE Sales - 29th Nov 19
Central Banks’ Gold Buying and Repatriation Spree - 28th Nov 19
Another Precious Metals’ Reversal Coming Right Up! - 28th Nov 19
Stock Market 100% Measured Moves May Signal A Top - 28th Nov 19
Don’t Look for Investing Advice in the Media - 28th Nov 19
Why You Should Buy Trailer Park Stocks - 28th Nov 19
Will YouGov General Election Forecast 2019 be as Wrong as their REAL Forecast was for 2017? - 28th Nov 19

Market Oracle FREE Newsletter

UK House prices predicting general election result

Hung Parliament Disaster for Britain, Liberal Democrats Holding Country to Ransom

ElectionOracle / UK General Election May 11, 2010 - 12:13 AM GMT

By: Nadeem_Walayat

ElectionOracle

Brit's are starting to wake up to the reality of what hung parliaments mean which is that voters see what they voted for on the basis of party manifestos at the General Election being stripped out of parties programme's for government to result in a mish mash of weak sludge as coalition governments slowly take form in secret smoke filled rooms.


What is more shameful to watch ?

Labour and Conservatives increasingly humiliating those that voted for them as they fall over one another to woe the Liberal Democrats.

Or the Liberal Democrats prostituting themselves to the highest bidder?

The clear and present danger to Britain is that the Liberal Democrats are literally holding the country to ransom, pitting each of the major parties against one another as to which will succumb to Lib Dem whims with regards to electoral reform that would virtually ensure that neither major party will ever win an election again, instead Britain will be forced into perpetual smoke filled room deals that voters will have no say on what policies the governments will actually deliver. This implies a series of weak and short-lived governments that lack vision and substance that pander to the minor parties.

Both Labour and Conservatives should not fall for Lib Dem wolf in sheep's clothing, in fact it would be far better if both major parties do a Labour / Conservative Coalition in advance of another early General Election. Failing that the obvious outcome should be for the Conservatives to go it alone with a minority Conservative government.

A Labour / Lib Dem / SNP / Plaid Cymru / Ulster Unionists coalition would be a complete disaster for the country that the markets would punish severely as the tail would wag the dog and England would be forced to bear all of the spending cuts whilst Scotland, Wales and Northern Ireland would escape virtually scot free, is that democracy ?

Failing a highly unlikely Labour / Conservative Pact or a Conservative Minority government then Britain has no choice but to go to the polls again within the month! We have had our experiment with a hung parliament and it most definitely should be resigned to the dustbin of history.

Unfortunately Gordon Brown is hell bent on going out with a BANG! and could in fact set in motion a sequence of events that would rip the United Kingdom apart which is exactly what the SNP and PC want to happen hence their eagerness to fall over one another to get the Lib Dems and Labour to form a government with them.

Sterling may have bounced from the post election low of £/$1.45 to as high as £/$1.51 as a consequence of market focus on the Euro zone solvency risks. However this bounce is temporary as once the consequences of perpetually weak UK governments starts to sink in, in terms of economic growth prospects and and inability of weak governments to deal with the huge debt burden that demands urgent public spending cuts then the holders of UK debt will take fright and rush towards less risky bond markets which virtually ensures that both UK bonds and sterling are going to suffer, and were talking in the next few days not weeks or months!

Source: http://www.marketoracle.co.uk/Article19378.html

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-10 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 20 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis specialises on UK inflation, economy, interest rates and the housing market and he is the author of the NEW Inflation Mega-Trend ebook that can be downloaded for Free. Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 500 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Jas Singh
11 May 10, 04:59
Sterling Gold

Nadeem

What about Gold for UK buyers?

Is this a last opportunity to accumulate before we move to the next price level?

Best Regards


Laurence
11 May 10, 15:00
Hoorah!

Fortunately Labour couldn't reach a deal with the Lib Debs partly because of stupifying arrogance.

Now the real battle to cut waste, correct this society's shortfalls and tackle this enormous deficit begins. The Tories were the best choice but will they be able to turn round the benefits culture and disaffected youth. One thing it's going to be interesting and difficult for labour's core support and we can expect many horrors to be discovered when the Tories start examining the true state of the nation's books.

BTW, I am happy. After 13 years of sneaky socialism, no more Blair and Brown. In fact, we have banished Blair and Brown. Tough on socialism, tough on the causes of socialism. Hoorah!


Mehboob Hamza
11 May 10, 15:21
Hung Parliament Disaster for Britain

Hi

Your points are fine but the Electoral Reforms must first pass through Parliament and then a Referendum. If voters say yes, it is democracy. Many countries do manage with Hung Parliament situations. UK will do so too without horse trading as you paint it. Perhaps, there could be a better check in place. However, political landscape must change with clear transparency and performance evaluations of MP's. Maybe, Britain may re-write the rules of democracy to further enhance good government, governance and serving the country rather than party.

Sterling may be doomed, may even touch 1.25 and even below. It has been there before. Nothing new under the sun. Should it go there, its time to be bullish. What goes up must come down and so on, part of the spiral of markets.

Bye

Mehboob


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules