Most Popular
1. Dow Max Drawdown Bear Stock Market 2022 - Accumulating Deviations from the Highs - 21st Feb 22
2.Putin Starts WW3 in Ukraine, Will Use Tactical Nuclear Weapons, China Prepares Taiwan Blitzkrieg - 28th Feb 22
3.World War 3 Phase 1 - Putin WINS Ukraine War! - 25th Feb 22
4.INVESTORS SEDUCED by CNBC and the STOCK CHARTS COMPLETELY MISS the BIG PICTURE! - 10th Feb 22
5.Will There Be A 2024 US Presidential Election? - 3rd Mar 22
6.Gold and SIlver, Precious Metals Sector Is at a Terrific Buy Spot - 6th Feb 22
7.Why Putin Wants the WHOLE of Ukraine - World War 3 Untended Consequences - 6th Feb 22
8.Dow Stock Market Expected Max Drawdown 2022 - 19th Feb 22
9.Stock Market Calm In the Eye of the Inflation Storm - 4th Mar 22
10.M = F - Everything is Waving! Stock Market Forward Guidance - 7th Mar 22
Last 7 days
Why Ray Dalio is WRONG About China - Principles for Dealing with the Changing World Order - 24th May 22
Globalists Convene to Plan Central Bank Digital Currencies - 24th May 22
After Recent Highs, What’s Next for the Gold Junior Miners? - 24th May 22
Why APPLE Could CRASH the Stock Market! - 21st May 22
Why Is Crude Oil Ignoring US Inventories? - 21st May 22
Here is Why I’m Still Bullish on Gold Mining Stocks - 21st May 22
THE INFLATION MEGA-TREND QE4EVER! - 20th May 22
US Real Estate Investors – Is There An End In Sight? - 20th May 22
How Technology Affected the Gaming Industry - 20th May 22
How To Set And Achieve Reasonable Goals For Your Company - 20th May 22
How Low Could the Amazon (AMZN) Stock Price Fall? - 19th May 22
Bitten by FANG? Clocked by Cryptos? -- 'Air Pockets' Everywhere - 19th May 22
Northern General Hospital Orthopedics Fractures and and Ankle Clinic Consultations Real Patient Experience - 19th May 22
Cathie Wood Goes All in on Teladoc, ARKK INSANE Noob Investing Strategy! - 17th May 22
This is Anything but Positive for US Housing Market - 17th May 22
What Should We Do If There Is No Fed Monetary Policy Pivot? - 17th May 22
All Possible Ways to Earn Free Litecoin - 17th May 22
How low Could the Amazon Stock Price Fall? - 16th May 22
Cathy Wood ARKK INSANITY There is NO Coming Back! - 16th May 22
NASDAQ 100 Stock Market LOWER LOWS & LOWER HIGH - 16th May 22
Sanctions, trade wars worsen US inflation - 16th May 22
AI Tech Stocks Earnings BloodBath Buying Opportunity - 14th May 22
Futures Contract – Trading Crude Oil With USO - 14th May 22
How to Get Kaspersky Internet Security for 80% Discount! Do not Pay Renewal Price! - 14th May 22
Sagittarius A* Super Massive Black Hole Monster at Centre of Our Galaxy REVEALED! - 14th May 22
UK Public Debt Smoking Inflation Gun - 13th May 22
What Happens When the Stock Market Dip Keeps Dipping? - 13th May 22
Biden Seeks Inflation Scapegoats; Gold Advocate Wins GOP Primary - 13th May 22
Apple and Microsoft Nuts Are About to CRACK and Send Stock Market Sharply Lower - 12th May 22
The War on Gold Ensures the Dollar’s Downfall - 12th May 22

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Jeremy Corbyn Wins Labour Leadership Election 2015, Labour Out of Power for 15 Years!

Politics / UK Politics Sep 10, 2015 - 05:08 PM GMT

By: Nadeem_Walayat

Politics

Voting for the the next Labour leader closed at 12pm today. The election followed the disastrous reign of Ed Milliband who not only failed to beat the Conservatives at the May general election but took Labour back towards the 1980's level of number of MP' after haemorrhaging virtually every Labour MP in Scotland to the Scottish Independence fanatics.


The Labour party script was for Andy Burnham to easily win, but to spice things up a little they threw in the left wing 200-1 outsider Jeremy Corbyn into the mix on 4th June. At the time no one, not even Jeremy Corbyn thought he had any chance of winning. However, the error in judgement that the Labour MP's have made is that they now had 3 New Labour 'Tony Blair' clones against someone completely different, who made statements the likes of which no major Labour politician has uttered in over 30 years.

By the end of voting, Jeremy Corbyn looks by far as the most likely to win as a consequence of being 'different' to the other 3 candidates, a true left winger who arks back to the socialist fundamentalist policies of the 1970's and 1980's such as nationalisation of industries such as the railways and proposes the 'peoples QE', getting the Bank of England to PRINT about £120 billion a year for the government to spend on public services and benefits, the consequences of which would be accelerating inflation each year.

Why Jeremy Corbyn Will Win

The answer to why Corbyn will win lies in the disastrous changes that Ed Milliband made to Labour party leader election rules, the unforeseen consequences of which were that any member of the public could associate themselves to the Labour party and vote for just £3 and if enough do so then they would effect the outcome of a Labour Leadership election, and thus Jeremy Corbyn's campaign of promising everything under the sun paid for by printed money has galvanised mostly the young under 30's to join and vote for Corbyn.

Of the 550k Labour membership voting pool approx 125k will be new £3 associate members, more then enough to effect the outcome.

So why are the young so eager to vote for Corbyn' Socialism?

The answer is simply that they AND their parents have probably only known Conservative and New Labour rule for the past 35 years! So that they have nothing to compare the Market Economy orientated economics of the Conservatives and New Labour and thus fail to realise just how disastrous Socialism will be for Britain in the future just as it has been in the past i.e. 1970's.

Thus young voters are eager to rebel against 35 years of centre politics by electing to choose a Socialist Labour Leader with extinct 1970's policies and worse, outright money printing.

Labour Cannot Win for 15 years !

My long standing view is that Labour had virtually no chance of winning the 2020 General Election, a Corbyn Leadership would ensure that Labour would also lose the subsequent 2025 General Election which means that the earliest the Labour party could even have a chance of winning would be at the 2030 General Election! That's another 15 years out of power!

08 May 2015 - UK House Prices Correctly Forecast / Predicted Conservative Election Win 2015

Therefore my analysis of UK house prices converted into seats by far proved to be the most accurate forecaster for the UK general election 2015 outcome, and since I have a good idea of how house prices will perform over the next 5 years I can tell you with some confidence that the Conservatives are also likely to win the 2020 general election! Though, in the interests of accuracy do come back to my detailed analysis to conclude in a seats forecast that I will probably publish a year or so before the next general election.

Ensure you are subscribed to my always free newsletter for my next in-depth analysis and concluding detailed trend forecasts that include the following planned newsletters -

  • Stock Market Crash, Apocalypse?
  • US Dollar Trend Forecast Update 2015
  • Islam 3.0

Also subscribe to our Youtube channel for notification of video releases and for our new series on the 'The Illusion of Democracy and Freedom', that seeks to answer questions such as 'Did God Create the Universe?' and how to 'Attain Freedom' as well as a stream of mega long term 'Future Trend Forecasts'.

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2015 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 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 focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 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.


Post Comment

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