2010-10-28 - Hugh Hendry - UK Economy & Q3 GDP

Hugh made an appearence on BBC QuestionTime earlier and while clearly frustrated with some of the disingenuous remarks made by the politicians on the panel, he did get the opportunity to give his opinion on the prospects for the UK economy in the light of Q3 GDP of 0.8 pct vs +0.4 pct forecast.

Category:

News & Politics

Tags:

• hugh
• hendry
• bbc
• question
• time
• uk
• economy
• q3
• gdp
• 0.8
• growth
• stimulus
• qe
• quantitative
• easing
• interest
• rates
• credit

[lynnybee888]

HUGH HENDRY is top-notch & i'm always looking on YOUTUBE for him.........THANK YOU FOR POSTING THIS !! HUGH HENDRY is super.

[wikichris]

Chris Bryant is a moron for jumping in as he did at 3:25 - it's pretty obvious what the point was.

[Shannmeister]

Politicians can't admit their part in the failure of the economy. Yes the banks had less stringent lending criteria but I don't think anyone had a gun put to their head to sign a loan agreement. I agree with Hugh that we needed more than a two party coalition, I have said for a long time that we need a government of national reconstruction.

[grantmitch1]

@wikichris Chris Bryant is a moron - period.

[braydenbeautiful]

@vinnyflintoff

I think I heard slight background music that came from nowhere.

Could be?

[DickChambers69]

Hugh is saying its the Socialist's fault.

He may be right.

The Euro is a social engineering project and that's failing.

Hugh has proven himself smarter than the other panelist thsi time round.

[DickChambers69]

Hugh Hendry is dead right.

[friedkat]

@vinnyflintoff - if you listen very closely some weird ice cream van music had crept in the background for a few seconds; no doubt in celebration of the GDP figure.

[vinnyflintoff]

@wikichris why was everyone in the audience laughing when ed davey was speaking in 6.23?

[billbraski33]

@borjon23 you have no idea what hedge funds are. They are not an activity of investment banks. They are individual investment vehicles. Some investment banks had an interest in hedge funds (Bear Stearns had one which bet on sub-prime mortgage assets, which was the canary in the coal mine, not the reason Bear failed), but for the most part, they are private investment vehicles.

HH point is, we were overleveraged (too much debt) not we must decrease our debt level, That will result in pain

[borjon23]

@wikichris

I don't know what you think the government was blameworthy for if not for properly regulating the banks while they were engaged in reckless leveraged speculation? Should they have loosened regulation more? Allowed the banks and then the entire economy to collapse after having failed to do so, creating mass bankruptcy and unemployment? Hendry is right in that society in general had a false view which involved allowing his ilk to play Russian roulette with other people's lives.