Morgan Stanly says Corbyn is bad for business.

[DemolitionRed]

https://www.theguardian.com/politics/2017/nov/27/corbyn-becoming-pm-is-worse-threat-to-british-business-than-brexit-says-bank
The prospect of Jeremy Corbyn becoming prime minister is a more serious threat to British business than Brexit, the investment bank Morgan Stanley has warned.


Morgan Stanley were in part, responsible for the last financial crash.

Source Financial Times (pay wall)
Morgan Stanley, like many competitors at home and overseas, sold billions of dollars of subprime residential mortgage-backed securities, pools of loans that later sparked a financial meltdown when large numbers of borrowers started to default.
US authorities contend that Morgan Stanley knew that many of the loans backing its securities were defective.

Can a bank that became infamous for defrauding people be trusted?

[Crimson Dynamo]

Its not just them lol

every large financial corp thinks this

[user104658]

Its not just them lol

every large financial corp thinks this

So Corbyn would be bad for large financial corporations or, in other words, Corbyn would be bad for neoliberal politics and economics.

Not exactly surprising news.

[Crimson Dynamo]

So Corbyn would be bad for large financial corporations or, in other words, Corbyn would be bad for neoliberal politics and economics.

Not exactly surprising news.

nope

[bots]

Corbyn would be bad for business and our economy would be in a worst state than it is now. Everyone knows this, and yet they still vote for him. :shrug:

[user104658]

Corbyn would be bad for business and our economy would be in a worst state than it is now. Everyone knows this, and yet they still vote for him. :shrug:I think the theory is short term pain for long term gain for most. Neoliberalism is ultimately doomed... It simply can't and won't work forever. But currently it's all we really have.

[joeysteele]

Are the Banks really in any position to take any attempt as to any even unlikely moral ground.

I heard this on the news,dismissed it and will treat it with the contempt it warrants.

Banks would be better making sure they keep their own houses in order before commenting on others.

[Brillopad]

So Corbyn would be bad for large financial corporations or, in other words, Corbyn would be bad for neoliberal politics and economics.

Not exactly surprising news.

Not surprising you add your own little twist on facts.

[user104658]

Not surprising you add your own little twist on facts.What twist on what facts? The only fact in this thread is that a large financial institution has said that Corbyn would be bad for business...

[Livia]

The shadow chancellor is a ****ing Marxist. Come on, it doesn't take a genius to see Corbyn and his gang would be a disaster for the country.

[Oliver_W]

I heard this on the news,dismissed it and will treat it with the contempt it warrants.

So you think Corbyn would be good for business?

[Kizzy]

Can anyone give me one positive from the last 7yrs of austerity? ...Backed with the relevant data obv.

[Kizzy]

Corbyn would be bad for business and our economy would be in a worst state than it is now. Everyone knows this, and yet they still vote for him. :shrug:

How do we know this?

Corbyn would be bad for shareholders....not business. That's why they are terrified.
He would be good for businesses, and workers (you)

[Livia]

He would overspend. ALL Labour governments overspend. Then the Tories would get back in once Labour has spent everything and have to cut back again. It's a cyclical thing.

[joeysteele]

So you think Corbyn would be good for business?

I actually believe a Labour govt would be, yes.

I had my doubts as to a Corbyn govt. and with him as leader/PM.

Now,I think it would be difficult to imagine anyone could be worse than the shocking people in charge now.

I cannot see a Labour landslide win,however the gaining of strength of voters is with Corbyn and his ideas,among the younger and newer sets of voters.
Which is why hardline Tories hate the idea of giving younger people than 18 a vote.

I think business would do all it needs to under any govts,accept the times and get on with things as much as before.
So really business is rarely satisfied much ever really,irrespective of who is PM.

So yes I think a Corbyn govt.would be good for the UK and ultimately business too.
I think a marked change is needed as to policy and direction and for younger voters and newer voters, Corbyn's vision seems to be the one growing more and more as to what they'd prefer now.

In a democracy business like everyone else would have to respect that if a Corbyn led govt resulted after an election.

[user104658]

He would overspend. ALL Labour governments overspend. Then the Tories would get back in once Labour has spent everything and have to cut back again. It's a cyclical thing.This ideology is contingent on believing that austerity measures actually work or help... And given that the last 7+ years of Tory austerity appears not to have helped the national debt situation at all (in fact, it is still soaring) then surely whether or not cuts are the answer is very much open to debate?

[Kizzy]

He would overspend. ALL Labour governments overspend. Then the Tories would get back in once Labour has spent everything and have to cut back again. It's a cyclical thing.

You have to speculate to accumulate...

Take our railways and utilities bake that have been run into the ground they were always in the black, that's a start.

Have I to mention the royal mail sell off fiasco? How are we to make money if we have nothing .. and we keep lowering taxes... how do we make money?

Become a tax haven?...sell more bombs?

Not for my families future.

[bots]

one only needs to look at what he had planned at the last election to know how crippled he would have left the country, its not rocket science

[Oliver_W]

Have I to mention the royal mail sell off fiasco? How are we to make money if we have nothing .. and we keep lowering taxes... how do we make money?

Re the lowering of taxes, a handful of US states don't have any personal income tax, and they have budget surpluses. Offhand I think they are Nevada, South Dakota, Wyoming, and Florida (which might have been affected by the hurricane).

People have more money in their pockets, so it gets spent (VAT gets paid), and it goes to businesses, who pay business tax.

[user104658]

one only needs to look at what he had planned at the last election to know how crippled he would have left the country, its not rocket scienceIt's also purely speculation, but cause he didn't win, and therefore the outcome of that happening is unknown.

[DemolitionRed]

He would overspend. ALL Labour governments overspend. Then the Tories would get back in once Labour has spent everything and have to cut back again. It's a cyclical thing.


It baffles me why people believe this when there’s enough evidence to show otherwise. On average the Conservatives have spent more each year in office than Labour have. Even if you take out and ignore the 6 year recovery period from 2008 where the Cons had to borrow more, statistics show Labour, on average of years in No 10, have repaid national debt more often and borrowed less than the Conservatives. The Conservatives are known for being high borrowers and low debt re-payers.

[DemolitionRed]

one only needs to look at what he had planned at the last election to know how crippled he would have left the country, its not rocket science

So what is this thing that would of crippled the country? you can't make statements like that without some sort of back up to prove your point.

[arista]

It's also purely speculation, but cause he didn't win, and therefore the outcome of that happening is unknown.


Bang On Right Prof TS.

[DemolitionRed]

So you think Corbyn would be good for business?

It depends what business you have in mind. Are you talking large private corporate business or government business? Presently its all one of the same.
So on that note, would Corbyn stop government profiteers? Would he put in reforms that would stop the fat cats profiting from budgets, private sell offs and oversea aid?

[Kizzy]

Haha! you tell em Jez!!

Jeremy Corbyn has told Morgan Stanley it is right to regard him as a threat, after the investment bank warned its clients that a Labour government could pose as much of a risk to British business as Brexit.

The Labour leader hit back on Thursday, accusing Morgan Stanley of being part of the same “speculators and gamblers who crashed our economy in 2008”. In a video posted on social media, he also promised a new approach to financial services regulation.

“Nurses, teachers, shopworkers, builders, just about everyone is finding it harder to get by, while Morgan Stanley’s CEO paid himself £21.5m last year and UK banks paid out £15bn in bonuses,” Corbyn said.

Well said!

https://www.theguardian.com/politics/2017/nov/30/jeremy-corbyn-morgan-stanley-labour-brexit

[Brillopad]

Haha! you tell em Jez!!

Jeremy Corbyn has told Morgan Stanley it is right to regard him as a threat, after the investment bank warned its clients that a Labour government could pose as much of a risk to British business as Brexit.

The Labour leader hit back on Thursday, accusing Morgan Stanley of being part of the same “speculators and gamblers who crashed our economy in 2008”. In a video posted on social media, he also promised a new approach to financial services regulation.

“Nurses, teachers, shopworkers, builders, just about everyone is finding it harder to get by, while Morgan Stanley’s CEO paid himself £21.5m last year and UK banks paid out £15bn in bonuses,” Corbyn said.

Well said!

https://www.theguardian.com/politics/2017/nov/30/jeremy-corbyn-morgan-stanley-labour-brexit

Empty words and bluff. The man will ruin this country with all his far left ideology. Didn’t he buy his council house when he wants to stop others doing the same. :hehe:

[DemolitionRed]

Haha! you tell em Jez!!

Jeremy Corbyn has told Morgan Stanley it is right to regard him as a threat, after the investment bank warned its clients that a Labour government could pose as much of a risk to British business as Brexit.

The Labour leader hit back on Thursday, accusing Morgan Stanley of being part of the same “speculators and gamblers who crashed our economy in 2008”. In a video posted on social media, he also promised a new approach to financial services regulation.

“Nurses, teachers, shopworkers, builders, just about everyone is finding it harder to get by, while Morgan Stanley’s CEO paid himself £21.5m last year and UK banks paid out £15bn in bonuses,” Corbyn said.

Well said!

https://www.theguardian.com/politics/2017/nov/30/jeremy-corbyn-morgan-stanley-labour-brexit

Nice one!

[DemolitionRed]

Empty words and bluff. The man will ruin this country with all his far left ideology. Didn’t he buy his council house when he wants to stop others doing the same. :hehe:

Source?

But buying a council house (and I can't find anything that says he did) is not quite the same as the corruption and conspiracy that helped bring about the world crash or maybe in your world its as bad! :conf:

[Kizzy]

Empty words and bluff. The man will ruin this country with all his far left ideology. Didn’t he buy his council house when he wants to stop others doing the same. :hehe:



The country is ruined... we have nothing we make nothing and our only hope for our kids to have any kind of a future where they have any hope of a decent standard of living unless born into privilege is Corbyn.

No that would be me, but your trolling of me is expected now.
Corbyn agrees with the right to buy and would extend it.

https://www.theguardian.com/society/2016/jun/11/jeremy-corbyn-right-to-buy-plan-backed-by-thinktank

[Brillopad]

The country is ruined... we have nothing we make nothing and our only hope for our kids to have any kind of a future where they have any hope of a decent standard of living unless born into privilege is Corbyn.

No that would be me, but your trolling of me is expected now.
Corbyn agrees with the right to buy and would extend it.

https://www.theguardian.com/society/2016/jun/11/jeremy-corbyn-right-to-buy-plan-backed-by-thinktank

You like accusing others of baiting or trolling you - becoming quite a habit. Maybe just a lot paranoid. There are not exactly many posts to respond to and your views are hardly popular with many. Expect criticism, you are damn quick to give it.

[joeysteele]

Haha! you tell em Jez!!

Jeremy Corbyn has told Morgan Stanley it is right to regard him as a threat, after the investment bank warned its clients that a Labour government could pose as much of a risk to British business as Brexit.

The Labour leader hit back on Thursday, accusing Morgan Stanley of being part of the same “speculators and gamblers who crashed our economy in 2008”. In a video posted on social media, he also promised a new approach to financial services regulation.

“Nurses, teachers, shopworkers, builders, just about everyone is finding it harder to get by, while Morgan Stanley’s CEO paid himself £21.5m last year and UK banks paid out £15bn in bonuses,” Corbyn said.

Well said!

https://www.theguardian.com/politics/2017/nov/30/jeremy-corbyn-morgan-stanley-labour-brexit

A strong factual and great post from you again Kizzy.
Good one.

[DemolitionRed]

Morgan Stanley are clearly very worried about Corbyn and so they should be. This house of cards could so easily come crashing down.

[Kizzy]

You like accusing others of baiting or trolling you - becoming quite a habit. Maybe just a lot paranoid. There are not exactly many posts to respond to and your views are hardly popular with many. Expect criticism, you are damn quick to give it.

I don't care how popular my views are I will not be railroaded form the discussion with your sniping.

[Kizzy]

A strong factual and great post from you again Kizzy.
Good one.

Thank you Joey :)

[Kizzy]

Morgan Stanley are clearly very worried about Corbyn and so they should be. This house of cards could so easily come crashing down.

When it does I won't say 'I told you so'... I'll shout it from the mother frigging rooftops! :joker:

[Kizzy]

pfYEiDg67AI

[Oliver_W]

lol his "for the many, not the few" is his "strong and stable". Bless him.

Though banking does sound more lucrative than my current career choice!

[DemolitionRed]

There’s a reason why Keynesian economics worked and continue to work so well around the globe. The UK however, appears to of lost its way and is now entrenched in greedy mob style corporations of speculators and gamblers like Morgan Stanley. Wealth inequality is what presently drives this economy and this present government appears to of lost a grasp on all economic commonsense.

Whilst we don’t have a military dictatorship, we are behaving in a similar fashion to Nigeria because just like them, we are secreting vast amounts of our countries wealth off-shore and allowing finance capital (wealth extractors) to sit on that wealth. Such companies capitalize on how a country is run and our fearful leaders are ignoring the noise. https://openaccess.leidenuniv.nl/handle/1887/20579

Surely everyone has to ask our government why we are no longer investing in innovative new technology that will provide jobs and balance our economy. Surely even the most hardened neolibis and Tory voters who know jack-siht about our economy can see that gone are Thatchers house buying days and back are the rentier class.

As for Brillo and Adams comments, how about you join the debate about economic development? You are either interested and believe we need solutions or you're not and you don’t. Just coming in and making unsubstantiated snide comments about Corbyn don’t add to the discussion and do come across as trolling. You either believe this government has control over its economy or you don’t but try saying something of substance... or am I asking too much?

[DemolitionRed]

lol his "for the many, not the few" is his "strong and stable". Bless him.

Though banking does sound more lucrative than my current career choice!


What kind of evil do you need to support the wealth extractors? I don't think your evil btw, I just think you lack understanding and don't take any of this seriously.

[DemolitionRed]

When it does I won't say 'I told you so'... I'll shout it from the mother frigging rooftops! :joker:

I get that :hee:

[bots]

Corbyn doesn't seem to have grasped that the banks generating the income is what pays for the nurses etc salaries in the first place. This is where labour fall flat on their face. They have no concept that incentivising through bonuses etc creates wealth and encourages people to work harder rather than creating the expectation that everyone deserves everything handed to them on a plate

[The Slim Reaper]

Corbyn doesn't seem to have grasped that the banks generating the income is what pays for the nurses etc salaries in the first place. This is where labour fall flat on their face. They have no concept that incentivising through bonuses etc creates wealth and encourages people to work harder rather than creating the expectation that everyone deserves everything handed to them on a plate

Can you explain how this economic model works out?

Nurses and all other public sector workers are paid for by tax revenue, which is what every person earning income in the country is responsible for. Banks and corporations involve themselves in (often nefarious) tax avoidance schemes by hiding their money away from the tax man.

Banker bonuses don't encourage anyone to work harder for the good of society, and these people will also campaign, moan, and complain about the taxes they do have to pay. Is it just a coincidence that these same people make generous donations to political parties to encourage legislation that benefits them?

After the 2008 global financial collapse, which was caused by banks, all of the banking ceo's received their bonuses that year and ever since.

The premise of your post is not only incorrect, it's willfully ignorant.

[bots]

Can you explain how this economic model works out?

Nurses and all other public sector workers are paid for by tax revenue, which is what every person earning income in the country is responsible for. Banks and corporations involve themselves in (often nefarious) tax avoidance schemes by hiding their money away from the tax man.

Banker bonuses don't encourage anyone to work harder for the good of society, and these people will also campaign, moan, and complain about the taxes they do have to pay. Is it just a coincidence that these same people make generous donations to political parties to encourage legislation that benefits them?

After the 2008 global financial collapse, which was caused by banks, all of the banking ceo's received their bonuses that year and ever since.

The premise of your post is not only incorrect, it's willfully ignorant.

No need for that .... its neither ignorant or incorrect.

[DemolitionRed]

Corbyn doesn't seem to have grasped that the banks generating the income is what pays for the nurses etc salaries in the first place. This is where labour fall flat on their face. They have no concept that incentivising through bonuses etc creates wealth and encourages people to work harder rather than creating the expectation that everyone deserves everything handed to them on a plate

The Bank of England generates/prints money but remember, TBE is government owned and can therefore print as much money as it wants. Printing too much money though, would create QE and QE would create inflation, so it has to be heavily regulated. Other banks can create money when they lend but only under strict government regulations and the banks who print money to lend, are wholly responsible for collecting that personal debt.

The bank do not pick up the bill for money spent into the economy (including nurses salaries!) but the government (who own the TBE) have to re-claim currency by tax. Remember, money has no real intrinsic value until it becomes currency. The government bank circulates Money into the economy to turn that money into currency.

Spending comes before tax and tax doesn’t have to be re-paid in full because all money comes with a promise to pay. Therefore, all government debt represents is government spending not yet cancelled out by tax.

There would be no fiat money without taxes.

[The Slim Reaper]

No need for that .... its neither ignorant or incorrect.

You made the post, I just commented on it, and then I asked you to explain it.

Ignorant isn't a word to be offended by, it just means lacking knowledge. Maybe you can explain how it's neither ignorant or incorrect, rather than just stating it? That might help us both out?

[DemolitionRed]

@The Slim Reaper;

You've made some good points.

When money isn't spent into the economy and doesn't become currency on our own shores, that's going to eventually have catastrophic results for two reasons. 1. There is no tax return or inadequate tax return and 2. The currency isn't circulating within our economy.

They aren't paid on tax revenue though, they are paid on a promise of a return of tax revenue.

I believe the last financial crash was a small blip in comparison to what's coming. Banks like Morgan Stanley learnt nothing from the last crash. They were bailed out massively and then it was back to business as usual. They've been doing the exact same thing for the past 9 years but they have been doing it in tenfold.

[Kizzy]

No need for that .... its neither ignorant or incorrect.

It is ignorant we bailed out the banks! How then are they paying anyones salary?

[Kizzy]

VqmD_DS1MFM

[DemolitionRed]

VqmD_DS1MFM

He's a very passionate man and I enjoy his short clips. I always wonder if he's a taxi driver?

Longest decline in living standards for 60 years :fist: