Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24
US House Prices Trend Forecast 2024 to 2026 - 11th Oct 24
US Housing Market Analysis - Immigration Drives House Prices Higher - 30th Sep 24
Stock Market October Correction - 30th Sep 24
The Folly of Tariffs and Trade Wars - 30th Sep 24
Gold: 5 principles to help you stay ahead of price turns - 30th Sep 24
The Everything Rally will Spark multi year Bull Market - 30th Sep 24
US FIXED MORTGAGES LIMITING SUPPLY - 23rd Sep 24
US Housing Market Free Equity - 23rd Sep 24
US Rate Cut FOMO In Stock Market Correction Window - 22nd Sep 24
US State Demographics - 22nd Sep 24
Gold and Silver Shine as the Fed Cuts Rates: What’s Next? - 22nd Sep 24
Stock Market Sentiment Speaks:Nothing Can Topple This Market - 22nd Sep 24
US Population Growth Rate - 17th Sep 24
Are Stocks Overheating? - 17th Sep 24
Sentiment Speaks: Silver Is At A Major Turning Point - 17th Sep 24
If The Stock Market Turn Quickly, How Bad Can Things Get? - 17th Sep 24
IMMIGRATION DRIVES HOUSE PRICES HIGHER - 12th Sep 24
Global Debt Bubble - 12th Sep 24
Gold’s Outlook CPI Data - 12th Sep 24

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

© 2005-2022 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