It's BAD, it's STILL very bad REPRISE thread (13 months on)

[Mobile Chicane]

turbobloke said:

Did I hear right? More people found work in the last quarter - 256,000 was the figure I thought I just heard - than in comparable periods since records began?

'Found work' or disappeared from claimant statistics because their six months contribution-based JSA had expired?

[The real Apache]

Sorry to piss on the doom mongerers cornflakes but, personally, I've never seen a time where so many opportunities exist, I'm turning jobs down

[NoelWatson]

The real Apache said:

Sorry to piss on the doom mongerers cornflakes but, personally, I've never seen a time where so many opportunities exist, I'm turning jobs down

I would expect nothing less, this is Pistonheads after all, where everyone drives the lates Fezza and has twin 18 year old Swedish au pairs.

However, why do your personal experiences have more weighting/relevance than everyone else out there?

[turbobloke]

Mobile Chicane said:

turbobloke said:

Did I hear right? More people found work in the last quarter - 256,000 was the figure I thought I just heard - than in comparable periods since records began?

'Found work' or disappeared from claimant statistics because their six months contribution-based JSA had expired?

Found work, or so it seems. DonkeyApple has already mentioned students and part-time work, the DWP recently mentioned non-UK nationals getting jobs and an increase in the number of vacancies in the economy.

Also mentioned are stats showing how benefits dependency increased under Labour, presumably more UK nationals in that one.

[The real Apache]

NoelWatson said:

The real Apache said:

Sorry to piss on the doom mongerers cornflakes but, personally, I've never seen a time where so many opportunities exist, I'm turning jobs down

I would expect nothing less, this is Pistonheads after all, where everyone drives the lates Fezza and has twin 18 year old Swedish au pairs.

However, why do your personal experiences have more weighting/relevance than everyone else out there?

I do speak to other people too so I'm not talking about myself alone, I also interact with job agencies via email and phone.
The point I was hoping to expand upon was that the recession seems to be sector specific, engineering/manufacturing seems to be very busy right now, perhaps IT or Finance isn't.

ps I have a very old Alpina and do my own hoovering, hope that helps

[jshell]

NoelWatson said:

The real Apache said:

Sorry to piss on the doom mongerers cornflakes but, personally, I've never seen a time where so many opportunities exist, I'm turning jobs down

I would expect nothing less, this is Pistonheads after all, where everyone drives the lates Fezza and has twin 18 year old Swedish au pairs.

However, why do your personal experiences have more weighting/relevance than everyone else out there?

You've just gotta look at www.oilcareers.com and the like to see that at least the oil sector simply cannot fill the vacancies fast enough. We're taking in Project Engineers at anything up to £850/day at the moment as we cannot buy warm bodies fast enough. About £550/day is kinda normal.

Only one sector of course, but very, very healthy.

[jshell]

coyft said:

There's no point in looking at specific industries, this is a sovereign problem.

Totally agree, but it's not 100% doom and gloom.

[The real Apache]

jshell said:

coyft said:

There's no point in looking at specific industries, this is a sovereign problem.

Totally agree, but it's not 100% doom and gloom.

and it's pretty important to make an issue about sectors that are doing well too

[Digga]

http://uk.reuters.com/article/idUKLNE69400N2010100...

I read this and am still none the wiser. Why all the secrecy and delay?

[Digga]

anonymous said:

[redacted]

I read the press release, and it just sounded like a very complex mechanism for shutting the stable door after the horse already bolted. The banks did pull funding, they have got away with it and we are, without question, having to deal with the consequenses in terms of economic activity.

The time to sort this crap out was ages ago, in the crisis. The damage is done and no amount of obscure posturing and pontificating is going to reverse it with anything like the speed of those negative effects.

[markcoznottz]

anonymous said:

[redacted]

Seriously?. Another £200 billion like last time?.

[markcoznottz]

anonymous said:

[redacted]

Good question. Blimey how long can this go on. Surely this time a bit will go to shore up the banks a bit more,as well as buying our own debt.

[RichardD]

More on the race to the bottom.

IMF chief fears risk of currency war after Japan's zero interest rate move
http://www.telegraph.co.uk/finance/financetopics/f...

telegraph said:

The Japanese central bank has pledged to buy assets worth five trillion yen (£38bn) and cut its overnight rate to between zero and 0.1pc,from 0.1pc, reinstating the so-called “zero interest policy” that the Bank only ended in July 2006.

It will keep its benchmark rate effectively at zero until establishing price stability, adopting a similar loose policy commitment to the US Federal Reserve.

Given the enormous hoo har caused by the news of one tiny benefit cut (because everyone is special and money is magic and wealth comes from paper and numbers) deserves an opulant life for the rest of time), money printy printy and spendy spendy look like the outcome......

[jshell]

RichardD said:

Given the enormous hoo har caused by the news of one tiny benefit cut (because everyone is special and money is magic and wealth comes from paper and numbers) deserves an opulant life for the rest of time), money printy printy and spendy spendy look like the outcome......

That 'hoo har' was political points scoring and nothing to do with the money imo.

[Digga]

It's not often I'm 'right' so I like to revel in these rare glimpses of glory, but I've previously mentioned the "race to the bottom" in the PH News, Politics & Economics forum, if not on this thread.



Or was it on that thread about George Michael being banged up again.....

[loafer123]

Competite devaluation will be interesting. Germany's history may make the Eurozone less likely to do it than the UK, US and Japan (already doing it!), but all will be devalued relative to China, for example.

That means less imports, more homegrown production, more exports.

Doesn't sound quite so bad, when you look at it like that...

[Fittster]

loafer123 said:

Competite devaluation will be interesting. Germany's history may make the Eurozone less likely to do it than the UK, US and Japan (already doing it!), but all will be devalued relative to China, for example.

That means less imports, more homegrown production, more exports.

Doesn't sound quite so bad, when you look at it like that...

So China is just go to sit there and let it happen?

[Digga]

Fittster said:

loafer123 said:

Competite devaluation will be interesting. Germany's history may make the Eurozone less likely to do it than the UK, US and Japan (already doing it!), but all will be devalued relative to China, for example.

That means less imports, more homegrown production, more exports.

Doesn't sound quite so bad, when you look at it like that...

So China is just go to sit there and let it happen?

China know they're luck we (USA & Europe) are not making them revalue the yuan by at least 20%. If you listen to some of the (as yet unheeded) calls in the US Senate then revaluation and trade barriers are not far off.

Then there's Russia, with it's comedy capitalism. Yes, it's open to imports from large players - Jaguar and LAnd Rover are doing exceedingly well out there, for example, but the myriad of permits and licences (and I know because we [i[have[/i] exported there mean it is effectively closed to SMEs. They have trade barriers.

[Fittster]

Digga said:

Fittster said:

loafer123 said:

Competite devaluation will be interesting. Germany's history may make the Eurozone less likely to do it than the UK, US and Japan (already doing it!), but all will be devalued relative to China, for example.

That means less imports, more homegrown production, more exports.

Doesn't sound quite so bad, when you look at it like that...

So China is just go to sit there and let it happen?

China know they're luck we (USA & Europe) are not making them revalue the yuan by at least 20%. If you listen to some of the (as yet unheeded) calls in the US Senate then revaluation and trade barriers are not far off.

Then there's Russia, with it's comedy capitalism. Yes, it's open to imports from large players - Jaguar and LAnd Rover are doing exceedingly well out there, for example, but the myriad of permits and licences (and I know because we [i[have[/i] exported there mean it is effectively closed to SMEs. They have trade barriers.

So the Chinese are going to continue to fund the American budget deficit while the Americans manipulate the value of the dollar to undermine the Chinese reserves and economy. Very good of the Chinese to do that.

[Digga]

Fittster said:

Digga said:

Fittster said:

loafer123 said:

Competite devaluation will be interesting. Germany's history may make the Eurozone less likely to do it than the UK, US and Japan (already doing it!), but all will be devalued relative to China, for example.

That means less imports, more homegrown production, more exports.

Doesn't sound quite so bad, when you look at it like that...

So China is just go to sit there and let it happen?

China know they're luck we (USA & Europe) are not making them revalue the yuan by at least 20%. If you listen to some of the (as yet unheeded) calls in the US Senate then revaluation and trade barriers are not far off.

Then there's Russia, with it's comedy capitalism. Yes, it's open to imports from large players - Jaguar and LAnd Rover are doing exceedingly well out there, for example, but the myriad of permits and licences (and I know because we [i[have[/i] exported there mean it is effectively closed to SMEs. They have trade barriers.

So the Chinese are going to continue to fund the American budget deficit while the Americans manipulate the value of the dollar to undermine the Chinese reserves and economy. Very good of the Chinese to do that.

Google; France and Sterling trap.

Flippancy aside, God knows, but I get the feeling we will find out.

Edited by Digga on Wednesday 6th October 10:25

Edited by Digga on Wednesday 6th October 10:27