Discussion
Galsia said:
The problem is that reporting stories like this just makes the situation even worse. I'm saving every penny that I can at the moment in case it all goes tits up.
News like this will end up making people spend even less, making the economy even worse. Its a vicious cycle...
So the media should hush up bad news about the economy? Thankfully the policies of Merv will soon have you spending like mad.News like this will end up making people spend even less, making the economy even worse. Its a vicious cycle...
Fittster said:
Galsia said:
The problem is that reporting stories like this just makes the situation even worse. I'm saving every penny that I can at the moment in case it all goes tits up.
News like this will end up making people spend even less, making the economy even worse. Its a vicious cycle...
So the media should hush up bad news about the economy? Thankfully the policies of Merv will soon have you spending like mad.News like this will end up making people spend even less, making the economy even worse. Its a vicious cycle...
Reuters said:
Europe should strengthen its financial rescue fund to reduce the risk of renewed global instability as U.S. tax cuts and emerging economies help propel recovery elsewhere, the IMF said on Tuesday...
The Fund forecast a lift to a global economic recovery which began to gain pace in 2010 from a package of U.S. tax cuts enacted late last year. It said a separate stimulus package in Japan would also help.
"More generally, signs are increasing that private consumption... is starting to gain a foothold in major advanced economies," it said.
Advanced economies have been a drag on global growth since the financial crisis erupted and the IMF said they still posed the biggest risk to recovery.
It revised up its 2011 growth projection for advanced economies to 2.5 percent, but warned the pace was not sufficient to make a dent in high unemployment. It said rich nations needed to keep loose monetary policies to bolster growth.
The Fund forecast a lift to a global economic recovery which began to gain pace in 2010 from a package of U.S. tax cuts enacted late last year. It said a separate stimulus package in Japan would also help.
"More generally, signs are increasing that private consumption... is starting to gain a foothold in major advanced economies," it said.
Advanced economies have been a drag on global growth since the financial crisis erupted and the IMF said they still posed the biggest risk to recovery.
It revised up its 2011 growth projection for advanced economies to 2.5 percent, but warned the pace was not sufficient to make a dent in high unemployment. It said rich nations needed to keep loose monetary policies to bolster growth.
Fittster said:
Galsia said:
The problem is that reporting stories like this just makes the situation even worse. I'm saving every penny that I can at the moment in case it all goes tits up.
News like this will end up making people spend even less, making the economy even worse. Its a vicious cycle...
So the media should hush up bad news about the economy? Thankfully the policies of Merv will soon have you spending like mad.News like this will end up making people spend even less, making the economy even worse. Its a vicious cycle...
Can't wait for the Daily Mail's response...
Whats Merv?
Galsia said:
Fittster said:
Galsia said:
The problem is that reporting stories like this just makes the situation even worse. I'm saving every penny that I can at the moment in case it all goes tits up.
News like this will end up making people spend even less, making the economy even worse. Its a vicious cycle...
So the media should hush up bad news about the economy? Thankfully the policies of Merv will soon have you spending like mad.News like this will end up making people spend even less, making the economy even worse. Its a vicious cycle...
Can't wait for the Daily Mail's response...
Whats Merv?
ker' King, head of the Bank of England. The man who is destroying the value of the pound so uncompetitive firms can compete on the world market, allowing inflation to run rampant to ensure that people have to spend their savings on crap they don't need before their paper money becomes worthless and whose expansion of the money supply keeps asset bubbles afloat so reckless lenders don't have to write down the value of their loans.Fittster said:
Galsia said:
Fittster said:
Galsia said:
The problem is that reporting stories like this just makes the situation even worse. I'm saving every penny that I can at the moment in case it all goes tits up.
News like this will end up making people spend even less, making the economy even worse. Its a vicious cycle...
So the media should hush up bad news about the economy? Thankfully the policies of Merv will soon have you spending like mad.News like this will end up making people spend even less, making the economy even worse. Its a vicious cycle...
Can't wait for the Daily Mail's response...
Whats Merv?
ker' King, head of the Bank of England. The man who is destroying the value of the pound so uncompetitive firms can compete on the world market, allowing inflation to run rampant to ensure that people have to spend their savings on crap they don't need before their paper money becomes worthless and whose expansion of the money supply keeps asset bubbles afloat so reckless lenders don't have to write down the value of their loans.Galsia said:
The problem is that reporting stories like this just makes the situation even worse. I'm saving every penny that I can at the moment in case it all goes tits up.
News like this will end up making people spend even less, making the economy even worse. Its a vicious cycle...
If it all goes "tits up" your pennies won't be worth anything. News like this will end up making people spend even less, making the economy even worse. Its a vicious cycle...
Fittster said:
Galsia said:
Whats Merv?
Merv 'Utter, utter wker' King, head of the Bank of England. The man who is destroying the value of the pound so uncompetitive firms can compete on the world market, allowing inflation to run rampant to ensure that people have to spend their savings on crap they don't need before their paper money becomes worthless and whose expansion of the money supply keeps asset bubbles afloat so reckless lenders don't have to write down the value of their loans.
It would have been flat without the snow, which is still pretty poor.
Stagnation, while eliminating the deficit, is perhaps the best that can be hoped for.
The issue that clowns like Balls refuse to acknowledge is that "keynesianism" does not mean you can run deficits of 10% of gdp year after year in order to generate some feeble growth, eventually you reun out of both money and credibility.
Stagnation, while eliminating the deficit, is perhaps the best that can be hoped for.
The issue that clowns like Balls refuse to acknowledge is that "keynesianism" does not mean you can run deficits of 10% of gdp year after year in order to generate some feeble growth, eventually you reun out of both money and credibility.
Edited by JagLover on Tuesday 25th January 11:29
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