Where next for the economy?
Discussion
Petrol prices rose 20% and then fell nearly 30% in 2008. Unprecedented.
Interest rates have fallen by 65% since the summer 2007. Unprecedented.
So where next?
A slow recovery? Or a vicious spike upwards of both inflation and interest rates when the public come to realise that nothing's actually changed out there?
Interest rates have fallen by 65% since the summer 2007. Unprecedented.
So where next?
A slow recovery? Or a vicious spike upwards of both inflation and interest rates when the public come to realise that nothing's actually changed out there?
Ozzie Osmond said:
Petrol prices rose 20% and then fell nearly 30% in 2008. Unprecedented.
Interest rates have fallen by 65% since the summer 2007. Unprecedented.
So where next?
A slow recovery? Or a vicious spike upwards of both inflation and interest rates when the public come to realise that nothing's actually changed out there?
Yes, that is the correct answer. Interest rates have fallen by 65% since the summer 2007. Unprecedented.
So where next?
A slow recovery? Or a vicious spike upwards of both inflation and interest rates when the public come to realise that nothing's actually changed out there?
Imagine a naffing great freight train weighing 4,000 tons sliding backwards towards a ravine. The brakes have been put 'on' but its going to take time to stop, very very slowly, some carriages are going to be lost. Unfortunately or fortunately, which ever way you look at it, the Loco is the government with Gordon as the engine driver. They will be ok what ever happens but it's going to take time to get traction and head in the right direction once more.
There is a tory loco watching on in the sidings but is he able to help, is it in his best interest to ? Will Gordon go off the rails ?
There is a tory loco watching on in the sidings but is he able to help, is it in his best interest to ? Will Gordon go off the rails ?
ZR1cliff said:
Imagine a naffing great freight train weighing 4,000 tons sliding backwards towards a ravine. The brakes have been put 'on' but its going to take time to stop, very very slowly, some carriages are going to be lost. Unfortunately or fortunately, which ever way you look at it, the Loco is the government with Gordon as the engine driver. They will be ok what ever happens but it's going to take time to get traction and head in the right direction once more.
There is a tory loco watching on in the sidings but is he able to help, is it in his best interest to ? Will Gordon go off the rails ?
I don't think it's about best interests myself. More that everybody agrees there's a slope. Everybody agrees that the brakes aren't good enough. But it's a 50/50 split on which way the slope actually goes.There is a tory loco watching on in the sidings but is he able to help, is it in his best interest to ? Will Gordon go off the rails ?
Edited by dilbert on Sunday 7th December 13:00
Here's the picture. The banks, worldwide, have stopped or drastically slowed lending. Loans power the commercial economy. Until the banks choose to start lending again, the economies of every country will slow down, unemployment will rise and everybody will hurt financially (unless they're incredibly rich). The economies will recover, slowly until the banks feel that there is enough underlying value in real property to begin lending again. How long will it last? Ask a Rockefeller...
Ozzie Osmond said:
largerandrock said:
Im going to the pub to spend some money to get the economy going. I suggest you all do the same.
Excellent, some positive thinking there! No point anyone sitting at home and moaning.
ZR1cliff said:
Imagine a naffing great freight train weighing 4,000 tons sliding backwards towards a ravine. The brakes have been put 'on' but its going to take time to stop, very very slowly, some carriages are going to be lost. Unfortunately or fortunately, which ever way you look at it, the Loco is the government with Gordon as the engine driver. They will be ok what ever happens but it's going to take time to get traction and head in the right direction once more.
There is a tory loco watching on in the sidings but is he able to help, is it in his best interest to ? Will Gordon go off the rails ?
And where is the Fat Controller at this time? There is a tory loco watching on in the sidings but is he able to help, is it in his best interest to ? Will Gordon go off the rails ?
Ozzie Osmond said:
Or a vicious spike upwards of both inflation and interest rates when the public come to realise that nothing's actually changed out there?
Unfortunately one thing has changed - the £. I am weary of the guff from Brown and Darling about this being an International problem. Yes World stock markets are down and yes unemployment is striking all countries, but in a couple of years stocks and jobs will be back where they were. But the UK has been singled out, we have been judged! We can all look forward to holidays next year 30% more expensive than last year, whether in Europe, North America or Timbukutu. This is the change which will be hardest to shake off.King Herald said:
ZR1cliff said:
Imagine a naffing great freight train weighing 4,000 tons sliding backwards towards a ravine. The brakes have been put 'on' but its going to take time to stop, very very slowly, some carriages are going to be lost. Unfortunately or fortunately, which ever way you look at it, the Loco is the government with Gordon as the engine driver. They will be ok what ever happens but it's going to take time to get traction and head in the right direction once more.
There is a tory loco watching on in the sidings but is he able to help, is it in his best interest to ? Will Gordon go off the rails ?
And where is the Fat Controller at this time? There is a tory loco watching on in the sidings but is he able to help, is it in his best interest to ? Will Gordon go off the rails ?
I see a widening of the gap between the haves and have nots. Cuts in services.
Plastic may become unavailable to those who misused it or are deemed unfit.
Credit purchases could revert to the old Hire purchase type agreements. (usary interest rates for a while.)
Pensions will be a thing of the past, (in their current form) all self financed with the individual taking responsiblity.
Crime could become a career choice.
Countries with manufacturing will probably do better than others (India, South America, but probably not China)
And people who thought the Lottery was a tax on the stupid/poor may start buying tickets.
Plastic may become unavailable to those who misused it or are deemed unfit.
Credit purchases could revert to the old Hire purchase type agreements. (usary interest rates for a while.)
Pensions will be a thing of the past, (in their current form) all self financed with the individual taking responsiblity.
Crime could become a career choice.
Countries with manufacturing will probably do better than others (India, South America, but probably not China)
And people who thought the Lottery was a tax on the stupid/poor may start buying tickets.
Gassing Station | The Pie & Piston Archive | Top of Page | What's New | My Stuff