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

[turbobloke]

Seek said:

turbobloke said:

The well off are turning to pawn for a bit of relief.

The well off or the people with objects of significant status and debts that match/exceed the value of these assests?

Major difference.

Both, looking at the nature of the goods and chattels. Art collections and yachts have as yet failed to make it into the world of the his'n'hers White Audi Club, though the Audis would be fair game if and when they're actually owned.

[Andy Zarse]

Hawkins Bazaar gone into administration today. Happy Christmas for them then...

[essayer]

Andy Zarse said:

Hawkins Bazaar gone into administration today. Happy Christmas for them then...

Where will I buy my somersaulting dog puppets now?

[Derestrictor]

Amazon, Tesco.

[Andy Zarse]

essayer said:

Andy Zarse said:

Hawkins Bazaar gone into administration today. Happy Christmas for them then...

Where will I buy my somersaulting dog puppets now?

I don't know, it's a real head scratcher isn't it.

[turbobloke]

The good news - the UK economy will be the biggest in Europe by 2050, ahead of Germany and France.

Click

The bad news - we'll be in ninth place having been overtaken by Indonesia, Mexico, Russia and India, according to a Goldman Sachs report. So it'll still be bad, maybe not very bad

[Gwagon111]

turbobloke said:

The well off are turning to pawn for a bit of relief.

http://www.telegraph.co.uk/finance/newsbysector/re...

One of my close drinking buddies is 'landed gentry'. He said even his lot were starting to feel the pinch.

[jonah35]

hawkins bazaar, saab, d2 jeans, barratt, bank shares down on a year ago and grim high street predictions, some say 2012 is going to be worse than 2008 as rates have no where to go and retailers have beens struggling since 2008 and austerity measures are kicking in and inflation is still high

[Zyp]

Not to worry chaps.
The world ends in a little under 12 months.

Happy New Year.

[turbobloke]

[AstonZagato]

http://agonist.org/numerian/20120102/peak_money_ar...

depressing and rather too sensationalist for my liking.

[turbobloke]

AstonZagato said:

http://agonist.org/numerian/20120102/peak_money_ar...

depressing and rather too sensationalist for my liking.

An interesting read all the same.

Apart from the subjective unacceptability of such a doom laden message, which may have to be accepted at some point, for me the fallibility of the piece (if there is one) is the self-confirmation in phrases like "as we’ve shown here, there is no political or other impetus that can prevent this from happening".

To my mind, when the outcomes of a complex series of unpredictable events are unknown, nothing has been shown but plenty has been asserted - at least, to a common understanding of what shown is intended to mean.

[Digga]

turbobloke said:

AstonZagato said:

http://agonist.org/numerian/20120102/peak_money_ar...

depressing and rather too sensationalist for my liking.

An interesting read all the same.

Apart from the subjective unacceptability of such a doom laden message, which may have to be accepted at some point, for me the fallibility of the piece (if there is one) is the self-confirmation in phrases like "as we’ve shown here, there is no political or other impetus that can prevent this from happening".

To my mind, when the outcomes of a complex series of unpredictable events are unknown, nothing has been shown but plenty has been asserted - at least, to a common understanding of what shown is intended to mean.

Bit I think this point is perhaps the crux and is undeniable:

The Agonist said:

Since the initial credit crisis struck in 2008, credit and money have been withdrawn from the system in such staggering amounts that international trade can no longer grow.

[turbobloke]

Digga said:

Bit I think this point is perhaps the crux and is undeniable:

The Agonist said:

Since the initial credit crisis struck in 2008, credit and money have been withdrawn from the system in such staggering amounts that international trade can no longer grow.

QE(D)?

Until banks get the message and release the money

That'll work, we'll be inside the next asset bubble in no time, just the job to halt any decline in inflation predicted for this year in the UK and EU at least

[Digga]

turbobloke said:

Digga said:

Bit I think this point is perhaps the crux and is undeniable:

The Agonist said:

Since the initial credit crisis struck in 2008, credit and money have been withdrawn from the system in such staggering amounts that international trade can no longer grow.

QE(D)?

Until banks get the message and release the money

That'll work, we'll be inside the next asset bubble in no time, just the job to halt any decline in inflation predicted for this year in the UK and EU at least

Not sure, at SME level, there's no risk of inflation. Consumer credit is a totally different matter.

[turbobloke]

Guam said:

Digga said:

Not sure, at SME level, there's no risk of inflation. Consumer credit is a totally different matter.

As is so often the case I agree with my learned friend Digga Mlauds

Deflation is where most SME's have been for the last couple of years price wise, that and de leveraging

Indeed but consumers, as discussed, are a different beast - are we not

Mine's a white RRS or RRE please...

[tomw2000]

turbobloke said:

Indeed but consumers, as discussed, are a different beast - are we not

Mine's a white RRS or RRE please...

To go with the holiday(s) here: http://www.sandylane.com/

etc.

(I know of people exactly like the type you're referring too - TERRIFYING).

[essayer]

So

Thorntons - overpriced luxury chocolate
La Senza - overpriced luxury underwear
Hawkins Bazaar - overpriced poundshop tat
Blacks/Millets - overpriced camping gear all purchasable in TK Maxx / Tesco
Next, disappointed with their sale - perhaps if you didn't just put all last year's summer gear out people would buy more

I am seeing a pattern here. Perhaps the UK consumer has finally woken up ?

[Olf]

essayer said:

So

Thorntons - overpriced luxury chocolate
La Senza - overpriced luxury underwear
Hawkins Bazaar - overpriced poundshop tat
Blacks/Millets - overpriced camping gear all purchasable in TK Maxx / Tesco
Next, disappointed with their sale - perhaps if you didn't just put all last year's summer gear out people would buy more

I am seeing a pattern here. Perhaps the UK consumer has finally woken up ?

Yep - Thorntons - st and have been for years - Hotel Chocolate a far better option. La Senza are not favoured by the women in m y life.

See John Lewis' news today for the opposite view.

[Digga]

tomw2000 said:

turbobloke said:

Indeed but consumers, as discussed, are a different beast - are we not

Mine's a white RRS or RRE please...

To go with the holiday(s) here: http://www.sandylane.com/

etc.

(I know of people exactly like the type you're referring too - TERRIFYING).

I will fess up here.

The arrival of Mrs Digga's RRE is imminent...

...and for the first time ever we are having a winter 'sun' holiday in, guess where.

I can't ski this year due to a massive shoulder injury sustained mtb-ing in the Alps.