Just how bad can our economic problems be?

[cymtriks]

Can they really be this bad?

howitends

Check out some of the stuff on the menus, to the left and right of the page, pensions, house prices, inflation, the tax burden, the myth of growth...

Depressing stuff even if (hopefully) only a fraction of it is correct.

[F i F]

There is stuff on that site that is utter tripe, written with an agenda.

First thing I read more or less amounted to it's Maggie Thatcher's fault, and the example they gave as to what she did wrong was factually incorrect.

Idiots. Not wasting my time further.

[SirTainly]

Where the hell was that author in 2000/2001? - no recession my arse, the markets he mentions were cutting jobs quicker than you could say knife - I spent 6 months out of work.

[12gauge]

Well, this bits right...


There should have been a massive recession in 2000/2001 as a result of the dot com collapse when more than $1 trillion was wiped off stocks in a year, but the recession never happened. It never happened because Alan Greenspan, George Bush, Gordon Brown, Tony Blair along with many others elected to flood their economies with additional cash. Recessions have historically happened every 7 years but in 2000 nothing happened.

It doesnt seem to 'blame Thatcher' to me?

[MX7]

He's selling training courses!

http://www.howitends.co.uk/how-we-can-help.php

[cymtriks]

Surprised that anyone would find a "blame Thatcher" message in that lot, I didn't spot her name once but saw Gordon mentioned many times.

The general argument seems to be that declining exports, increasing debts, an aging population (plus a replacement population more heavily weighted in favour of benefit dependents and immigrants), plus a far higher rate of inflation than is admitted... we are.... doomed.

The conclusions are far more pessimistic than the usual "pay more tax, make cuts" line, they predict meltdown as the electorate is largely unwilling to vote for anyone who will actually do what is necessary (in their view).

[andy400]

There does seem to be a whole lot of bks in that site.

'The average age of the first time buyer has risen from 25 to over 40'

Really? I can't claim any expert knowledge, but I know a fair cross section of working people, and not one of them has had to wait beyond their early thirties.