UK Economy
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CaerMyrddin
- Posts: 1271
- Joined: Mon Sep 07, 2009 10:47 am
I'm wearing the same blinkers you areAll these people moaning about capitalism and fundamentally I see it as a political issue, driven by social policies. Am I wearing blinkers or is it everybody else?
I wouldn't blame exclusively social policies, as I see it many politicians just made stupid decisions motivated by winning elections, helping friends in corporations, etc. That has nothing to do with capitalism...
The problem is with politics I'm afraid. Democracy isn't working, many people who could do a decent job don't want to get in the mess, or simply know they can't have the media support without which you can't win an election. Signs of the times we are living, I guess.
Bank says economic climate 'extraordinarily serious' - http://www.bbc.co.uk/news/business-15984291
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superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
it's only the relative "health" of the US (in terms of growth) that is holding markets up atm. if we get some bad data out of the US in the next few weeks we could see some real fireworks (probably followed by a massive round of co-ordinated FED/ECB/BoE money printing - it's all they've got left and show no signs of changing course).Ferru123 wrote:Bank says economic climate 'extraordinarily serious' - http://www.bbc.co.uk/news/business-15984291
The bubble has burst: it is futile to resist reality - http://www.cityam.com/news-and-analysis ... gU.twitter
'The problem for George Osborne is that only one twentieth or so of his planned 5.3 per cent cuts in total spending by 2015-16 have already been achieved – and yet there are already mass protests. If the UK is not careful, much larger and faster cuts will eventually be imposed on it. Bank of England data reveals that quantitative easing and capital flight from the Eurozone have propped up the UK gilts market. The Bank entirely monetised the budget deficit in October, buying £16.9bn worth of UK government bonds with freshly issued money – more or less exactly equal to the £17.0bn in fresh gilts issued. We cannot go on printing our way out of the deficit – at some point, reality will reassert itself. It is a shame that the strikers couldn’t see it.'
Jeff
'The problem for George Osborne is that only one twentieth or so of his planned 5.3 per cent cuts in total spending by 2015-16 have already been achieved – and yet there are already mass protests. If the UK is not careful, much larger and faster cuts will eventually be imposed on it. Bank of England data reveals that quantitative easing and capital flight from the Eurozone have propped up the UK gilts market. The Bank entirely monetised the budget deficit in October, buying £16.9bn worth of UK government bonds with freshly issued money – more or less exactly equal to the £17.0bn in fresh gilts issued. We cannot go on printing our way out of the deficit – at some point, reality will reassert itself. It is a shame that the strikers couldn’t see it.'
Jeff
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superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
good article and interesting that he has changed his views. I exchanged a few emails with him last year and he was very much one of the "heads stuck in the sand" that he now describes.
he's a good bloke though and his performance on Newsnight last week on the dumbass new housing policy was great to see.
if I was Georgie I'd lop a bit more off the pension deal each time they go on strike, and then, when they have finally succumbed, lop off a bit more for good measure to teach them a lesson - if they don't like it then they can go compete with everyone else in the private sector.
he's a good bloke though and his performance on Newsnight last week on the dumbass new housing policy was great to see.
bailing out governments suggests a dangerously circular flow of funds which once again puts into question the viability of paper currencies
strong stuff from a city boy.We cannot go on printing our way out of the deficit – at some point, reality will reassert itself.
if the government had any balls they would end final salary pensions for public sector workers (like most companies have had to because they are simply unaffordable).The problem for George Osborne is that only one twentieth or so of his planned 5.3 per cent cuts in total spending by 2015-16 have already been achieved – and yet there are already mass protests.
if I was Georgie I'd lop a bit more off the pension deal each time they go on strike, and then, when they have finally succumbed, lop off a bit more for good measure to teach them a lesson - if they don't like it then they can go compete with everyone else in the private sector.
Last edited by superfrank on Fri Dec 02, 2011 1:22 am, edited 5 times in total.
Hi ALL
I may be in the wrong trend,but here goes
i have a friend who has 10.000 euros in savings ,my advise to her is to change it into sterling cash quick !! if all this about the euro is true, im not well versed in this currency thing ,and would apreachiate any advice offered ,
Thanks in advance
marc
I may be in the wrong trend,but here goes
i have a friend who has 10.000 euros in savings ,my advise to her is to change it into sterling cash quick !! if all this about the euro is true, im not well versed in this currency thing ,and would apreachiate any advice offered ,
Thanks in advance
marc
UK manufacturing confidence falling away, says EEF - http://www.bbc.co.uk/news/business-16032036
Marc - I'm not qualified to answer that, but you might find this article interesting, which addresses what would happen in Ireland if the Euro collapsed: http://www.rte.ie/news/money/debt/how-w ... apsed.html
Jeff
Jeff
convoysur wrote:Hi ALL
I may be in the wrong trend,but here goes
i have a friend who has 10.000 euros in savings ,my advise to her is to change it into sterling cash quick !! if all this about the euro is true, im not well versed in this currency thing ,and would apreachiate any advice offered ,
Thanks in advance
marc
How likely are you to lose your job? - http://www.bbc.co.uk/news/magazine-16049376
'Just imagine 100 unemployed people lined up. About 20 to 25 of them, on average, will be in work in three months. Now think of a hundred employed people lined up. One or two will be unemployed next quarter.'
My guess is that this is because few people are leaving their existing jobs, and few new jobs are being created...
Jeff
'Just imagine 100 unemployed people lined up. About 20 to 25 of them, on average, will be in work in three months. Now think of a hundred employed people lined up. One or two will be unemployed next quarter.'
My guess is that this is because few people are leaving their existing jobs, and few new jobs are being created...
Jeff
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mister man
- Posts: 363
- Joined: Tue Jul 27, 2010 2:10 pm
the stats are 2.6m unemployed officially, with that same amount hidden in ill health not claiming and in alleged training. so approx 5m unemployed in reality.
approx 0.5m jobs available, but many of these are self employed vacancies, part time etc, real fig is approx 0.35m of real jobs.
long term unemployed is over 1m on official figs, real fig is close to 3m...
your figs of 25% etc getting in work in a few months are sorry to say..... fantasy...
it would mean even in official lie speak, that 650,000 people will take 350,000 jobs. !!!!!
job share gone mad perhaps
even facturing in churn, it would mean that 650,000 off the figs of the mostly not long term unemployed or officially (33% !!!!...650k of 2.6 -1m) are replaced by 650,000 others on them at best, and that 300,000 jobs have been conjured up by a magic wand.
sorry matey u speak balldocks, and pure fantasy...
if u av a job, keep it, at any cost, the public sector strikers are showing how insulated they have been fromreality, by their mad action, most wont get other work if they leave, if they do it will be at less pay anyway, let alone work where they get gold plated pensions paid for by the rest of society...
approx 0.5m jobs available, but many of these are self employed vacancies, part time etc, real fig is approx 0.35m of real jobs.
long term unemployed is over 1m on official figs, real fig is close to 3m...
your figs of 25% etc getting in work in a few months are sorry to say..... fantasy...
it would mean even in official lie speak, that 650,000 people will take 350,000 jobs. !!!!!
job share gone mad perhaps
even facturing in churn, it would mean that 650,000 off the figs of the mostly not long term unemployed or officially (33% !!!!...650k of 2.6 -1m) are replaced by 650,000 others on them at best, and that 300,000 jobs have been conjured up by a magic wand.
sorry matey u speak balldocks, and pure fantasy...
if u av a job, keep it, at any cost, the public sector strikers are showing how insulated they have been fromreality, by their mad action, most wont get other work if they leave, if they do it will be at less pay anyway, let alone work where they get gold plated pensions paid for by the rest of society...
Whoa! 
Hang on a minute! Those aren't my figures!
I was merely quoting the BBC, as indicated by the quotation marks and the Italics!
Jeff
PS As I may be looking for work myself soon, I hope the figures aren't as grim as you think (although they probably are!).
Hang on a minute! Those aren't my figures! I was merely quoting the BBC, as indicated by the quotation marks and the Italics!
Jeff
PS As I may be looking for work myself soon, I hope the figures aren't as grim as you think (although they probably are!).
mister man wrote: sorry matey u speak balldocks, and pure fantasy...
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mister man
- Posts: 363
- Joined: Tue Jul 27, 2010 2:10 pm
bbc/media all are not letting any of us know how bad it is
also its not what i think ...!!!!
i have correspondance from all political parties, the tuc, various other bodies on this, and have been in touch with government ministers and shadow ministers, in dept of works and pensions and related departments, via letter and e-mail, including david cameron (wan**r)
dont believe the media...
two years research matey, no lie....
gud luk with your job hunt,if u r over 50 forget it, if under 24 they will throw all resources at you, if in between best if u r female, ethnic minority, suffering some form of potential discrimintion, be it health or otherwise, or both.
if possible emigrate...
also its not what i think ...!!!!
i have correspondance from all political parties, the tuc, various other bodies on this, and have been in touch with government ministers and shadow ministers, in dept of works and pensions and related departments, via letter and e-mail, including david cameron (wan**r)
dont believe the media...
two years research matey, no lie....
gud luk with your job hunt,if u r over 50 forget it, if under 24 they will throw all resources at you, if in between best if u r female, ethnic minority, suffering some form of potential discrimintion, be it health or otherwise, or both.
if possible emigrate...
I'm sure it's tough, and success can never be taken for granted, but there are still opportunities for people who are willing to go out there and show employers that they're willing to bust a gut and become a great resource for their company.mister man wrote: two years research matey, no lie....
I actually have dual British and American citizenship, but I'm not sure that the opportunities are any better in the States...mister man wrote:if possible emigrate...
Jeff