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Post by Deleted on May 3, 2016 20:22:08 GMT
Once again this slump is being pinned on the uncertainties regarding the Brexit Referendum with people holding of spending any money. It's not that people are holding off on spending money, it's more that nobody has any to spend. I earn less than I did 20 years ago, my girlfriend who is an HCA has had her pay rises capped at 1% for years, I don't know anybody who has a fraction of the disposable income that they did 10 or 20 years ago. The thing is that pre brexit vote uncertainty is being blamed for everything wrong in the economy which of course is rubbish,I think the people holding off on spending money refers to people thinking before they spend anything at all rather than actually having nothing to spend,if you see what I mean ?
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Post by Mr Stabby on May 3, 2016 20:30:39 GMT
I doubt that anybody thinking of spending money redecorating a room, or buying a new television, or booking a holiday, or any of the other million and one things that folk spend their spare money on is waiting to see which way the vote goes before gong ahead. None of us have got any money nowadays because Poles and Lithuanians are doing our jobs for half the going rate.
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Post by Deleted on May 3, 2016 20:50:56 GMT
I doubt that anybody thinking of spending money redecorating a room, or buying a new television, or booking a holiday, or any of the other million and one things that folk spend their spare money on is waiting to see which way the vote goes before gong ahead. None of us have got any money nowadays because Poles and Lithuanians are doing our jobs for half the going rate. It came from the FT,I am sure the Editor will be glad for your opinion ha ha ha I totally agree with you,we seem to live in a world of manipulation and downright lies where facts are concerned,especially just now.Makes you long for the days as a kid where what Richard Dimbleby and Bush House said could be relied on as being not only the truth but the whole Truth.But was it ever?
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Post by loafer on May 3, 2016 22:15:31 GMT
Not since Sir James Wilson Vincent Savile, OBE, KCSG
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Post by sabcat on May 8, 2016 14:33:26 GMT
The economy, globally, is screwed. The QE doses are running out of steam - most of the value they injected into the system was wiped out in the market falls a the start of the year and that alone exposes both the weakness of the policy and the targets for it. Of the £350billion of QE that the BoE did less than £24bn found it's way into the real economy, the rest inflated asset (share) prices or put another way, given the ownership of share, the BoE gave the richest 5% of households in the UK £300k each.
The increase in debt since the last crash ($57trillion) is a problem for the people who hold it more than it is for people who owe it. Debt is really a paper claim on future production, no more, no less. The increase in debt has outstripped the increase in production by orders of magnitude and much of this new debt is concentrated on emerging markets - China, India, Brazil - which are slowing down dramatically.
There's one word that describes the economic outlook now "Fucked".
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Post by peterboat on May 8, 2016 14:48:08 GMT
The economy, globally, is screwed. The QE doses are running out of steam - most of the value they injected into the system was wiped out in the market falls a the start of the year and that alone exposes both the weakness of the policy and the targets for it. Of the £350billion of QE that the BoE did less than £24bn found it's way into the real economy, the rest inflated asset (share) prices or put another way, given the ownership of share, the BoE gave the richest 5% of households in the UK £300k each. The increase in debt since the last crash ($57trillion) is a problem for the people who hold it more than it is for people who owe it. Debt is really a paper claim on future production, no more, no less. The increase in debt has outstripped the increase in production by orders of magnitude and much of this new debt is concentrated on emerging markets - China, India, Brazil - which are slowing down dramatically. There's one word that describes the economic outlook now "Fucked". Today we went to B & Q it was built a couple of years ago and is now having a closing down sale! It was built in the wrong place [to busy a road so big traffic jams] But to me it shows that things are not going well in Rotherham or the country [60 B & Qs are closing] Debt is going to be featuring a lot in the near future Greece has to repay its loan soon and so they say cant, so once again there will be much wailing and gnashing of teeth, and with luck we will have left so it wont be our problem
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