OMG - America says "No!"

rchddap1

The irish lesson was sensible, and think they are considering doing something similar over here.

Part of me thinks that the US government needs to get it passed, but another tells me that its a stupid idea. Where's that time machine when you need it.

If the bad credit isn't weeded out.....will the banking system continue to get worse? Then can the UK government continue to bail out all the banks until pretty much the entire industry is nationalised?

The financial system does need change. I don't think you'd find many who'd argue against that one. But when is the best time to do it. Is it when the economies of the west are potentially undergoing collapse, or when things have stabilised somewhat?

dopester

posh*spice wrote: »

Ya Arsenal just scored - Van Persie (first for a year!):T:T:T

His first in the Champions League for a year? He's scored 3 times in the Premiership this season, helping me to 5th place of 32 in our work's Telegraph Premiership Fantasy Football League. Just don't get injured Van Persie in these CL matches.

posh*spice

dopester wrote: »

His first in the Champions League for a year? He's scored 3 times in the Premiership this season, helping me to 5th place of 32 in our work's Telegraph Premiership Fantasy Football League. Just don't get injured Van Persie in these CL matches.

Sorry - first in champions league;) Statto!

mewbie_2

Don't worry about the financial meltdown, worry about the mewbie meltdown. It could result in pages of angry nonsense being posted...

Wind back. Few months. 10p tax fiasco. Messed up, took a year to notice. Ooops. Nothing we can do until the next budget. All about budgets and money and time.

Now, all of a sudden - billions are available to rescue failed businesses. Billions, while child poverty is still a real problem in Britain. I am disgusted with the government, the regulators, the city, the financiers - all of them - greasy back slapping bunch of lying spineless wasters.

600 billion to fight an illegal war - no problem. 700 billion to save our necks - no problem.

I'm sorry - I am suffering from hypocrisy overload.

dopester

America will do what it has done before after previous mega-booms.

RETRENCHMENT. It is the American way. You can't keep a bubble this big inflated now it is over. The bad debt needs to be liquidated.

You don't get a camel already heavily weighed down to move by adding even more weight. Slow bad debt liquidation. Recession/depression and deflation.

posh*spice

mewbie wrote: »

worry about the mewbie meltdown.

Ohhhh nooo don't melt down! Deep breaths:rotfl::rotfl:It'll pass:cool:

Naughty_Sausage

Hi All

I have to say that this has been a really interesting thread.

A blokie on TalkSport last night said that within 2 weeks, American companies will not have enough liquid cash to pay salaries. I work for an American Consultancy firm (employee benefits) but in the UK. Do you think that this will happen and so affect me?

NS x

dopester

rchddap1 wrote: »

The first issue is to get things moving again so that our economies get back to normal....

They are getting back to normal though.

They are moving against the years of misallocation of investment, and punishing the industries which grew and reinvested to worship the forever inflating house price bubble.

rchddap1

I hope not. But it is a serious issue. If credit dries up then the credit that companies use for bits of their operation dries up. People then lose jobs etc....

The results of this credit issue will affect everyone. Whether the american public want to believe it or not....it will. But how it will affect us....who knows. Few know whats going to happen tomorrow at the moment, never mind in a couple of weeks time.

posh*spice

posh*spice wrote: »

Sorry - first in champions league;) Statto!

4 nil:j:j:j to the Arsenal....