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Downturn points to cut in rates
Comments
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neverdespairgirl wrote: »I didn't say that the recession wasn't a factor, rather that the healthy and safety issues were also very relevant.
For example, here is a toy factory closing with the loss of 5,000 jobs in August last year for this reason:
http://news.bbc.co.uk/1/hi/business/6948274.stm
From a few days ago, and article on the BBC which states:
A Chinese toymaker which supplied firms including US giant Mattel has gone out of business with the loss of up to 7,000 jobs.
.......................
More than half of China's toy exporters have gone bust so far this year.
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The Chinese news agency Xinhua said 52.7% of the country's 3,631 companies making toys for export went out of business in the first seven months of the year.
It blamed rising production costs, the stronger yuan and tightened toy safety standards.
http://news.bbc.co.uk/1/hi/business/7675552.stm
And, also from the BBC in the last month:
More than half of China's toy exporters have been forced out of business this year, according to official figures.
China is the world's largest exporter of toys but officials say the industry is experiencing its most difficult time in decades.
Weaker demand from the US, a stronger Chinese currency and tougher safety standards are thought to be behind the rise in business failures.
Last year there were several large-scale product recalls as Chinese toys failed to meet international safety standards.
In response, the Chinese authorities closed hundreds of factories and forced others to comply with regulations.
http://news.bbc.co.uk/1/hi/world/asia-pacific/7670351.stm
But you do acknowledge the recession is global, and it is indeed a global economy where one suffers we all suffer.
What’s the saying America sneezes and we all catch pneumonia?0 -
But you do acknowledge the recession is global, and it is indeed a global economy where one suffers we all suffer.
What’s the saying America sneezes and we all catch pneumonia?
Of course I do. But you must acknowledge that the China toy example was a poor choice on your part, because of the big health and safety issues the industry is also facing....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Don't you nderstand the diference between converging and converged? It was 100 before Lehman and 300 after and 50 is normal, I think we should let the audience decide.
Lehman was the huge spike in Sept. Since you think I don't know the difference between convering and converged, please explain how you define it as converging prior to the Lehman spike..... (ie Jun to Sep)
Really, if you're in a hole the best thing to do is stop digging.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
I dunno really..............I lost interest after I read the 2nd page of this thread, so I have no idea what's going on, and who is saying what.
I get riled when I see stuff like LIBOR and US Base Rate bandied about without anyone apparantly understanding what they are referring to.
http://www.fullermoney.com/content/2008-11-03/ted.png
Purch any chance of extending that chart back to Aug 07?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
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Dig dig dig dig dig ....... :rotfl:
That is right dig,dig,dig.
I can't do any more, I think its terminal.
Only one place for him then.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
neverdespairgirl wrote: »Of course I do. But you must acknowledge that the China toy example was a poor choice on your part, because of the big health and safety issues the industry is also facing.
Not that poor choice but not all down to the recession
But it is a streched industry going in to recession with masive knock on effects.
Like builders in this country in trouble before going in to recession.0 -
Are you a member of Fullermoney?
The best £ 400 a year anyone can spend :T'In nature, there are neither rewards nor punishments - there are Consequences.'0
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