Inflation figures

WTF?_2

Deleted, wrong thread. Moved to debt one.

chucky

Deleted, wrong thread. Moved to debt one

purch

It always helps if you actually read the thread you are posting on...........then these mistakes wouldn't happen

WTF?_2

purch wrote: »

It always helps if you actually read the thread you are posting on...........then these mistakes wouldn't happen

Maybe I should learn to delete posts and cover my tracks like Chucky instead of noting that I removed the post.

chucky

as you see from the above - i did exactly the same as your good self.

try again !!!!!!, keep being silly about things - you'll get there one day

setmefree2

!!!!!!? wrote: »

I am concerned about the wider economy - this government is trashing it because the only way forward that they can see is to try to restore credit bubble style lending - it's a stated government policy objective to get lending back to 2007 level which represents the very peak of the bubble.

Houses are going to drop in the next year no matter what anyone does (short of mega inflation). Since I'm now earning Sterling and set to buy a house which will tie me down in the UK, I'm concerned about not seeing the country totally wrecked with Sterling devalued massively and a huge national debt which will have to be taxed out of the general population over the years to come.

This government is making a (very) bad situation even worse.

I really don't understand why you have to take such a pessimistic view. Look at the facts - Inflation is 4.5% and Unemployment is 5% - you live a plentiful country with benefits, free schools, health service,etc,etc. Sure it would be nice to have a budget surplus but we are not exactly in an IMF 1970's style scenario. I can't understand why you allow your mind to keep lingering on the worst case scenarios constantly.

TBH, I'm not saying people or governments should get into loads of debt, but you seem to be debt phobic to a point of also being risk averse. Life involves risk and debt. You borrow the money, you pay it back, it's no big deal for most people.

WTF?_2

setmefree2 wrote: »

I really don't understand why you have to take such a pessimistic view. Look at the facts - Inflation is 4.5% and Unemployment is 5% - you live a plentiful country with benefits, free schools, health service,etc,etc. Sure it would be nice to have a budget surplus but we are not exactly in an IMF 1970's style scenario. I can't understand why you allow your mind to keep lingering on the worst case scenarios constantly.

A nasty economic crash with soaring unemployment and a noticeable fall in living standards and affecting us for at least two years is not worst case, it's likely-case.

Worst case would be hyperinflationary boom followed by all-out collapse, and that's entirely within the realm of possibility.

We can revisit the various scenarios six months down the line as the real pain of mass redundancy, repossessions, bankruptcy and a banking system kept alive on taxpayer life support really sinks in.

TBH, I'm not saying people or governments should get into loads of debt, but you seem to be debt phobic to a point of also being risk averse. Life involves risk and debt. You borrow the money, you pay it back, it's no big deal for most people.

You seem to have missed the fact that we've already had the risky borrowing with almost a decade of loony lending and are now suffering the disastrous consequences, a credit contraction.

If our government had run the country properly we'd have had high interest rates with plenty of scope for cutting, lots of money in the public kitty with plenty to spare for capital spending on new infrastructure etc.

As it is, the assumptions that were made when keeping rates low and pumping the economy even more with borrowed money have proven to be a load of tosh and we are now suffering the consequences of having made a badly losing bet.

This isn't sensible borrowing adjusted for risk to help the economy out of the mess, this is 'double or quits' that the government are going for.

setmefree2

!!!!!!? wrote: »

If our government had run the country properly we'd have had high interest rates with plenty of scope for cutting, lots of money in the public kitty with plenty to spare for capital spending on new infrastructure etc.

When was the time when the economy was running perfectly? It doesn't - it's too complex and it's run by politicians who are only in power for cycles of four years.
So what am I supposed to do, spend my whole life chewed up with angst, full of rage, that whatever government which was in power didn't run the economy absolutely perfectly. Life's not perfect and who ever told you it was?

StevieJ

!!!!!!? wrote: »

Deleted, wrong thread. Moved to debt one.

Tell me you don't post on the debt board, I am sure there are some fragile individuals there.

StevieJ

!!!!!!? wrote: »

You seem to have missed the fact that we've already had the risky borrowing with almost a decade of loony lending and are now suffering the disastrous consequences, a credit contraction. .

Here we go again, we are suffering the consequences of dodgy yankee cdo's, (keep up at the back of the class), although if you meant US lending I will give you a star.