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One to make you wonder about the sanity of the Nation.
Comments
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So we aren't in fact looking at the worst economic crisis since the 1930s then?
Uh-huh.
I was referring to this bit
recessions have been deferred so many times in the past
How does it go Uh-huh!'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 -
I was referring to this bit
recessions have been deferred so many times in the past
How does it go Uh-huh!
2001, 2003, 2005.--
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 -
2001, 2003, 2005.
Are you saying that everytime they reduce interest rates it counts as a recession put off :rotfl: I hope it works this time, although I fear not. You missed 2007 '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 -
Austin_Allegro wrote: »I do wonder though if it can be kept going indefinitely, it's just a case of coming up with a new version of the debt bubble once people have forgotten the lessons of the last one.
I've been watching Prof. Ferguson's series 'The Ascent of Money' and its amazing how many booms and busts there have been since the creation of modern stocks and banking in the seventeenth century.
Once in a while we get a really big bust - Jayne Mansfie...er, I mean, South Sea Bubble, 1929 etc but even those eventually are overcome.
Have you read "A Random Walk Down Wall Street" by BG Malkiel? The first few chapters details the major booms and busts of the last few hundred years including the Dutch Tulip mania and the South Sea Bubble. Very interesting and informative read.0 -
Check out that debt free forum, about the person with debts of over £200k and the DOGS. Then you'll see why the country is so scr£w£d up.
http://forums.moneysavingexpert.com/showthread.html?t=1327113
This makes two.
The dogs? I don't give a !!!! about the dogs.
Just wondering why they had to hit £200K before they asked for help.
At £20K and nothing to show for it I would be screaming from the roofs for help.
At £100K I would be going insane.
How does someone get that deep? How can ANYONE be that irresponsible.Savings
£14,200 with £1100 M.I.A. presumed dead.0 -
The dogs? I don't give a !!!! about the dogs.
Just wondering why they had to hit £200K before they asked for help.
At £20K and nothing to show for it I would be screaming from the roofs for help.
At £100K I would be going insane.
How does someone get that deep? How can ANYONE be that irresponsible.
Not another one that believes it ? '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 -
Are you saying that everytime they reduce interest rates it counts as a recession put off :rotfl: I hope it works this time, although I fear not. You missed 2007
I'm saying that when the West faced possible recessions the response of our govts has been to slash rates to encourage borrowing and spending.
Economy looking bad, threat of recession or housing slump - slash rates.
And when the economy boomed, they didn't raise 'em, stoking the fires further.
Now it's all hit a brick wall, a really really big one this time.
Response: Slash rates.
Problem: No money out there to lend.
(likely) Response: Print money.--
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'm saying that when the West faced possible recessions the response of our govts has been to slash rates to encourage borrowing and spending.
Economy looking bad, threat of recession or housing slump - slash rates.
And when the economy boomed, they didn't raise 'em, stoking the fires further.
Now it's all hit a brick wall, a really really big one this time.
Response: Slash rates.
Problem: No money out there to lend.
(likely) Response: Print money.
I am not even going to attempt to answer that, it is so ridiculous :eek:'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 -
I am not even going to attempt to answer that, it is so ridiculous :eek:
Fine, don't expect me to respond to many more of your posts which are increasingly coming across as little more than nitpicking.--
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 -
Fine, don't expect me to respond to many more of your posts which are increasingly coming across as little more than nitpicking.[/quote]
:rotfl:Temper!'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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