Is the BBC Avoiding Critical Topics Like U.K Bankruptcy?

StevieJ

chucky wrote: »

is housepricecrash.com not working today!?

has anyone noticed all the 1 post wonders starting threads - sounds like someone has the need to use their sock puppets to me...

Hey Chucky he is picking on me, I am a victim :eek:

mymatebob

chrisweb wrote: »

Educated people can steer their government policy in a better direction for one preventing bubbles being created in the first place.

It's my belief that an educated public is much more proficient at making better decisions.

An argument is its good for the BBC to keep giving people good news because it saves our economy through social mood. Of course there's some truth in that as social news plays a factor - but for all the good forecasts coming out from the government (via the BBC) it hasn't stopped the recession been even worse. Also under that theory the BBC should have been feeding us full of bad news to stop the bubble being created in the first place.

At the end of the day a bubble is bursting, stopping people hearing about it is not going to stop it from bursting, the only way to stop it from bursting was to not have a bubble in the first place.

So how are you stopping people going into negative equity again?

dealsearcher

The fact is we are doing ourselves down in Britain. The eurozone economy is also in bad shape, but the euro is remaing strong - why? The eurozone governments are minimizing their problems. In fact they are telling us they are having temporary difficulties. Hence the euro is remaining strong and we are hearing much less about their difficulties. In contrast Mervyn King broadcasts that we are in 'deep recession' and the media goes on a feeding frenzy about our banks collapsing and the economy being in dire straits.

Yes we should deal with Gordon Brown and his refusal to accept any responsibility but we should not do ourselves down to the extent that it becomes a self fulfilling prophecy.

StevieJ

dealsearcher wrote: »

The fact is we are doing ourselves down in Britain. The eurozone economy is also in bad shape, but the euro is remaing strong - why? The eurozone governments are minimizing their problems. In fact they are telling us they are having temporary difficulties. Hence the euro is remaining strong and we are hearing much less about their difficulties. In contrast Mervyn King broadcasts that we are in 'deep recession' and the media goes on a feeding frenzy about our banks collapsing and the economy being in dire straits.

Yes we should deal with Gordon Brown and his refusal to accept any responsibility but we should not do ourselves down to the extent that it becomes a self fulfilling prophecy.

Hence the euro is remaining strong and we are hearing much less about their difficulties

But what if they actually need a weak Euro e.g. Ireland :eek:

chrisweb

mymatebob wrote: »

So how are you stopping people going into negative equity again?

An educated population would not buy into bubbles and encourage their government to stop creating them. No bubble = no negative equity when bubble burst.

Just my opinion

Do you think the public should only hear one side of the story so they buy into a bubble blindly and make it bigger and bigger?

mymatebob

chrisweb wrote: »

An educated population would not buy into bubbles and encourage their government to stop creating them. No bubble = no negative equity when bubble burst.

Just my opinion

Do you think the public should only hear one side of the story so they buy into a bubble blindly and make it bigger and bigger?

Where will all these people without property now live then?

And I think people should have as much access to information as they possibly want

baileysbattlebus

Why would the BBC want to inflict even more doom & gloom - it is just so depressing and Robert Peston usually has plenty to say.

There are countries in Europe having as big if not bigger problems than we are. Greece and Spain have had their credit ratings down graded by Moody why haven't we? I guess that the short term picture might not have looked wonderful but that currently they are happy with the longer term outlook.

Debt as a % of GDP is 47.5% -
Debt as % of GDP in the 1970's was over 70%

Also due to the nature of accounting, with RBS for example - all of the liabilities are included, but not the assets like mortgages & loans - the majority of loans & mortgages will be repaid, not everyone who has a mortgage or loan with a bailed out bank with will default or be repossessed.

The banks didn't get bailed out for free - it will cost them a pretty penny at some point in the future. Northern Rock has already repaid about £16bn of the £27bn it borrowed.

Even Ken Clarke has something to say on Cameron's Bankrupt Britain

http://www.telegraph.co.uk/finance/financetopics/recession/4338773/Ken-Clarke-dismisses-David-Camerons-claim-that-Britain-is-going-bankrupt.html

chrisweb

dealsearcher wrote: »

The fact is we are doing ourselves down in Britain. The eurozone economy is also in bad shape, but the euro is remaing strong - why? The eurozone governments are minimizing their problems. In fact they are telling us they are having temporary difficulties. Hence the euro is remaining strong and we are hearing much less about their difficulties. In contrast Mervyn King broadcasts that we are in 'deep recession' and the media goes on a feeding frenzy about our banks collapsing and the economy being in dire straits.

Yes we should deal with Gordon Brown and his refusal to accept any responsibility but we should not do ourselves down to the extent that it becomes a self fulfilling prophecy.

People's opinion on the economy doesn't really change the fact of the UK's:

• Large trade deficit
• Record levels of government debt
• Average bank leverage levels higher than U.S. banks (see above)
• Huge level of personal debt among citizens
• Significant drops in tax revenue
• Weak currency

I don't want to beat our economy down. I want the UK to be strong and prosperous. I just don't think the fundamentals paint a good picture for the UK. I wish it did, but for me I don't like what I see.

chrisweb

mymatebob wrote: »

Where will all these people without property now live then?

Maybe they would throw out a government that managed the economy so badly that they started to allow a bubble to develop and allowed such crazy practices as all the credit default swaps and sub-prime loans.

setmefree2

chrisweb wrote: »

People's opinion on the economy doesn't really change the fact of the UK's:

• Large trade deficit
• Record levels of government debt
• Average bank leverage levels higher than U.S. banks (see above)
• Huge level of personal debt among citizens
• Significant drops in tax revenue
• Weak currency

I don't want to beat our economy down. I want the UK to be strong and prosperous. I just don't think the fundamentals paint a good picture for the UK. I wish it did, but for me I don't like what I see.

1)Our trade deficit is shrinking
http://news.bbc.co.uk/1/hi/business/7291521.stm

2) Our levels of government debt are better than most other economys. Furthermore, economys with less debt than the UK are in a worse sitaution than us in regards to falls in GDP and unemployment.

3) Economys with large numbers of savers such as Japan and Germany are worse off than us.

4) Everyone is suffering from falls in tax revenue

5) A weak currency has helped increase our exports - see 1- trade deficit is shrinking.

You do want to beat our economy down and furthermore you don't know what you're talking about.