Chronically sick nation determined to learn nothing

Really2

econo wrote: »

Really2 would you please enlighten as to the best way out of the recession?

Low IR and economical stimulation.
Making it cheaper for business's to borrow maintain debt and expand.
The low IR lowers the value off the currency making your exports cheaper thus making you manufacturing stronger.
Because overheads are lower this lets companies retain important staff for longer thus helping in any kind of recovery.

Can you tell me the last time increasing interest rates helped a recession or got a country out of recession?
Or perhaps on county in this recession who as on its own (excluding IMF intervention) that as put its base rate up to combat the recession?

Sorry to provide a sensible answer to your obviously derogatory question:)

LydiaJ

Out,_Vile_Jelly wrote: »

Interesting observation. I'm not sure it's really true that the act of having a mortgage makes OOs superier in terms of financial savvy. Having a MEW cashpoint, and the option of taking out all those enticing loans advertised on daytime telly so you can go on a big holiday and have a shiny new kitchen doesn't seem to have instilled much debt intelligence in many home owners. And there are plenty of OO couples where one has no idea of the finances they're signed up to.

A correlation doesn't necessarily imply a causal relationship. Always bear this in mind when doing anything with statistics.

If it's true that OOs are more financially savvy, it MIGHT be because getting a house/mortgage makes you think about money in more detail and learn about it. Or it might be that being more financially savvy makes you more likely to buy a house. Or it might be that both house buying and financial acumen are affected by something else - like level of general education, for example. Or all of the above.

lemonjelly

Out,_Vile_Jelly wrote: »

Interesting observation. I'm not sure it's really true that the act of having a mortgage makes OOs superier in terms of financial savvy. Having a MEW cashpoint, and the option of taking out all those enticing loans advertised on daytime telly so you can go on a big holiday and have a shiny new kitchen doesn't seem to have instilled much debt intelligence in many home owners. And there are plenty of OO couples where one has no idea of the finances they're signed up to.

LydiaJ wrote
A correlation doesn't necessarily imply a causal relationship. Always bear this in mind when doing anything with statistics.

If it's true that OOs are more financially savvy, it MIGHT be because getting a house/mortgage makes you think about money in more detail and learn about it. Or it might be that being more financially savvy makes you more likely to buy a house. Or it might be that both house buying and financial acumen are affected by something else - like level of general education, for example. Or all of the above.

Out Vile Jelly, I wasn't arguing that OO's are financially superior. Indeed, LydiaJ's repost is fantastic.

I have experience of many OO's who have encountered significant problems with consumer debt. Just wanted to say in my experience, many people in rented housing (especially social housing) are more excluded from a huge amount of financial services and products.

mewbie_2

mewbie wrote: »

Agree with the sentiment Graham - too much lending requires too much lending to fix.

However my current gripe is the Abuse button. Click Thanks and the Abuse button moves under your mouse. Amateur web designers need a bit more control Martin.

Just to point out that they moved the Abuse button. IT people eh? Why put it in the WRONG PLACE to start with? Leave Planet Java and return to Earth.