OECD: UK will miss start of recovery

purch

What do the two different lines on the graph refer to?

It doesn't matter.

It's on Market Oracle, so it has to be taken as 100% true and correct :eek:


(P.S. He also hasn't got a clue what it means, but it looks pretty so he cut n pasted it)

mbga9pgf

Stop being a C@nt. One line is based off the government projection. The other using the actual GDP falls and adding in the pensions deficit and pfi

StevieJ

mbga9pgf wrote: »

Stop being a C@nt. One line is based off the government projection. The other using the actual GDP falls and adding in the pensions deficit and pfi

Naughty,naughty You like to compare us to the Germans, what are their future pension obligations?

Graham_Devon

StevieJ wrote: »

Naughty,naughty You like to compare us to the Germans, what are their future pension obligations?

Might be naughty, but at least it's accurate after that immature comment.

mbga9pgf

StevieJ wrote: »

Naughty,naughty You like to compare us to the Germans, what are their future pension obligations?

Once again, in combining our state and personal debt, our total debt far, far exceeds the debt of any other leading european nation. Or do you think that we only have to pay one type of debt off and not the other?

purch

You lot crack me up :rotfl:

You take yourselves way way way too seriously :eek:

Anyone would think the drivel you spout on this forum actually matters !!!

mbga9pgf

Anyone would think the drivel you spout on this forum actually matters !!!

You wont be saying that when they tax home ownership to pay for this sorry mess.

JWF

Viva la Revolution!

Masomnia

Fair point on the credit cards.

I'm looking at table 5 at the moment, and thinking the deposits held by different countries is very interesting indeed...

Edit: Seriously, am I reading this right?

Value of deposit accounts per individual in USD: France, 11,844; Germany, 15,324; UK, 151,110?!

That's staggering. Looking at the bit before it, we have almost $9trillion in savings more than our neighbours.

And Japan, which I was reading on here is less screwed than us because they have a 'savings culture', has a third of the total deposits that we do! Don't know what to believe now!

mbga9pgf

You have misread, you are reading off no. of accounts I think. The actual retail deposits are:

Value of accounts (GBP billions) 2,804.53 3,125.59 3,759.52 4,214.22 4,588.59

France:

Value of accounts (EUR billions) 349.41 363.28 404.13 431.56 456.54
Germany
Value of accounts (EUR billions) 656.21 683.48 779.03 829.77 855.91

Japan
Value of accounts (JPY billions)2 286,690.6 301,172.9 318,010.0 316,100.1 377,449.5

Which for 2009 equates to around 2.5 trillion.

There is something screwey with those figures for sure and not exactly sure what it is.

This from bloomberg earlier this year.

Bank Dec. 31, 2008 June 31, 2008 % Change
(bln pounds) (bln pounds)
Northern Rock 19.6 14.2 +38
NS&I 94.9 85.9 +10
A&L 24.7 23.7 +4.2
Abbey 73.5 71.1 +3.4
Barclays 89.6 88.4 +1.4
Lloyds 85.9 85.6 +0.4
RBS 95.9 96.3 -0.4
B&B 20.9 22.2 -5.9
HBOS 143.7 160.0 -10

Table 2 Value of deposits may be a better indicator, need to be aware though that it also includes any overdraft function on the account.

Table 8 has some interesting stats in terms of usage of debt. Compare the "payments by cards with a credit function" for france, germany and UK. Quite telling.