Britain facing another financial crisis !

mewbie_2

It's a very good graph Cleaver, makes a good joke at my expense and undermines my point. I wish you were on my (bear) side.

Bob_the_Saver

Just remember the financial journalists are back from their staycations, are sobering up a little and think it's time to scribble some more rubbish. These are the idiots who didn't see the crash/recession/s**t/depression or whatever coming don't forget.

Cleaver

mewbie wrote: »

It's a very good graph Cleaver, makes a good joke at my expense and undermines my point. I wish you were on my (bear) side.

I don't have sides as I have no confidence in my own ability to understand what the f**k is going on.

mewbie_2

Cleaver wrote: »

I don't have sides as I have no confidence in my own ability to understand what the f**k is going on.

Then you should follow the bear Cleaver.

Cleaver

mewbie wrote: »

Then you should follow the bear Cleaver.

Nah, I'm an optimist at heart I think. I always think stuff will probably turn out okay with a decent spirt and a bit of hard work and, in general, it normally does. It's nice not being either anyway. You can post whatever you fancy, change your opinion on a daily basis, find both positive and negative news interesting and generally not get angry or frustrated at much.

I obviously don't get thanked by rewired all that often, but it's a price I'm willing to pay.

FungusFighter

Cleaver wrote: »

Nah, I'm an optimist at heart I think. I always think stuff will probably turn out okay with a decent spirt and a bit of hard work and, in general, it normally does. It's nice not being either anyway. You can post whatever you fancy, change your opinion on a daily basis, find both positive and negative news interesting and generally not get angry or frustrated at much.

I obviously don't get thanked by rewired all that often, but it's a price I'm willing to pay.

TBh mate I think you could be thanked by rewired now and again without folks sussing its you just so long as you don't over do it:D

purch

Britain facing another financial crisis !

Great :j

You want decades for one, and then two come along at the same time !!!!!

mewbie_2

purch wrote: »

Great :j

You want decades for one, and then two come along at the same time !!!!!

It's actually the same old crisis that has been there for the last ten years. How much longer can we keep on borrowing and spending other nations money?

tomterm8

Cleaver wrote: »

Can you give any links to examples of all the things that the banks are yet to declare?

Um, I would assume its hearsay, since if the banks actually declared these lossess, they wouldn't be undeclared.

I think there are lossess that haven't been declared, but I don't think its a major factor in the recovery. The banks will declare losses as they rebuild capital over time with their massive profits.

I also think that many of the declared losses might turn into credits as written off loans actually repay money later on. Similar to the 1980's.

Cleaver wrote: »

I always thought that low interest rates are a background stimulus, one small aspect of (hopefully) many to 'help the cause'. There seems to be a few posters that think that lowering interest rates has create a sizemic shift in the economic and cultural landscape. I don't really see this. I understand that in a vague way it encourages public borrowing and spending, but I don't see it having a huge impact. I also understand that lowering interest rates increases assets such as shares and houses to some extent, but I think the recent rise in equities is as much down to a number of other factors as it is to low interest rates.

Lastly, and this is just an observation, it's interesting how some can see lowering interest rates as an important step to stablising and increasing economic output in the country, whilst others see it as just a delaying tactic before everything comes crashing down. I see it as the former.

I agree with everything you say above.

StevieJ

Must be all those ALT-A reset thingys that RAF guy (or army ) is always going on about.