People who should not be freelance

Pobby

Sorry to say it but here is one of many victims of G.Browns ``miracle economy``.Similar to the M.Thatchers``economic revolution``.Easy borrowing,low interest rates have kept this country in a ``boom`` situation and now the social costs are starting to appear.

House prices,imho are unsustainable.Inflation,although we are told it is low,is possibly a lot higher than we are lead to believe.Rising unemployment will stop many from being able to repay mortgages and loans.There is global pressure to raise interest which will compound problems further.

Sorry to sound like doom and gloom but history has proved there are economic cycles and markets that turn into bubbles.Why anyone should think``it`s different this time``is hiding their head in the sand.

GreenFingers_2

Floss wrote:

She needs a slap in the face with a wet fish!......

Hee hee… apparently fresh Haddocks are very good for that or so one of my ex-wives advised me…lol. You can get a really good grip on them and they swish through the air really fast….. She also said… sob... I was…a …a… “Rat Bag” lol, a phrase that is not in the ‘Oxford Dictionary and Thesaurus of Insults and Foul Language’ so I must be a really, really bad boy ……

nrsql

Seem to remember the big advatage in the way the economy is being run is that it brings an end to the "boom and bust" cycles in favour of a steadily increasing economy.

I guess that's untill we run out of other means of getting money into the exchequer - like pension raids, lottery, IR35, speed cameras, council tax, utilities, ..........
and it becomes too transparent what the economy is really doing (about now?).

I'm thinking this shouldn't be in the DFW forum.

Kevicho

Im sure i posted about this a few weeks ago, mind i was a bit drunk when i did lol

I think she has ambition and determination, but not much financial sense.

Good luck to her and her new child i say, but i dont see why this story deserves coverage when there are millions of similar cases

Pobby

nrsql wrote:

Seem to remember the big advatage in the way the economy is being run is that it brings an end to the "boom and bust" cycles in favour of a steadily increasing economy.

I guess that's untill we run out of other means of getting money into the exchequer - like pension raids, lottery, IR35, speed cameras, council tax, utilities, ..........
and it becomes too transparent what the economy is really doing (about now?).

I'm thinking this shouldn't be in the DFW forum.

That`s right.An end to boom and bust----lol

nearlyrich

Kevicho wrote:

Im sure i posted about this a few weeks ago, mind i was a bit drunk when i did lol

I think she has ambition and determination, but not much financial sense.

Good luck to her and her new child i say, but i dont see why this story deserves coverage when there are millions of similar cases

That's exactly what I thought when I read it, I even remebered who posted it, I must get out more LOL.

I have merged the two threads appologies if it looks a bit strange now!:cool:

ms_london

""Eventually, I suggest a year-long payment holiday, with interest frozen until I return to full time work after my maternity leave. ""

I suppose it was worth a try - did she really think her creditors would agree to this? And she's 36 - stupid woman. I could teach her a thing or two!!

xx

Dr.Shoe_2

I'll bet she's hoping some benevolent billionaire will help her out. She needs to look at CCCS!

ZTD

Pobby wrote:

House prices,imho are unsustainable.Inflation,although we are told it is low,is possibly a lot higher than we are lead to believe.

Well here is an exercise for you - or indeed anyone - to determine if this is the case or not. Download the yearly RPI (the index, not the percentage changes) from the Govs statistics website. Download M0 from BoE website. Plot one against the other, but use the years as the point labels, so you know which year corresponds to which point. Put a linear trendline in, with formula and correlation.

What do you notice?

On a seperate graph, plot the same graph from the earliest year, to 1992. Put a linear trendline in, with formula and correlation.

Is the correlation satisfactory?

On the same graph, plot the same dataset from 1992 to the present day. Put a linear trendline in, with formula and correlation, so you have a graph line like the first graph, but with two seperate trend lines.

Given the formula on the first trendline, you can calculate the RPI for any given M0. Try it for now, and the difference between the published RPI.

For a bonus point, what happened in 1992?

Pobby wrote:

Rising unemployment will stop many from being able to repay mortgages and loans.There is global pressure to raise interest which will compound problems further.

When a bust comes, interest rates will be dropped again. I'm making no claims on whether that will work.

Pobby wrote:

Sorry to sound like doom and gloom but history has proved there are economic cycles and markets that turn into bubbles.Why anyone should think``it`s different this time``is hiding their head in the sand.

Another candidate for the "Grim Reaper" smiley!

:santa2: <- perhaps we should hijak this and call it Anti-Santa who takes things away...