Absolute Carnage on the FT-SE 100 expected later today.

Emy1501

Its about time governments round the world came to terms with the mess we are in and realise there is no miracle cure to fixing it. You can't have the biggest bust for 80 years followed by a recession which hardly anyone notices especially in this country.

I suspect over the next couple of years we will find out that we are in a no better position than we were in late 2008 when the problems started.

Time we accepted the pain in the short term for long term growth rather than this limp along in a mess for ever.

MRSTITTLEMOUSE

Emy1501 wrote: »

Its about time governments round the world came to terms with the mess we are in and realise there is no miracle cure to fixing it. You can't have the biggest bust for 80 years followed by a recession which hardly anyone notices especially in this country.

I suspect over the next couple of years we will find out that we are in a no better position than we were in late 2008 when the problems started.

Time we accepted the pain in the short term for long term growth rather than this limp along in a mess for ever.

Totally agree with everything you say.
Regardless though it's pointless worrying.life's too short.

JasonLVC

Doctor_Gloom wrote: »

On a scale of 1 to 10 just how worried is everyone about:

1. plummeting stockmarkets around around the globe that decimate the value of our pension funds and savings
2. the intense rumblings of hyperinflation
3. artificially low interest rates which will have to go up soon and at which at their present level still fail to promote a sustainable economic recovery.
4. an increasingly worthless Sterling currency which is nothing better than monopoly money.
5. colossal job losses, savage spending cuts and massive tax hikes.

I'm certainly worried. It seems that the alleged recovery has been one big fake.

1. Pensions funds not as decimated as they were after Gordon Brown took many billions from them when he was Chancellor. A drop in share prices is usually short-term, Brown's legislation is permanent.

2. 'Rumblings' either from a scandal obsessed media or from speculators who are trying to panic the markets.

3. Artificial in what sense? IR is one tool to control an economy.

4. Sterling was at parity with the Euro last year but is now close to where it was before the crash (1.16-1.20 in last two weeks). Is Sterling 'worthless' or are the other currencies over valued?

5. Job losses and savage cuts are the only answer to the gigantic debt the last government has left the country in. We could of course, try the Greek approach and pretend nothing's happening until the IMF take over.

Asheron

Double Dipper is coming and I'm so excited

HAMISH_MCTAVISH

Asheron wrote: »

I'm so excited

Harry_Powell

Doctor_Gloom wrote: »

On a scale of 1 to 10 just how worried is everyone about:

1. plummeting stockmarkets around around the globe that decimate the value of our pension funds and savings
2. the intense rumblings of hyperinflation
3. artificially low interest rates which will have to go up soon and at which at their present level still fail to promote a sustainable economic recovery.
4. an increasingly worthless Sterling currency which is nothing better than monopoly money.
5. colossal job losses, savage spending cuts and massive tax hikes.

1. Not worried as low stockmarkets are the best time to buy shares. Those of us with 5 years and more to retire will make a killing. Those who have less than 5 years to retire should not be in equities anyway!

2. Hyper inflation is a load of twaddle, but inflation is good for those people who have large mortgage (most of us) as it will help to inflate away our debts.

3. This is a brilliant thing, totally helps us home owners pay off our mortgage. Low interest rates combined with high inflation is a god send to home owners.

4. I have no plans to travel abroad over the next 3 or more years as I have just bought a house and I'm settling into my new finances.

5. My job is pretty secure, so is my GF's and many private sector companies have already pared down to the bone and are now looking at growth. The private sectore will just receive what we went through in 2007/2008. It's bloated and why should it be excluded from the pain? Quite happy to see the state trimmed down TBH. The tax hikes don't worry me too much as I have a decent surplus each month, it just means a bit less to overpay my mortgage with or to invest in my pension with.

HAMISH_MCTAVISH

Numpty_Monkey wrote: »

dnpuckitt is a spammer:spam:
Reported to abuse

This whole thread is........

lostinrates

Doctor_Gloom wrote: »

Good luck everyone, we're all in this together,

That's at least a nice sentiment. Good luck to you too, whatever happens.

drc

I am a little bit worried but what will be will be. I also think that volatile times like this often end up producing a better outcome in the long run.

Emy1501

MRSTITTLEMOUSE wrote: »

Totally agree with everything you say.
Regardless though it's pointless worrying.life's too short.

I agree it not something that keeps me up all night and life will carry on what ever happens.

For me though I just wish the governments around the world would accept the mess and the pain needed to sort it out and then people could get on with their lives.