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UK economic recovery on the verge of collapse
worldtraveller
Posts: 14,013 Forumite
The prospect of Britain's economy moving decisively into recovery mode were dealt another blow yesterday, with two new reports highlighting mounting difficulties.
Markit, the analyst that compiles the closely watched monthly surveys of activity in the services, manufacturing and construction sectors, said its latest research suggested the UK economy was on target to record growth of just 0.3 per cent during the second quarter of the year, even more disappointing than the first quarter's 0.5 per cent.
The Independent
S**t! It's just a train!
Markit, the analyst that compiles the closely watched monthly surveys of activity in the services, manufacturing and construction sectors, said its latest research suggested the UK economy was on target to record growth of just 0.3 per cent during the second quarter of the year, even more disappointing than the first quarter's 0.5 per cent.
The Independent
S**t! It's just a train!
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
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That will be all those bank holidays
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
There are no easy answers but a land tax would solve many problems and be a big step in the right direction. Unfortunately it seems to be ruled out by all three main political parties, who only think as far as the next election.0
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Recovery?:rotfl:
Use your heads. Last year we had 'green shoots' Anyone remember that? every MSM site in both the UK and US were pushing the green shoots line. That was fine till Rubini descibed the green shoots as 'yellow weeds' and suddenly 'green shoots' disappeared. Then the MSM started pushing the 'jobless recovery' leading onto the 'recoveryless' recovery. Now we have hit a 'soft patch' a 'transitory' softening. Inflation is 'temporary' says Bernanke and King, this slight downturn is 'temporary', 'transitory'.
Believe that? believe boom times are ahead? believe all will be fine? believe house prices will rise? Wake up people. The last 20 years debt driven boom has ended and the bill is now due. Every matric screams collapse dead ahead. Jobs figures, GDP figures, consumer confidence, mortgage approvals, (on both sides of the Atlantic) and that even before any 'tightening' has occured.
I remember 6 months ago posting a thread 'Time to go long crude oil?' when it was at $80 and another in Jan saying it was time to go long silver at $26 and time to go long gold at $1312 (sure Hamish remembers) I dodged the silver takedown last month by reading smarter people than me and the smart people are issuing new warnings. Collapse, either inflationary or deflationary is now dead ahead. Watch the FED QE meeting June 29 watch the US debt ceiling deadlline Aug 2. I'm out of the market, the metals, everything. Times are dangerous. A 2008 repeat is now a real possibility.
Time to go short the FTSE/S&P/gold/silver? maybe. Time to get out of all markets and go to cash? Definately,at least till the FED signals it's next intentions. No more QE and everything crashes. more QE and everything surges. Pay yer money take yer chance.
http://theeconomiccollapseblog.com/archives/suddenly-everyone-is-warning-about-the-next-financial-collapseHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Time to go short the FTSE/S&P/gold/silver? maybe. Time to get out of all markets and go to cash? Definately,at least till the FED signals it's next intentions. No more QE and everything crashes. more QE and everything surges. Pay yer money take yer chance.
What's your advice to the poor souls on the Savings & Investment board who have exchanged all their fiat money for bars of physical silver (plus VAT)?0 -
The prospect of Britain's economy moving decisively into recovery mode were dealt another blow yesterday, with two new reports highlighting mounting difficulties.
Why did anyone think that it would easy to turnaround the UK economy. There'll be plenty of ups and downs along the way.0 -
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the ride on this baby isn't finished yet.Thrugelmir wrote: »Why did anyone think that it would easy to turnaround the UK economy. There'll be plenty of ups and downs along the way.
i love the way that people get excited posting pictures of dark tunnels and oncoming trains when an economy is trying to resolve the economic issues from the worst economic crisis since the 2nd World War.worldtraveller wrote: »
S**t! It's just a train!0 -
Recovery?:rotfl:
Use your heads. Last year we had 'green shoots' Anyone remember that? every MSM site in both the UK and US were pushing the green shoots line. That was fine till Rubini descibed the green shoots as 'yellow weeds' and suddenly 'green shoots' disappeared. Then the MSM started pushing the 'jobless recovery' leading onto the 'recoveryless' recovery. Now we have hit a 'soft patch' a 'transitory' softening. Inflation is 'temporary' says Bernanke and King, this slight downturn is 'temporary', 'transitory'.
Believe that? believe boom times are ahead? believe all will be fine? believe house prices will rise? Wake up people. The last 20 years debt driven boom has ended and the bill is now due.
I agree with all of this.
Of course, should "the bill" payment be postponed (again), then there will no doubt be those who claim that they were right, and everything is OK (again).30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Recovery?:rotfl:
Use your heads. Last year we had 'green shoots' Anyone remember that? every MSM site in both the UK and US were pushing the green shoots line. That was fine till Rubini descibed the green shoots as 'yellow weeds' and suddenly 'green shoots' disappeared. Then the MSM started pushing the 'jobless recovery' leading onto the 'recoveryless' recovery. Now we have hit a 'soft patch' a 'transitory' softening. Inflation is 'temporary' says Bernanke and King, this slight downturn is 'temporary', 'transitory'.
Believe that? believe boom times are ahead? believe all will be fine? believe house prices will rise? Wake up people. The last 20 years debt driven boom has ended and the bill is now due. Every matric screams collapse dead ahead. Jobs figures, GDP figures, consumer confidence, mortgage approvals, (on both sides of the Atlantic) and that even before any 'tightening' has occured.
I remember 6 months ago posting a thread 'Time to go long crude oil?' when it was at $80 and another in Jan saying it was time to go long silver at $26 and time to go long gold at $1312 (sure Hamish remembers) I dodged the silver takedown last month by reading smarter people than me and the smart people are issuing new warnings. Collapse, either inflationary or deflationary is now dead ahead. Watch the FED QE meeting June 29 watch the US debt ceiling deadlline Aug 2. I'm out of the market, the metals, everything. Times are dangerous. A 2008 repeat is now a real possibility.
Time to go short the FTSE/S&P/gold/silver? maybe. Time to get out of all markets and go to cash? Definately,at least till the FED signals it's next intentions. No more QE and everything crashes. more QE and everything surges. Pay yer money take yer chance.
http://theeconomiccollapseblog.com/archives/suddenly-everyone-is-warning-about-the-next-financial-collapse
Interesting to see how much gold went up since you said that 2 months ago.
Also interesting to see Smeagold back exactly 40 years to the day that the present new world monetary system was started.
Well worth watching from 40 yrs ago.
http://www.youtube.com/watch?v=kqZJ3D9T8Ew&feature=related0 -
What baffled me was that anyone could seriously expect sustainded growth based on more of the old economic model i.e. borrowing to buy foreign built houses (thanks to East Europeans), TVs and carpets. Susustainable economic recovery will come from hard work and:
- Teachers turning out students that can read and write
- Universities turning out graduates with useful degrees
- Big companies taking the trouble to civilise and train local recruits
- Financial services not nabbing the brightest and best to churn and waste other people's money
- Investment going into science and technology
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