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UK retail sales fell 1.4% in May
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Looks like interest rates will stay low for a while.
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RenovationMan wrote: »Looks like interest rates will stay low for a while.
Every piece of news gets this same response!
Growth news = Great, better not increase rates, it'll stump the growth out.
No growth news = Boo, better not increase rates then.
We should be looking to set them lower than they are. Cut them by 50% I say.0 -
RenovationMan wrote: »Looks like interest rates will stay low for a while.
Dare I say they could actually be lowered.
That might help the market. However right now the really pressing problem is that the constant drip drip of these bad news stories is really slowing the market to a near standstill.0 -
What happened to Nationwide's "feelgood factor" ?30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0
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Losing_the_way wrote: »Dare I say they could actually be lowered.
That might help the market. However right now the really pressing problem is that the constant drip drip of these bad news stories is really slowing the market to a near standstill.
You'll probably find people realise this themselves that they have less money to spend without the news telling them that.
It's just a fact that the majority of people have less money now than they did a few years ago, therefore they have less to spend.
It's beginning to look like many of the expert think tanks were wrong with their growth figures although there were some all along that said the governments austerity measures were likely to push the country back into recession.
It's hanging very finely in the balance at the moment although more recent figures seem to indicate we are heading back into recession.0 -
shortchanged wrote: »You'll probably find people realise this themselves that they have less money to spend without the news telling them that.
It's just a fact that the majority of people have less money now than they did a few years ago, therefore they have less to spend.
It's beginning to look like many of the expert think tanks were wrong with their growth figures although there were some all along that said the governments austerity measures were likely to push the country back into recession.
It's hanging very finely in the balance at the moment although more recent figures seem to indicate we are heading back into recession.
Nothing to do with this governments austerity measures though.
They've u-turned on most of them afterall.
Plus, as Brown would say, it's a worldwide problem. EU and US appear to be in more trouble than us at the moment (though appearances can be deceptive!)0 -
Losing_the_way wrote: »That might help the market. However right now the really pressing problem is that the constant drip drip of these bad news stories is really slowing the market to a near standstill.
If the result is that imports reduce then its good news.
An economy not driven by consumer spending is good news as well.
The whole exercise of rebalancing was never going to be a quick easy task. Much actually depends on a cultural change of attitude.0 -
Graham_Devon wrote: »Nothing to do with this governments austerity measures though.
They've u-turned on most of them afterall.
Plus, as Brown would say, it's a worldwide problem. EU and US appear to be in more trouble than us at the moment (though appearances can be deceptive!)
I was thinking about this.
The big players in Europe such as Germany, France appear to be riding through this relatively well, albeit with loads of PIGS exposure.
What is happening in the smaller western European countries, Netherlands, Austria, Belgium, Lux, Scandinavians even the Estonians /Latvians?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »What is happening in the smaller western European countries, Netherlands, Austria, Belgium, Lux, Scandinavians even the Estonians /Latvians?
Both the Netherlands and Belgium export more than the UK in value terms. Which puts our much larger economy to shame.0
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