Economic news brings fresh disaster to section of population!

PaulF81

We could freeze the state pension and cut spending on the NHS. would save a fortune too.

grizzly1911

PaulF81 wrote: »

We could freeze the state pension and cut spending on the NHS. would save a fortune too.

Yawn......

grizzly1911

BobQ wrote: »

Blue coloured spectacles........

HMV, Comet, Jessops, Honda.......

The policy is to starve the patient and see if it survives, reasons to be cheerful are not that great.

Instead of sitting in a US hotel room watching the drivell that passes for news on whatever local TV you were watching, you should have asked the US citizens about how cheerful they are.

Although they do have the benefit of a Government spending on infrastructure, they are still in a mess almost as bad as us.

I think it is more akin to tell them it is true lots of times and they might believe it school of economics.

If things are going so well over there why have they got perma QE I wonder ? No doubt it will be arriving on our shores soon with Carneys arrival.


QE's failure to power recovery is clear, but the US and UK remain wedded to the policy to stifle debate about fiscal policy

Last autumn the chairman of the US Federal Reserve, Ben Bernanke, ended months of speculation about whether there would be another round of quantitative easing – the policy of buying up securities from banks so that more money is injected into the financial system. The idea has been that this will get them lending more and powering a recovery. Since the first two rounds had patently failed to generate recovery, he now announced a QE3 with a difference: not only did he announce QE3, its sheer scale and boundlessness made it a veritable QE infinity. The Fed would continue buying up mortgage-backed securities to the tune of $40bn a month until the labour market improved and would keep interest rates to their current near-zero levels until unemployment fell below 6.5%.

Moby

Devon_Sailor wrote: »

Yes folks, a gut wrenching tale of doom and despair. A well respected international body, with zero axe to grind with/in the UK has potentially broken the hearts of those die hard NuLabour apostles contributing to this board:

http://www.telegraph.co.uk/finance/economics/9801175/UK-recovery-on-track-OECD-data-show.html

It is with heavy heart that it now appears likely that the UK is actually growing after all, much to the despair of those who love to spread doom, gloom, pessimism and general anti-Government rhetoric, straight from the pages of the Labour spin sheet for the week.

Hey ho - im sure they all have their fingers crossed for a Quadrouple Dip recession, to make them really jolly happy chappies :T

For the rest of the world, it may just mean a very very tiny break from all these threads straight from the Mirror and Guardian dressed up as debate topics!

Regards,

D_S

A bit desperate to defend your privileged buddies;)...and a couple of months ago the same source was saying this:-

http://www.telegraph.co.uk/finance/economics/9705235/OECD-slashes-UK-growth-forecasts.html

Treadmill

The 'Paris based think tank' really should come to England, the fact that we are visibly on our a r s e speaks more than statistics, same old Torys.

Generali

Treadmill wrote: »

same old Torys....

...failing to fix the same old Labour mistakes.

It's like you're back to the 1970s: The Tories being apologists for Socialist crazies messing the country up with lunatic redistributionist politics.

Wilbur Wilberforce worked out in the late C18th that it is wrong to work off another person's forced labour. Somehow that idea has never filtered through to Socialist thought, such as it is.

BertieUK

Could these new figures showing that the economy is showing definate signs of improvement, as we all would like to see, that it is showing respect to the newly appointed BOE boss Mark Carney , in other words..

...A new broom sweeps well.....said when someone new takes control of an organization and makes many changes..

Hopefully it wont go the other way and get swept under the carpet.

Mr._Pricklepants

Devon_Sailor wrote: »

For example, locally, there was an ailing company that, in honesty, had been on its last legs before the recession. It finally went belly up, with the loss of 15 jobs. It headlined the news and took up the main 5 minute feature slot. Yet three new businesses opened on the same trading estate that month, with a combined total of 37 NEW jobs created. NOT A PEEP?!?!? :mad:

Similar to this forum then.

Honda cuts 800 jobs : Devon/short/foxy et al create several threads within nanoseconds.

Jaguar Land Rover creates 800 jobs : silence

John_Pierpoint

The logic of the cheap pound is that when we are all impoverished to Asian levels of income, we will be able to compete with them without working a 6 day week.
Yes I think you are probably right - but I don't think I will enjoy the experience.

GeorgeHowell

Devon_Sailor wrote: »

For the rest of the world, it may just mean a very very tiny break from all these threads straight from the Mirror and Guardian dressed up as debate topics!

D_S

Devon_Sailor wrote: »

Absolutely, no doubt about it. However, continually talking the economy down simply to achieve one's own political objectives is both childish and socially negligent.

D_S

Politicians do that because they know that enough of the electorate are ignorant and gullible enough for it to make a difference.

The WantItAllNowMum!! and MouthyButNoneTooBright dipsticks who post up chunks of left wing rags, mixed with their own often ageist invective, aren't even any good at such propaganda. They just look like sad misfits whose only bit of 'power and influence' in life comes from (wrongly) believing that they wind up and disconcert other people on an obscure internet forum.