We need to put things into perspective

moneyinmypocket

UK debt is v low to GDP, house prices are rising again, homeowners are out spending, spring is coming so my question to the naysayers why the longgggg face?

Generali

moneyinmypocket wrote: »

UK debt is v low to GDP, house prices are rising again, homeowners are out spending, spring is coming so my question to the naysayers why the longgggg face?

Are we playing jeopardy? Is the question, "What did the estate agent say to the horse?".

Speaking of which, British beef is improving. It used to have mad cow disease and now it's just a little horse.

John_Pierpoint

moneyinmypocket wrote: »

UK debt is v low to GDP, house prices are rising again, homeowners are out spending, spring is coming so my question to the naysayers why the longgggg face?

......but it is rising towards war time levels, the availability of raw materials per head (and food if we have another summer like last year) continues to decline.
The balance of payments is is in a mess, just about 50 percent of the GDP is already earmarked for government spending, some of it to pay interest on interest and the rest on largely non productive ventures (some education and health care excepted).

Tell me how we get out of this bind without accepting more large falls in "living standards".

GeorgeHowell

moneyinmypocket wrote: »

UK debt is v low to GDP, house prices are rising again, homeowners are out spending, spring is coming so my question to the naysayers why the longgggg face?

It is of course because they don't want to see a recovery in case it jeopardises the prospect of a Labour government in 2015.

If there is any recovery my prediction is that the left will change tack to concentrate on the perceived inequalities, such that the recovery is uneven and still allegedly leaving or plunging "the most vulnerable in our society" into hardship and "social exclusion" (ie they can't afford to convert their Sky subscription to HD).

Thrugelmir

GeorgeHowell wrote: »

If there is any recovery my prediction is that the left will change tack to concentrate on the perceived inequalities,

More difficult than that. As recovery alone is merely the baby steps in a long process.

MacMickster

moneyinmypocket wrote: »

UK debt is v low to GDP,

Whilst debt as a percentage of GDP has been much higher, that has been at a time when the UK was becoming ever more wealthy as a nation. The same can't be said now.

We are in the very early stages of what is likely to be a massive transfer of wealth from the west to the BRIC economies. Perpetual growth for the UK economy will be seen to be a fallacy, and we are going to be saddled with are long-term debt crisis that we will struggle to cope with.

When it becomes apparent that the UK economy is likely to flatline at best then we will find ourselves at the mercy of the bond markets. Sentiment towards the UK as a safe haven is already beginning to turn, and the outlook is likely to be turbulent.

PaulF81

Neeeeeigh!

http://www.bbc.co.uk/news/business-15820601