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Debate House Prices
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Low rates are now endangering the economy
Comments
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OffGridLiving wrote: »Out of interest, how have you personally been affected by the recession?
Ended up working for the largest non profit organisation in the country . Makes a change from working for commercial organisations, driven purely by profit.0 -
Thrugelmir wrote: »Ended up working for the largest non profit organisation in the country . Makes a change from working for commercial organisations, driven purely by profit.
Sounds like you have benefitted from the recession.0 -
Thrugelmir wrote: »Ended up working for the largest non profit organisation in the country . Makes a change from working for commercial organisations, driven purely by profit.
did you take a substantial reduction in salary to work for them or was the decision driven by profit?EU tariff on agricultual product 12.2%
some dairy products 42.1% cloths 11.4%
EU Clinical Trials Directive stops medical advances0 -
did you take a substantial reduction in salary to work for them
That would explain the bitterness.or was the decision driven by profit?
I rather suspect the "decision" wasn't his.;)“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
did you take a substantial reduction in salary to work for them or was the decision driven by profit?
Technology has changed much in the time I've been at work. Correspondingly salaries are at a far lower level than say 20 years (inflation adjusted).
I prefer the challenge these days, as money isn't everything. Change of personal circumstances made me realise that.0 -
Thinking rates wont go back to normal until recovery is dangerous. what if there is no recovery but inflation gets out of control so rates have to go up.0
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Thinking rates wont go back to normal until recovery is dangerous. what if there is no recovery but inflation gets out of control so rates have to go up.
Well I guess we could all buy silver.....:rotfl:“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
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OffGridLiving wrote: »How would inflation get out of control if the economy hasn't recovered?
One scenario:
Confidence in the currency is shaken. Government finds that the rate it has to pay on loans increases. It increases the printing of money in order to cover repayments and other spending. The printing devalues the currency (increasing inflation).
There's a few others. Zimbabwe didn't end up with hyperinflation because the economy was booming
Having a signature removed for mentioning the removal of a previous signature. Blackwhite bellyfeel double plus good...0 -
One scenario:
Confidence in the currency is shaken. Government finds that the rate it has to pay on loans increases. It increases the printing of money in order to cover repayments and other spending. The printing devalues the currency (increasing inflation).
There's a few others. Zimbabwe didn't end up with hyperinflation because the economy was booming
Your scenario just opens up a further question. What would cause confidence in the currency to be shaken to such a degree that we have hyperinflation?
The Zimbabwe central bankers didn't wake up one morning and decide "I know, lets print a load of cash and destroy the economy". A whole scenario played out starting with the land-grab by Mugabe cronies, turning prosperous farms that exported food into desolate wasteland. You can't just jump into that scenario in the middle and then compare it to the UK and say "see, that proves my point".
To explain how the Zimbabwe hyper inflation occurred, you have to go to the root problem. To provide a scenario where the UK has hyper inflation you have to come up with a root cause. There has to be a reason why there was a crisis in the currency that caused money printing, that in turn caused inflation in a depressed economy. What was the reason?0
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