Boomtime: Britain bounces back....

nickj_2

if the news is to believed as good and the increase in growth and the fell good factor is built on solid foundations and not more unsustainable borrowed cash then it is indeed great , however it wasn't that long ago that public borrowing hit the £1trillion mark just before the credit crunch , since then inflation has been on the up , pay rises have been stagnant or non existent, more and more people are on low wages being propped up by the govt , so if the foundations are built on sand then like the last time and the time before it will all end in tears
once people like hamish start having multiple orgasms about their house value going up by £2k a day etc ..... we've seen it all before , has anything really changed or have we just put a band aisd over a severed limb and hope for the best

Road_Hog

gazter wrote: »

It's like watching a man sinking in quicksand trying to drag all he can.

When you typed what you typed did you feel your credibility dribble away with each key tap?

Obviously you don't read the financial blogs and don't have a real grasp on the economic and demographic situation. You probably believ everything that the legacy media tell you.

You probably didn't see 2008 coming and can't understand why, when we're in so much debt and borrowing way over our heads, why it isn't going to cause a teeny problem.

I bet you enjoy X-Factor, Strictly, BB and I'm a non celebrity keep me in here.

Which part of the equation do you not understand, that we're (Britain) broke, we're borrowing on credit cards (anaolgy), we can't afford our pension deficeit and that the public is suffering massive wage deflation, do you not understand?

We're supposedly importing young immigrants to pay for pensioners, which is just some giant Ponzi scheme, because all those imigrants are going to be pensioners one day. How many people can we take before it all collapses?

Step away from the KoolAid and smell the coffee.

gazter

Road_Hog wrote: »

Obviously you don't read the financial blogs and don't have a real grasp on the economic and demographic situation. You probably believ everything that the legacy media tell you.

You probably didn't see 2008 coming and can't understand why, when we're in so much debt and borrowing way over our heads, why it isn't going to cause a teeny problem.

I bet you enjoy X-Factor, Strictly, BB and I'm a non celebrity keep me in here.

Which part of the equation do you not understand, that we're (Britain) broke, we're borrowing on credit cards (anaolgy), we can't afford our pension deficeit and that the public is suffering massive wage deflation, do you not understand?

We're supposedly importing young immigrants to pay for pensioners, which is just some giant Ponzi scheme, because all those imigrants are going to be pensioners one day. How many people can we take before it all collapses?

Step away from the KoolAid and smell the coffee.

But you said that despite all the clear evidence that unemployment is dropping like a stone and employment is rising, that the exact opposite was happening.

You then start some drivel about x-factor, the moon landings, and fluoridation of the water supply. All of which have nothing to do with the pretty clear fact that unemployment is dropping and employment is rising.

Slightly_Squiffy

gazter wrote: »

But you said that despite all the clear evidence that unemployment is dropping like a stone and employment is rising, that the exact opposite was happening.

You then start some drivel about x-factor, the moon landings, and fluoridation of the water supply. All of which have nothing to do with the pretty clear fact that unemployment is dropping and employment is rising.

But how many of the newly employed are actually in successful employment? And how many are on minimum hours contracts that mean they can only work for 4 hours a week, should their employer so decide? They're technically in employment but in reality, how long could someone in that position actually live on their 4 hours at £6.31 a week?

One thing that the immigration of Eastern Europeans is very bad for is household staff employment. Nannies and cleaners are facing seriously tough competition in London because there is always a Romanian or Polish girl who will do double the hours for half the pay. Because there is so little relief for parents paying child are costs, they will happily take the cheaper option. Those girls certainly do not pay tax or contribute to the UK economy (except marginally when buying the occasional new outfit or Starbucks).

Road_Hog

gazter wrote: »

But you said that despite all the clear evidence that unemployment is dropping like a stone and employment is rising, that the exact opposite was happening.

You then start some drivel about x-factor, the moon landings, and fluoridation of the water supply. All of which have nothing to do with the pretty clear fact that unemployment is dropping and employment is rising.

What are you on about, there is nothing in my post about Moon landing or water fluoridation.

Unemployment is not dropping like a stone, just season fluctuations.

It's been bouncing around the 7.7 to 7.8 for over a year and it is only back to its 2011 rate.

http://www.tradingeconomics.com/united-kingdom/unemployment-rate

Besides you are ignoring the other part of my arguement. people forced into underemployment, stuck in part time jobs or zero hour, stuck on government schemes to get them off of the figures and also wage deflation.

gazter

Road_Hog wrote: »

What are you on about, there is nothing in my post about Moon landing or water fluoridation.

Unemployment is not dropping like a stone, just season fluctuations.

It's been bouncing around the 7.7 to 7.8 for over a year and it is only back to its 2011 rate.

http://www.tradingeconomics.com/united-kingdom/unemployment-rate

Besides you are ignoring the other part of my arguement. people forced into underemployment, stuck in part time jobs or zero hour, stuck on government schemes to get them off of the figures and also wage deflation.

Three little words:
Osborne
Was
Right.

Conrad

Road_Hog wrote: »

Now,I'm not one of those negative envious people wanting to get on the housing ladder, I've made a lot of money from housing and being a landlord.

And here's the but, reading between the lines, we're going to have a mini boom in housing for the next 12 to 18 months.

And then it's all going to go Pete Tong. Economies are broke, still borrowing way beyond their means and we're going to have an economic collapse sometime between 2015 to 2020, that makes 2008 look like a fairy tale.

Too much borrowing, interest rates rising, bail ins, wage deflation, unemployment rising (in the UK we're going to have 500K Romanians and Bulgarians arrive shortly), underemployment continuing to be the norm and trans-national corporations all paying virtually no tax.

And we won't mention inflation which apparently is only risig slowly, except they don't seem to include food and energy prices in the equation. For your average Joe in the street, times ahead are going to be pretty tough and this could hit property prices in the medium term.

This is a complete misreading on so many levels.
We are entering a fantastic prosperity era built on a sound sustainable rebalanced foundation. Dozens of policies are bringing this about by I can't be bothered to keep listing them, you either get or you don't.

Road_Hog

Conrad wrote: »

This is a complete misreading on so many levels.
We are entering a fantastic prosperity era built on a sound sustainable rebalanced foundation. Dozens of policies are bringing this about by I can't be bothered to keep listing them, you either get or you don't.

You sound like a politician spouting b.ollocks.

Like Gordon Brown, when he said no more boom or bust, before he bankrupted the country. Or Gideon who said he would get spending under control.

SteveV2

The only thing holding it back is a huge wait on building materials.

juxtaposed_2

#6.......Spot on Road Hog!