RBS brace for a “cataclysmic year”

Generali

padington wrote: »

http://www.bbc.co.uk/news/business-32824770

Looking at the OECD only is a rather narrow way to look at things. If you look at the world as a whole, the MDG has managed to lift hundreds of millions out of absolute poverty in a sustainable way and is make huge strides towards lifting many more out.

There is a really good news story out there in the developing world which isn't being communicated, probably because charities working in the developed world fear that their income stops if poverty ends.

It is impossible to eradicate relative poverty as some people will always be richer than others. It is possible, and a moral necessity, to work towards removing absolute poverty from the world and over the last 25 years we have done fantastic work to start doing just that.

http://www.un.org/millenniumgoals/poverty.shtml

• The target of reducing extreme poverty rates by half was met five years ahead of the 2015 deadline.
• More than 1 billion people have been lifted out of extreme poverty since 1990.
• In 1990, nearly half of the population in the developing regions lived on less than $1.25 a day. This rate dropped to 14 per cent in 2015.
• At the global level more than 800 million people are still living in extreme poverty.

What has been done is quite extraordinary really. It is a shame that it gets glossed over in favour of moaning about a few very rich people.

luvpump

mayonnaise wrote: »

Yes, if it's on the popular Zerohedge then it must be true.

There have always been doomsters, but the voice seems to be getting just a little bit louder . Hence the numerous articles linked to on this thread, as i have said befor, no one really knows, just as next to no one predicted the oil price crash or the Shcomp crash.

http://www.theguardian.com/business/2016/jan/24/stock-markets-world-financial-crisis-oil-china

Thrugelmir

CLAPTON wrote: »

give me strength

Speechless for once. That must a first. :rotfl:

padington

CLAPTON wrote: »

whatever does this rubbush mean ?
as ordinary people have got rich and become liberated, the left has nothing to say, so this lot of rubbish emerges

Its pretty clear, dont think it needs much more explaining.

luvpump

The Ftse peaked at 7103 last April , it is now down 22% from that high, if that had taken place over a month or a week that would have been a crash by any standards .

Malthusian

Were you at LiveAid in 1985? Awareness of the plight of many. 30 years on and the world is just as selfish. Me first is more prevalent now than it was back then. Inequality has grown.

Yep. The rich get richer, the very rich get very richer, the well off get more well off, the working classes get slightly better off. The underclass stay where they are, as they always have done. Therefore inequality always rises as prosperity increases. Imagine drawing lines on a young tree, if you come back in ten years' time you will find the lines are further apart, but all of them are higher off the ground. Other than the roots.

The larger gaps are only a problem if you are crippled with envy and obsessed by the wealth of others.

luvpump

http://www.telegraph.co.uk/finance/economics/12138466/when-is-the-next-financial-crash-coming-oil-prices-markets-recession.html#disqus_thread

luvpump

Was looking at all the predictions for 2008 from the BOE & other banks today, in hindsight it is almost funny, % rate's were set to rise to 5.5 or in 2008-9, GDP was up slightly , & then Lehman bro's & the rest is History as they say ..
How many just over a yr ago would have predicted Oil down 70% ?? How many predicted the SHCOMP losing circa 30% ? very few if any.. in short NO ONE knows, but the bearish sounds seem to be getting louder about 2016 .. Time will tell .

Thrugelmir

luvpump wrote: »

Was looking at all the predictions for 2008 from the BOE & other banks today, in hindsight it is almost funny, % rate's were set to rise to 5.5 or in 2008-9, GDP was up slightly , & then Lehman bro's & the rest is History as they say ..
How many just over a yr ago would have predicted Oil down 70% ?? How many predicted the SHCOMP losing circa 30% ? very few if any.. in short NO ONE knows, but the bearish sounds seem to be getting louder about 2016 .. Time will tell .

Easter Monday 1986 oil hit less than $10 a barrel. Took twenty years to recover. All so familiar.

Generali

Thrugelmir wrote: »

Easter Monday 1986 oil hit less than $10 a barrel. Took twenty years to recover. All so familiar.

The big difference between 1986 and today is that in 1986 the US Dollar was falling whereas now it's rising in value.

As a result, the fall in the oil price in not-US Dollars is not as great.