Boris announcement on new deposit scheme?

noitsnotme

takanodia said:

Salemicus said:

takanodia said:

Salemicus said:

I'm not an expert. If you don't know your !!!!!! from your elbow, that doesn't mean I am a professor of medicine for telling them apart.

Rising unemployment over the next 12 months would be bad. But it would not be a depression. Do you even know what a depression is?

I said if unemployment keeps raising at the current rate it will lead to the Greatest Depression 

if you disagree please explain?

Ok, so you have no idea what a depression is.

For the record, if UK unemployment continues rising at its current rate, then in 12 months time there will be just over 2 million unemployed. The unemployment rate would be lower than in 2014. Were we in another great depression then? It would take another 4 years after that of continuing to increase at the current rate to hit the unemployment rate of 1984 - which was also not a great depression.

You can try to fudge the numbers if you like, lies damn lies and statistics!

In reality if the economy carries on in this direction at this speed with this many businesses going under and this many become unemployed every month, then there will be the greatest depression ever in less than 4 years.

The question is will the economy keep crashing at this speed or will the decline speed up?

The central planners are trying every trick in the book but we are now past the point of no return, they can create as many numbers into their bank accounts as they can, creating fiat currency out of thin air and adding it to the rapidly expanding currency supply will only speed up the decline.

You remind me of those people who stand around in high streets with the sandwich boards on their shoulders preaching “the end of the world is nigh”.  So desperate to get across your message of woe and sorrow with multiple accounts.  It’s almost cult like with you, like the scientologists who are desperate for everybody to believe in their take on religion.  It’s not healthy to live like that constantly.  You’re just going to end up screwing yourself up mentally.  

Why do you even feel the need to try and convert people on forums where the majority clearly disagree with you and the forum owners ban every account you create?  Why not focus your energy on the financial worries you always post about?  Surely that would be better for you and your family?

Getting_greyer

takanodia said:

Salemicus said:

takanodia said:

Salemicus said:

I'm not an expert. If you don't know your !!!!!! from your elbow, that doesn't mean I am a professor of medicine for telling them apart.

Rising unemployment over the next 12 months would be bad. But it would not be a depression. Do you even know what a depression is?

I said if unemployment keeps raising at the current rate it will lead to the Greatest Depression 

if you disagree please explain?

Ok, so you have no idea what a depression is.

For the record, if UK unemployment continues rising at its current rate, then in 12 months time there will be just over 2 million unemployed. The unemployment rate would be lower than in 2014. Were we in another great depression then? It would take another 4 years after that of continuing to increase at the current rate to hit the unemployment rate of 1984 - which was also not a great depression.

You can try to fudge the numbers if you like, lies damn lies and statistics!

In reality if the economy carries on in this direction at this speed with this many businesses going under and this many become unemployed every month, then there will be the greatest depression ever in less than 4 years.

The question is will the economy keep crashing at this speed or will the decline speed up?

The central planners are trying every trick in the book but we are now past the point of no return, they can create as many numbers into their bank accounts as they can, creating fiat currency out of thin air and adding it to the rapidly expanding currency supply will only speed up the decline.

https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/uklabourmarket/latest

hazyjo

noitsnotme said:

takanodia said:

Salemicus said:

takanodia said:

Salemicus said:

I'm not an expert. If you don't know your !!!!!! from your elbow, that doesn't mean I am a professor of medicine for telling them apart.

Rising unemployment over the next 12 months would be bad. But it would not be a depression. Do you even know what a depression is?

I said if unemployment keeps raising at the current rate it will lead to the Greatest Depression 

if you disagree please explain?

Ok, so you have no idea what a depression is.

For the record, if UK unemployment continues rising at its current rate, then in 12 months time there will be just over 2 million unemployed. The unemployment rate would be lower than in 2014. Were we in another great depression then? It would take another 4 years after that of continuing to increase at the current rate to hit the unemployment rate of 1984 - which was also not a great depression.

You can try to fudge the numbers if you like, lies damn lies and statistics!

In reality if the economy carries on in this direction at this speed with this many businesses going under and this many become unemployed every month, then there will be the greatest depression ever in less than 4 years.

The question is will the economy keep crashing at this speed or will the decline speed up?

The central planners are trying every trick in the book but we are now past the point of no return, they can create as many numbers into their bank accounts as they can, creating fiat currency out of thin air and adding it to the rapidly expanding currency supply will only speed up the decline.

You remind me of those people who stand around in high streets with the sandwich boards on their shoulders preaching “the end of the world is nigh”.  So desperate to get across your message of woe and sorrow with multiple accounts.  It’s almost cult like with you, like the scientologists who are desperate for everybody to believe in their take on religion.  It’s not healthy to live like that constantly.  You’re just going to end up screwing yourself up mentally.  

Why do you even feel the need to try and convert people on forums where the majority clearly disagree with you and the forum owners ban every account you create?  Why not focus your energy on the financial worries you always post about?  Surely that would be better for you and your family?

It's so strange isn't it. Are they that determined to say "told you so"? What on earth are they trying to prove? And who to? Themselves? Us? Society? I feel like we should all just agree to shut them up!

spoovy

I think they actually believe that they can trigger a house price crash just by confidently and repeatedly predicting it; kind of like a viral marketing campaign.

Crashy_Time

spoovy said:

I think they actually believe that they can trigger a house price crash just by confidently and repeatedly predicting it; kind of like a viral marketing campaign.

I know, it`s not as if anyone outside of a couple of property forums thinks there is a problem...... LOL.
https://www.telegraph.co.uk/property/uk/house-price-boom-could-derailed-perfect-storm-collapsed-sales/

takanodia

Yes these people seem to think they can prevent the new Great Depression 

Crashy_Time

You have to marvel at a thought process that tries to rationalise away the present economic problems as the work of internet "trolls" and "sock puppets", truly scary...LOL.

takanodia

Crashy_Time said:

You have to marvel at a thought process that tries to rationalise away the present economic problems as the work of internet "trolls" and "sock puppets", truly scary...LOL.

What economic problems Crashy? We are in a V shape recovery, if you can’t see it then you must be a shill, troll, sock puppet conspiracy theorist spammer!,,,,,,

the virus will be gone soon, all businesses will open back up and everyone will go back into work soon.

you are not looking at the world through rose tinted specs and it’s wrong to be realistic 

the truth is not welcomed here

Norman_Castle

Crashy_Time said:

You have to marvel at a thought process that tries to rationalise away the present economic problems as the work of internet "trolls" and "sock puppets", truly scary...LOL.

 Many of us marvel at a thought process that tries to rationalise away their past and present economic problems as the work of another generation, government interference and a host of other reasons although after 15+ years most have understandably got bored and wandered off 

Crashy_Time

Norman_Castle said:

Crashy_Time said:

You have to marvel at a thought process that tries to rationalise away the present economic problems as the work of internet "trolls" and "sock puppets", truly scary...LOL.

 Many of us marvel at a thought process that tries to rationalise away their past and present economic problems as the work of another generation, government interference and a host of other reasons although after 15+ years most have understandably got bored and wandered off 

On the other hand you never tire of trying to police any conversation that challenges the value of your favourite asset class? LOL.