How much longer will this bear market go on for?

Type_45

Millyonare said:

Type_45 said:

Capital fleeing the Chinese stock market inflating the Western markets?

Big money has been fleeing China for a year or two. The MSCI India Index is up +7% in the past year, for example. Whether it's cyclical or permanent remains to be seen.

The Chinese property market is 30% of China's entire economy and it's on the verge of collapse.

Annexing Taiwan would be a timely distraction.  And Russia has just announced that it supports such a  thing.

Serve_the_Servants

Millyonare said:

Type_45 said:

Millyonare said:

Steve182 said:

sevenhills said:

Millyonare said

UK economic stats look pretty good.

National UK state debt is just about the lowest in the entire G7 world group.

This was our debt compared to the G20 countries in 2021, things have got worse since then, UK debt GDP is now 99.6%

It would no doubt have grown higher than 100% if our new PM clown had got her own way. Interesting that the USA is so high.  

UK debt is the 2nd lowest in the whole G7 in 2021/22. Debt is forecasted to go even lower, to 71%, by 2027.

Truss's tax budget added a miniscule 1-3% extra to that state debt (perhaps less). It was totally affordable.

But that is not a narrative people want to hear.

Who to believe?

Never underestimate Britain's collective culture of self-loathing, defeatism, and self-inflicted decline. We as a country love the misery of predicting doom and failure. Even if the economy is the fastest-growing in the G7, among the lowest debt in the G7, near-zero unemployment, everyone who wants one has a job, rising wages and strong house prices, we cannot resist the absurd hysteria of "crisis" and alike. No other G7 country is raising major taxes post-pandemic. Many are cutting taxes. Most have more debt. The UK is desperate to tax and talk itself into a recession. We are a (very) bizarre country. It is unfathomable 

I’ll come along with a negative comment to prove your point. Unfortunately the UK is the only G7 economy which is smaller than before COVID. All other economies are bigger than they were. Brexit has flung us off the abyss and unless we undo that, we’re only going to sink further. But at least we’ll have our sovereignty whilst we drown, hey? I wonder if anyone has buyer’s remorse?Anyone got any proper ideas how we can turn back time and make the pound worth something again? Otherwise it’s only further down, down, down….

Serve_the_Servants

We have a long history of devaluing our currency!

Serve_the_Servants

UK money supply since 2010…

Millyonare

Serve_the_Servants said:

Millyonare said:

Type_45 said:

Millyonare said:

Steve182 said:

sevenhills said:

Millyonare said

UK economic stats look pretty good.

National UK state debt is just about the lowest in the entire G7 world group.

This was our debt compared to the G20 countries in 2021, things have got worse since then, UK debt GDP is now 99.6%

It would no doubt have grown higher than 100% if our new PM clown had got her own way. Interesting that the USA is so high.  

UK debt is the 2nd lowest in the whole G7 in 2021/22. Debt is forecasted to go even lower, to 71%, by 2027.

Truss's tax budget added a miniscule 1-3% extra to that state debt (perhaps less). It was totally affordable.

But that is not a narrative people want to hear.

Who to believe?

Never underestimate Britain's collective culture of self-loathing, defeatism, and self-inflicted decline. We as a country love the misery of predicting doom and failure. Even if the economy is the fastest-growing in the G7, among the lowest debt in the G7, near-zero unemployment, everyone who wants one has a job, rising wages and strong house prices, we cannot resist the absurd hysteria of "crisis" and alike. No other G7 country is raising major taxes post-pandemic. Many are cutting taxes. Most have more debt. The UK is desperate to tax and talk itself into a recession. We are a (very) bizarre country. It is unfathomable 

I’ll come along with a negative comment to prove your point. Unfortunately the UK is the only G7 economy which is smaller than before COVID. All other economies are bigger than they were. Brexit has flung us off the abyss and unless we undo that, we’re only going to sink further. But at least we’ll have our sovereignty whilst we drown, hey? I wonder if anyone has buyer’s remorse?Anyone got any proper ideas how we can turn back time and make the pound worth something again? Otherwise it’s only further down, down, down….

As before, the UK can't help but talk itself down.

UK GDP growth halved, after it joined the EEC / EU in the 1970s. The UK-Europe trade balance subsequently went haywire, as the UK lost out in trade deals. Joining Europe was an economic failure for the UK in the 1970s to 2010s. That is one reason why the biggest democratic vote in UK history in 2016 ended in the people fairly voting for sovereignty. To compare the half-century of EU fairly with Brexit, we need to give it at least 50 years until 2066. Basing it on ~6 years, half of them in Covid shutdown, is not credible.

Right now, the IMF says the UK is the fastest-growing G7 economy in 2022, with the 2nd lowest debt. That is good news.

Millyonare

Serve_the_Servants said:

We have a long history of devaluing our currency!

All currencies eventually trend to zero. That is nothing new.

Serve_the_Servants

Millyonare said:

Serve_the_Servants said:

We have a long history of devaluing our currency!

All currencies eventually trend to zero. That is nothing new.

So you’re okay with that then? 

Serve_the_Servants

Millyonare said:

Serve_the_Servants said:

Millyonare said:

Type_45 said:

Millyonare said:

Steve182 said:

sevenhills said:

Millyonare said

UK economic stats look pretty good.

National UK state debt is just about the lowest in the entire G7 world group.

This was our debt compared to the G20 countries in 2021, things have got worse since then, UK debt GDP is now 99.6%

It would no doubt have grown higher than 100% if our new PM clown had got her own way. Interesting that the USA is so high.  

UK debt is the 2nd lowest in the whole G7 in 2021/22. Debt is forecasted to go even lower, to 71%, by 2027.

Truss's tax budget added a miniscule 1-3% extra to that state debt (perhaps less). It was totally affordable.

But that is not a narrative people want to hear.

Who to believe?

Never underestimate Britain's collective culture of self-loathing, defeatism, and self-inflicted decline. We as a country love the misery of predicting doom and failure. Even if the economy is the fastest-growing in the G7, among the lowest debt in the G7, near-zero unemployment, everyone who wants one has a job, rising wages and strong house prices, we cannot resist the absurd hysteria of "crisis" and alike. No other G7 country is raising major taxes post-pandemic. Many are cutting taxes. Most have more debt. The UK is desperate to tax and talk itself into a recession. We are a (very) bizarre country. It is unfathomable 

I’ll come along with a negative comment to prove your point. Unfortunately the UK is the only G7 economy which is smaller than before COVID. All other economies are bigger than they were. Brexit has flung us off the abyss and unless we undo that, we’re only going to sink further. But at least we’ll have our sovereignty whilst we drown, hey? I wonder if anyone has buyer’s remorse?Anyone got any proper ideas how we can turn back time and make the pound worth something again? Otherwise it’s only further down, down, down….

As before, the UK can't help but talk itself down.

UK GDP growth halved, after it joined the EEC / EU in the 1970s. The UK-Europe trade balance subsequently went haywire, as the UK lost out in trade deals. Joining Europe was an economic failure for the UK in the 1970s to 2010s. That is one reason why the biggest democratic vote in UK history in 2016 ended in the people fairly voting for sovereignty. To compare the half-century of EU fairly with Brexit, we need to give it at least 50 years until 2066. Basing it on ~6 years, half of them in Covid shutdown, is not credible.

Right now, the IMF says the UK is the fastest-growing G7 economy in 2022, with the 2nd lowest debt. That is good news.

The same IMF we’re likely to be asking for a bailout in 15-20 years? 🤭

Type_45

Serve_the_Servants said:

We have a long history of devaluing our currency!

We must have left the EU in 1209.  You can also clearly see where Labour has been in power illustrated by the rises in the purchasing power of the GBP, only for the Tories to seize power and bring it back down again.

DannyCarey

US are telling their US citizens working in China on chip manufacturing to resign or lose their citizenship..