- posted
14 years ago
Recession "over"
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- posted
14 years ago
That means that things didn't get any worse in the last three months, not that things are back where they were before the recession started.
It probably is right. It just doesn't mean what people think it means.
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- posted
14 years ago
You'd better believe it... after all, we're about to start paying for it in higher taxes and a devalued currency for the next 30 years. Enjoy your purchase UK. Just remember, no refunds and only a three month warranty. :-)
Andrew McP... suffering buyer's remorse
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- posted
14 years ago
recovery != more taxes
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14 years ago
In message , Mark writes
The last 18 months or so have been an economic bloodbath with billions wiped off the values of global markets and more recently the government has pumped money into the financial system to try and kick-start growth. Ultimately not only do we have to pay it back through taxes it will result in inflation as vast increases in money supply, especially money that we don't have always does. In fact the most likely scenario is hyperinflation as a result of quantitative easing.
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14 years ago
Indeed, what people don't realise that it means that our Beloved Leader, Gordon Brown has singlehandedly saved the world, paving the way for eternal prosperity and 10,000 more years of Labour government.
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14 years ago
In message , S writes
Should take us right up to the next ice age, or the solar meltdown, whichever you prefer.
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- posted
14 years ago
My take on it is that we've followed the Japs by bailing out zombie banks and other companies (the carmakers for one). Likely we've twenty-five years of a zombie economy to follow, just like the Japs.
The next recession will start when the stimulus money runs out. The government won't have the cash or borrowing power left for more stimulus, so we'll get the crash we were due before they spent twenty years of future taxation to delay it.
All they'll have achieved is to delay the inevitable for a year, at the cost of twenty years of punitive taxation and lower government spending.
The problem never was the current bust. That's the cure. The porblem was the twenty-five year credit bubble. We need the bust to fix that and the government refused to let us have our medicine. Next stop: the emergency ward.
It'd be ironic if the end result was that the next downturn kicks off in January; Brown tries another bailout and then the IMF is called in as foreigners refuse to keep extending our loans.
Not an unlikely result in my view.
FoFP
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14 years ago
In message , M Holmes writes
Consider the size of the current economic and financial problems which are dismissed by Politicians as they talk of recovery and an end to the recession but then look at the monetary and fiscal stimulus that Governments and their Central Banks have been throwing at these problems. You could be right about the next recession seeing as we are mortgaged for the future but we should not ignore the possibility of hyperinflation coming soon. For the UK Sterling is loosing value, we have monetary expansion and a budget deficit to GDP it all looks inflationary to me and not much that can be done about it.
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- posted
14 years ago
Too large an output gap for inflation. Plus consumers are deleveraging and moving from spending beyond their means to real actual saving. Deflation will remain the likelier for the medium future.
FoFP
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- posted
14 years ago
I have to say that we are seeing a distinct increase in the lenders willing to lend to small businesses.
Take a look at
IT is a useful resource which allows businesses to access funders with an appetite to lend.
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- posted
14 years ago
In message , Ianster10 writes
You wouldn't possibly have some form of connection with them would you and be using this as an advertising opportunity? I only ask as you recommended them yesterday and now again today.