interestrateripoff

In terms of the real world, the last real recession was in the early 90's. Unemployment has been masked by 18-21 paying over the odds for a degree, some of which are completely worthless. So we have a whole generation who've never experienced the economic pitfalls of mass unemployment. The economic shock is going to be huge. Although no where near as huge as when the economic wheels finally come off in China, they haven't experienced a recession since the late 70s, so you have several generations with no knowledge of how to cope. That will give the central committee something to think about. Still just create more debt and it will all be fine. Economics is easy!

https://www.ftadviser.com/your-industry/2020/09/17/boe-to-explore-negative-interest-rates/ Clearly not clueless....

We need debt to grow to keep the illusion of growth alive and pretend the debt can be paid back. If the US ran a budget surplus of a modest 100bn a year it would only take 200 years to pay off 20tr.

You mean they didn't save any profit for a rainy day???

https://www.dailymail.co.uk/news/article-8325417/Families-face-higher-council-tax-bills-worse-public-services.html Commercial property investments fund more of Spelthorne's annual spending than council tax does. In the last five years they have invested £1billion on offices and shops that usually bring in around £10million. That's a great rate of return. Money well spent!!!

Still bullish I want 20% off but would settle for 5 or 10....

Estate agents to the rescue. You can't visit your elderly parents but you can view a house. Phew. I'm off to book my viewing appointments...

So people have taken on a investment and are now finding this could lead to losses and bankruptcy. Do they think they are JP Morgan or Goldman Sachs with all losses underwritten by the Fed??? Investment is a risk you could get a profit or a loss. That's the whole point of capitalism.

https://www.dailymail.co.uk/news/article-8225021/Pressure-cafes-shops-reopen-government-expert-warns-mass-testing-come-first.html "One report today suggested coffee shops, restaurants and estate agents should be among the first to reopen, as they are the businesses that would boost the economy most and pose a relatively low risk of spread. " Estate agents to the rescue.... I'm sure everyone will be queuing round the block to make an appointment to view a property...

Love & Happiness (Yemaya Y Ochùn) (feat. IndiaTito & India)