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)

Masters At Work feat India - When You Touch Me

Masters At Work - Backfired (Joey Negro Club Mix)

Perhaps the plan is to go with the original plan of just let it rip through the population and hope there is herd immunity for it. The only issue is that there doesn't appear to be any data if you get it once and are immune, if you aren't is the 2nd time you get infected going to be worse than the 1st? Although having read about ventilators they don't appear too good for you.

https://www.biorxiv.org/content/10.1101/2020.04.09.034942v1.full.pdf Not a peer reviewed paper but: Monitoring the mutation dynamics of SARS-CoV-2 is critical for the development of effective approaches to contain the 21 pathogen. By analyzing 106 SARS-CoV-2 and 39 SARS genome sequences, we provided direct genetic evidence that 22 SARS-CoV-2 has a much lower mutation rate than SARS. Minimum Evolution phylogeny analysis revealed the putative original status of SARS-CoV-2 and the early-stage spread history. The discrepant phylogenies for the spike protein and it receptor binding domain proved a previously reported structural rearrangement prior to the emergence of SARS-CoV-2. Despite that, we found the spike glycoprotein of SARS-CoV-2 is particularly more conserved, we identified a mutation that leads to weaker receptor binding capability, which concerns a SARS-CoV-2 sample collected on 27th January 2020 from India. This represents the first report of a significant SARS-CoV-2 mutant, and raises the alarm that the ongoing vaccine Development may become futile in future epidemic if more mutations were identified.

If you cut budgets get cut other income streams will be looked at. This idea will appear brilliant to people with little idea of risk and the term investment. Investments can go down as well up.

An 8m profit for retail land that was too expensive to develop. Yep needs investigating.

A dump you say.... https://www.liverpoolecho.co.uk/news/liverpool-news/how-knowsley-councils-ambitious-plan-17436765 Tesco got paid 36m for it in 2015 and then the developer gets 44m in 2019 for it. Even though it didn't want to develop it due to costs and yet makes 8m for doing nothing. Even dumps go up in value.... everyone is a winner...

https://www.dailymail.co.uk/news/article-8218341/Chancellor-Rishi-Sunak-warns-tough-times-come-amid-looming-recession.html And today it becomes the worst collapse in 300 years.

https://www.dailymail.co.uk/news/article-8218417/IMF-says-UK-faces-6-5-cent-hit-GDP-year.html IMF worse recession in 90 years.

https://www.bbc.co.uk/news/uk-england-merseyside-50510125 The council will fund the development by borrowing the initial sum from the Public Works Loans Board and then repaying the cash from rental income and the eventual sale of some of the land. Council leader Graham Morgan said: "We are now in a position to be able to bring forward the retail development which our residents need, and which we promised. Sounds a bargain for 43m