MrFlibble

I'm with S&P on this one. Without QE I very much doubt the growth figures would have become positive. You can probably also argue that it is mainly ZIRP driving consumer spending as the indebted have more money to throw around and the savers are fed-up with the low rates so are spending. With the lag seeming endless from cuts being announced to cuts actually happening the debt is still rising at the same pace as the deficit hasn't gone down. I for one have not seen any new wealth creating industries sprout up either, in fact the industrial estate I work on is turning into a ghost town. It feels like the UK is a snake eating its own tail and sooner or later there won't be anything left to eat.

Surely you jest, the next stop must be 12,000 as we blow past 11,000 in the blink of an eye? Seriously though, that graph looks very scary indeed.

Nice read, cheers. Cannot fault the analysis either

I keep wondering the same, with the deficit at £3bn a week there is obviously no urgency

Cannot remember where I read it but it was along the lines of... The market only has two memories, short and none.

+1 Very sad that we have become what we have!

I was under the impression is was all now contained

The young are now expected to becomes the growth slaves of the 21st century. They go to work, earn very little, pay for everything, but yet cannot afford the basics that the previous generation took for granted. Their role in the new world seems to be one where they bust their hump, get nothing in return other than beer money, all so the older generation can hang on to their ill gotten property gains. Savers are equally treated with the same disdain.

Since most of the Sheeple live hand to mouth then this fits perfectly.

So this is why we need house prices to go up two grand a month?

Nicely put

Sounds like something that would happen during boom times. What sort of house is it, no. bedrooms, ect?

The areas I watch are showing solid signs of real falls and this has been the case now for a number of months. The market is still infested with fantasy sellers asking 2007 prices but the ones who want/need to sell are reducing appropriately. Sadly (for them) some are simply following the market down by not reducing fast or large enough. Provided no more government meddling happens then it should be game on for the 'fear' stage.

This is like much of what we see today. Same money being recycled round and round. Sorry for the crude description here but it's like a dog being trapped in a room, forced to eat its own faeces to survive, each time around the loop the nutrition gets reduced , ultimately the dog staves and dies. The UK is that dog

Yeah but what's a few hundred when your house is printing £2k every month. Those were the days The trouble with this country is it's still partying like its 1999 and the party was granted an extension with QE and ZIRP. QE-II anyone? :angry:

Could they use the notes from monopoly sets instead? Or Maybe leaves?

A lot of people on here said that once they start they will be unable to stop. I for one hoped that a Tory government would put an end to this silliness, but with Merv 'Xerox' King hanging around in the copy room it is starting to look like we are screwed (again). How the hell can we have both austerity and printing at the same time? So we are supposed to be living within our means but at the same time creating fantasy growth with funny money? Me no understand

The only reason we left the recession was because they printed money. Even at that we struggled to get positive growth figures. So now they may justify more printing to stave off a double-dip. Priceless. Who appoints these fvcktards?

Surely we cannot print money with inflation or we risk becoming Zimbabwe? When the housing market starts heading back down again and we get deflation then I'm expecting the printing press to fire back up. I think we've got a clear run for the rest of this year, but come next year when the hpc is back firmly entrenched, the VAT increase is here and the job losses are starting to bite, then the UK should once again become a dogs dinner.

The whole housing belief system is going to take some changing in this country. Maybe the only way it will ever change is if people who believe in it lose many tens or even hundreds of thousands of pounds. I don't celebrate anyone loosing money (BTL'ers aside) but if this is the only way to get a sentiment change then so be it.

In the words of John Spartan from the Demotion Man film... Why don't you just shove a leash up my ass?!

Your best bet is probably to invest the lot in beans, a shotgun and plenty of cartridges. Now all the financial world has gone zombie it is only a matter of time before the people turn zombie too. Just remember to 'double tap' when they come for you

Totally agree. I was hoping they had the balls to call in the IMF for a full audit, then simply follow the advise of an independent and well respected agency whilst blaming the hardship on the previous lot. Sadly they seem to have gone it alone and come up with their own soft and fluffy measures. £6bn of initial cuts while we were still burning through £3bn is week still makes me chuckle. In the time they decided what to cut the money had already gone up in smoke.

All we need now is another round of house price falls and the country will be hollowed out

My nickname for Sterling has been Knockout for quite a while, the reason is simply, all it knows how to do is take a fall