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plummet expert

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  1. An increase in personal credit at this juncture indicates a small lift in confidence that the so called recovery is here to stay. Unfortunately this will be proved wrong as markets are gradually heading towards a precipice. The balance of payments is showing the largest deficit since records began in 1955 ! This shows borrowing in the economy, whether govt or corporate or privat, as a whole, is woefully out of control.
  2. Smiley, The Structural deficit is still £97 billion pa, not £44 bn. Even £97 bn is a fiddled figure: The Govt is still quietly taking QE money in the form of APF which is interest on the debt the Bank of England bought back with the phoney money being QE. Last month the Govt received £4.1 bn of this imaginary money said to be PSB neutral - so invented on the bank of England computer and sent to the Treasury I assume. The amount of income tax taken in the last year increased by only £200 million, when employment grew by half a million people and the govt claims wages are rising faster than
  3. There are great similarities, except we now appear to be weaker coming out of the depression than in the 1930's. We may have avoided the very lowest point suffered in the 1930's but if that is because we have massively borrowed and printed to cause the feeble growth, then it will be worse from here. We have no credit left. The world begins to deflate. Our growth falls and borrowing rises even more significantly. This scenario lays bare the fact that our national debt cannot be serviced and bond sales dry up. We are not a manufacturing exporting nation in any sufficient way. We rely on pumping
  4. Why indeed? The national debt has reached £1,450 Billion. Ie £1.45 Trillion There is no respite. We are not growing enough to stop the debt piling up or pay one penny back. At only 2% the interest payment would be £70 bn per year. I earned about this on this site in 2010. The ring fencing of education and health was politically easier but actually long term foolish. It will all be worse for not dealing with it in 2010. We also pay £11.5 bn pa for overseas aid when we cannot afford it. It was £4 bn in 2010. We pay £8.6 bn to the Eu which is net of any receipts. A total waste. We cost industry
  5. You have missed the simple fact that the figure is the turnover increase by the presence of more persons. It has nothing to do with the possible costs of their being here. If the size of the cake did not increase as a result of their presence then it would inevitably mean the slice of the GDP cake per person (real GDP) WOULD SHRINK. In fact the recently published figures from the ONS have demonstrated that the real GDP of this country has actually shrunk in recent years. Obviously that varies from person to person. There is no way in the world that a huge influx of often unskilled migrants on
  6. LABOUR CANNOT POSSIBLY GET A MAJORITY. WITHOUT A GOOD NUMBER OF SCOTTISH MPS LABOUR HAVE ONLY ONCE POLLED ENOUGH TO WIN - THAT WAS THE ORIGINAL BLAIR LANDSLIDE OF 1997. THE ADVENT OF UKIP RAISES A REAL POSSIBILITY THAT LABOUR AND TORIES WILL LOSE SEATS TO TGEM - Why? BECAUSE ONCE PEOPLE SEE NO ONE WILL WIN, TGEY WILL CEASE TO VOTE TO 'KEEP OUT LABOUR" OR " KEEP OUT TGE TORIES". NO, THEY WILL VOTE IN WILDLY DIFFERENT WAYS - SNP & UKIP WILL GET A GOOD NUMBER EACH. MOST LIKELY OUTCONE IS TORY/UKIP PACT, WITH EU REFERENDUM.
  7. Well oddly enough they are wrong, not for pure economic reasons but because govt can arrange otherwise. When there were rent controls in Britain UP TIL THE 1970'S THERE WAS also alot more social housing and lower immigration. Rent controls never resulted in a discussion suggesting there was a shortage of housing! There were moans about standards of private rented housing, so what's changed!!!???? Waht we need is lower LAND prices and these should be controlled, not the cost of building. Specualtion on Land should be properly taxed and loans for homes should be properly controlled to match inc
  8. Of course the Govt should build sufficient social housng. we haven't doen that for decades now. We should all recognise that selling off council houses was ultinately a mistaken policy. It led to higher home prices; dissatisfaction that some people got free equity via a discount; and homes not being replaced so depleting social housing stock. Add to this the rediculous loose lending allowed by banks AND allowing foreign investors to buy and sell without tax, it has been recipe for mind blowing price hikes. UKIP will put its common sense hat on I think. They seem to have an interesting mixtur
  9. The EA's have no idea that the last bubble never properly burst due to govt measures. The new one is even worse and has a bit more to give, but it will burst with a bigger bang than should have happened through 2010-11. If Govt had properly dealt with this, base interest rates would long ago have been returned to about 4% and mortgage multiples could have been capped at 2.5 x income when homes came down in price anyway. Then we would be looking at growth in the productive sector and homes being bought because they are shelter and not just some speculative investment. Investment would have gone
  10. I think you mean a house worth £695k today was probably about £6k in 1964, not £30k. Some places have risen more than 65 x in the time period 1964 to today!
  11. The UKIP candidate highlights the problem exactly from the tory local councillor view. There are many people whio oppose further development as it may involve eating up green belt and consuming towns. There are far too many people on our tiny Island causing the pressure on housing. The number of homes with 6 persons or more is now soaring as families become extende and sharers increse rapidly. Sure, the number of houses being built is too low to release the pressure BUT, THEY ARE ALL TOO ***K*** EXPENSIVE FOR ANYONE NORMAL TO BUY. The 'help to buy' is just pushing up prices. The real culprit
  12. Carney and Osborne have no clue. They will allow pump priming and discuss itin clever terms until it goes wrong then they will discuss that in other clever terms. The could just listen......land costs too much and people are allowed to borrow too much to buy it so the price rises. Help to buy is helping 20% price increases arrive and then the wheels come off. It's that simple. Control it! I see some of you want to vote UKIP. I know we have all seen some news on candidates who have now been fired. I have begun to wonder why the news is so interested in UKIP candidates as opposed to the other
  13. That's right! Don't also forget the feeble Maudling boom of 1963 and the tories lost to Labour in 1964. The fact is many people know that rising home prices, that go far beyond wage increases lead to trouble. The current help to buy policy is sheer lunacy. Wages have barely picked up and some are still falling, yet houses are going up now, in some areas quite sharply. The British voter is less wedded to tory and Labour than for many generations. There is a shift taking place with UKIP causing it. True, you won't be seeing a UKIP Govt ANY TIME SOON, BUT YOU WILL SEE UKIP MP's. The intervening
  14. You've never had it so bad! Superlie has been in power for years, successfully pulling the wool over the eyes of many of the electorate. Let's lie about tuition fees; re-balancing the economy; reducing the deficit - now doubled. Let's lie about living standards; QE and its effect; 'we are all in it together' ; growth not related to property pump priming; exports falling; savings rates at a 40 yr low ; a balance of payments crisis, the worst in 25 yrs. Let's remember that between 1947 and 1974, the UK ran a trade surplus and since 1974 we have barely had a surplus. We now have phoney money cr
  15. Our prosperity has NOTHING to do with being a member of the EU. We may trade with them, but have no need to be ruled by them. The % of GDP exported TOthe EU by Norway and Switzerland both exceeds ours and they are NOT inthe EU and don't want to be. They retain their own currency. There is no wealth pot created by the EU - in fact it is a failing economic area. It has landed all southern Europe with being actually bust and youth unemployemnt as high as 63% in Greece.
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