Jump to content
House Price Crash Forum
Sign in to follow this  
Moo

Biggest Household Spending Drop Since 1980

Recommended Posts

QE and derisory interest rates kicking in.

Policy is to shaft those who didn't participate in the bubble. They make (made) a significant proportion of the consumption market therefore their consumption is now being heavily drawn in out of necessity.

Spread the muck widely enough and before long everything smells of poo.

Share this post


Link to post
Share on other sites

There is going to be no recovereh.

Any chance of that over the next few years has been buried under the same pile of trash that got the economy into the situation in the first place. Unemployment accelerates from here.

Take construction and building materials. Artificially levitation the cost of housing means almost no one is will to buy into the back end of this ponzi scheme. Land - outrageously overpriced and simply not worth it to build. Crippling the whole sector and all the sectors that rely on it.

Madness.

Edited by OnlyMe

Share this post


Link to post
Share on other sites
There is going to be no recovereh.

Any chance of that over the next few years has been buried under the same pile of trash that got the economy into the situation in the first place. Unemployment accelerates from here.

Take construction and building materials. Artificially levitation the cost of housing means almost no one is will to buy into the back end of this ponzi scheme. Land - outrageously overpriced and simply not worth it to build. Crippling the whole sector and all the sectors that rely on it.

Madness.

You will respect the trolls recovereh! :lol:

Share this post


Link to post
Share on other sites
There is going to be no recovereh.

Any chance of that over the next few years has been buried under the same pile of trash that got the economy into the situation in the first place. Unemployment accelerates from here.

Take construction and building materials. Artificially levitation the cost of housing means almost no one is will to buy into the back end of this ponzi scheme. Land - outrageously overpriced and simply not worth it to build. Crippling the whole sector and all the sectors that rely on it.

Madness.

Re: Unemployment accelerates from here

Speak for yourself, I'm alright Jack.

Oh, hang on a minute...

Share this post


Link to post
Share on other sites
The only sector of the economy making a positive contribution to growth was government spending.

Clearly what we need is even more govt spending to make up for the collapse in the economy else where.

Good job we've got a man in charge who can deliver on that.

Share this post


Link to post
Share on other sites

whats the latest UK trade figures then? hows the monthly deficit faring?

i know the US trade deficit for April was the lowest result since 1997 , here in australia they have run up something like 8 successive trade surpluses.

Share this post


Link to post
Share on other sites
There is going to be no recovereh.

Any chance of that over the next few years has been buried under the same pile of trash that got the economy into the situation in the first place. Unemployment accelerates from here.

Take construction and building materials. Artificially levitation the cost of housing means almost no one is will to buy into the back end of this ponzi scheme. Land - outrageously overpriced and simply not worth it to build. Crippling the whole sector and all the sectors that rely on it.

Madness.

Theres only one way out of this which will protect the "debt rich". It involves a lot of paper and wheel barrows.

The innocent are going to be financially slaughtered to save them.

Share this post


Link to post
Share on other sites
Theres only one way out of this which will protect the "debt rich". It involves a lot of paper and wheel barrows.

The innocent are going to be financially slaughtered to save them.

That sucks. I don't have a house. I don't even have a wheel barrow :(

Share this post


Link to post
Share on other sites
Re: Unemployment accelerates from here

Speak for yourself, I'm alright Jack.

Oh, hang on a minute...

I'm already 'unemployed' so not really concerned

I think the plan is -

everyone either lives on benefits or works for the Government dishing out benefits

And both groups owe their living to 'The Great Leader'

All we need is for the State to swallow up what remains of the private sector and Nu Labour's mission is accomplished.

With the BOE now printing money and buying government debt we are well on our way to ZimbabUK.

Ain't Socialism wonderful

:blink:

Share this post


Link to post
Share on other sites
Ain't Socialism wonderful

Under socialism there would be no 'welfare' and you'd have a job.

Unfortunately it mightn't be the sort of job you'd want, and you've have to do it or starve, but still.

Something agricultural, get you out in the fresh air, that sort of thing.

What we are currently seeing is nothing to do with socialism at all. Socialists don't do light touch regulation of banks, liar loans and casino finance.

You can keep saying over and over and over again it is but you'll still be wrong.

Edited by Cogs

Share this post


Link to post
Share on other sites
Under socialism there would be no 'welfare' and you'd have a job.

Unfortunately it mightn't be the sort of job you'd want, and you've have to do it or starve, but still.

Something agricultural, get you out in the fresh air, that sort of thing.

What we are currently seeing is nothing to do with socialism at all. Socialists don't do light touch regulation of banks, liar loans and casino finance.

You can keep saying over and over and over again it is but you'll still be wrong.

People keep saying that Capitalism is dead

Well actually it is Socialism that is dead, because it is Capitalist profits that have allowed the construction of this vast, corrupt, morally bankrupt Socialist state that Nu Labour have spent the last 10 years building

Now Capitalism is having one of its periodic reverses, this bloated obscene monolith is going to either fall apart, or be dismantled piece by piece.

And I for one can't wait, because I want my children to live in a country where they can have a decent life and not have to slave away to pay for 'poor' peoples sky TV, drugs, fags and alcohol.

The system is both morally and economically bankrupt.

You must surely understand this, the evidence is all around you.

Share this post


Link to post
Share on other sites

But we are well placed to get into even more debt which makes economists salivate. We don't have a cat in hell's chance of paying back what we've already borrowed, but hey why let that get in the way of a broken paradigm.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   296 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.