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frugalboy

Lots Of Good Charts Here For You All To Get Worked Up About

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The most stark figures for me, given house prices are 200-300% up, overall GDP is up....nearly a whopping 30%...

GDP 1997 £995bn

GDP 2009 £1264bn

GOVT AS A % OF GDP 1997 38.2%

GOVT AS A % OF GDP 1997 47.6% (unofficial sources put this at 55% currently)

Despite all that debt, the private sector GDP has actually shrunk since liebour came to power. I guess we havent been borrowing to invest in improving productivity, afterall.

We're poorer than 13 years ago, just thanks to credit/debt, we dont know it yet.

Also, overall lending more than tripled, (probably quadrupled in 2007) yet business lending hasnt even doubled.

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Read somewhere last week that, according to some EU statistic, we are the nation with the wealthiest population but are among the poorest when it comes to disposable income. The reason given was that housing takes up more of our income than other countries. We are slaves to that which we worship.

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Read somewhere last week that, according to some EU statistic, we are the nation with the wealthiest population but are among the poorest when it comes to disposable income. The reason given was that housing takes up more of our income than other countries. We are slaves to that which we worship.

well, with asset values at their highest, clearly the balance sheet on personal wealth will be great.....until you look at the debt side.

Schroedingers fat cats the lot of us....amazingly wealthy yet at the same time, totally broke.

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The most stark figures for me, given house prices are 200-300% up, overall GDP is up....nearly a whopping 30%...

GDP 1997 £995bn

GDP 2009 £1264bn

but have you taken into account inflation in this figure?

over the 12 years compound inflation should be in the region of about 30%,so we haven't actually grown at all.

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Good post. Thanks.

Good but sad post......the thing that hit me most was the decline in social clubs, swimming pools, post offices and libraries and the increase in lap dancing clubs, and betting shops. :ph34r:

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I remember Max Keiser said to invest in, The Gulag fund - Casinos, CCTV, Private Security, Makers of tobacco, alcohol, fast food etc.

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Very interesting. 24% of births are to mothers from originally outside the UK! That's amazing. It was 19% even in 1997. Are British people just not having kids anymore?

both parents need to work to afford the mortgage now

the boomers have robbed themselves of grandchildren through their own greed

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both parents need to work to afford the mortgage now

the boomers have robbed themselves of grandchildren through their own greed

Who will pay for the boomers medical care and state pensions?

Oh sorry, we don't have a nursing home, we'll just have to push you into to pit.

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Who will pay for the boomers medical care and state pensions?

Oh sorry, we don't have a nursing home, we'll just have to push you into to pit.

What is the matter with those that have the money paying their own way?.....how can you expect the state to pay for anyone's top-up pension or long term medical bills whilst holding thousands of pounds of assets....you can't take it with you when you are dead. ;)

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but have you taken into account inflation in this figure?

over the 12 years compound inflation should be in the region of about 30%,so we haven't actually grown at all.

Described in the link as "real" figures so yes he has.

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but have you taken into account inflation in this figure?

over the 12 years compound inflation should be in the region of about 30%,so we haven't actually grown at all.

GDP is by definition 'real'. It is calculated by measuring the total amount of every product (manufactured and service provision) in the economy. The quantity of each product is then given a monetary value by using the average price of that product in a 'reference year'.

E.g. if in 1997, the UK produced 1 million tonnes of steel and in 2009 it produced 500,000 tonnes of steel - and in 1997 the price of steel was £5000 per tonne. Then the relative contributions to GDP would be £5bn in 1997 and £2.5bn in 2009. Note that the calculation does not need any 'artificial' inflation measure, nor does it need the price of steel in 2009.

This does make comparisons difficult - as you have to make sure they used the same reference. However, in this case, where 2 figures are compared, you should assume that they use the same method and the same 'real' currency unit.

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GDP is by definition 'real'. It is calculated by measuring the total amount of every product (manufactured and service provision) in the economy. The quantity of each product is then given a monetary value by using the average price of that product in a 'reference year'.

E.g. if in 1997, the UK produced 1 million tonnes of steel and in 2009 it produced 500,000 tonnes of steel - and in 1997 the price of steel was £5000 per tonne. Then the relative contributions to GDP would be £5bn in 1997 and £2.5bn in 2009. Note that the calculation does not need any 'artificial' inflation measure, nor does it need the price of steel in 2009.

This does make comparisons difficult - as you have to make sure they used the same reference. However, in this case, where 2 figures are compared, you should assume that they use the same method and the same 'real' currency unit.

Yes, GDP is always real. Only GDP growth is quoted in nominal and real (deflated by inflation).

So, 30% growth in GDP looks like mostly caused by inflation, so very few real progress as many have felt it/

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This part is annoying:

NHS

Total spend

1997: £44.5bn

2008: £110.5bn

Breakdown

Managers: Increase of 101%

Doctors: Increase 57%

Nurses: Increase 31%

Sounds like a terrible mis-allocation of resources to me.

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I remember Max Keiser said to invest in, The Gulag fund - Casinos, CCTV, Private Security, Makers of tobacco, alcohol, fast food etc.

I'm surprised some bright spark in the City hasn't come up with the idea of an unethical fund we can invest in.

Actually, I just found this:

http://www.marketocracy.com/cgi-bin/WebObjects/Portfolio.woa/ps/FundPublicPage/source=BkBjDhLjDlGpOaDgMaKiAbBi

Too bad it is only a virtual fund as it has outperformed the S&P 500 by a wide margin since 2001.

Check this from the fund description:

Invest in companies that engage in unethical, immoral business practices and/or manufacture, distribute and/or sell harmful products and/or services. Mainly looking at the fundamentals for our selections, but the momentum of a security will have an effect on my choices. I have companies that are involved in tobacco, prisons, weapons, chemicals, unfair labour practices, nuclear, animal testing, etc. Provided that the investment is unethical and (potentially)profitable, I'll invest.

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I'm surprised some bright spark in the City hasn't come up with the idea of an unethical fund we can invest in.

Actually, I just found this:

http://www.marketocracy.com/cgi-bin/WebObjects/Portfolio.woa/ps/FundPublicPage/source=BkBjDhLjDlGpOaDgMaKiAbBi

Too bad it is only a virtual fund as it has outperformed the S&P 500 by a wide margin since 2001.

Check this from the fund description:

I think you're onto something...will watch out for the marketing...

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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