benn Posted September 1, 2014 Share Posted September 1, 2014 Per the Telegraph - some very good comments. http://goo.gl/meEuJt Quote Link to comment Share on other sites More sharing options...
Giraffe Posted September 1, 2014 Share Posted September 1, 2014 It was a fake recovery anyway. None of the systemic problems have been addressed and everything looks set up for another major crisis, worse than 2007. There's some real nasty toppy extremes out there now in a number of asset classes and markets, and they have no tools left manage the oncoming calamity, so should be interesting to see what they do. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted September 1, 2014 Share Posted September 1, 2014 It was a fake recovery anyway. None of the systemic problems have been addressed and everything looks set up for another major crisis, worse than 2007. There's some real nasty toppy extremes out there now in a number of asset classes and markets, and they have no tools left manage the oncoming calamity, so should be interesting to see what they do. They have plenty of tools left. We still have banks that can be nationalised. The US haven't even started on this front yet, however Gordon has already made a start on this process. There's negative interest rates. Saver bail-ins. Wealth confiscation, margin calls on BTL with the banks becoming the largest BTL managers in the country. There are plenty of options yet in a vain attempt to keep the plates spinning and I have every faith these options will be taken rather than face reality. Quote Link to comment Share on other sites More sharing options...
Giraffe Posted September 1, 2014 Share Posted September 1, 2014 They have plenty of tools left. We still have banks that can be nationalised. The US haven't even started on this front yet, however Gordon has already made a start on this process. There's negative interest rates. Saver bail-ins. Wealth confiscation, margin calls on BTL with the banks becoming the largest BTL managers in the country. There are plenty of options yet in a vain attempt to keep the plates spinning and I have every faith these options will be taken rather than face reality. Each intervention from now will exacerbate the situation in a more immediate fashion in my opinion. Their response since 2007 has made the situation worse, it is just not apparent to all yet. As sure as night follows day this ponzi has to collapse. You just get the feeling they're omnipotent because it hasn't happened yet. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted September 1, 2014 Share Posted September 1, 2014 They have plenty of tools left. We still have banks that can be nationalised. The US haven't even started on this front yet, however Gordon has already made a start on this process. There's negative interest rates. Saver bail-ins. Wealth confiscation, margin calls on BTL with the banks becoming the largest BTL managers in the country. There are plenty of options yet in a vain attempt to keep the plates spinning and I have every faith these options will be taken rather than face reality. Red George will run the primary deficit back up >7% and borrow more until the GE. He'll put the blame on Russia, Europe, ISIS, sunspot activity etc. After that it's helicopters and wheelbarrows all the way. Quote Link to comment Share on other sites More sharing options...
onlyme2 Posted September 1, 2014 Share Posted September 1, 2014 They have plenty of tools left. We still have banks that can be nationalised. The US haven't even started on this front yet, however Gordon has already made a start on this process. The US have nationalised all the losses and left the banks the profits from that action, so in many ways much worse than nationalisation. Quote Link to comment Share on other sites More sharing options...
Giraffe Posted September 1, 2014 Share Posted September 1, 2014 Per the Telegraph - some very good comments. http://goo.gl/meEuJt one of those comments: "If what we had until now were the finest days, God help us." Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted September 1, 2014 Share Posted September 1, 2014 Red George will run the primary deficit back up >7% and borrow more until the GE. He'll put the blame on Russia, Europe, ISIS, sunspot activity etc. After that it's helicopters and wheelbarrows all the way. There is an awful lot of votes for The Idiot to attempt buy. Quote Link to comment Share on other sites More sharing options...
Maynardgravy Posted September 1, 2014 Share Posted September 1, 2014 Well, they manufactured GDP. Does that count? Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted September 1, 2014 Share Posted September 1, 2014 I think the BBC announced last week that they pushed for the FCA to do a PPI underpayments review so maybe some more cheques in time for Christmas? CPI is weak and trending lower, weak Eurozone ,supermarket price war looming and weak wage growth BOE seem relaxed. As above Osbourne will need to overshoot the public sector net debt forecasts for 14/15. They can always load the increased spending cuts into the future spending review period. Quote Link to comment Share on other sites More sharing options...
Maynardgravy Posted September 1, 2014 Share Posted September 1, 2014 I think the BBC announced last week that they pushed for the FCA to do a PPI underpayments review so maybe some more cheques in time for Christmas? CPI is weak and trending lower, weak Eurozone ,supermarket price war looming and weak wage growth BOE seem relaxed. As above Osbourne will need to overshoot the public sector net debt forecasts for 14/15. They can always load the increased spending cuts into the future spending review period. The whole mis-selling phenomenon really was a stroke of genius. Need more money sloshing around? Give a load back to the feckless. You hear them on the adverts - "We were able to go on a deserved holiday." No mention of paying down their own debts early. Quote Link to comment Share on other sites More sharing options...
Errol Posted September 1, 2014 Share Posted September 1, 2014 As I've said on other threads, Putin is clearly to blame: Putin blamed as UK factories suffer slowdown http://www.theguardian.com/business/blog/live/2014/sep/01/manufacturing-slowdown-china-ireland-france-germany-business-live Quote Link to comment Share on other sites More sharing options...
Corruption Posted September 1, 2014 Share Posted September 1, 2014 As I've said on other threads, Putin is clearly to blame: Putin blamed as UK factories suffer slowdown http://www.theguardian.com/business/blog/live/2014/sep/01/manufacturing-slowdown-china-ireland-france-germany-business-live If it wasnt for Putin we'd be selling tons of weapons to ISIS so they are correct its his fault. Quote Link to comment Share on other sites More sharing options...
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