Originally posted by sasguru
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Problems with the economy are just starting ...
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“The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain” -
Originally posted by sasguru View PostAs the PIGS are in deep tulipe (unemployment in Spain is at depression levels - 20% and Greece is effectively bust), what will the Germans do as they move out of recession? Because a growing economy needs a different policy to one in the doldrums e.g. you cannot keep interest rates low.
Italy and the like used to devalue and inflate in past situations like this but cannot now - they have to make the hard decision to stick with austerity.
Its going to be interesting.
Meanwhile in the UK whatever government is elected in May will have to make swingeing cuts so expect unemployment (in the public sector) to be massively increased, house prices to fall drastically and the postponed recession to take hold.Comment
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Originally posted by rootsnall View Post... However in private various mates who work in the City/finance are saying sell sell sell. The people who created the financial mess are still in charge and still taking us all for a ride.Work in the public sector? Read the IR35 FAQ hereComment
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Originally posted by AtW View PostBut at least we can hope that you personally will do well in this crisis and will ride the wave to success in owning a few streets full of bedsits in London?Hard Brexit now!
#prayfornodealComment
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Originally posted by shaunbhoy View PostYes, and we can always rely upon you to be bearer of same!
Hard Brexit now!
#prayfornodealComment
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Originally posted by sasguru View PostIndeed. Opportunities to make money always exist - ain't capitalism great?Comment
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Originally posted by sasguru View PostWell in your simple and happy world I'm sure everything is just fine and dandy.“The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain”Comment
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Originally posted by shaunbhoy View PostMaybe not, but the last thing that is required is a gloomy harbinger of doom like you tediously repeating snippets that clearly pass so far over your head they cannot be glimpsed without binoculars. In short, if I want an informed opinion about the state of the economy I will ask an expert, and not put too much faith in someone of your limited ability to regurgitate what you have overheard whilst mopping the bogs.
Hard Brexit now!
#prayfornodealComment
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Originally posted by sasguru View PostI can just imagine Christmas in your family, all the rest of them fixed in a rictus grin, while they indulge simple Uncle SB in his verbal diarrhoea.
“The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain”Comment
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It seems this thread has turned into handbags at 20 paces, leave it SB 'es not worth it.Comment
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