Originally posted by BlasterBates
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Austerity programme going well
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Originally posted by BrilloPad View PostIf this is party time - what is austerity going to be like?Comment
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Originally posted by TimberWolf View PostExactly, you can't hold back a recession with a printing press, except in Gordonomics no more boom and bust land. I wonder if it will get uglier than Greece here. We should have had this recession 10 years ago, or 2 years ago at least. We might have been lean and mean and recovered by now.Comment
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Originally posted by Bunk View PostDoes anybody think this lot are doing everything arse about face? They seem to be making a lot of noise and publicity about the unpopular headline-grabbing policies while quietly doing nothing, whereas they should be telling everyone everything is fine, no cuts etc while sneakily doing a hatchet job. It's like they don't want to get re-elected.Comment
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Originally posted by BrilloPad View PostIf this is party time - what is austerity going to be like?
France will turn before us, as the tulipe Hollande has offered, they can't afford, and we all know the Frenchies don't like being treated like kids. I reckon this ride has just started. Greece run out of money mid July and if they don't make more cuts, the IMF, et al, have said they'll get no money. They can't make more cuts and not have riots on the scale we've never seen there.
I reckon it would be a great time to buy a plot of land somewhere nice and quiet and try and grow some of your own food. I genuinely do. I think we're in for a very, very rocky ride over the next 5-10 years.Comment
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It may be the best recession ever for the rich, those with houses and mortgages and jobs, but the poor are being clobbered hard.Comment
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Originally posted by TimberWolf View PostIt may be the best recession ever for the rich, those with houses and mortgages and jobs, but the poor are being clobbered hard.Comment
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Buffet used to say the key to making money is to be scared when people are greedy and greedy when people are scared.
Makes perfect sense really. I wanted to get out of property, thinking I'd lose a lot of money. However, I couldn't, and now have top rents, low mortgages and the letters are paying off the mortgages. Really didn't see that happening.Comment
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Everything will be fine for quite a few more months, possibly even up to a year while the shadow lurkers silently clean up.
Then the pain and carnage will hit so suddenly and so rapidly to so many that people will simply not believe it at first as the illusion of personal wealth vanishes like a burst balloon, leaving nothing but the worthless shrivelled remains in their soiled hands.
hyperD in "the collapse of the horn of plenty" modeIf you think my attitude stinks, you should smell my fingers.Comment
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Originally posted by hyperD View PostEverything will be fine for quite a few more months, possibly even up to a year while the shadow lurkers silently clean up.
Then the pain and carnage will hit so suddenly and so rapidly to so many that people will simply not believe it at first as the illusion of personal wealth vanishes like a burst balloon, leaving nothing but the worthless shrivelled remains in their soiled hands.
hyperD in "the collapse of the horn of plenty" modeComment
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