Triple dip anyone?

[DodgyAgent]

The figures are bollocks anyway, We've been in depression since 2008.

When did you join CUK?

[Robinho]

When did you join CUK?

Damn missed my 2 year birthday on the 22nd.

Belated

[BrilloPad]

It will kill bad investments and free up resources for good (productive) investments.

Or put us into a death spiral. Like Greece.

The only way out is inflation.

[doodab]

It will kill bad investments and free up resources for good (productive) investments.

But the problem isn't a shortage of resources for good investments, it's a shortage of good investments.

[Robinho]

Or put us into a death spiral. Like Greece.

The only way out is inflation.

No such thing as a death spiral. The market always normalises. Greece might seem like a death spiral, but they are just rediscovering their true world standing sans a debt fuelled boom, which unfortunately for them is quite a bit different to what they had before. Eventually they'll bottom out and grow.

Look at Iceland.

[Robinho]

But the problem isn't a shortage of resources for good investments, it's a shortage of good investments.

Good investments will arise when the average wage of a UK worker has significantly dropped. Which is what will happen when bad investments are punished ie go out of business.

[sasguru]

If this is a depression lets have more of it.
sasguru towers has never done better.
Mind you I did store the fat of the good years away to tide me over in the lean.
A lesson from my childhood reading of the OT (Jospeh and the Egyptians) that always stayed with me.

And the other thing the bible says: to him that has shall be given more.

[BrilloPad]

No such thing as a death spiral. The market always normalises. Greece might seem like a death spiral, but they are just rediscovering their true world standing sans a debt fuelled boom, which unfortunately for them is quite a bit different to what they had before. Eventually they'll bottom out and grow.

Look at Iceland.

Iceland is different due to floating exchange rate.

And try saying "it will normalise" to the 50%+ of Greek youths who are unemployed.

[BrilloPad]

Mind you I did store the fat of the good years

Did you have to store it on your hips?

And the other thing the bible says: to him that has shall be given more.

Which refers to knowledge. Which is why Jesus spoke in parables.

The only language you understand is cretin-moron.

If you want to know what God thinks of money look at those he gives it too.

[Robinho]

Iceland is different due to floating exchange rate.

And try saying "it will normalise" to the 50%+ of Greek youths who are unemployed.

Exchange rate fundamentally makes no difference.

And yes, it will normalise, though i'd strongly recommend eliminating the minimum wage.