Reply to: Wheels are coming off the bus

[shaunbhoy]

Does Russia still count as Eastern Europe?

For the purposes of this...........most definitely!

[Diver]

Too Late

[DimPrawn]

I have just taken out another mortgage on a buy to let, as well as buying a new house.
They are still chucking low interest mortgages at you so where is the recession?

Panic mongers that's all

Were Doomed I tells yer! Dooooomed

That's the spirit. This time next year you'll be a millionaire.

[Troll]

What was the deal?

[Diver]

I have just taken out another mortgage on a buy to let, as well as buying a new house.
They are still chucking low interest mortgages at you so where is the recession?

Panic mongers that's all

Were Doomed I tells yer! Dooooomed

[wendigo100]

And from Eastern Europe!!

Does Russia still count as Eastern Europe?

[DaveB]

Shirely steam ships were made of iron?

Surely.

Warships made of wood and powered by steam engines were a common feature of navies in most of the 19th century. Steam engines were first adopted for tugs and gunboats in the 1820s and 1830s. Through the 1840s they became common in medium-sized ships like sloops and frigates. In the 1850s, steam-powered wooden battleships briefly dominated naval warfare. From the 1860s onwards, these wooden battleship was made obsolete by the ironclad warship, but wooden steamers continued to be important in other roles until the very end of the 19th century.

Wooden steam warships combined the new technology of steam power with very traditional wooden construction. Most of the larger steamers combined their steam engines with a sailing rig.

[shaunbhoy]

We're now having to take planks from below the waterline...

And from Eastern Europe!!

[BrilloPad]

http://www.saveourbus.org/

[daviejones]

I thought the wheels on the bus went round and round...?

[Clippy]

They don't need the west.

Interesting (and convincing) article in yesterdays Telegraph supporting this view:

http://www.telegraph.co.uk/money/mai.../cmindia10.xml

[AtW]

They don't need the west.

And how will China pay for raw materials needed to produce all these products if they are going to sell them to the Chinese who don't have lots of foreign currency in which said materials are sold?

[threaded]

Who will they be selling their services and products when people in the West won't have money to pay for their morgage?

They don't need the west.

[AtW]

India and China will keep powering on

Who will they be selling their services and products when people in the West won't have money to pay for their morgage?

[threaded]

Amateur economists! This debt is all ephemeral, it's not real. So, some boys in the city will lose their shirts, and in retaliation they'll scupper a few deals, but India and China will keep powering on, and like a great big iceberg the world economy will continue on its way.