Reply to: UK is on top of the chart....

[contractor79]

neither muslim extremists or BNP can be blamed for mass unemployment, that would be the responsibility of the New Labour government

[Cyberman]

Go on - admit it, you've made all that up haven't you, it sounds like utter ballcocks to me.

Sadly, what SantaClaus predicts could well come to fruition. We will hit 3.5 million unemployed next year and many of those may not get state help while the spongers continue unaffected. There may well be an attempt by the BNP and muslim extremists to exploit these differences and divisions, just as we have seen the New IRA trying to exploit the weak-willed in Northern Ireland.

[sasguru]

2 million unemployed announced today. I bet its 3 million if you count all the middle class workers who are too proud to sign on yet.

The global depression has only just started. After a bear market rally, the Stock Indices will plough to new depths. I foresee civil unrest in the not too distant future.

Martin Armstrong is 100% right.

[Pogle]

2 million unemployed announced today. I bet its 3 million if you count all the middle class workers who are too proud to sign on yet.

The global depression has only just started. After a bear market rally, the Stock Indices will plough to new depths. I foresee civil unrest in the not too distant future.

Martin Armstrong is 100% right.

Go on - admit it, you've made all that up haven't you, it sounds like utter ballcocks to me.

[Cyberman]

It will be hard. Look at it not just from the point of view of a worker, but (especially after retirement) from the point of view of an indirect consumer of the work of qualified staff. There won't be enough of them to go round, and no amount of saving will fix that for everybody. The only way to be able to afford what you want in an economy of a declining workforce will be to have saved more than the other guys. Somebody is going to fall short, and not be able to afford what they need, e.g. health care. Stafford Hospital is a vision of the future. This is especially so for Generation Y and later: when they see their parents living on dog food, they are all going to start saving like crazy. To no avail, it will just put up the price of work.

People were doing perfectly well out of pensions and PEPS until Brown came along and stealth-taxed them. Socialists reap what they sow, and that is poverty in retirement.

[expat]

True, but when it recovers companies will once again complain about how hard it is to find qualified staff.

It will be hard. Look at it not just from the point of view of a worker, but (especially after retirement) from the point of view of an indirect consumer of the work of qualified staff. There won't be enough of them to go round, and no amount of saving will fix that for everybody. The only way to be able to afford what you want in an economy of a declining workforce will be to have saved more than the other guys. Somebody is going to fall short, and not be able to afford what they need, e.g. health care. Stafford Hospital is a vision of the future. This is especially so for Generation Y and later: when they see their parents living on dog food, they are all going to start saving like crazy. To no avail, it will just put up the price of work.

[SantaClaus]

2 million unemployed announced today. I bet its 3 million if you count all the middle class workers who are too proud to sign on yet.

The global depression has only just started. After a bear market rally, the Stock Indices will plough to new depths. I foresee civil unrest in the not too distant future.

Martin Armstrong is 100% right.

[Mich the Tester]

NL is due for its worse economic year since 1931 - so I read.

True, but when it recovers companies will once again complain about how hard it is to find qualified staff.

[AlfredJPruffock]

That’s a good point worth a discussion of it’s own. Here in NL we have an ageing population and a workforce that’s expected to shrink. There’s no way we can keep on producing economic growth without facing severe downturns simply because productivity doesn’t grow fast enough to cancel out the effects of a shrinking workforce. If we have 0% growth we’ll be fine; 4%, as has become expected year on year, is just not realistic without a rapidly growing population.

NL is due for its worse economic year since 1931 - so I read.

[Mich the Tester]

You need more immigrants.

I am one, so I would be a hypocrite to contradict you on that issue.

[Gordon Brown]

That’s a good point worth a discussion of it’s own. Here in NL we have an ageing population and a workforce that’s expected to shrink. There’s no way we can keep on producing economic growth without facing severe downturns simply because productivity doesn’t grow fast enough to cancel out the effects of a shrinking workforce. If we have 0% growth we’ll be fine; 4%, as has become expected year on year, is just not realistic without a rapidly growing population.

You need more immigrants.

[Mich the Tester]

Surely we dont need any other "boom and bust" anytime soon but we need at least 0% or 0.01% growth sooner rather than later.....

That’s a good point worth a discussion of it’s own. Here in NL we have an ageing population and a workforce that’s expected to shrink. There’s no way we can keep on producing economic growth without facing severe downturns simply because productivity doesn’t grow fast enough to cancel out the effects of a shrinking workforce. If we have 0% growth we’ll be fine; 4%, as has become expected year on year, is just not realistic without a rapidly growing population.

[PM-Junkie]

Do try to keep up at the back...

[denver2k]

Well now, we wouldn't want a return to boom and bust would we?

Surely we dont need any other "boom and bust" anytime soon but we need at least 0% or 0.01% growth sooner rather than later.....

[Mich the Tester]

Well now, we wouldn't want a return to boom and bust would we?