Reply to: Credit Crunch ™ is over

[TimberWolf]

Do governments ever take money out of circulation and destroy it, without replacing it?

[OwlHoot]

.. And how come the govt can print money, but when I enterprisingly follow their example it's an offence? How's that for double standards?

Exactly - Why can't they just publish the PDFs and let *us* print money?

[Stan.goodvibes]

Also in Japan the population tend to save. In the UK we just spend spend spend on drink, fags, tattoos, .....

Just as well too - have you not heard of the paradox of thrift?

If easy credit meant the good times kept going why can't we just all decide that out house is worth 1.5 x what it's 'supposedly' worth now, then the banks balance sheets will automatically be in the black, and they can go on lending and the good times will return?

And how come the govt can print money, but when I enterprisingly follow their example it's an offence? How's that for double standards?

[BrilloPad]

WHS

QE takes 6 months or so to really bite. Mid march saw QE (17th IIRC) so on or around 17/9?

Is that the anniversary of Lehmans going bust?

[suityou01]

Next month sees the start of Hyper ™ Inflation ! Should be fun!

WHS

QE takes 6 months or so to really bite. Mid march saw QE (17th IIRC) so on or around 17/9?

[BrilloPad]

Are you talking about chavs?

Do we have anyone else in this country?

[Shimano105]

Are you talking about chavs?

Don't be so bigoted.

If someone wants to draw all over themselves like a big kid then surely that's their business?

[AlfredJPruffock]

The major benefit of the Tories will be that they will take tough decisions on public spending and pensions that Labour have failed to do.

Unfortunately the men in grey suits have forbidden the Torys to make those public spending cuts that would have the greatest impact - cancellation of the Trident upgrade , withdrawl from Afghanistan as these are against vested US interests.

So all they can promise is Austerity - massive public job cuts - lower standards of living - hospital and school closures - therefore the electorate will continue to vote Labour .

Better the Devil you know ...

As the economic recovery gathers pace - the only hope the Torys have is that the SNP will destroy Labours bedrock support in Scotland thereby causing Labour to come second in the English Parliament- altough they will have to politcally cede Scotland to the SNP.

Vote Labour and wiin an Iphone

[DimPrawn]

Also in Japan the population tend to save. In the UK we just spend spend spend on drink, fags, tattoos, .....

Are you talking about chavs?

[BrilloPad]

Yes, I believe they actually make things in Japan.

I can't remember the English word for this .. manufac ... something?

Oh well I don't suppose it's a word we'll need again.

Also in Japan the population tend to save. In the UK we just spend spend spend on drink, fags, tattoos, .....

[Platypus]

Japan's economy is totally different to the UK's.

Yes, I believe they actually make things in Japan.

I can't remember the English word for this .. manufac ... something?

Oh well I don't suppose it's a word we'll need again.

[DimPrawn]

Can low interest rates be sustained in times of high inflation?

Why not? Who cares as long a houses are rising in price.

Let inflation rip through and destroy all debt.

[TimberWolf]

Can low interest rates be sustained in times of high inflation?

[DimPrawn]

I reckon there's still a house price correction due. When interest rates start to rise a lot of people will feel the pain.

But interest rates aren't going to ever rise again. Because raising interest rates will pop the bubble and Labour will never let the bubble pop.

And house prices are going to rocket. They will never fall.

Buy into BTL now.

[Lockhouse]

I reckon there's still a house price correction due. When interest rates start to rise a lot of people will feel the pain.