and dyou think itll be a real stinker?
Im sure someone was on Jeremy Vine last week talking about excessive levels of debt being a warning marker of another collapse, but was a bit over my head.
Personally I worry that levels of employment could fall if we loose more manufacturing, down south at least couples with mortgages need two incomes to make ends meet more often than not. What employment sector will give growth going forward? There can only be so many jobs in Aldi and the like. Ocado had a robotic picking warehouse round the corner from work, though that didn’t quite work out, I’m sure they will have another go.
how long will it be before someone mentions brexit…ok,ive just mentioned it,but im meaning apart from me. 
njl:
Im sure someone was on Jeremy Vine last week talking about excessive levels of debt being a warning marker of another collapse, but was a bit over my head.Personally I worry that levels of employment could fall if we loose more manufacturing, down south at least couples with mortgages need two incomes to make ends meet more often than not.
^
Strange how no one said that in 1979.Instead of which they voted for Thatcher that’ll fix it. 
dieseldog999:
how long will it be before someone mentions brexit…ok,ive just mentioned it,but im meaning apart from me.
See the reference to Thatcher’s election.You know the same Thatcher who said we need to stay in the EEC in 1975.The rest is history.
Sooner or later interest rates are going to have to rise, the national debt is, depending on who you ask, hovering around £2 trillion, which is £2000 billion if my schoolboy maths isn’t failing me, and once interest rates rise all manner of things are going to happen.
Haven’t a clue what personal debt levels are, but they probably dwarf the national figures, when interest rates rise mortgage interest is going up too, those more mature people here will well remember 15% interest for a short spell, but years and years of 7/9% mortgage rates.
What surprises me is just how many people are still spending money they don’t have on things like cars they won’t ever own, when payments of up to £400 a months could instead be knocking 3 bells out of their mortgages instead and they could be running round in quite probably a more reliable older Jap car that would cost them 3 months PCP payments or less to buy outright.
My own opinion is we are well overdue and it shoudl have happened already, interest rates have been kept artificially low and we’ve been printing money like its going out of fashion, the economy seems to have been based for the last 10 years at least on increasing house prices and ever higher mass immigration which is the mainstay of increasing house prices, and also due to each extra person being an economic unit of some sort, even if on benefits, they ironically add to GDP total what with the money going into circulation to keep them.
No its can’t continue like this indefinately, but who wants to be the govt in charge of this economic game of musical chairs when the music stops and it comes crashing down around their ears, quite how far they are prepared to let it carry on before someone says stop is the question.
They might keep the ponzi scheme going for years yet, everyone seems happy, national debt never mentioned, everything must be honky dory in lalaland, keep borrowing people.
Juddian:
Sooner or later interest rates are going to have to rise, the national debt is, depending on who you ask, hovering around £2 trillion, which is £2000 billion if my schoolboy maths isn’t failing me, and once interest rates rise all manner of things are going to happen.Haven’t a clue what personal debt levels are, but they probably dwarf the national figures, when interest rates rise mortgage interest is going up too, those more mature people here will well remember 15% interest for a short spell, but years and years of 7/9% mortgage rates.
What surprises me is just how many people are still spending money they don’t have on things like cars they won’t ever own, when payments of up to £400 a months could instead be knocking 3 bells out of their mortgages instead and they could be running round in quite probably a more reliable older Jap car that would cost them 3 months PCP payments or less to buy outright.
My own opinion is we are well overdue and it shoudl have happened already, interest rates have been kept artificially low and we’ve been printing money like its going out of fashion, the economy seems to have been based for the last 10 years at least on increasing house prices and ever higher mass immigration which is the mainstay of increasing house prices, and also due to each extra person being an economic unit of some sort, even if on benefits, they ironically add to GDP total what with the money going into circulation to keep them.
No its can’t continue like this indefinately, but who wants to be the govt in charge of this economic game of musical chairs when the music stops and it comes crashing down around their ears, quite how far they are prepared to let it carry on before someone says stop is the question.
They might keep the ponzi scheme going for years yet, everyone seems happy, national debt never mentioned, everything must be honky dory in lalaland, keep borrowing people.
So we get an interest rate rise does that mean all of those of us who’ve been ripped off by low interest rates will be compensated for our lost cash.Also will wages increase to match the increased mortgage rates.
So now the Tory tossers intend to deliberately crash house prices meaning a lose lose for those of us who’ve had our capital decimated leaving only our equity to support our retirement and a negative equity crisis for the banks regarding outstanding mortgages.
So there we have it.The employer classes elites ripping off everyone to reinforce their own profits and living standards at the expense of the economy as a whole by using low interest rates to subsidise their wage costs.It’s not only Socialists who want a system that’s based on the good life until they run out of other people’s cash.
There are murmerings in the USA right now about personal debt and how bad it has got, now history tells us that it is the US that starts the ball rolling.
I am here right now and cannot believe what is happening, it is no longer a cheap place to live and it seems just as in the UK, the young are driving top end yank tanks…They are also way more angry than they used to be, just like the UK really.
Personally I have done everything right just before each crash in my lifetime, I wish I could say it was down to planning, it has all been luck, with a bit of gut feeling thrown in for good measure.
I am outta here this year and will be selling my UK home next, so I reckon that makes a crash coming in 2022
Busts can be triggered by overheating of economies. A politician throwing too much money into the system too quickly in an unsustainable boom…
.
Sound likely?
Someone chasing popularity, getting rid of more cautious expert advisers or colleagues?
Can we not get out of this recession first before we start planning for another one?
Sent from my SM-G973F using Tapatalk
CookieMonster:
Can we not get out of this recession first before we start planning for another one?Sent from my SM-G973F using Tapatalk
One way out of the “boom and bust” cycle would certainly be to go into permanent recession, wouldn’t it?
[emoji3]
But But But ……….Boris said there will be sunny uplands , rainbows , unicorns and crumpets for tea after Brexit - Did he lie ?
OwenMoney:
But But But ……….Boris said there will be sunny uplands , rainbows , unicorns and crumpets for tea after Brexit - Did he lie ?
Or stay in Europe along side many others and be in permanent recession, Eurozone figures are hardly setting the world alight.
CookieMonster:
Can we not get out of this recession first before we start planning for another one?Sent from my SM-G973F using Tapatalk
^^^^^^^^^^^^^^^^^^^^^^^
+1
i thought we were still in the one we had 13 years ago .
Juddian:
Sooner or later interest rates are going to have to rise, the national debt is, depending on who you ask, hovering around £2 trillion, which is £2000 billion if my schoolboy maths isn’t failing me, and once interest rates rise all manner of things are going to happen.
What surprises me is just how many people are still spending money they don’t have on things like cars they won’t ever own, when payments of up to £400 a months could instead be knocking 3 bells out of their mortgages instead and they could be running round in quite probably a more reliable older Jap car that would cost them 3 months PCP payments or less to buy outright.^^^^^^^^^^^^^^^^^^^^^^^^^^^
+1people are running cars they will never own on the drip because people are lemmings .
the garages click onto a new formula every now and again to ram cars right up your average joes ringpiece and being the gullible plebs that they are,they take it and try to justify it with some sort of cost effective formula showing how they save money in the long term,whereas the reality is that they are getting their pants pulled down bigtime.as usual,britain whilst burying itself in needless expenditure likes to show the world how generous it can be by forking billions out in foreign aid whilst robbing the indiginous public in doing so and at the same time just letting anything and everything that gets a foot in the door even by completely illegal means to just stay and leech more benefits and in turn allowing every ■■■■ relation they can claim for to come waltzing in on their back.
with the amount of foreigners in the uk now,then as obviously before long white uk citizens are the victims of white genocide,then when the balance tips,itl not be long toll biafra or somalia will be holding a music concert to aid the poverty stricken uk.
The next recession? The one which started in around 1980 hasn’t finished yet.
Franglais:
Busts can be triggered by overheating of economies. A politician throwing too much money into the system too quickly in an unsustainable boom…
.
Sound likely?
Someone chasing popularity, getting rid of more cautious expert advisers or colleagues?
I thought government spending was what many people asked for?
and wasn’t Government spending what the US did in the 1930’s to help get them out of the Great Depression?
When it all crashed last time it was the financial sector that pushed for austerity whilst Billions of even Trillions were used to prop up the banking system, when other economists said the economy could be better stimulated if that bailout money was given directly to the people, who’d then spend it boosting the economy.
muckles:
Franglais:
Busts can be triggered by overheating of economies. A politician throwing too much money into the system too quickly in an unsustainable boom…
.
Sound likely?
Someone chasing popularity, getting rid of more cautious expert advisers or colleagues?I thought government spending was what many people asked for?
and wasn’t Government spending what the US did in the 1930’s to help get them out of the Great Depression?When it all crashed last time it was the financial sector that pushed for austerity whilst Billions of even Trillions were used to prop up the banking system, when other economists said the economy could be better stimulated if that bailout money was given directly to the people, who’d then spend it boosting the economy.
Sustainable capital investment over a long period, yes. We desperately need to invest in infrastructure.
Chucking money around in the short term, then having to suddenly curtail it is the issue I’m suggesting.
.
Edit to add. We need not to borrow, with all the risks in that, but to pay our own way today through tax.
Voting anything but either Labour or Conservative was a waste of a vote, otherwise it would have been SDP for me. So I voted Conservative as Labours spending was the more bonkers of the two. Voting for a party doesnt mean you agree with everything on the manifesto.
Brexit will play a part in a recession, but there are too many other factors. Brexit may or may not help us in a global recession.
Good reads on the subject Aftermath by James Rickards a leading economist, and The war on normal people by Andrew Yang who has an opinion on the future of AI on employment.
And I agree with Judfian.
CookieMonster:
Can we not get out of this recession first before we start planning for another one?
What recession? We’ve had one, if not the longest periods of growth in our nation’s history.