Re: The Economy : Mon Sep 02, 2013 2:01 pm  

Dally wrote:

It'll be interesting to see how the "controlled experiment" of the US versus UK approaches pans out. As would be expected the US ecomony is doing better than the UK's at present but what will the longer term hold (assuming the UK doesn't change policy)?

How it pans out?
I think 14 (fourteen) consecutive quarters of growth in US GDP so far (of which none have been as low as our highest) is panning out quite well for them so far.
How long a period of measurement do you want?

Of course, if the rednecks of the Republican party had had their way, the banks would have been allowed to fail (which I seem to recall you advocated), taking most of the economy with it, Chrysler and GM would have gone bust taking a million jobs down with them and the US economy would be absolutely flat on its back right now.
The car makers have almost paid back their government TARP loans now and have completely restructured.
Amazing what well-placed intervention (aka Keynesian stimulus) can do.

Re: The Economy : Mon Sep 02, 2013 3:59 pm  

We're now in the position where big businesses are moaning about the poor returns on the capital that they have on deposit in the banks.

Well here's a suggestion: don't sit on the fecking capital then, put it to work.

Invest in something innovative, if not in your own business, then invest in other fledgling businesses, you know the kind of business you used to be. Such enterprises are struggling because the banks with whom you have entrusted your deposits, will not loan to such "risky" businesses. They would rather take advantage of QE and borrow money on the cheap off the government and then "invest" it in lower-return but equally lower-risk business.

Instead we have a clueless chancellor who is crowing about his schemes to stimulate the housing market, conveniently forgetting that the people who need to get on the housing ladder can't do so because the fecking banks won't lend them money and the cnuts who employ them won't give them an employment contract that a bank would recognise as a good risk. All Osborne's housing stimulus will do is fuel yet another property bubble with the consequent inevitable burst to follow.

Re: The Economy : Mon Sep 02, 2013 4:40 pm  

Him wrote:

Thanks for further confirmation that you don't know what you're on about, disputed official statistics that didnt back you up and made up and distorted quotes. All because you don't understand what you're on about.
You can't answer those questions can you? You've had plenty of time and opportunity to yet won't. Because you can't. Just like you couldn't answer the questions over your Thatcher "poll" or your "football supporter politics".

Of course you will you'll do like you always do and disappear when asked questions you can't answer, usually just after you've looked something up on Wikipedia, got it wrong, made something up, then backed yourself into a corner. Just like now.

Just do yourself a favour, bin this identity and move on to the next. Because this one's done.

You can't admit 1) or 2) in my post of 20:22 on 1 September 2013 can you?

Re: The Economy : Mon Sep 02, 2013 4:41 pm  

West Leeds Rhino wrote:

It's OK, Ajw71 believes the economy is recovering. If you believe, truth and statistics are irrelevant...

The same belief that is supported by statistics. The same belief held by Carney and the BCC....

Re: The Economy : Mon Sep 02, 2013 4:51 pm  

You can't teach pork

Re: The Economy : Mon Sep 02, 2013 4:52 pm  

Ajw71 wrote:

:CRAZY:

The same belief that is supported by statistics. The same belief held by Carney and the BCC....

I repeat, did you not see the bit where Carney said the UK shouldn't be patting itself on the back?
Have you not read the stats put forward above?

Re: The Economy : Mon Sep 02, 2013 5:10 pm  

Ajw71 wrote:

You can't admit 1) or 2) in my post of 20:22 on 1 September 2013 can you?

How can he admit that you were right when you were actually not just wrong but worryingly wrong.

1. The economy has shown two consecutive quarters in very low +ve growth. I have already shown you above how three very low +ve quarters were then followed by three quarters of -ve or zero.
Two quarters under 1% does NOT equal recovery. Look at the US (fourteen consecutive quarters of growth, all bigger than our piddling 0.7%) ... THEY are recovering.

2. Carney has talked about recovery but has not said the economy is in recovery. Also, predictions do not mean we are in recovery, most predictions since 2008 have been wrong.
Successive significant upward trending over multiple quarters will tell us we are in recovery ... two quarters under 1% does not equal a recovery.

Re: The Economy : Mon Sep 02, 2013 5:20 pm  

cod'ead wrote:

We're now in the position where big businesses are moaning about the poor returns on the capital that they have on deposit in the banks.

Well here's a suggestion: don't sit on the fecking capital then, put it to work.

Invest in something innovative, if not in your own business, then invest in other fledgling businesses, you know the kind of business you used to be. Such enterprises are struggling because the banks with whom you have entrusted your deposits, will not loan to such "risky" businesses. They would rather take advantage of QE and borrow money on the cheap off the government and then "invest" it in lower-return but equally lower-risk business.

I agree with this. The problem is that generally speaking the overpaid executives and Board members are just managers and have no vision. One point in their defence is that the not the capital markets do not function as intended - they are now ends in themselves so companies have to appease them and so intelligent risk-taking is frowned upon if it results in a short terms dip in earnings.

Re: The Economy : Mon Sep 02, 2013 6:25 pm  

JerryChicken wrote:

You can't teach pork

Quite. If people want to go on believing that a bloke who said the words "this recovery" actually didn't say the economy is recovering then so be it.

Re: The Economy : Mon Sep 02, 2013 6:52 pm  

Ajw71 wrote:

Quite. If people want to go on believing that a bloke who said the words "this recovery" actually didn't say the economy is recovering then so be it.

See that barn door ten paces away ?

You missed that as well.