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The economy is in big trouble

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    The economy is in big trouble

    Caught between a rock and a hard place.

    Can't raise interest rates or the fragile recovery will be derailed, repossessions will rise as people can't pay their mortgages and the housing market will collapse.

    Can't not raise interest rates as inflation will then gallop ahead, the real value of everything, including the pound, will fall, investors will move to the safe haven of the Euro, Dollar or Remnimbi.

    The doom of 2008 was not averted, just postponed.

    Hopefully the Conservatives will not draw it out any more, it will be quicker with a short, sharp shock.

    So let's raise interest rates, squeeze inflation to under 2% and live within our means. Devil take the hindmost.
    Hard Brexit now!
    #prayfornodeal

    #2
    Originally posted by sasguru View Post
    Caught between a rock and a hard place.

    Can't raise interest rates or the fragile recovery will be derailed, repossessions will rise as people can't pay their mortgages and the housing market will collapse.

    Can't not raise interest rates as inflation will then gallop ahead, the real value of everything, including the pound, will fall, investors will move to the safe haven of the Euro, Dollar or Remnimbi.

    The doom of 2008 was not averted, just postponed.

    Hopefully the Conservatives will not draw it out any more, it will be quicker with a short, sharp shock.

    So let's raise interest rates, squeeze inflation to under 2% and live within our means. Devil take the hindmost.
    Hurrah!

    Victory Gin all round!

    Comment


      #3
      Originally posted by sasguru View Post
      live within our means
      This would solve a lot of problems and would probably have prevented the doom of the last few years. Unfortunately, very few people seem capable of doing that, and even fewer governments.
      And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

      Comment


        #4
        The pound has been rising against the dollar and gold over the past week for some reason. Not that markets need any good reason.

        Comment


          #5
          Originally posted by TimberWolf View Post
          The pound has been rising against the dollar and gold over the past week for some reason. Not that markets need any good reason.
          Because Britain is being seen abroad as being able to take austerity.
          Lets see what the inflation figures do.
          Hard Brexit now!
          #prayfornodeal

          Comment


            #6
            Originally posted by sasguru View Post
            Caught between a rock and a hard place.

            Can't raise interest rates or the fragile recovery will be derailed, repossessions will rise as people can't pay their mortgages and the housing market will collapse.

            Can't not raise interest rates as inflation will then gallop ahead, the real value of everything, including the pound, will fall, investors will move to the safe haven of the Euro, Dollar or Remnimbi.

            The doom of 2008 was not averted, just postponed.

            Hopefully the Conservatives will not draw it out any more, it will be quicker with a short, sharp shock.

            So let's raise interest rates, squeeze inflation to under 2% and live within our means. Devil take the hindmost.
            Don't be silly. Inflate away the debts and savings away and start the whole bubble over again.

            Comment


              #7
              Originally posted by TimberWolf View Post
              The pound has been rising against the dollar and gold over the past week for some reason. Not that markets need any good reason.
              Presumably because the markets are pricing in future interest rate rises.

              Comment


                #8
                Originally posted by Mich the Tester View Post
                This would solve a lot of problems and would probably have prevented the doom of the last few years. Unfortunately, very few people seem capable of doing that, and even fewer governments.
                For example.

                Irish couple owe

                Irish couple owe €800m to banks after property spending spree.

                That's just two people!

                Comment


                  #9
                  Originally posted by sasguru View Post
                  So let's raise interest rates, squeeze inflation to under 2% and live within our means. Devil take the hindmost.
                  Sounds like a winning election strategy

                  Comment


                    #10
                    Originally posted by sasguru View Post
                    Because Britain is being seen abroad as being able to take austerity.
                    Lets see what the inflation figures do.
                    Britain is also unlikely to elect Sarah Palin and the Six-toes-on-each-foot Tea Party alliance to run the country.
                    And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

                    Comment

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