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Wibble

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    Wibble

    George Osborne bags £35bn windfall from QE - Telegraph



    Beats having a real economy I suppose.

    #2
    Originally posted by DimPrawn View Post
    George Osborne bags £35bn windfall from QE - Telegraph



    Beats having a real economy I suppose.


    So cool to make 35 billion by virtually doing no work. Why arent all the countries doing it ? I am just so happy that the UK is a pioneer in these things. I just hope that the money is wisely used in providing social housing, child benefits and something else.
    Vote Corbyn ! Save this country !

    Comment


      #3
      KUATB

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        #4
        Sasguru will be along shortly to call us all Cretins and say it all makes perfect sense to ekonomick jeeniuses like 'imself.

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          #5
          So is the UK economy fixed now?

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            #6
            Originally posted by DimPrawn View Post
            Sasguru will be along shortly to call us all Cretins and say it all makes perfect sense to ekonomick jeeniuses like 'imself.
            Cretin. It makes perfect sense.
            Hard Brexit now!
            #prayfornodeal

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              #7
              On a serious note, it's worth noting the proponents of QE, the US and UK, have avoided anything like the depressions and unemployment rate hitting southern Europe.
              French unemployment has risen for 16 months in a row now - they're following Greece, Spain and Italy down the depression route. Unt soon zey vill be speakin Cherman.
              Hard Brexit now!
              #prayfornodeal

              Comment


                #8
                Originally posted by sasguru View Post
                On a serious note, it's worth noting the proponents of QE, the US and UK, have avoided anything like the depressions and unemployment rate hitting southern Europe.
                French unemployment has risen for 16 months in a row now - they're following Greece, Spain and Italy down the depression route. Unt soon zey vill be speakin Cherman.
                Boll0x as usual from our own ex-City expert.

                Unemployment by country:

                Germany: 5.4% (11.4% in 2005 - so they cut it by half!)
                UK: 7.9% (4.6% in 2005)
                France: 10.7% (9.2% in 2005)

                So who is in deep tulip relatively speaking? Germany actually reduced unemployment rate, France always had it high so they did not go as much but UK had the highest increase in unemployment rate (nearly 100%).

                Unemployment in Europe (monthly) - Google Public Data Explorer

                Not sure how well other countries are good at keeping unemployed people off the books, but UK is certainly done well in this respect.

                Comment


                  #9
                  Originally posted by sasguru View Post
                  On a serious note, it's worth noting the proponents of QE, the US and UK, have avoided anything like the depressions and unemployment rate hitting southern Europe.
                  French unemployment has risen for 16 months in a row now - they're following Greece, Spain and Italy down the depression route. Unt soon zey vill be speakin Cherman.
                  The problem Southern Europe is that they cannot use QE or interest rates to devalue, compared to other Eurozone countries. We however can print money, devalue to restore competitiveness, inflate away our debt and wipe out AtW's already pitiful savings.
                  The material prosperity of a nation is not an abiding possession; the deeds of its people are.

                  George Frederic Watts

                  http://en.wikipedia.org/wiki/Postman's_Park

                  Comment


                    #10
                    Originally posted by speling bee View Post
                    We however can print money, devalue to restore competitiveness, inflate away our debt and wipe out AtW's already pitiful savings.
                    WHS

                    This might force me get a one way boat ticket to Soviet Russia.

                    Comment

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