Economy poll

Following the election and subsequent three years the economy is likely to:

  • Recover drastically and the UK will prosper.

    Votes: 0 0.0%

  • Slight upward trend.

    Votes: 7 25.0%

  • Stabalise.

    Votes: 6 21.4%

  • Dip slightly.

    Votes: 7 25.0%

  • Shock dip and long term spiral into economic DOOOOM.

    Votes: 8 28.6%
  • Total voters
    28
roffle

And the city boys making imaginary money doing imaginary jobs are totally deserving of their salaries?

Not defending the benefit culture in any way, something needed to be done. Any measures which see only the most needy looked after is the way to go.

These measure will go far far far beyond public sector employees. Whole swathes of the private sector will be decimated as a direct result of the cuts. Anyone thinking they are safe from harm is on planet zog.
 
The saga continues...

Feeling slightly unsettled about the slow collapse of national banks and systematic bailouts that seem to be happening (and will invariably continue across Europe).

The Euro was originally intended to aid European relations (and basically avoid a repeat of WWII).

People are going to get lairy when their countries go down like dominoes and will blame the resulting chaos on everyone but themselves. Especially foreigners.

Eeek.

...

"Oh but after five years of austerity everything will be back to normal" :rolleyes:

blah blah.
 
Europe is screwed - it annoys me when commentators only look at the local or national picture. It is a global phenomenon - the money is leaving in droves either to Asia or places like Brazil and there is nothing we can do about it unless there is a massive change in consumer habits and attitudes

however, all isn't roses in the East either - new korean conflict or just sabre-rattling?
 
We're screwed - so long as we buy into this mon£y is God boll*cks.

Economists are spouting their usual recovery drivel and everyone's 'carrying on as normal'...meanwhile our debt has risen from 481% of GDP to 492%.

Word from so called 'experts' is that the recovery plans haven't worked. No sh!t sherlock.

They're even calling it a 'sticking plaster solution' instead of a failure.

Nothing we didn't know already.

Is anyone daring enough to even think about doing a first time buy at the mo? :eek:

...and am I winning yet? :lol:
 
and with unelected leaders in greece and italy, democracy is seemingly joining capitalism as defunct.

??
 
In Europe it is starting to look like fingers in a dike. The eurozone has to come to terms with each countries debt. There were plenty of wink and nods well before the crisis about countries over spending and having massive debts. This is the same way the banks were handled. The tax payers will take it on the chin in the end. The next fright will be EU issued bonds, it will be funny money be printed without voters having a say on how their debt is accumulated.
 
djjaycool said:
Here is a chart of who owes what to whom.

http://www.bbc.co.uk/news/business-15748696
Click to expand...
Really interesting chart :!:

People in the States are always so concerned about our national debt (rightly so) but according to this chart total debt as percentage of GDP is only around 100%, far less than any of the others except for Japan.

The Irish have foreign debt equal to 10 times GDP :!: :eek:
If it were a company, that nation would be dismantled and sold for parts! :lol:

Italy has a surprisingly low debt burden compared to the others. Wonder why they're under such pressure...
(edit: probably because so much of it is gov't debt)
 
Morbyd said:
The Irish have foreign debt equal to 10 times GDP :!: :eek:
If it were a company, that nation would be dismantled and sold for parts! :lol:
Click to expand...

Thats Banking Debt. Our sovereign debt is one of the lowest in Europe.

If our stupid Politicians did not guarantee all the debts of the banks we would not be in the position that we are today.
 
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