So, is the recession over?
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From: K
FP:
Hodgy;
I'm not quite sure what I mean! During the crisis billions of £ was lost/destroyed/written off, whatever you want to call it. There was money that was meant to be on balance sheets and then it wasn't. This could have triggered a deflationary spiral, so printing some new money to make up for that which was lost from the economy is not necessarily inflationary. It could just be bringing balance.
Or, I could be talking sh3t3!!
Hodgy;
I'm not quite sure what I mean! During the crisis billions of £ was lost/destroyed/written off, whatever you want to call it. There was money that was meant to be on balance sheets and then it wasn't. This could have triggered a deflationary spiral, so printing some new money to make up for that which was lost from the economy is not necessarily inflationary. It could just be bringing balance.
Or, I could be talking sh3t3!!
I suspect that there are thousand of such people
Take one in particular, he was a director of one of the world biggest property investment management companies and his team sold over £12 billion worth of shopping centres etc since the 2000 – those assets could well be owned by me and you through the various government asset insurance schemes.
So you could argue that some of the “destroyed” money is moored in Monaco’s harbour
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From: Weston Super Mare, Somerset.
A slight digression but I see Tesco's name is in the frame for possibly buying out part of a bank. But why would they want to pay out for a load of boring old buildings, totally unsuitable for retail business, when they have existing premises all over the country along with a customer database second to none?
dl
dl
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From: use the Marauder's Map to find out.
A slight digression but I see Tesco's name is in the frame for possibly buying out part of a bank. But why would they want to pay out for a load of boring old buildings, totally unsuitable for retail business, when they have existing premises all over the country along with a customer database second to none?
dl
dl
They could sell off the "boring old buildings" to Wetherspoons and make a bit of cash from that.
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I was talking to a friend on this subject a few weeks ago – and when wondering where all the money has gone, both realised that we could name 5 or 6 friends – some mutual, who have made enough money to “retire” – not 10’s of millions but several millions, not enough to retire on forever (school fess etc), but enough to lay low for a few years until the money making landscape improves – all worked in either banking or property.
I suspect that there are thousand of such people
Take one in particular, he was a director of one of the world biggest property investment management companies and his team sold over £12 billion worth of shopping centres etc since the 2000 – those assets could well be owned by me and you through the various government asset insurance schemes.
So you could argue that some of the “destroyed” money is moored in Monaco’s harbour
I suspect that there are thousand of such people
Take one in particular, he was a director of one of the world biggest property investment management companies and his team sold over £12 billion worth of shopping centres etc since the 2000 – those assets could well be owned by me and you through the various government asset insurance schemes.
So you could argue that some of the “destroyed” money is moored in Monaco’s harbour
But do you agree though that some has just been 'evaporated', and since that belonged to the banks, it's not necessarily inflationary to 'print money' to replace that money?
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