lozgti

Genuine question because I don't understand it

Is it because the whole world lived on credit and its not there now?

Is it the Greens stopping the world buying cars and screwing plastic bag companies and indeed companies generally?Can't they just stick to rubber dinghies annoying Japanese whalers?

Anyone know what the hell its all about? Can't just be the banker boys?

fast bloke

caused by the internet apparently - I'm not sure if that is because the internet allows information to be easily shared, making the economy more global than national, or because 6 billion people spend all day surfing and don't do any work

lozgti

Bleedin scoobynet.Ruining everyones lives

jaytc2003

iTrader: (1)

why dont the governments simply make more money and use that to help out (thats a genuine question)

sarasquares

iTrader: (1)

i think its caused by flooding our country with immigrants


on the news now it says they are going home as they are better off there



*disclaimer***

i have nothing against a small number of Poles

http://www.freefoto.com/images/13/44...-Poles_web.jpg

David Lock

Keeps wheel barrow suppliers in business anyway

fast bloke

When we say we’d like more money, what we’re really saying is we’d like more wealth. The problem is if we all have more money, collectively we’re not going to be any more wealthy. Increasing the amount of money does nothing to increasing the amount of wealth or more plainly the amount of stuff in the world. Since the same number of people are chasing the same amount of stuff, we cannot on average be wealthier than we were before.

jaytc2003

iTrader: (1)

yeah, I dont mean to give more money to the people, but for the government to use that money to help out things in general (nhs improvements, schools etc) this could then actually save the population some money.

Example of what Im thinking is say it costs £1 to produce a bank note. Would it not be better for the government to use our money for producing more money to help out the banks etc rather than just using our money directly if you see what I mean

jaytc2003

iTrader: (1)

although more wealth would be nice

stilover

Subaru's fault.

They produced a car so hideous, that people the world over stop buying Impreza's.

Reccesion follows

mal_howarth

Because the World leaders say so !!!

RyanSTI

iTrader: (1)

if you make more money, and spend it on things, regardless of people or nhs etc, then more money will be in circulation, meaning more people will have more money, so the prices of goods will go up. which in turn will make people no better off it'll just decrease what the pound is worth.

TelBoy

Yep

GC8

What goes up: must come down...

J4CKO

iTrader: (1)

Maybe if everyone (able to work) worked and contributed, and those that do work, worked harder (without going daft) then the country may be in a better state, despite bankers and politicians ?

GC8

In theory. In practice though, itd just give said bankers and politicians even greater opportunities to do more of the same...

Klaatu

Media! The same thing happens when, there is bad weather. The same thing happens, when a large national air carrier "off-shores" it's maintenance.

If you didn'y read papers, or watch TV, or read online articles, you'd not notice.

fast bloke

Not always






























Tax

stevebt

iTrader: (8)

What a complete load of bollox, I work on the buildings and its been bad for nearly a year now. This isn't new its just that its starting to hit more people. There are loads more professions which this is hitting as well. I don't read newspapers or watch the news so how come I know about it

Martin2005

Blimey Professor, I actually agree with you on something - the media have been hyping this up for about 18 months now.

Our PM seems to be coming out of this quite well at the mo (it wont last though). He really is Flash Gordon, 'he saved everyone of us' (well the bankers anyway )

I'll get my coat

Martin2005

In general of course what you say in right. But you cannot escape the impact the media has upon consumer confidence. Consumer confidence is everything in an economy like ours. It's not just the media though, some businesses are stoking it up, Tesco for instance have be marketing a recession for the last 9 months, using economic fears in their advertising, mind you it hasn't done them any harm if their last set of results are anything to go by.

c_maguire

Too many sheep, and Robin Page has been putting Adnams in the dog's bowl.

zip106

Watching the BBC news tonight, after the closing bell in the USA.
All the Beeb could keep saying was '...FTSE down by biggest margin for 20 years, Japan stocks tumble to oblivion, Asia suffers, etc...' over and over, doom, doom, doom.

This was going on for about 20 mins after the closing bell where the Dow was up nearly 7%, the Nasdaq was up 5.5%.
Beeb never mentioned those though.

(I know the USA will probably be down again tomorrow, but..)

For Christ sake, we know it's bad and getting worse, but FFS BBC, just stop going overboard with it.

From now on I'll mostly be watching Bloomberg!

mamoon2

Agreed the press are not helping the situation. But all the buy now pay later culture was always going to contribute to a bust.... Boom & Bust.... You can only do it for so long. I'm in the of "if you want something, save up for it" rather than whack it on a credit card because eventually the spending must stop.

Klaatu

We now have our "elected leaders" here in Australia considering "unlocking" the nations pension funds to "protect the ecconomy"! WFT!!!