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| l3v1ck wrote: So halfway in seven years. Not brilliant. | |
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My thoughts exactly.
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| UK economy over halfway to full recovery - Carney http://www.x404.co.uk/forum/viewtopic.php?f=19&t=22454 |
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| Author: | pcernie [ Sun Aug 17, 2014 4:00 pm ] |
| Post subject: | UK economy over halfway to full recovery - Carney |
http://www.theguardian.com/business/201 ... ark-carney And when all those people who begin to default knock confidence in everything from the housing market to general spending? Just before the next wave of massive government spending cuts? If nothing else I'd imagine the price of fuel is about to rocket... |
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| Author: | l3v1ck [ Mon Aug 18, 2014 8:22 pm ] |
| Post subject: | Re: UK economy over halfway to full recovery - Carney |
So halfway in seven years. Not brilliant. |
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| Author: | Spreadie [ Mon Aug 18, 2014 8:49 pm ] | |||||||||
| Post subject: | Re: UK economy over halfway to full recovery - Carney | |||||||||
My thoughts exactly. |
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| Author: | jonbwfc [ Mon Aug 18, 2014 10:23 pm ] |
| Post subject: | Re: UK economy over halfway to full recovery - Carney |
Or as an alternative view, this economic cycle is roughly 30 years long and these lot in charge have made absolutely eff all difference to anything. |
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| Author: | ShockWaffle [ Mon Aug 18, 2014 11:27 pm ] |
| Post subject: | Re: UK economy over halfway to full recovery - Carney |
That's about half what Kondratiev estimated http://en.wikipedia.org/wiki/Kondratiev_wave. In among all the Keynes and Hayek stuff that's been spouted in the last few years, I'm surprised he hasn't made a comeback too now you mention it. |
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| Author: | Spreadie [ Tue Aug 19, 2014 6:33 am ] | |||||||||
| Post subject: | Re: UK economy over halfway to full recovery - Carney | |||||||||
Given the fact the banks are back to their old tricks and working hard on inflating the next bubble, it's fair to say this lot have made bugger all of a difference - just kick the can a bit further down the road for someone else to deal with. |
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| Author: | pcernie [ Tue Aug 19, 2014 5:26 pm ] |
| Post subject: | Re: UK economy over halfway to full recovery - Carney |
UK inflation fall to 1.6% lessens likelihood of interest rate rise http://www.theguardian.com/business/201 ... -rate-rise |
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| Author: | ShockWaffle [ Tue Aug 19, 2014 9:34 pm ] | ||||||||||||||||||
| Post subject: | Re: UK economy over halfway to full recovery - Carney | ||||||||||||||||||
Historically, reactions to prevent the last major crisis from happening again generally contribute to the next, which is invariably very different. There's an article here but it's a bit long. The old tricks aren't the problem. Housing bubbles come and go with little harm as a rule, its panic that spreads them into contagious global crap-outs. But the array of new and quite bad things that have happened since the last crash means something else will surely break sooner or later. After the even it will be blindingly obvious to us all what was the cause, but prior to it nobody can really say for sure. Perhaps China's malinvestments will collapse. Or money flows to entire emerging markets will cease (as banks stop dealing with them for fear of US money laundering prosecutions - which is happening at an alarming rate); The US Congress might force a real default, probably by accident; too-big-to-fail regulations may cut global banks into bite sized nationally bound chunks and force up financing costs globally while causing banks to fail more easily - and counterproductively increasing the costs of bailouts.... there's plenty of other options. |
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