observer Posted January 25, 2012 Report Share Posted January 25, 2012 Seems with a £trillion debt and rising unemployment, things arn't likely to improve in the near future. Politicians from Barak Obama to Nick Clegg are now suggesting economic stimulus in a bid for growth, in the form of tax cuts for the majority paid for by tax hikes on the super-rich. However, it seems any move to relax austerity could sink our triple A rating for borrowing. So, it appears we're between a rock and a hard place. Quote Link to comment Share on other sites More sharing options...
Wireboy Posted January 26, 2012 Report Share Posted January 26, 2012 I don't think we will enter another recession. The last quarter of 2011 was negative but so was the last quarter of 2010,2009. All in all the UK GDP grew by 0.9% in 2011 which is not bad in these uncertain times. It is just a shame the end of the year finished poorly. We were talking at work yesterday about boom and bust. People were grumbling that we only grew by 0.9% in a year but, if there was a way to permanently eliminate boom and bust but grow by 0.9% a year putting an end to recession most people would accept that. However, how do you put an end to recession? Quote Link to comment Share on other sites More sharing options...
wolfie Posted January 26, 2012 Report Share Posted January 26, 2012 I see uncertainty has now hit Japan. In the last seven days, Origami bank has folded, Sumo Bank has gone belly up and Bonsai Bank has announced plans to cut some of its branches. Yesterday, it was also announced that Karaoke Bank will go up for sale and will likely go for a song, while shares in Kamikaze Bank were suspended today after they nose-dived. While Samurai Bank is soldiering on after sharp cutbacks, 500 staff at Karate Bank got the chop and analysts report that there is something fishy going on at Sushi Bank, where it is feared that staff may get a raw deal. Quote Link to comment Share on other sites More sharing options...
asperity Posted January 26, 2012 Report Share Posted January 26, 2012 Wrong topic? Maybe should be in Jokes and Quizzes :blink: Quote Link to comment Share on other sites More sharing options...
Peter T Posted January 26, 2012 Report Share Posted January 26, 2012 Wrong topic? Maybe should be in Jokes and Quizzes :blink: Yea, but it was funny. Quote Link to comment Share on other sites More sharing options...
observer Posted January 26, 2012 Author Report Share Posted January 26, 2012 Nip it in the bud! Quote Link to comment Share on other sites More sharing options...
wolfie Posted January 26, 2012 Report Share Posted January 26, 2012 Wrong topic? Maybe should be in Jokes and Quizzes :blink: Lighten up asp, what's the point of worrying over another recession. If it happens it happens, no one on here will stop it. BTW it was the right topic but maybe the wrong reply. Quote Link to comment Share on other sites More sharing options...
observer Posted January 26, 2012 Author Report Share Posted January 26, 2012 No one on here will stop it, like many things - but niether, it seems will the Government. Quote Link to comment Share on other sites More sharing options...
observer Posted February 15, 2012 Author Report Share Posted February 15, 2012 History repeats itself: interesting prog about Louis XVI tonight; France was broke, and he had three successive Finance Ministers telling him to tax the rich Nobility and Clergy (who wern't subject to taxation) - he never had the balls to do it and eventually lossed his head. Quote Link to comment Share on other sites More sharing options...
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