tag:blogger.com,1999:blog-2948538160252327076.post8701659240677548138..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: Somebody make it stopAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2948538160252327076.post-89836163489661178662008-03-14T00:10:00.000+00:002008-03-14T00:10:00.000+00:00Sure it'll harm the productive but it'll hurt the ...Sure it'll harm the productive but it'll hurt the idle so much more because the margin they existed in as freeloaders (either directly as benefit scroats or indirectly as public sector loafers) depended on a booming economy drowing the government in tax revenue. That's just ended.<BR/><BR/>Where's the government going to get the money to pay out these benefits and inflated public sector salaries?<BR/><BR/>Tax? No chance, total revenue is headed down and increasing tax rates will only accelerate the decline<BR/><BR/>Borrow? Who's going to lend to them. There's credit crunch on and GILTS are losing their lustre<BR/><BR/>Print? Possible but it'll only give a short term pop before we head into Zimbabwe territory<BR/><BR/>The money simply isn't there and no magic wand will wave it into existence. See what's happening to the US municipalities for a look into our future.<BR/><BR/>It'll be tough as a worker watching jobs go and tax burdens rise. But it'll be even worse to be on a fixed income half-arsed linked to an understated CPI, or in a public sector job where the pensions can't be paid and the jobs are going to be cut.<BR/><BR/>You're aware that the current younger generations have life expectancy BELOW their grandparents, right? Longevity has peaked too.<BR/><BR/>NickAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-19252387368269682162008-03-13T22:50:00.000+00:002008-03-13T22:50:00.000+00:00There is no 'obesity time bomb' people are living ...There is no 'obesity time bomb' people are living longer and more healthy lives than any time in the whole of human history. You're more likely to die from being underweight than you are from being obese.<BR/><BR/>As for rising fuel prices making 'it economically less attractive to involve ourselves in the lazy gluttony that has ruined UK culture' this isn't the case. What has ruined the Uk (and US) is the real estate free loading speculating free loaders that all want something for nothing. Those that actually use the oil productively such as U.K business will have to lay off workers in order to stay competitive. In other words its going to harm the productive much more than it is the idle.<BR/><BR/>chefdaveAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-71385831603345203252008-03-13T19:44:00.000+00:002008-03-13T19:44:00.000+00:00Alice,It'll sort out our congestion problems, lazy...Alice,<BR/><BR/>It'll sort out our congestion problems, lazy school runs, SUV monstrosities, drive-time commuter hell and all other annoyances though.<BR/><BR/>Oil up => petrol up =><BR/>1) People want enviromently aware efficient cars<BR/>2) People don't live so far from work, or they get the bus<BR/>3) People might walk places again<BR/><BR/>As food goes up we'll probably also see the obesity time-bomb reduce.<BR/><BR/>As bad as it sounds, what is rising oil and food really going to do ? It's going to make it economically less attractive to involve ourselves in the lazy gluttony that has ruined UK culture.<BR/><BR/>Oh, and if you believe gold is money (I do) then overlay your oil chart with the gold chart and ask yourself the obvious question:<BR/><BR/>Is oil actually more expensive than it used to be?<BR/><BR/>Inflation is a monetary phenomenon.<BR/><BR/>NickAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-65723915092793705882008-03-13T19:08:00.000+00:002008-03-13T19:08:00.000+00:00This is why the soaring cost of housing is so deva...This is why the soaring cost of housing is so devasting upon economies. The price of raw materials are soaring but raising interest rates is near on impossible due of the size of the average mortgage. Now the government now own £55 billion of mortgage debt via the nationalisation of the rock it makes the already tricky job of being governor of the BofE that bit more difficult. Oh, throw the national current account deficit into the mix just before the impending recession and its a recipe for a perfect economic storm.<BR/><BR/>Its going to take a bit more than positive thinking to get us through this one.<BR/><BR/>ChefdaveAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-64225150095153569762008-03-13T15:55:00.000+00:002008-03-13T15:55:00.000+00:00A few typos slipping in today Alice - have you bee...A few typos slipping in today Alice - have you been on the sauce?<BR/><BR/>Top posts though.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-80943861939202788722008-03-13T14:51:00.000+00:002008-03-13T14:51:00.000+00:00MOST OF THE PRICE OF A LITE OF PETROL IS TAX THE W...MOST OF THE PRICE OF A LITE OF PETROL IS TAX THE WORLD PRICE OF OIL DOES NOT MAKE MUCH OF A DIFFERENCE WHEN FILLING UP A TANK.Anonymousnoreply@blogger.com