mids
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Post by mids on Jan 15, 2009 10:10:15 GMT
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Post by joliet on Jan 15, 2009 10:12:30 GMT
She should grow a backbone and stand by her claim. If all that gets reported is doom and gloom, consumer confidence will never rise enough to get the economy going again.
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mids
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Post by mids on Jan 15, 2009 10:14:33 GMT
Yeah but her claim was, well, bollocks.
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Post by justmyopinion on Jan 15, 2009 10:15:08 GMT
With you Joliet, Baroness Vadera, please tell us why you think there are hopeful signs. Start promoting a more positive approach to boost confidence. The continual, easy, emphasis on bad news is doing damage to the potential recovery
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Post by joliet on Jan 15, 2009 10:16:40 GMT
And the claims that the entire country is crumbling is also bollocks. But the media are happy to report as such.
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VikingHumpingWitch
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"My philosophy in life is keep dry and keep away from children. I got it from a matchbox."
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Post by VikingHumpingWitch on Jan 15, 2009 10:16:46 GMT
It was hardly a message of undiluted positivity anyway. "I see some green shoots but it's too early to say where they'll go" or whatever. Anyone knows that a sudden late frost can kill off early buds anyway.
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ricklinc
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Post by ricklinc on Jan 15, 2009 10:19:53 GMT
Nu labour idiot gestating dog opens mouth and talks crap. Most unusual.
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Post by watchman on Jan 15, 2009 10:20:16 GMT
Has the light at the end of the tunnel been switched off to save electricity?
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dwad
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Post by dwad on Jan 15, 2009 10:21:27 GMT
I thought her message was pretty spot on "there are some good things happening but we don't know how they will pan out". Looking at the news today if you feel doom about Cyrry's bad sales then you have to feel good about HMV and Primark's record Christmas sales. While yesterday was a very bad day on the FTSE it is still hundreds of points up on October. And anecdotally I have friends house hunting who say that the market is suddenly picking up again and HSBC have launched a fixed mortgage of 2.99% that may start some competition.
It's not like everything is rosy but there's enough to justify a glass half full approach.
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mids
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Post by mids on Jan 15, 2009 10:29:39 GMT
Well you can always cherry pick and find some firms that are employing but the overall picture is still pretty gloomy. Unemployment is going up and businesses still can't get credit.
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dwad
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Post by dwad on Jan 15, 2009 10:35:31 GMT
Well you can always cherry pick and find some firms that are employing but the overall picture is still pretty gloomy. Unemployment is going up and businesses still can't get credit. It's true but general figures always lag way behind reality. And the cherry picking is really pretty easy - everything I put above was on the front page of BBC business in the last 24 hours other than the anecdote. This still feels a lot like the recession we talked ourselves into. |
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VikingHumpingWitch
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"My philosophy in life is keep dry and keep away from children. I got it from a matchbox."
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Post by VikingHumpingWitch on Jan 15, 2009 10:42:29 GMT
Well Gordon Brown's recession is really starting to make its presence known over here. I've got three people angling for a spot on my sofa (which I have no desire to make available to anyone other than my forthcoming cat) because they have no income any more and have to move. Also know a few freshly redundant or awaiting the axe from Volvo.
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ricklinc
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Post by ricklinc on Jan 15, 2009 10:42:56 GMT
What recession? I thought Gordon Brown had already saved the world.
Nobody talked our way into this recession. They borrowed and spent and lent and sold our way into it. Borrowing money they couldn't repay from people who didn't have it to lend. Who really believed that could go on forever just because the Federal Reserve has been getting away with something similar for so long?
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mids
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Post by mids on Jan 15, 2009 10:43:35 GMT
Well, i suppose we'll have to wait and see if things have suddenly become absolutely fantastic again. I think we were promised an end to the recession in June by Darling. The clock's ticking.
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Post by justmyopinion on Jan 15, 2009 10:48:58 GMT
The worst issue at present, is the continuing reluctance to lend to small businesses. I would like to see a risk spread concept where banks create a relationship to support small businesses, where no one bank takes the whole risk.
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Post by jonren on Jan 15, 2009 10:51:18 GMT
"I think we were promised an end to the recession in June by Darling. The clock's ticking."
I wonder, June in what what year?
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ricklinc
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Post by ricklinc on Jan 15, 2009 10:52:56 GMT
Gordon looks on course to create a relationship in which the taxpayer takes most of the risk and some bank gets the profit. Way to go, you creepy fat one-eyed idiot.
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Post by watchman on Jan 15, 2009 10:59:04 GMT
"Let me issue and control a nation's money and I care not who writes the laws."
- Mayer Amschel Rothschild, 1790
Seems as true now as it did then.
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Post by lawrence on Jan 15, 2009 17:43:10 GMT
There are no green shoots as of yet. We are in the belly of the beast and the recession must work its course as all recessions do. Any green shoots of recovery will be spotted in the US first and not till this summer most likely. By then , sidelined investors will be more apt to reinvest their money into the stock market for better returns. Along with the sorting out of the financials , the impact of low energy prices and the Obama stimulus packages , the great American economy will stir to life and pull every one along with them.
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yord
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Post by yord on Jan 15, 2009 17:59:29 GMT
absolute bollicks
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