What idiot said it was getting better.

Public borrowing is said to be touching £200 billion now instead of the £175 billion originally quoted, and a futher £1 million is being added to the debt every minute. and the country as a whole is over £2 trillion in debt.

http://business.timesonline.co.uk/tol/business/economics/article6882137.ece#

Its your children i feel sorry for guys cos their the one's who'll be paying for it.

Only yesterday the deputy chairman of the CBI reminded us that even when the economic downturn improves and becomes the economic upturn we will still have that huge £2trillion debt to pay.
Last week Gordon Brown publicly contradicted the shadow chancellor for saying things will get worse. But I don't blame Gordon for putting a positive spin on the current situation, that is his job.

Rockmaninov wrote:Only yesterday the deputy chairman of the CBI reminded us that even when the economic downturn improves and becomes the economic upturn we will still have that huge £2trillion debt to pay.
Last week Gordon Brown publicly contradicted the shadow chancellor for saying things will get worse. But I don't blame Gordon for putting a positive spin on the current situation, that is his job.

It doesn't make the facts any more palatable though does it Rocky, whatever spin he tries to put on this dire situation.

Interest on savings is now less than 1%. What a joke.

Syl wrote:Interest on savings is now less than 1%. What a joke.

Well we have negative inflation syl, so i imagine negative interest is just round the corner, so maybe that'll mean we have to give the banks money instead lol.

Never trust a politician or a banker, that's my motto.

MickyMod wrote:

Rockmaninov wrote:Only yesterday the deputy chairman of the CBI reminded us that even when the economic downturn improves and becomes the economic upturn we will still have that huge £2trillion debt to pay.
Last week Gordon Brown publicly contradicted the shadow chancellor for saying things will get worse. But I don't blame Gordon for putting a positive spin on the current situation, that is his job.

It doesn't make the facts any more palatable though does it Rocky, whatever spin he tries to put on this dire situation.

So true! All the experts say different things and contradict each other. Ordinary people want to see a decent level of public spending (hospitals, public transport, NHS, and protection of pensions), plus a decent return of savings because that is how some OAP's get by, and above all more jobs . That is what ordinary people would consider an improvement.

Rockmaninov wrote:

MickyMod wrote:

Rockmaninov wrote:Only yesterday the deputy chairman of the CBI reminded us that even when the economic downturn improves and becomes the economic upturn we will still have that huge £2trillion debt to pay.
Last week Gordon Brown publicly contradicted the shadow chancellor for saying things will get worse. But I don't blame Gordon for putting a positive spin on the current situation, that is his job.

It doesn't make the facts any more palatable though does it Rocky, whatever spin he tries to put on this dire situation.

So true! All the experts say different things and contradict each other. Ordinary people want to see a decent level of public spending (hospitals, public transport, NHS, and protection of pensions), plus a decent return of savings because that is how some OAP's get by, and above all more jobs . That is what ordinary people would consider an improvement.

Well if some twat in the USA hadn't cut interest rates a couple of years ago we wouldn't be in this mess to start with mate.

Rockmaninov wrote:

MickyMod wrote:

Rockmaninov wrote:Only yesterday the deputy chairman of the CBI reminded us that even when the economic downturn improves and becomes the economic upturn we will still have that huge £2trillion debt to pay.
Last week Gordon Brown publicly contradicted the shadow chancellor for saying things will get worse. But I don't blame Gordon for putting a positive spin on the current situation, that is his job.

It doesn't make the facts any more palatable though does it Rocky, whatever spin he tries to put on this dire situation.

So true! All the experts say different things and contradict each other. Ordinary people want to see a decent level of public spending (hospitals, public transport, NHS, and protection of pensions), plus a decent return of savings because that is how some OAP's get by, and above all more jobs . That is what ordinary people would consider an improvement.

ordinary ppl are not overly-obsessed with figures about the inflation rate, interest rate, consumer spending rate,footsie index blah blah blah -these figures go up and down like yoyo's anyway: inflation rate was 5% only a year ago, now it's 0.5%. that is a tenfold drop in the space of one year!! what does that mean?? ppl want to see tangible improvements, not a load of indexes..

MickyMod wrote:

Rockmaninov wrote:

MickyMod wrote:

Rockmaninov wrote:Only yesterday the deputy chairman of the CBI reminded us that even when the economic downturn improves and becomes the economic upturn we will still have that huge £2trillion debt to pay.
Last week Gordon Brown publicly contradicted the shadow chancellor for saying things will get worse. But I don't blame Gordon for putting a positive spin on the current situation, that is his job.

It doesn't make the facts any more palatable though does it Rocky, whatever spin he tries to put on this dire situation.

So true! All the experts say different things and contradict each other. Ordinary people want to see a decent level of public spending (hospitals, public transport, NHS, and protection of pensions), plus a decent return of savings because that is how some OAP's get by, and above all more jobs . That is what ordinary people would consider an improvement.

Well if some twat in the USA hadn't cut interest rates a couple of years ago we wouldn't be in this mess to start with mate.

You know how it is -they sneeze over there, we catch the cold........

Rockmaninov wrote:

MickyMod wrote:

Rockmaninov wrote:

MickyMod wrote:

Rockmaninov wrote:Only yesterday the deputy chairman of the CBI reminded us that even when the economic downturn improves and becomes the economic upturn we will still have that huge £2trillion debt to pay.
Last week Gordon Brown publicly contradicted the shadow chancellor for saying things will get worse. But I don't blame Gordon for putting a positive spin on the current situation, that is his job.

It doesn't make the facts any more palatable though does it Rocky, whatever spin he tries to put on this dire situation.

So true! All the experts say different things and contradict each other. Ordinary people want to see a decent level of public spending (hospitals, public transport, NHS, and protection of pensions), plus a decent return of savings because that is how some OAP's get by, and above all more jobs . That is what ordinary people would consider an improvement.

Well if some twat in the USA hadn't cut interest rates a couple of years ago we wouldn't be in this mess to start with mate.

You know how it is -they sneeze over there, we catch the cold........

Thats the one matey.

Rockmaninov wrote:

MickyMod wrote:

Rockmaninov wrote:

MickyMod wrote:

Rockmaninov wrote:Only yesterday the deputy chairman of the CBI reminded us that even when the economic downturn improves and becomes the economic upturn we will still have that huge £2trillion debt to pay.
Last week Gordon Brown publicly contradicted the shadow chancellor for saying things will get worse. But I don't blame Gordon for putting a positive spin on the current situation, that is his job.

It doesn't make the facts any more palatable though does it Rocky, whatever spin he tries to put on this dire situation.

So true! All the experts say different things and contradict each other. Ordinary people want to see a decent level of public spending (hospitals, public transport, NHS, and protection of pensions), plus a decent return of savings because that is how some OAP's get by, and above all more jobs . That is what ordinary people would consider an improvement.

Well if some twat in the USA hadn't cut interest rates a couple of years ago we wouldn't be in this mess to start with mate.

You know how it is -they sneeze over there, we catch the cold........

we've caught a lot of ""viruses" off them!! hope they keep all their "toxic assets" away from us!

We already have them though Cans which is why the govermnent owns Northern Rock and the like.

amazing, that in the midst of this recession, with businesses going under, 2 examples that have gone completely against the grain and done quite well:

1. goldmann sachs financial group announced huge quarterly profits last week. dunno what their secret is, but not only have they survived the global economic catastrophe, they have blossommed and flourished despite all the odds, in fact gordon has often gone cap-in-hand to borrow money off them!!

2. Apple has also announced eye-watering profits (in its sales of iphones and PC's), lucky devils! £1billion (1.67 dollars) in the 3months to september 2009. that is up 50% on the same period last year. £1billion is serious dosh. how did they do it, when everyone is supposed to be broke?

CannyX wrote:amazing, that in the midst of this recession, with businesses going under, 2 examples that have gone completely against the grain and done quite well:

1. goldmann sachs financial group announced huge quarterly profits last week. dunno what their secret is, but not only have they survived the global economic catastrophe, they have blossommed and flourished despite all the odds, in fact gordon has often gone cap-in-hand to borrow money off them!!

2. Apple has also announced eye-watering profits (in its sales of iphones and PC's), lucky devils! £1billion (1.67 dollars) in the 3months to september 2009. that is up 50% on the same period last year. £1billion is serious dosh. how did they do it, when everyone is supposed to be broke?

Goldman Sachs sold on shares from the government allowing the Bank of England to literally print more money Cans, at least i think thtas what happened, and ppl will always want the latest gadget, so it just a matter of finding a niche in the market.

In business reputation is everything Cans. A bit like showbiz. Consumer confidence is important. The success of any financial institution hinges on how much faith its patronage has in it.

If a bank is doing badly but people retain confidence in it, it will recover. If it doing quite well but malicious whispers (by rivals) say that it is going under, customers will desert it. Look at the run on Northern rock after there were whispers that they were losing money. OAP's queued round the block to grab their money. So they went under anyway.

Rockmaninov wrote:In business reputation is everything Cans. A bit like showbiz. Consumer confidence is important. The success of any financial institution hinges on how much faith its patronage has in it.

If a bank is doing badly but people retain confidence in it, it will recover. If it doing quite well but malicious whispers (by rivals) say that it is going under, customers will desert it. Look at the run on Northern rock after there were whispers that they were losing money. OAP's queued round the block to grab their money. So they went under anyway.

that would be one of the reasons why gordon brown and co are always so keen to put a positive spin on things then. whilst the oppsoition are so keen to put a negative spin. perhaps we should listen to genuinely independent ppl who have no vested interest in anything!

CannyX wrote:

Rockmaninov wrote:In business reputation is everything Cans. A bit like showbiz. Consumer confidence is important. The success of any financial institution hinges on how much faith its patronage has in it.

If a bank is doing badly but people retain confidence in it, it will recover. If it doing quite well but malicious whispers (by rivals) say that it is going under, customers will desert it. Look at the run on Northern rock after there were whispers that they were losing money. OAP's queued round the block to grab their money. So they went under anyway.

that would be one of the reasons why gordon brown and co are always so keen to put a positive spin on things then. whilst the oppsoition are so keen to put a negative spin. perhaps we should listen to genuinely independent ppl who have no vested interest in anything!

The man in the street should listen to the (other) men in the street!!!

MickyMod wrote:

CannyX wrote:amazing, that in the midst of this recession, with businesses going under, 2 examples that have gone completely against the grain and done quite well:

1. goldmann sachs financial group announced huge quarterly profits last week. dunno what their secret is, but not only have they survived the global economic catastrophe, they have blossommed and flourished despite all the odds, in fact gordon has often gone cap-in-hand to borrow money off them!!

2. Apple has also announced eye-watering profits (in its sales of iphones and PC's), lucky devils! £1billion (1.67 dollars) in the 3months to september 2009. that is up 50% on the same period last year. £1billion is serious dosh. how did they do it, when everyone is supposed to be broke?

Goldman Sachs sold on shares from the government allowing the Bank of England to literally print more money Cans, at least i think thtas what happened, and ppl will always want the latest gadget, so it just a matter of finding a niche in the market.

oooh, i love your take on that MM.

i dread the time when all this money-printing by the BOE finally comes home to roost. if ordinary ppl did that we wd be charged with forgery. money printing literally devalues the value of of bank notes.

as for Apple, the point i am making MM is that they have done so much better than their rivals -microsoft, etc. what is their secret? mind you microsoft is fighting back -they are about to launch a new "exciting" windows operating system..

CannyX wrote:

MickyMod wrote:

CannyX wrote:amazing, that in the midst of this recession, with businesses going under, 2 examples that have gone completely against the grain and done quite well:

1. goldmann sachs financial group announced huge quarterly profits last week. dunno what their secret is, but not only have they survived the global economic catastrophe, they have blossommed and flourished despite all the odds, in fact gordon has often gone cap-in-hand to borrow money off them!!

2. Apple has also announced eye-watering profits (in its sales of iphones and PC's), lucky devils! £1billion (1.67 dollars) in the 3months to september 2009. that is up 50% on the same period last year. £1billion is serious dosh. how did they do it, when everyone is supposed to be broke?

Goldman Sachs sold on shares from the government allowing the Bank of England to literally print more money Cans, at least i think thtas what happened, and ppl will always want the latest gadget, so it just a matter of finding a niche in the market.

oooh, i love your take on that MM.

i dread the time when all this money-printing by the BOE finally comes home to roost. if ordinary ppl did that we wd be charged with forgery. money printing literally devalues the value of of bank notes.

as for Apple, the point i am making MM is that they have done so much better than their rivals -microsoft, etc. what is their secret? mind you microsoft is fighting back -they are about to launch a new "exciting" windows operating system..

"Exciting"? They always say that! Rubbish PR.

CannyX wrote:

MickyMod wrote:

CannyX wrote:amazing, that in the midst of this recession, with businesses going under, 2 examples that have gone completely against the grain and done quite well:

1. goldmann sachs financial group announced huge quarterly profits last week. dunno what their secret is, but not only have they survived the global economic catastrophe, they have blossommed and flourished despite all the odds, in fact gordon has often gone cap-in-hand to borrow money off them!!

2. Apple has also announced eye-watering profits (in its sales of iphones and PC's), lucky devils! £1billion (1.67 dollars) in the 3months to september 2009. that is up 50% on the same period last year. £1billion is serious dosh. how did they do it, when everyone is supposed to be broke?

Goldman Sachs sold on shares from the government allowing the Bank of England to literally print more money Cans, at least i think thtas what happened, and ppl will always want the latest gadget, so it just a matter of finding a niche in the market.

oooh, i love your take on that MM.

i dread the time when all this money-printing by the BOE finally comes home to roost. if ordinary ppl did that we wd be charged with forgery. money printing literally devalues the value of of bank notes.

as for Apple, the point i am making MM is that they have done so much better than their rivals -microsoft, etc. what is their secret? mind you microsoft is fighting back -they are about to launch a new "exciting" windows operating system..

I think i heard it on Newsnight or something mate.

It's about to get a lot worse.
If Washington were to pay off it's debts at a billion pound a day...it would take three and a a half thousand years.
Clearly an unpayable ammount so ...it is devaluing the dollar.
They are basicly defaulting on their debt to the world which efects every person on earth.
They have lived way beyond their means to the tune of trillions ...of our money.
This has kept much of the world impoverished as Americans use the worlds money and resources like a credit card.
They are now going to default on the debts ...rob the world blind in other words.
The Chinese Russians French and even the Sauds are now getting out of the dollar and calling for a new global currency.

This is why the economic situation is bad ...and about to get a hundred times worse.
After xmas ...the FEMA camps will be opening and the streets of America will be occupied by United Nations troops ...bet ya.
The extortion class at the top of the pile will ok though.
The middle class are finished.
Over to you Chronos ....

jack wrote:
After xmas ...the FEMA camps will be opening and the streets of America will be occupied by United Nations troops ...bet ya.

Over to you Chronos ....

Ill take that bet!

bottle of scotch?

A crate!