- This topic has 20 replies, 10 voices, and was last updated 17 years, 5 months ago by
.
- Posts
Why not print and give everyone a gift of £2000 only to be spent in the UK.
Id spend it like a shot, Go racing somewhere,travel 1st Class,stay in a decent Hotel and arrange for two ladies of a discerning nature to help me get off to sleep.
It’s my belief that we have yet to see the worst, much much worst, of the effect of recent events. Print all the money you want, sponsor as much public works as you want, bail-out the banks indefinitely if you want. These are only temporary fixes to keep things ticking over in this Country. However, the real test is how do we get out of this mess and reduce the public debt. The only way is to export goods and services to other Countries and get their money. This is going to be nigh impossible. We have little or no manufacturing base of note and are our goods sufficiently cheaper than others that anyone else would find them attractive to buy? Our service sector was mainly in the financial markets which is now in the gutter. Anything we could export can now be purchased from the likes of India or China at a fraction of the labour cost. The impact of the huge working populations of China and India means that they will become the dominant forces in World economics. My prediction is that before the end of the next decade the weaknesses of Western economies compared to Asia and oil-rich nations will result in major political turbulence beyond our darkest imagination.
I have yet to hear an economist produce a reasoned account of human behaviour that sounds anything like any human I know. Seems to me that understanding human behaviour should be paragraph 1, page 1 of the economics text books instead of all those silly graphs.
I think in future, newspaper economists should be published on the same page as the horoscope and the tips of one M Winstanley. Watching various American business channels, it is hilarious to see a panel of tough-talking, be-suited imbeciles fumble about in the dark when asked either to predict what could happen next or to explain what is happening now. That’s why they run all those numbers at the bottom of the screen to scramble your brain.
And if I ever ever hear Robert Peston again, it will be far too soon. Sometimes Radio Four seem to be running a campaign to get as many people to turn off as possible.
Watching various American business channels, it is hilarious to see a panel of tough-talking, be-suited imbeciles fumble about in the dark when asked either to predict what could happen next or to explain what is happening now. That’s why they run all those numbers at the bottom of the screen to scramble your brain.
And if I ever ever hear Robert Peston again, it will be far too soon. .
Come now. Brash gentlemen who wear red braces over double-cuff shirts, inhabit minimalist black-and-chrome offices on the 55th floor of a glass tower and can utter "credit default swap derivatives" whilst keeping a straight face, just
have
to be taken seriously.
I’ve no confidence he knows what he’s talking about but I actually quite like Peston, if only because he’s the antithesis of the polished broadcaster. The ideal fellow to follow in the footsteps of Peter Jay who would rattle off thirteen-to-the-dozen the minutiae of advanced economic theory to a bewildered nation, in the manner he would if lecturing Ph.D students…
…and he got it all a-over-t most of the time too
- You must be logged in to reply to this topic.