Oh wids I do wonder where you get some of your "economic" ideas from, you dear old fool. According to you everything is going to crash the economy - low rates, high rates, cheap oil, expensive oil, brexit, China, the fed, this, that, the other - as if the world economy and fiat money haven't been a giant Ponzi scheme since the end of WW1. Yes it's all a house of cards, it's always been a house of cards, but it will always defy logic and common sense because it is a human construct and we will always make it worse. Your daily chicken little cries of "The sky is falling, the sky is falling" are amusing, but the truly funny thing is you are profoundly missing the crucial point of it all: money does not exist.
Harkin - normalisation of interest rates is not good for anyone, including banks and governments, unless you mean crashing the economy's is good. Increased debt, defaults, recessions would result. Look what happened to the last quarter point FED rise.
Hi Bruce, thanks for the reply. I agree with you about the short contracts and they should be challenged. In fact, Britain is at the forefront of promoting these types of contracts because they provide UK Gov with the ability to say it is increasing jobs . I have the same view with zero hours contracts. These contracts should never be allowed and ought to have been challenged legally BUT I am afraid it is only the Unions who have the ability to do it , as Individuals generally do not have the funds, or the experience to mount a legal challenge. Yo say nothing of the years of Appeals etc involved. The fact that over successive years governments have allowed them to creep in to UK law in unforgivable (including labour governments). Sadly, the only way to challenge them now is via the EU , as UK courts are very anti workers rights ( I have some experience in this area). Having said that, I find the agreement that has been made with Turkey, reprehensible and it does not make me want to vote to remain, IF this is the future for the EU. The problem as I see it, is not the fundamental principle of the EU but that it has allowed anyone to join their 'club', regardless of credentials, which has led to it's current , difficult position. I firmly believe that if Britain left and possibly others followed, you would be left with an EU formed of eastern countries , who would create their own version of the EU. After all, there is far too much money involved in the existing EU for it to disappear completely. How would we fare with an EU formed from eastern bloc countries and a 'Donald' running the USA, with his nationalistic approach to Diplomatic and commercial interests ? I don't have any answers BUT I do know that I am financially much much worse off after Cameron, Osborne et al running the country . He has greater interests in assisting big business than he does in helping the average UK citizen. It is always easier when people are not feeling as well of as they have been to promise that the grass will be greener if you vote for me (the typical nationalistic mantra) , unfortunately it rarely is. One thing is for sure, we will have another 2 months yet of arguments and PR campaigns by both sides promoting their view. I only hope, that we are provided with the correct details to make an informed decision, rather than an emotional one. At the moment emotion seems to be ruling the day. GLA
No difference if we leave. Here in Italy the unemployment figures are fudged. Unreal jobs are created for young people who are paid €500 per month by the state but only for 1 year. They are therefore off the unemployment figures and the employers do not have to pay. On another tack people working as ground staff at Perugia airport have short contracts, no pension, no job security. And this is just Italy, in effective recession since the advent of the €. I am very confident that Brexit will be a breath of fresh air. Of course the Lloyds. SP will not fall much. Their business is not much overseas and they do not have an investment arm now. I remember when the Falklands War started Ibet the office manager of the IFA practice that the FTSE100 would increase 50 points on the day war was declared. All the pundits said it would crash. In the event it went up 49.8 and he would not payout. But it was a moral victory I think
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