RE: my ups and downs, hope they continue22 Jul 2020 01:57
The European settlement of grants and loans is only part of the equation - somebody said that value is hard to find in the current stock market.
Why wouldn't be - with so few opportunities for genuine investment - what we finish up with is a shrinking economy and poorer wages that will act like a slow puncture when it comes to growing the economy.
We've spent too long under the guidance of the bean counters as they chopped lumps out of industries whilst extolling the virtues of cheaper and cheaper labour wherever it could be found which has resulted in investments being in products that compete with existing products and brands and fierce and cut throat competition which in turn impacts quality and choice.
The rag trade would be a very good example of this, manufacturing has migrated to a number of "Cooly Economy's" where competing "BRANDS" are manufactured in the same factory, as are many televisions in Turkey.
Over the last forty years we have been forced down this route by our one-time "Masters of The Universe" as they played for higher and higher stakes in what seems to me to have been little short of a game like Roulette.
Shopping Centres and University's have been built or enlarged on a foundation of ever increasing debt, what is left of the useful economy is expected to provide the jobs that will repay ALL this debt and in turn produce a profit for the banks.
Whilst there are opportunity's for worthwhile investment our "money men" do not very good at discovering them - probably because they want a high percentage return over too short a period. This was fine whilst they were plundering existing economy's and pension funds and exporting lots of jobs to China and anywhere that they could find cheap labour to produce goods that were sold at very good margins through all the wonderful shopping centres that were built - UNTIL Phillip Green and the like eroded those margins and the race to the bottom started.
I have been banging on about change for years - it has never been more wanted - what have the UK done about it NOTHING, preferring to opt for Brexit now that greatness has been re-discovered.
This has been reduced again to the status of a penny share which I do not see altering over the next couple of years.
Good luck all and to our friend playing "Shove Halfpenny" - just like the City with our money....and then charging us for looking after it.
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