Recovery, what recovery?

[BigJimLittleJim]

business does seem to be on the up

slightly

but not enough to get excited about

rich people probably feel richer as usual

the rest of us can't see any difference

meh

I think this is about right, things are 100% on the up, particually from 5 years ago. I don't seem better off though as we are still playing catch up, the fact we are actually catching up though proves things are better. for the rich of our society it wont have been tough at all, never will be.[/quote]


Amen to that brother :)

 

[Bodicoteblue]

very nice. so assuming the tories had no part to play in the last labour government, who caused the recession that almost broke the country then?

*whistles*

Bankers and fatcats, the one's who really run the economy bollocksed up, and we're paying for it - and they're Tory blue bloods thru and thru - they love a nice recession, because they get to hoover up all the bankrupt properties and businesses for fuck all.

The bankers' bollocks-up was investing in the sub-prime mortgage market - ultimately people borrowing money with fuck-all intention of paying it back. The fault lies mostly with the scroungers.

Which scroungers are those ?
Could they be the multi-nationals who make huge profits then set up schemes to avoid paying back their dues in taxes?
Scrounging on a pretty grand scale I think.
Could they be the bankers to whom you refer?
Yes they invested ( our money , they don't have any except for that which we pay in and which they invest) in sub - prime mortgages because they thought , in their greed and stupidity , that they were going to make tidy profits.
Then when it goes down the pan, they come cap in hand for more of our money to replace the enormous sums they have blown away, and of course we pay up and before you know it , million pound bonuses are back - drinks all round chaps!!
Scrounging on a grand scale again .
Interesting parallel - these mortgages were sold to people who far from having "fuck all intention of paying it back" actually never really had the wherewithal to pay them back . A simple check by the lenders would have shown that , but they went on persuading some not very bright people that it was a good thing. Of course the lenders knew what high risks they were taking , which is why they attached huge interest rates to the loans.
Sound familiar? Every day on TV and radio , you can see and hear adverts for loans at huge interest rates for high risk loanees. Some people need to borrow money at up to 2,000% interest to put food on the table.
How are they going to afford a home at the time of a house price boom( on which the Tory economic "recovery " is built)
Simple ! Offer them mortgages at huge interest rates which they will not be able to pay back!
That sounds familiar indeed . Sit back and watch history repeat itself!

 

[117 M34]

Through-out the whole of this ''financial crisis/crash/recession/depression'' there have been record sales of luxury motors, supercars, yachts and just about all other forms of high-end designer goods, with manufacturers reporting sales figures far exceeding the ''boom times'' of the 80's and early 2000's.

Good job we're all in it together.

What do you want the multi-millionaires to do? Buy 2nd hand fiestas to make everyone else feel better?

Who are you blaming for them for them buying expensive items? from the 'we're all in it together' comment, I presume it is Cameron's fault that some people are buying things that the majority of us can't afford?

 

[BigJimLittleJim]

Through-out the whole of this ''financial crisis/crash/recession/depression'' there have been record sales of luxury motors, supercars, yachts and just about all other forms of high-end designer goods, with manufacturers reporting sales figures far exceeding the ''boom times'' of the 80's and early 2000's.

Good job we're all in it together.

What do you want the multi-millionaires to do? Buy 2nd hand fiestas to make everyone else feel better?

Who are you blaming for them for them buying expensive items? from the 'we're all in it together' comment, I presume it is Cameron's fault that some people are buying things that the majority of us can't afford?

I think he is highlighting the inequalities regarding paying off the national debts - the rich are not paying their fair share, as their standards of living are rising when the majority have falling living standards.

It's all about fairness and equality, and knowing when you're being screwed, conned, demonised and generally taken for a bunch of lacky mugs.

 

[m7mcfc]

Extreme private wealth inequality is a fact of economic life in most countries. The U.S. is a prime example. The top 1 percent of wealth holders own almost 40 percent of all wealth. And the top 10 percent hold almost 90 percent.

It's the world we live in I am sorry to say. I don't know what the figures for the UK are.

 

[m7mcfc]

Through-out the whole of this ''financial crisis/crash/recession/depression'' there have been record sales of luxury motors, supercars, yachts and just about all other forms of high-end designer goods, with manufacturers reporting sales figures far exceeding the ''boom times'' of the 80's and early 2000's.

Good job we're all in it together.

What do you want the multi-millionaires to do? Buy 2nd hand fiestas to make everyone else feel better?

Who are you blaming for them for them buying expensive items? from the 'we're all in it together' comment, I presume it is Cameron's fault that some people are buying things that the majority of us can't afford?

Fiesta Supersport and then you'd be talking.

 

[Tuearts right boot]

Through-out the whole of this ''financial crisis/crash/recession/depression'' there have been record sales of luxury motors, supercars, yachts and just about all other forms of high-end designer goods, with manufacturers reporting sales figures far exceeding the ''boom times'' of the 80's and early 2000's.

Good job we're all in it together.

Look on the bright side,most of the above goods are manufactured in the UK and that means work for the highly skilled men and women that design, produce and sell plus the knock on effect to other businesses. Why do people fucking moan when something good is happening.

 

[Gabriel]

Extreme private wealth inequality is a fact of economic life in most countries. The U.S. is a prime example. The top 1 percent of wealth holders own almost 40 percent of all wealth. And the top 10 percent hold almost 90 percent.

It's the world we live in I am sorry to say. I don't know what the figures for the UK are.

Inequality exists in all countries, yet the UK chooses to emulate the US model, which leads to the very, very few doing extremely well at the expense of the very, very many.

Excellent podcast here on the end of the pay rise that highlights quite how bleak it has become.

http://www.bbc.co.uk/podcasts/series/analysis

 

[Bodicoteblue]

Through-out the whole of this ''financial crisis/crash/recession/depression'' there have been record sales of luxury motors, supercars, yachts and just about all other forms of high-end designer goods, with manufacturers reporting sales figures far exceeding the ''boom times'' of the 80's and early 2000's.

Good job we're all in it together.

Look on the bright side,most of the above goods are manufactured in the UK and that means work for the highly skilled men and women that design, produce and sell plus the knock on effect to other businesses. Why do people fucking moan when something good is happening.

Any economic activity should be welcomed , every little helps ( coincidentally the slogan of another business with less than transparent tax arrangements) , but I think the essence of what Jacko was saying was that the concept of us all being "in it together" was then and still is today ,total bullshit