Now that was well said.

I do get the bit about interference with private sector pay deals, but they made themselves quasi-publicly owned with the cap-in-hand.

I saw at first hand how the government had to slash public spending to beyond the cutting of fat, to beyond the cutting of meat, but to hacking deep into the bone in order to fund that hand-out.

And it wasn't just the septics. Our banks were knee deep in sub-prime.

I always wonder quite why Clinton gets away from the criticism over sub prime because as I remember it he was the guy who forced the financial institutions to lend to the insolvent back in the ninties....which started that form of nuttery.

I agree, I don't think anyone has really recovered from 2008, it's impacts are still with us....When Owen (who I respect) talks about repayment from a UK respective we have to realise that modern economies are that much more global today (but who really benefits?) and everything works off the US dollar (currently)....the consequences of 2008 ended the possibility of the west ever paying anything back.....That itself leads onto unpleasant consequences that everyone is going to be made to live with. The UK's own debt levels both governmental and corporate are...I'm told, in the same unpayable wheelhouse.

I don't think anyone should be tipping their hat to that.

Edited by Stirlingsays (27 Sep 2022 11.58am)

'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

We are now really moving forward as a nation things are really on the up.

Interest rates up
Bond rates up
Inflation up
Fuel bills up
We are becoming more attractive to foreign tourists as the pound is now worth far less meaning they get more for their currency

We are doing more for low incomes by allowing more money to trickle down to them.

And all these success in a few short days.

Amazing!

I expect that Truss will try and divert attention away from her economic policies by talking about cheese and pork again

.

Edited by cryrst (27 Sep 2022 7.42pm)

I would never have guessed you were on the 1922 committee, you learn something every day.

I am not qualified to make a forecast on where the economy will be in a month/ 3 months / 6 months.

It's all guesswork at the moment as the situation is so fluid.

If wholesale gas prices fall then the borrowing requirement falls etc, who knows what the Fed will do in terms of interest rates.

It is rather dog in the manger for the Truss haters to hope the economy gets worse so they can go into I told you so mode.

At least energy bill catastrophe has been averted for now.

And so far nothing from the Labour conference on the economy other than We're not them , no costings only jargon around ,better, fairer, etc etc

Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance.