If I were the landlord of multiple properties, retired down in the SW, I'd probably be somewhat indefferent to the plight of them nasty Brexit-supportin' working class ignorants as well. OK, I wouldn't, but I can see where the tone deafness comes from.

The economy is now nuked. You can't on one hand say "21 days to save the NHS - LEVEL 5!!! Time is critical!!" but on the other say: "oh cool, the Oxford vaccine just got approved - let's wait until the 4th to start using it".

Every day counts in the vaccine roll-out? Why weren't there needles in arms on the very day it was approved? They've been producing well in advance of approval, and we should have had an intensive rollout ready THE VERY SAME DAY.

I can guarantee that's what Israel would be doing in our position, and it shows: 14% of the population vaccinated.

Really! Maybe some shouldnt have cooked their books then.
If their tax returns were legit without dividends,loopholes,off shore and not declaring cash then they could claim their allowance. The self employed who work for someone who takes their tax arnt crying as their books are ok so they get the allowance. How come one man bands arnt able to claim in the same way?

My flats are full. When the estate agents shut their doors I turned my units over to the council who took full responsibility for them as they were desperately needed. I set the rents lower for this period.

I have an ex-prisoner in one, out on licence after a spell in a hostel. He served 14 years for murder.

In fact, the demand here has been very strong. Single people and couples without ties, who are being asked to work from home have been escaping the cities and the high rents and relocating to Cornwall. At least temporarily. Who knows what will follow.

For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.

In fairness, western debt became an irreversible problem a long time ago. This new pile on is just a drop in the ocean.

But, just like they print money, they’ll find a way to cook it all. Otherwise the alternative is Armageddon. And they won’t let that happen.

Did you know? 98.0000001% of people are morons.

Perhaps

Corporate debt is probably a bigger issue than government debt though.

Technically under the MMT model government debt is infinite

Firstly because they can simply print more forevermore, although not an ideal scenario. Secondly government debt is theoretically sustainable indefinitely if the interest rate doesn’t creep any higher than the growth rate of nominal gross domestic product.

I mean, obviously the debt clock is pretty ridiculous, and there are optical limits to how free flowing your spending should be. But ultimately there will always be a way out. Some of that is also a good reason why austerity was really a political rather than logical exercise. Again, technically, govt borrowing and debt is not finite under MMT. But politically it is, for sure.

Corporate debt tho...

Did you know? 98.0000001% of people are morons.

As I say you have faith.

As for me, I see a can kicked down the road...until the can overtakes road construction....then it's very ugly.

Rock a-bye, baby,
On the tree top,
When the wind blows,
The cradle will rock.
When the bow breaks,
The baby will fall,
Down will come baby,
Cradle and all.

As for governmental debt...you can't bet a house on a steady interest rate, especially in a globally interdependent world.

Let's just say that the elites of the last fifty years just haven't given a feck.

Edited by Stirlingsays (05 Jan 2021 1.14am)

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