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Sara G
Posted: 07 July 2017 18:20:02(UTC)
#1

Joined: 07/05/2015(UTC)
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If anyone is alarmed by the prospect of a wave of indiscriminate spending and (further) soaring debt, this petition may be of interest...

https://www.change.org/p...s-of-the-united-kingdom

I have signed it. A token gesture I realise, but good to know that at least 1,622 others feel the same way!
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2 users thanked Sara G for this post.
Kenpen2 on 09/07/2017(UTC), jvl on 10/07/2017(UTC)
jeffian
Posted: 07 July 2017 18:46:03(UTC)
#2

Joined: 09/03/2011(UTC)
Posts: 954
I take it you're not a Corbyn supporter then?!
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Sara G
Posted: 07 July 2017 20:27:52(UTC)
#3

Joined: 07/05/2015(UTC)
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jeffian;48606 wrote:
I take it you're not a Corbyn supporter then?!


...more of a Centrist with libertarian leanings according to the online quiz I completed! ;)
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john_r
Posted: 09 July 2017 19:01:53(UTC)
#4

Joined: 18/06/2010(UTC)
Posts: 278

Governments need to show true responsibility rather than play lip service to facebook armchair politicians.
Definitely not for me.
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Jon Snow
Posted: 09 July 2017 23:37:45(UTC)
#5

Joined: 02/03/2014(UTC)
Posts: 1,172

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The kids don't care though, they don't care about globalisation, offshoring, downsizing, robotics, debt, deficit, GDP etc.

They don't have a stake in the game we (on Citywire) play, they have high expectations and a culture of instant gratification.

30 years ago (when I was a kid) we got short shrift from the older generation, admittedly we had no Uni fees (County minor scholarship in my case, whatever that was) and affordable house prices and job stability and free dentistry/eyecare.

The world has changed and the game has changed, social media and Corbyn etc are just a lightning rod for their pent up frustration.

I don't think we can just ignore it.
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1 user thanked Jon Snow for this post.
Tim D on 10/07/2017(UTC)
King Lodos
Posted: 10 July 2017 07:19:37(UTC)
#6

Joined: 05/01/2016(UTC)
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I actually suspect (consciously or unconsciously) what the hard left *really* want is to tank the economy .. Because only once we've convinced everyone Capitalism doesn't work will we accept 'real revolution'.

The global financial crisis should've been a warning against debt, and against social engineering (part of the reason there was a subprime crisis is because democrats launched legal action against at least one large bank in the early-90s to force them to lend to less credit-worthy people).

Instead, thanks to the left's overrepresentation in the education system, it's been marketed as evidence capitalism doesn't work – and many economics students today are being taught Marxism instead on those grounds .. I find it very hard to believe Corbyn doesn't know perfectly well what happens to economies which implement his policies.
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8 users thanked King Lodos for this post.
Guest on 10/07/2017(UTC), Sara G on 10/07/2017(UTC), john_r on 10/07/2017(UTC), Tim D on 10/07/2017(UTC), jvl on 10/07/2017(UTC), Lemanie on 10/07/2017(UTC), Jon Snow on 10/07/2017(UTC), alex1490 on 13/07/2017(UTC)
sandid3
Posted: 13 July 2017 07:03:25(UTC)
#7

Joined: 18/02/2013(UTC)
Posts: 651

Thanks: 450 times
Was thanked: 939 time(s) in 385 post(s)
It looks like Canada's economy could be the first domino to fall to rising interest rates:
Quote:

If you think Canada is screwed, spare a thought for Australia!
https://www.macrobusiness.com.au/2017/07/think-canada-screwed-spare-thought-australia/

Last night Canada hikes interest rates into its increasingly troubled housing correction as growth motors along nicely. Zero Hedge used a few charts from Deutsche to declare “Canada is in trouble”:

Some time ago, Deutsche Bank’s chief international economist, Torsten Slok, presented several charts which showed that “Canada is in serious trouble” mostly as a result of its overreliance on its frothy, bubbly housing sector, but also due to the fact that unlike the US, the average household had failed to reduce its debt load in time.
...charts...
You may not accept the premise of the argument that Canada is in trouble but if you do then Australia is screwed!

Canada and Australia were the two economies that escaped the GFC but they are now both suffering from a massive property bubble/Ponzi and massive personal debt.
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1 user thanked sandid3 for this post.
Spartacus on 14/07/2017(UTC)
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