Global Economy....

Fiagai

Fiagai

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Worried.

I know that there are many factors both natural and human that are currently affecting global economics. However I am coming to the conclusion that we are on increasingly shakey ground. I have been watching commodity prices - fuels, foods, metels all of which have gone into an exponential price rise LINK.

Looking at the 30 year range is especially worrying at the moment. Just wondering what comes next.....
 
Fiagai said:
Worried.

I know that there are many factors both natural and human that are currently affecting global economics. However I am coming to the conclusion that we are on increasingly shakey ground. I have been watching commodity prices - fuels, foods, metels all of which have gone into an exponential price rise LINK.

Looking at the 30 year range is especially worrying at the moment. Just wondering what comes next.....
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we accept a lower standard of living for a while, work a little harder and hopefully the present goverment will stick to there guns and cut a bit more of the welfare and public sector budget.... the books will balance and things will improve
then idiots will vote labour in again and the same sorry mess will repete.....
 
slinkyunicorn said:
What comes next is rapid inflation and rapidly rising interest rates - 18% on your mortgage anyone?:confused::o
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Hm maybe and hope not !!!! but it could be one way to get rid of the debt . hopefully they wont screw up with a mistake like when we joined the ERM...I think things are going the right way and hopefully the budget will give a positive message to business IE if you have a go we wont screw you
so we see wealth and jobs created again ...
 
perfect11s said:
we accept a lower standard of living for a while, work a little harder and hopefully the present goverment will stick to there guns and cut a bit more of the welfare and public sector budget.... the books will balance and things will improve
then idiots will vote labour in again and the same sorry mess will repete.....
Click to expand...

I don't think the colour of a domestic government will affect the global economy, which is seeing a rise in food and commodities at the current time. Increased demand in places like China and India are probably fuelling the demand and higher prices.

On a domestic note, I see little blue water between any of the parties and the financial crisis which has cleaned out the bank balances of most European countries has its roots way back in de regulation of the financial sector in the Thatcher years, which was allowed to carry on ever since.

Cutting huge amounts from the Public Sector budget with have a severe and catastrophic effect on lots of small and medium sized businesses who derive massive amounts of work from the Public Sector. Welfare payments to the workshy are really a side issue trotted out to appease the less astute. Unemployment payments will inevitably rise as Public and Private sector downsize and make more and more people redundant.

We have already seen a slow down in the economy as the cuts have started to bite, and putting this down to snow in December really is taking the 'P'. Osborne has pinned a lot of his calculations on an export market which doesn't really exist at the present time at the capacity he wants and needs.

I think that now is the right time to ask for efficency savings across the whole of the Public sector which really has got out of kilter with rises in the pay and conditions in middle and upper management. The normal solution of getting rid of a few bin men and cleaners, will not be enough on this occasion to boost the economy and investment in the Public Sector in capital projects would benefit the private sector more.
 
AndySpooner said:
I don't think the colour of a domestic government will affect the global economy, which is seeing a rise in food and commodities at the current time. Increased demand in places like China and India are probably fuelling the demand and higher prices.

On a domestic note, I see little blue water between any of the parties and the financial crisis which has cleaned out the bank balances of most European countries has its roots way back in de regulation of the financial sector in the Thatcher years, which was allowed to carry on ever since.

Cutting huge amounts from the Public Sector budget with have a severe and catastrophic effect on lots of small and medium sized businesses who derive massive amounts of work from the Public Sector. Welfare payments to the workshy are really a side issue trotted out to appease the less astute. Unemployment payments will inevitably rise as Public and Private sector downsize and make more and more people redundant.

We have already seen a slow down in the economy as the cuts have started to bite, and putting this down to snow in December really is taking the 'P'. Osborne has pinned a lot of his calculations on an export market which doesn't really exist at the present time at the capacity he wants and needs.

I think that now is the right time to ask for efficency savings across the whole of the Public sector which really has got out of kilter with rises in the pay and conditions in middle and upper management. The normal solution of getting rid of a few bin men and cleaners, will not be enough on this occasion to boost the economy and investment in the Public Sector in capital projects would benefit the private sector more.
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It might benifit some in the private sector, but not the economy. We have got to sell something to the rest of the world not to ourselfs.. the public sector just spends money it does not produce anything , apart from services to maintain the country ...
 
Some Interesting points on the domestic situation...
However I think what I am seeing out there in the global markets for commodities etc is somewhat different to what is going on at a local level. Of course what happens globally does have an huge effect on an individual countries economy and we have been through bad ecomic times before but watching the recent huge surge in the markets recently has really got me thinking...
 
perfect11s said:
It might benifit some in the private sector, but not the economy. We have got to sell something to the rest of the world not to ourselfs.. the public sector just spends money it does not produce anything , apart from services to maintain the country ...
Click to expand...


True that we need to trade, but this is never achieved from a weak domestic base. The manufacturing base here has changed and exports are the weakest part of our economy unlike Germany for example which has a strong manufacturing industry producing quality products for domestic consumption as well as export.

I firmly believe that the political systems and process in the UK is now detrimental to every aspect of the UK society. It is based on party before country, ideology before society.

The UK will fall lower and lower in world ranking as we fail to afford the commodities which through scarcity and demand become more and more expensive.

We have allowed the vested interest of multi national companies to smother innovation in which we once excelled.

We have made millionaires of accountants who legally cheat the tax system of the country.

We are in a sorry state where massive wealth and abject poverty are cheek by jowel.
 
AndySpooner said:
True that we need to trade, but this is never achieved from a weak domestic base. The manufacturing base here has changed and exports are the weakest part of our economy unlike Germany for example which has a strong manufacturing industry producing quality products for domestic consumption as well as export.

I firmly believe that the political systems and process in the UK is now detrimental to every aspect of the UK society. It is based on party before country, ideology before society.

The UK will fall lower and lower in world ranking as we fail to afford the commodities which through scarcity and demand become more and more expensive.

We have allowed the vested interest of multi national companies to smother innovation in which we once excelled.

We have made millionaires of accountants who legally cheat the tax system of the country.

We are in a sorry state where massive wealth and abject poverty are cheek by jowel.
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yes tend to agreeI about the main partys, the terrible thing is how they are so in love with the EU
and all seem happy to send millions of pounds daily and get red tape and buercratic tripe back... mind I supose no wonder when you look at how well they do out of it when they are finished here.. example is kinock and his wife but there are hundreds like them on the brussels gravy train .. the other thing that will bite us on the ass is the current obsesion with climate change and all the stupidity that is being subsidised for what is basicly a big con ....
 
Fiagai said:
Some Interesting points on the domestic situation...
However I think what I am seeing out there in the global markets for commodities etc is somewhat different to what is going on at a local level. Of course what happens globally does have an huge effect on an individual countries economy and we have been through bad ecomic times before but watching the recent huge surge in the markets recently has really got me thinking...
Click to expand...
Basicly we are being left behind by china and india who have a huge requirement for raw materials as they expand at a record rate... hence steel, oil, minearal etc prices are surging, our western economys are slipping and we are in a downward spiral at the moment ....
 
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