SkyBlueDom26
Well-Known Member
Good news on the total cases today wasn’t it Mate, wasn’t it the lowest it’s been in a month?
Good news on the total cases today wasn’t it Mate, wasn’t it the lowest it’s been in a month?I would think the UK is more likely to be 5/6 weeks away but with some sort of return to work within that time for certain types of jobs.
What he doesn't get is the money created in wages then is spent inthe wider economy boosting that as well meaning that expands as well creating more jobs.Major infrastructure projects last years, sometimes decades. Look at Crossrail, Thames Tideway Scheme, HS2. Some long term socialist investment on a national scale is what’s needed.
Sorry but most of this is just word salad. And you’re still on about consumer debt when I’ve just said government spending to avoid consumer debt.
The Great Depression was a classic example of how to get out of a depression using stimulus spending, that’s what Roosevelt’s New Deal was! And no recovery took around 5 years, starting with the New Deal stimulus spending.
You’re trying to use the greatest example of the efficacy of Keynesian economics to disprove Keynesian economics!
You do understand that the Great Depression was a worldwide depression? It’s effects on manufacturing was devastating.No I’m really not again this is economic theory against reality - the depression and the subsequent building works were in a long ago time l - I know of several manufacturing businesses that are going under. I know of one business that’s employed people for over 30 years and had never laid people off in any economic downturn. Now it has had to and money is not coming in from creditors and fine costs have to be paid. It’s abnormally cash rich but will close in ten weeks time if this isn’t resolved due to associate product lags
we now line in a global much more service aligned economy and have debt mountains that you could never have imagined at that time - many European countries now have debt of 140% of its GDP
Perhaps you should write to the leaders and say this is basic economics lads and here’s a Great Plan. If it’s that simple I’d guess they’ve thought of it
You are the guy whose always been pretty kind of flippant about the debt haven’t you? I think? Your in my view in for a shock as this if it carries on will be with generations for a very king time
I am fascinated though if it’s basic textbook economics whose going to do what and how these dead business and all their supplies will just wake up Bobby Ewing style and it’s all a dream
He genuinely does not understandYou do understand that the Great Depression was a worldwide depression? It’s effects on manufacturing was devastating.
He genuinely does not understand
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Who said it was just manufacturing. You are aware of the Great Depression? You are aware of Roosevelts New Deal? Are you aware of how multifaceted it was? It included everything from banking to infrastructure to an end of prohibition.David and Tony the world has moved on from 1930’s economics and oddly the world now isn’t just manufacturing and even the most optimistic view then was a recovery within 5 years.
I do hope though that the likes of Johnson, Merkle, Macron etc are looking at this forum as they will be far more boosted by this and I’m sure will be ignoring those pesky economists and forecasters as we have Dave and Tone to solve everything with their stimulus plan. Trump may even mention you as “guys who know what they are taking about” in his next press conference
Mate he is an idiot.Who said it was just manufacturing. You are aware of the Great Depression? You are aware of Roosevelts New Deal? Are you aware of how multifaceted it was? It included everything from banking to infrastructure to an end of prohibition.
Strong correlation between time of lockdown and death count, same thread shows little relationship between population or population density (the more recent excuse from the right I’ve seen).
Strangely he mentions trump but they have already had 1 round of a universal income as I mentioned earlier. Once again he doesn't even know what he is talking about.Who said it was just manufacturing. You are aware of the Great Depression? You are aware of Roosevelts New Deal? Are you aware of how multifaceted it was? It included everything from banking to infrastructure to an end of prohibition.
His whole graphs are flawed and seem to me to be created to prove a conclusionBy the looks of it he says the metric used for pop density is number of major dense urban areas. I find this flawed. What if you have a large percentage of your population living quite rurally with one or two absolutely heaving metroplii? Of course there will be no correlation.
For that it needs to be looked at at a smaller scale, such as comparing different major cities to each other and against rural areas.Look at the UK graph. London top. WM second, NW third. Bottom is Devon and Cornwall. Who'd have thunk it.
If pop density has no effect why is social distancing such an important factor? If people live in high rises with shared entrances (which is going to massively affect pop density) it greatly increases the chance of infection.
I’m not actually sure what he thinks we should do other than a major stimulus package. That might be interesting if he can tell us what he thinks should happen because at the moment it seems to be sit around in the dark.Mate he is an idiot.
I've seen u-bends sharper than him.
Just point and laugh at him.
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It's still mainstream economics you fucking clown. It's still used today.
So you know fuck all about economics, we get that.
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So what would you do?As is the ability to devalue currency. I honestly think we should have a petition to get David as chancellor with Tony as his civil servant. Are you better qualified than the chancellor and yes I’m sure Mr trump would believe you which is why I mentioned him.
Yes mate it was much better so fingers crossed things are starting to improve a bit more quickly now but have to be prepared for more increases again in the coming days though I thinkGood news on the total cases today wasn’t it Mate, wasn’t it the lowest it’s been in a month?
No I’m really not again this is economic theory against reality - the depression and the subsequent building works were in a long ago time l - I know of several manufacturing businesses that are going under. I know of one business that’s employed people for over 30 years and had never laid people off in any economic downturn. Now it has had to and money is not coming in from creditors and fine costs have to be paid. It’s abnormally cash rich but will close in ten weeks time if this isn’t resolved due to associate product lags
we now line in a global much more service aligned economy and have debt mountains that you could never have imagined at that time - many European countries now have debt of 140% of its GDP
Perhaps you should write to the leaders and say this is basic economics lads and here’s a Great Plan. If it’s that simple I’d guess they’ve thought of it
You are the guy whose always been pretty kind of flippant about the debt haven’t you? I think? Your in my view in for a shock as this if it carries on will be with generations for a very king time
I am fascinated though if it’s basic textbook economics whose going to do what and how these dead business and all their supplies will just wake up Bobby Ewing style and it’s all a dream
No I’m really not again this is economic theory against reality - the depression and the subsequent building works were in a long ago time l - I know of several manufacturing businesses that are going under. I know of one business that’s employed people for over 30 years and had never laid people off in any economic downturn. Now it has had to and money is not coming in from creditors and fine costs have to be paid. It’s abnormally cash rich but will close in ten weeks time if this isn’t resolved due to associate product lags
we now line in a global much more service aligned economy and have debt mountains that you could never have imagined at that time - many European countries now have debt of 140% of its GDP
Perhaps you should write to the leaders and say this is basic economics lads and here’s a Great Plan. If it’s that simple I’d guess they’ve thought of it
You are the guy whose always been pretty kind of flippant about the debt haven’t you? I think? Your in my view in for a shock as this if it carries on will be with generations for a very king time
I am fascinated though if it’s basic textbook economics whose going to do what and how these dead business and all their supplies will just wake up Bobby Ewing style and it’s all a dream
This company you know- why would they have been expecting money to come in from their creditors?
Oddly because they are not getting any money from theirs snd are likely to default as it’s a cycle of non production so terms have to be extended and of course schedules of production become revised
Well, perhaps a start would be to retain more cash in the businesses rather than massive dividend payouts to the very rich shareholders that do fuck all except own a piece of paper. Thus reducing the need for the higher debt and reducing pressure from interest payments?
The business I am referring to has huge cash reserves compared to most of its size - it pays no dividends as it’s a private limited Company - again reality over theory
You are aware of what a ‘creditor’ is, right? You might want to check your basic definitions.
The business I am referring to has huge cash reserves compared to most of its size - it pays no dividends as it’s a private limited Company - again reality over theory
Whatever I’m mean credit in the balance sheet I forgot you are an accountant.
Private limited companies still can (and often do) pay dividends to it's shareholders. Plus if that one has large cash reserves compared to others doesn't it just highlight the problem.
Just checked and apparently in the Great Depression the UK’s national dept was running at 180%.and have debt mountains that you could never have imagined at that time - many European countries now have debt of 140% of its GDP
Do you mean debtors?Oddly because they are not getting any money from theirs snd are likely to default as it’s a cycle of non production so terms have to be extended and of course schedules of production become revised
Do you mean debtors?
Private limited companies still can (and often do) pay dividends to it's shareholders. Plus if that one has large cash reserves compared to others doesn't it just highlight the problem.
By the looks of it he says the metric used for pop density is number of major dense urban areas. I find this flawed. What if you have a large percentage of your population living quite rurally with one or two absolutely heaving metroplii? Of course there will be no correlation.
For that it needs to be looked at at a smaller scale, such as comparing different major cities to each other and against rural areas.Look at the UK graph. London top. WM second, NW third. Bottom is Devon and Cornwall. Who'd have thunk it.
If pop density has no effect why is social distancing such an important factor? If people live in high rises with shared entrances (which is going to massively affect pop density) it greatly increases the chance of infection.
No no I’m not trying to pick fault, you mean debtors- this is obviously a topic of interest for me. I’m the ‘bean counter’ for a company that manufactures modular housing units for construction at sites in London, I’m kind of living these very issues. I’m no economist so I don’t have the answers but I do know the problems- I would suggest that this is going to have an impact for 5 years minimum. In my own circumstances it’s the supply chain- the subcontractors, the suppliers, they’re getting wiped out and there’s nobody to replace them and it’s like a domino effect.
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