Dermot Walrusson

I think this mini recovery in the economy is running out of steam.
The US might be recovering, but they make things there.

According to one TV report, there are fewer container ships bringing imports to our shores and, more tellingly, they are leaving almost empty, or loaded with empty containers.

People are not finding it any easier to get on the housing ladder. The only thing that has propped up house prices is the big reduction in people forced to sell their houses - saved by the big cuts in interest rates.

So, when the real recovery comes, will britain be part of it?

Patman Post

Do we make containers? Just a thought.

bettyfjord

Well, since the torys sold off all of our industry and manufacturing we should really think NO! However, I think we should be optomistic. Although admittedly I don't know why! Except that Brown is a better economist than Osborne could ever hope to be. In God we trust, and all that!

Patman Post

Just two points why you'talking tosh:

1. Brown raided the UK's pension funds by £5bn a year to turn the UK pensions industry from the world's most secure into one scrubbling around in the mire with all the other also rans. This not only puts many current and future pensioners into poverty, but also cuts off British industry from a useful source of much needed funds.

2. He sold off the UK's gold reserves at around the bottom of the market. Gold's now at an all time high and would have been very helpful at this time.

Face it, the guy's a jinx.

bettyfjord

We all have our bad days, but I think on point 1 you could look up your facts and learn a bit more. Point 2, taken. however hindsight is a marvellous thing! Some company has set up stall in our local mall, and a burglary type chap was there the other day selling ear rings and the like R 9.30 AM and I thought "hrmmm".

What I do know, is that in 6 months Brown will not be sat in the same seat selling off Sarah's gold because A) she ain't Cherie and B) he probably is jinxed! But he's still a good guy!

Patman Post

Care to give us your take on the benefits Brown has brought to the UK pension industry?

Before he meddled, Britain had the strongest pensions industry in Europe.

Dermot Walrusson

Coming back to this thread in Jan 2010, it looks like the property market recovery is faltering too.

Patman Post

It can afford to falter. Property was one of the most over-priced and over-hyped sectors of the last decade or more. Bringing it down to a sustainable level will be painful for some, but it will eventually allow more equal entry to the market place.

As for the wider economy, who knows? Advertising and marketing activity seems to have picked up over the last few months - usually an indicator, but these are uncharted waters

oswald

thought it where the Peter Barlowe theard.......

Miss JAMODI

So much for capitalism and free markets eh? lol....

Death of capitalism....print more money is the govt's solution.....

Socialism is truly alive and kicking...from banks to hospitals.