Are you worried yet.

Rwc13 said:

And here we go again. It seems that only you can be right about pretty much everything. Even when you aren’t.

In a democracy, others are entitled to express their opinions you know without you jumping in with your opposing opinion as if it’s fact - just because you read it on zerohedge. There are plenty of far more intelligent financial experts than you, me or the folk at Zerohedge out there that disagree with your view of the financial markets and Governments’ current approach to supporting them and the economy.

Click to expand...

dgmx5 said:

And so the next step in repeating the mistakes of te last century creeps in... isolationism becomes nationalism and then wars are not far behind.

Criticising a free press which, regardless of political persuasion, seem to be less than impressed by the government's handling is also worrying.

First it was certain broadcasters or newspaper titles were accused of bias on Brexit. Fair enough, that was a polarising subject and someone might feel the 'other' side were attacking them.

But this is a common challenge across the world, and certain countries or cultures are doing a better job.

Yesterday's graph (switched back from a logarithmic scale, consistency in presenting data is paramount unless you are trying to change the narrative) shows we are still closely following Italy and, thankfully, not as bad as Spain.

But why, given the warnings we had and the opportunity to act earlier and avoid this?

It may be true that lockdown was not necessary, follow Sweden's course to see if that may have been right.

Opposition parties have to find a balance between challenging and supporting the government.

The press should be free of such concerns but are pilloried by the public for daring to challenge the government's response.

What I can see is people having jobs after all this but poorer than before with the additional taxation they will bear and still no appetite to fairly tax businesses, particularly Amazon, Starbucks etc and the wealthy.

A tithe is simple... everyone pays the same share. Tax is not. The rich have sufficient headroom in their wealth to employ someone to discover loopholes.

And so the inequality going into this year will be even more pronounced at the end, and politicians will argue better to be poor than dead. Except economies need a poor underclass that knows its place to make money for others.

And the poor will be more resentful than they were after the GFC, and there will be no more immigrants to blame after Brexit for them being poor so they will point the finger at another country for them being poor. And wars will start.

And the wealthy will look on and allow this to happen because it serves their needs.

An earlier post said not to politicise this thread, to pull together behind our government and support it, yet it is acceptable to label other countries and regimes and not scrutinise our own?

Click to expand...

Saigon said:

My daughter has worked for the NHS for quite some time, she has obviously seen things and had to deal with things that she keeps to her self, tries to keep it all separate from her outside of work life. A couple of days ago I saw her really upset, not directly by the day to day grind, but by the attitude she experienced by hospital management. She complained on behalf of herself and others that they did not feel safe with the level of PPE they were being provided with. She was basically called a wimp and told that even if they were provided with an adequate amount of masks it wouldn’t make any difference anyway, they would still catch it. That’s great for the moral of those who are going the extra mile. I would not blame her or others if they just said, OK up yours, I’m going home to self isolate with my husband and kids. But they don’t, do they! It’s disgusting and hospital upper management need to get their act together. At the very least with moral support if nothing else.

Click to expand...

Rwc13 said:

Ok, well then I’m simply going to state that I believe you are totally wrong and we’ll politely agree to differ.

And the experts are the economists and academics that support what Government’s are doing and, in general, those that support a more MMT approach to central monetary policy. But we already know you think they are totally wrong too.

Click to expand...

lozcb said:

Unfortunately in a typically British stiff upper lip kind of way we are still playing Queensbury rules , it's time the gloves come off , as nasty a scenario as it sounds , other wise sheeple I'd brush up on your Mandarin ,ditch your Bible and start reading Mau .

Click to expand...

Wattie said:

Ok.
Mmt, the latest roll of the dice by those in charge whose prior debt based solutions all failed resulting in an emergency frenzy of money printing and a complete U turn from responsible budgetary money policy.

Hilarious, if trillions will fix it can we all just create a couple of hundred trillion tomorrow and be done with it.

Senator Thomas Massie on the Us bailout.
“If getting us into $6 trillion more debt doesn’t matter, then why are we not getting $350 trillion more in debt so that we can give a check of $1 million to every person in the country?”

Click to expand...

Phil the Brit said:

Care homes, Someone put me right if I am wrong here.
Most care homes are privately run places "for profit". My mums one before she died was near on £1500 per WEEK and that was a while ago.
So why on earth should British taxpayers have to fund all their PPE.
One woman on BBC this morning (who owns 14 care homes by the way) was crying out for the Government to get PPE urgently and free of charge.
Well, wasn't it her job to buy her own weeks ago?
It is just a cost of doing business surely?

Click to expand...

Phil the Brit said:

Care homes, Someone put me right if I am wrong here.
Most care homes are privately run places "for profit". My mums one before she died was near on £1500 per WEEK and that was a while ago.
So why on earth should British taxpayers have to fund all their PPE.
One woman on BBC this morning (who owns 14 care homes by the way) was crying out for the Government to get PPE urgently and free of charge.
Well, wasn't it her job to buy her own weeks ago?
It is just a cost of doing business surely?

Click to expand...

Rwc13 said:

Well MMT has been around a long time, since I think the 1970s so hardly the latest roll of the dice.

And the risk of printing unlimited money in an MMT world is inflation which you then have to control through taxation or reduced Government spending. So there is a balance to MMT policy as with any central monetary policy. You print the minimum money you need to keep the economy in growth

Click to expand...

Wanderer said:

And now MP's have voted themselves £10k extra for working from home. Speechless....

Click to expand...

Wattie said:

Sounds easy.
They’ll **** it up, inflation will abound.

Click to expand...

Rwc13 said:

And yet some Governments/EU have been adopting this kind of approach for around a decade and inflation in many countries has been kept at or near an all time low........

Click to expand...