£ 900

[Jefferson Starfish]

I think the point is Milly no-one has all the answers or any inside knowledge on the financial situation especially you.

You're making decisions based on what you think is happening which is fine for you but you're lecturing others on your personal take which is not only dull, it's possibly bad advice.

You only have to look at the way experienced and trained people in the field of economics are jumping from one position to another to know that a postie on RMC does not have the answers. They're not doing it because they're thick or part of a deep conspiracy but because the situation is fluid.

It's fairly easy to see the direction of travel when our economy doesn't generate enough wealth to pay for it's liabilities.
More financial repression is on the way
You still can't seem to post anything without resorting to personal attacks .

I don't really agree with a lot of what you say Milly, but what you say about WG is very true. Personally I can't decide if he's a bully or a troll, his only form of 'discussion' seems to be to attack!

[Woody Guthrie]

Personally I can't decide if he's a bully or a troll, his only form of 'discussion' seems to be to attack!

The difference is I'm attacking Milly's position whereas you are simply attacking me.
Who is trolling/bullying in this situation?

[renrag40]

A little learning is a dang’rous thing;
Drink deep, or taste not the Pierian spring:
There shallow draughts intoxicate the brain,
And drinking largely sobers us again.

Alexander Pope
‘An Essay on Criticism’

To err is human
To forgive divne.

[milly]

Personally I can't decide if he's a bully or a troll, his only form of 'discussion' seems to be to attack!

The difference is I'm attacking Milly's position whereas you are simply attacking me.
Who is trolling/bullying in this situation?

I'm afraid you never come back with counter arguments, you just start waffling about things that are not germane to my hypothesis.

[Jefferson Starfish]

Personally I can't decide if he's a bully or a troll, his only form of 'discussion' seems to be to attack!

The difference is I'm attacking Milly's position whereas you are simply attacking me.

And you're totally innocent of that? I think not!

[Woody Guthrie]

Personally I can't decide if he's a bully or a troll, his only form of 'discussion' seems to be to attack!

The difference is I'm attacking Milly's position whereas you are simply attacking me.

And you're totally innocent of that? I think not!

I don't jump on a thread without attempting to engage in the topic simply to call someone names.
For some reason only you will know you felt the need to.
It might be something you want to address or perhaps not.
Personally I couldn't care less.

[clashcityrocker]

https://www.msn.com/en-gb/money/other/b ... 32be&ei=16

Britain could go bust as national debt is now bigger than the entire economy.
It is the Daily Express. It must be true.

[milly]

https://www.msn.com/en-gb/money/other/b ... 32be&ei=16

Britain could go bust as national debt is now bigger than the entire economy.
It is the Daily Express. It must be true.

Regardless of what your perception is with regard to the Daily Express , tell me why the UK isn't going bust?
Things look pretty dire to me but I'm keen to hear your thoughts on the topic.

[renrag40]

https://www.msn.com/en-gb/money/other/b ... 32be&ei=16

Britain could go bust as national debt is now bigger than the entire economy.
It is the Daily Express. It must be true.

Regardless of what your perception is with regard to the Daily Express , tell me why the UK isn't going bust?
Things look pretty dire to me but I'm keen to hear your thoughts on the topic.

Don't move to Japan then. Their national debt is 230% of GDP.

[milly]

https://www.msn.com/en-gb/money/other/b ... 32be&ei=16

Britain could go bust as national debt is now bigger than the entire economy.
It is the Daily Express. It must be true.

Regardless of what your perception is with regard to the Daily Express , tell me why the UK isn't going bust?
Things look pretty dire to me but I'm keen to hear your thoughts on the topic.

Don't move to Japan then. Their national debt is 230% of GDP.

So you think debt doesn't matter?
The Bank of Japan owns half of the JGB's in existence, it's a Zombie economy.

[renrag40]

https://www.msn.com/en-gb/money/other/b ... 32be&ei=16

Britain could go bust as national debt is now bigger than the entire economy.
It is the Daily Express. It must be true.

Regardless of what your perception is with regard to the Daily Express , tell me why the UK isn't going bust?
Things look pretty dire to me but I'm keen to hear your thoughts on the topic.

Don't move to Japan then. Their national debt is 230% of GDP.

So you think debt doesn't matter?
The Bank of Japan owns half of the JGB's in existence, it's a Zombie economy.

Japan's is the 3rd biggest economy by GDP.

[milly]

https://www.msn.com/en-gb/money/other/b ... 32be&ei=16

Britain could go bust as national debt is now bigger than the entire economy.
It is the Daily Express. It must be true.

Regardless of what your perception is with regard to the Daily Express , tell me why the UK isn't going bust?
Things look pretty dire to me but I'm keen to hear your thoughts on the topic.

Don't move to Japan then. Their national debt is 230% of GDP.

So you think debt doesn't matter?
The Bank of Japan owns half of the JGB's in existence, it's a Zombie economy.

Japan's is the 3rd biggest economy by GDP.

If the Bank of Japan didn't buy JGB's Japan's interest rates would be sky high, like I said it's a Zombie economy.
Japan prints up currency to buy its own debt, what a fantastic economy!

[renrag40]

After decades of deflation.
Japan's inflation rate in April 2023 was 3.5%.
Annualised growth rate after 1st quarter of 2023 was 2.7%.
BOJ base rate : -0.1%
The National Debt is 230% of GDP.
Conclusion: National Debt is not as important to an economy as avoiding deflation.

[milly]

After decades of deflation.
Japan's inflation rate in April 2023 was 3.5%.
Annualised growth rate after 1st quarter of 2023 was 2.7%.
BOJ base rate : -0.1%
The National Debt is 230% of GDP.
Conclusion: National Debt is not as important to an economy as avoiding deflation.

You don't like things getting cheaper .

[Woody Guthrie]

After decades of deflation.
Japan's inflation rate in April 2023 was 3.5%.
Annualised growth rate after 1st quarter of 2023 was 2.7%.
BOJ base rate : -0.1%
The National Debt is 230% of GDP.
Conclusion: National Debt is not as important to an economy as avoiding deflation.

You don't like things getting cheaper .

Like the great depression in the 1930s?
Not really no.