[celtic Liger]

looking forward to more self sustainabilty in the communities, to be honest. we'll see how convenient the supermarkets become for all you lazy *****

[--LOS--]

Originally Posted by Nevore

If by dancing you mean RATM, and by dance, you mean riot, count me in!

I honestly think this year will be worse than last year.

I agree, what with the upcoming gig and all.

[ChairmanWow]

Yeah, yeah. How is this likely to impact on my tracker mortgage?

[--LOS--]

ooooo joke opportunity

[Nodin]

Originally Posted by <Ollie>

The Great Depression Mark II. Some of the great economists have been saying this for a while now while the rest of the world were dreaming that we were on the road to recovery. But now it's actually on the Yahoo homepage (so it must be true).

We're fúcked. No 'double dip', but one major economic catastrophe on the cards this time.

Mohawked outlaw motorbike gangs for all!!!!!!!!

[Mr Benevolent]

Meh, too early on a Sunday morning for this recession crap.

[Sea Sharp]

Cool, does this mean we'll see some sort of Mad-Max scenario with skangers running around like zombies out of the movies breaking into our houses trying to steal food and nike air max.

"I'm sorry officer it was self defence"

"Ah, don't worry about it Ganjahan"

"ok, tnx bai"

[bnt]

Originally Posted by ChairmanWow

Yeah, yeah. How is this likely to impact on my tracker mortgage?

Badly. Assuming the interest rate tracks inflation, guess what will happen if inflation hits 20%? Not a problem as long as your income also tracks inflation, but ... what do you think?

The real damage done by inflation is to savings and investments. Savings get eroded, people pull them out of the banks, no-one is willing or able to invest. If that sounds like the last couple of years, well, note that we haven't had high inflation. If that happens too, we'll be in a "stagflation" situation: high inflation and high unemployment is a bad mix.

However, this is not what that article posted by the OP is suggesting - in it one guy talks about deflation, which is also a bad thing, because it completely shuts down any investment in anything. We're not far from that already: the ECB and Bank Of England can't lower interest rates below zero, so that mechanism has hit the stops. No-one invests money if they know they're going to make a loss on it.

[Coriolanus]

Originally Posted by bnt

No-one invests money if they know they're going to make a loss on it.

Except our glorious leaders of course.

[bnt]

Originally Posted by Nevore

Except our glorious leaders of course.

Shhh. Don't look behind the curtain! I should have said "no Capitalist" ...

[omahaid]

Professor, without knowing precisely what the danger is, would you say it's time for our viewers to crack each other's heads open and feast on the goo inside?