http://au.news.yahoo.com/latest/a/-/latest/15298927/govt-stands-by-interest-rate-record/

Labor is still banging on about lower interest rates under this ALP government shows that the ALP believes the Australia public is too stupid to even understand the simple mechanism of a monetary policy

So here's a quick lesson - PN you might want to pay attention as well

Interest rates is a mechanism/lever/way for the RBA (Reserve Bank) to stimulate or slowdown the economy.

Rule 1
When the economy is slowing down (low CPI) - the RBA wants to stimulate the economy. This is done by lowering the interest rates to put more money into consumers' hands so they can spend more

Rule 2
When the economy is heating up (higher CPI) - the RBA want to slow the economy by increasing the interest rates to take money out of consumers' hands so they have less to spend.

So when the GFC hit - the economy slowed down - the RBA had to decrease it's rates after.

This is why the rates were lower. Not because it was good economic management.


The events in Europe has continued this slowdown - therefore rates continue to stay low

Swan and Wong loves to use the GFC as an excuse for deficits but they also conveniently leave it out when talking about rates


Last but not least - these two rules apply when the government have not buggered up the economy like Keating did.

If you f#ck it up like Keating - then interest rates actually increases when the economy is slowing down and lowers when things picks up.

So when Howard made that comment about interest rate - he should have prefaced it with "under a continued buggered up economy the LIBs' would always have a lower interest rate"

Howard made these comments to appeal to the ALP voters

Eventually when they fixed it up 4 years later - he never went on to correct his comments. Of course morons like skippy and adel loves this line because it's a measure of their education background.

Labor is not afraid to make these moronic statements because it's voter base is too stupid to understand and punish him for it.

Maqqa wrote on Nov 5^th, 2012 at 12:41pm:

http://au.news.yahoo.com/latest/a/-/latest/15298927/govt-stands-by-interest-rate-record/ Labor is still banging on about lower interest rates under this ALP government shows that the ALP believes the Australia public is too stupid to even understand the simple mechanism of a monetary policy So here's a quick lesson - PN you might want to pay attention as well Interest rates is a mechanism/lever/way for the RBA (Reserve Bank) to stimulate or slowdown the economy. Rule 1 When the economy is slowing down (low CPI) - the RBA wants to stimulate the economy. This is done by lowering the interest rates to put more money into consumers' hands so they can spend more Rule 2 When the economy is heating up (higher CPI) - the RBA want to slow the economy by increasing the interest rates to take money out of consumers' hands so they have less to spend. So when the GFC hit - the economy slowed down - the RBA had to decrease it's rates after. This is why the rates were lower. Not because it was good economic management. The events in Europe has continued this slowdown - therefore rates continue to stay low Swan and Wong loves to use the GFC as an excuse for deficits but they also conveniently leave it out when talking about rates Last but not least - these two rules apply when the government have not buggered up the economy like Keating did. If you f#ck it up like Keating - then interest rates actually increases when the economy is slowing down and lowers when things picks up. So when Howard made that comment about interest rate - he should have prefaced it with "under a continued buggered up economy the LIBs' would always have a lower interest rate" Howard made these comments to appeal to the ALP voters Eventually when they fixed it up 4 years later - he never went on to correct his comments. Of course morons like skippy and adel loves this line because it's a measure of their education background. Labor is not afraid to make these moronic statements because it's voter base is too stupid to understand and punish him for it.

so what you are really saying is that when Howard made the claim that interest rates would always be lower under a liberal government, it was because he knew that under a labor govt. we would have more growth than we would under a liberal governemtn?

Maqqa wrote on Nov 5^th, 2012 at 12:41pm:

http://au.news.yahoo.com/latest/a/-/latest/15298927/govt-stands-by-interest-rate-record/ Labor is still banging on about lower interest rates under this ALP government shows that the ALP believes the Australia public is too stupid to even understand the simple mechanism of a monetary policy So here's a quick lesson - PN you might want to pay attention as well Interest rates is a mechanism/lever/way for the RBA (Reserve Bank) to stimulate or slowdown the economy. Rule 1 When the economy is slowing down (low CPI) - the RBA wants to stimulate the economy. This is done by lowering the interest rates to put more money into consumers' hands so they can spend more Rule 2 When the economy is heating up (higher CPI) - the RBA want to slow the economy by increasing the interest rates to take money out of consumers' hands so they have less to spend. So when the GFC hit - the economy slowed down - the RBA had to decrease it's rates after. This is why the rates were lower. Not because it was good economic management. The events in Europe has continued this slowdown - therefore rates continue to stay low Swan and Wong loves to use the GFC as an excuse for deficits but they also conveniently leave it out when talking about rates Last but not least - these two rules apply when the government have not buggered up the economy like Keating did. If you f#ck it up like Keating - then interest rates actually increases when the economy is slowing down and lowers when things picks up. So when Howard made that comment about interest rate - he should have prefaced it with "under a continued buggered up economy the LIBs' would always have a lower interest rate" Howard made these comments to appeal to the ALP voters Eventually when they fixed it up 4 years later - he never went on to correct his comments. Of course morons like skippy and adel loves this line because it's a measure of their education background. Labor is not afraid to make these moronic statements because it's voter base is too stupid to understand and punish him for it.

That bugger up provided the economic environment which produced slogans like
"Interest Rates will ALWAYS be LOWER under a coalition government"

You crossed over Maqqa, gone from being a reasonably well informed fanboy of the Liberal party, to 1 eyed fvckwit with the falsehood about Keating.

You want to try & tell us double digit inflation,interest rates & unemployment are the way to go as we had under Treasurer Howard?

I am glad you mentioned about Treasurer Howard - come out of the 70's and into the 2012

you are somewhat 30 years behind - typical of a leftard

Maqqa wrote on Nov 5^th, 2012 at 2:22pm:

I am glad you mentioned about Treasurer Howard - come out of the 70's and into the 2012 you are somewhat 30 years behind - typical of a leftard

Interest rates were supposed to be 18% under this Labor govt..at least that was Maqqas prediction leading up to the 2007 election  ;D

Maqqa wrote on Nov 5^th, 2012 at 2:22pm:

I am glad you mentioned about Treasurer Howard - come out of the 70's and into the 2012 you are somewhat 30 years behind - typical of a leftard

And with Keating your 25 years behind, idiot :D

adelcrow wrote on Nov 5^th, 2012 at 2:25pm:

Maqqa wrote on Nov 5th, 2012 at 2:22pm: I am glad you mentioned about Treasurer Howard - come out of the 70's and into the 2012 you are somewhat 30 years behind - typical of a leftard Interest rates were supposed to be 18% under this Labor govt..at least that was Maqqas prediction leading up to the 2007 election  ;D

maqqa is in damage control after being exposed as the retard fanboy that he is. I always know Ive done my job of keeping the buggers honest when tards  like this include me in their rant. ;D ;D ;D

skippy. wrote on Nov 5^th, 2012 at 2:54pm:

adelcrow wrote on Nov 5th, 2012 at 2:25pm: Maqqa wrote on Nov 5th, 2012 at 2:22pm: I am glad you mentioned about Treasurer Howard - come out of the 70's and into the 2012 you are somewhat 30 years behind - typical of a leftard Interest rates were supposed to be 18% under this Labor govt..at least that was Maqqas prediction leading up to the 2007 election  ;D maqqa is in damage control after being exposed as the retard fanboy that he is. I always know Ive done my job of keeping the buggers honest when tards  like this include me in their rant. ;D ;D ;D

All of Maqqas statements come back to haunt him sooner or later  :D

all dead economies have low interest rates.
just means they are spinning their wheels and stag flating.
ours are low enough, further drops are a sign for concern, not celebration

Maqqa wrote on Nov 5^th, 2012 at 12:41pm:

http://au.news.yahoo.com/latest/a/-/latest/15298927/govt-stands-by-interest-rate-record/ Labor is still banging on about lower interest rates under this ALP government shows that the ALP believes the Australia public is too stupid to even understand the simple mechanism of a monetary policy So here's a quick lesson - PN you might want to pay attention as well Interest rates is a mechanism/lever/way for the RBA (Reserve Bank) to stimulate or slowdown the economy. Rule 1 When the economy is slowing down (low CPI) - the RBA wants to stimulate the economy. This is done by lowering the interest rates to put more money into consumers' hands so they can spend more Rule 2 When the economy is heating up (higher CPI) - the RBA want to slow the economy by increasing the interest rates to take money out of consumers' hands so they have less to spend. So when the GFC hit - the economy slowed down - the RBA had to decrease it's rates after. This is why the rates were lower. Not because it was good economic management. The events in Europe has continued this slowdown - therefore rates continue to stay low Swan and Wong loves to use the GFC as an excuse for deficits but they also conveniently leave it out when talking about rates Last but not least - these two rules apply when the government have not buggered up the economy like Keating did. If you f#ck it up like Keating - then interest rates actually increases when the economy is slowing down and lowers when things picks up. So when Howard made that comment about interest rate - he should have prefaced it with "under a continued buggered up economy the LIBs' would always have a lower interest rate" Howard made these comments to appeal to the ALP voters Eventually when they fixed it up 4 years later - he never went on to correct his comments. Of course morons like skippy and adel loves this line because it's a measure of their education background. Labor is not afraid to make these moronic statements because it's voter base is too stupid to understand and punish him for it.

Why would I do that, when  your knowledge of Economics is clearly limited & is just as clearly driven by what your Political masters in the Liberal party tell you.

So, why were you on here last year, promoting the next movement in rates, as being up & I was saying that interest rates would head down, as the Economy went down!

aquascoot wrote on Nov 5^th, 2012 at 4:00pm:

all dead economies have low interest rates. just means they are spinning their wheels and stag flating. ours are low enough, further drops are a sign for concern, not celebration

As is evidenced by the USA, Japan & others!

perceptions_now wrote on Nov 5^th, 2012 at 4:33pm:

Maqqa wrote on Nov 5th, 2012 at 12:41pm: http://au.news.yahoo.com/latest/a/-/latest/15298927/govt-stands-by-interest-rate-record/ Labor is still banging on about lower interest rates under this ALP government shows that the ALP believes the Australia public is too stupid to even understand the simple mechanism of a monetary policy So here's a quick lesson - PN you might want to pay attention as well Interest rates is a mechanism/lever/way for the RBA (Reserve Bank) to stimulate or slowdown the economy. Rule 1 When the economy is slowing down (low CPI) - the RBA wants to stimulate the economy. This is done by lowering the interest rates to put more money into consumers' hands so they can spend more Rule 2 When the economy is heating up (higher CPI) - the RBA want to slow the economy by increasing the interest rates to take money out of consumers' hands so they have less to spend. So when the GFC hit - the economy slowed down - the RBA had to decrease it's rates after. This is why the rates were lower. Not because it was good economic management. The events in Europe has continued this slowdown - therefore rates continue to stay low Swan and Wong loves to use the GFC as an excuse for deficits but they also conveniently leave it out when talking about rates Last but not least - these two rules apply when the government have not buggered up the economy like Keating did. If you f#ck it up like Keating - then interest rates actually increases when the economy is slowing down and lowers when things picks up. So when Howard made that comment about interest rate - he should have prefaced it with "under a continued buggered up economy the LIBs' would always have a lower interest rate" Howard made these comments to appeal to the ALP voters Eventually when they fixed it up 4 years later - he never went on to correct his comments. Of course morons like skippy and adel loves this line because it's a measure of their education background. Labor is not afraid to make these moronic statements because it's voter base is too stupid to understand and punish him for it. Why would I do that, when  your knowledge of Economics is clearly limited & is just as clearly driven by what your Political masters in the Liberal party tell you. So, why were you on here last year, promoting the next movement in rates, as being up & I was saying that interest rates would head down, as the Economy went down!

Unless your happy with Maqqa constantly repeating the Liberal Party line of the day you'll never get a sensible conversation about economics out of him.
Liberal Party and high interst rates = Good
Labor Party and high interest rates = Bad
Liberal Party and low interest rates = Good
Labor Party and low interest rates - Bad

You know it makes sense  :D

perceptions_now wrote on Nov 5^th, 2012 at 4:33pm:

[quote author=4E62727262030 link=1352083279/0#0 date=1352083279] Why would I do that, when  your knowledge of Economics is clearly limited & is just as clearly driven by what your Political masters in the Liberal party tell you. So, why were you on here last year, promoting the next movement in rates, as being up & I was saying that interest rates would head down, as the Economy went down!

(1) Because this is about the only come back you can come up with other than logic thinking. The old "LIB HQ" chestnut reflects the person who brings it up rather than the target. Good luck with that

(2) Swan was telling us how great things are - if so then rates should be heading up not down

(3) The facts that rates are heading down tells us things are bad - really bad. But you have Swan telling us otherwise

(4) If things are really bad then cutting government expenditure is a bad thing. Swan should have enough political credibility to say that things are bad and we are not going to cut spending

(5) Swan is now caught with his financial pants down because his actions must coincide with his rhetoric which the Aust economy can't afford anymore

Maqqa wrote on Nov 5^th, 2012 at 4:51pm:

perceptions_now wrote on Nov 5th, 2012 at 4:33pm: [quote author=4E62727262030 link=1352083279/0#0 date=1352083279] Why would I do that, when  your knowledge of Economics is clearly limited & is just as clearly driven by what your Political masters in the Liberal party tell you. So, why were you on here last year, promoting the next movement in rates, as being up & I was saying that interest rates would head down, as the Economy went down! (1) Because this is about the only come back you can come up with other than logic thinking. The old "LIB HQ" chestnut reflects the person who brings it up rather than the target. Good luck with that (2) Swan was telling us how great things are - if so then rates should be heading up not down (3) The facts that rates are heading down tells us things are bad - really bad. But you have Swan telling us otherwise (4) If things are really bad then cutting government expenditure is a bad thing. Swan should have enough political credibility to say that things are bad and we are not going to cut spending (5) Swan is now caught with his financial pants down because his actions must coincide with his rhetoric which the Aust economy can't afford anymore

You do seem to have a few problems, sweety -
1) Memory!
2) Knowledge!
3) Understanding the current Economic Realities, which are different to those of the past!

1) You had forgotten that you had harped on about rising rates, hadn't you!

2)  It is apparent from the way you write your SPIN that your knowledge of the "old Economics", isn't all that good!

3) But, what really puts you at a disadvantage is that neither you, nor your Liberals masters have much idea that the Economic game has changed and it has changed forever! Not that Swan &/or Labor are any different.

That said, you are at another disadvantage, which is that you only see thru Liberal party glasses, whilst I see the whole new Economic picture, unaffected by any Political bias!

So, I can agree that Swan & Labor, have problems & they know it, which is why they will go to the next election, earlier rather than later.

But, I  can also say, that Labor has actually done a reasonable job on the Economy, they certainly made some mistakes, but they did ok. Certainly compared to many in Europe, the USA & Japan for example, the OZ Labor Pollies did a good job.

I can also say and I have many times, that the Liberals also did a reasonable job, during 1996-2007, again particularly compared to many Pollies overseas. But, those years were the absolute Economic Peak years, owing to the Baby Boomer Boom and the Libs could have & should have done better.

Back to  now, Yes, the facts that rates are heading down tells us things are not good & they will get a damn site worse.

They will get worse, primarily because of Macro Global drivers are going into reverse!
They will get worse, irrespective of whether Labor or the Liberals are in power!
They will get worse, because neither of the usual "Economic Fixes" (Keynes or Aus-terity) will work this time, as they usually have over the modern Economic era!

Oh, back to your memory, I also seem to recall calls, for cutting Spending or had you forgotten.

That said, you are nearly suggesting more stimulus & higher Debt, which sounds "unusual" for you, but that won't "fix' the problem this time, just ask Europe, Japan & the USA. 

Sometimes, the only solution is to wear the pain, particularly IF those who were meant to help regulate our Economic health looked the other way, for far too long, looked after their own interests for far too long & forgot about the Best, Long term interests of All Australians for far too long!!!

Cheers!

Interest rates are driven by Global factors not domestic policy......The lost revenue from the GFC would have affected any party who was in power during this period.....The only difference was the Coalition where advocating tax cuts which would have further eroded the integrity of the budget bottom line without stimulating the economy as much as a one off lump sum payment.....The Howard era tax cuts and middle class wealthfare where never sustainable and where only implemented for short term political gain.....Australia cannot afford to pay for the lifestyles of the rich and famous whilst the rest of the world is in recession!!!

>:( >:( >:(

Maqqa wrote on Nov 5^th, 2012 at 4:51pm:

(2) Swan was telling us how great things are - if so then rates should be heading up not down

What simplistic nonsense. Rising interest rates can reflect bad or reckless fiscal policies especially in connection to overspending and debt accumulation. Swann can arguably claim credit for good economic management if the economy remains strong but interest rates remain relatively low.

The economy must be going great guns if the RBA see's fit to cut rates to what Swann called emergency levels, note the sarcasim.

Now fact is the economy is fkd totally fkd, so RBA will cu trates .5% tomorrow, Thats how seriously we need consumers to have more disposable income and spending it to create demand.

The Libs have been telling us for decades that low interest rates are a sign of a well managed economy..dont tell me they were lying  ;D

adelcrow wrote on Nov 5^th, 2012 at 7:58pm:

The Libs have been telling us for decades that low interest rates are a sign of a well managed economy..dont tell me they were lying  ;D

You must not know much about how interest rates work if that BS statement of yours is how you actually think.

The liberals were able to use that line, because they were the best economic managers possibly ever in my lifetime.

The statement the liberals made is true, just does not cover a possible labor government poor management and the need to stimulate the economy.

progressiveslol wrote on Nov 5^th, 2012 at 8:08pm:

adelcrow wrote on Nov 5th, 2012 at 7:58pm: The Libs have been telling us for decades that low interest rates are a sign of a well managed economy..dont tell me they were lying  ;D You must not know much about how interest rates work if that BS statement of yours is how you actually think. The liberals were able to use that line, because they were the best economic managers possibly ever in my lifetime. The statement the liberals made is true, just does not cover a possible labor government poor management and the need to stimulate the economy.

Can you enliven me to the major structural reforms in the workplace & economy undertaken by the Liberals, Howard & Costello as I assume that who you speak of?
Other than the GST I can think of NONE.

All the heavy lifting was done by Labor & PJ Keating who still cops a caning from you economic illiterates.
It was his reforms that opened up our markets, stopped the Unions stranglehold on wages growth without increases to productivity & floated the $$.

All things recommended to Treasurer Howard by the report HE commissioned but was to gutless(read interested in self preservation) to enact.
However of course he was not to shy to accept the credit of these reforms as his own.

I feel for those that are self funded I read in yesterdays paper where they have lost 25% of their income.. due to interest rates and investment loses..if they have another interest cut.. what about these people????.. what about those that are due to retire any time soon... is much thought given to them???

dont forget all of you on here will be affected one way or another by these very things when its your turn

Dsmithy70 wrote on Nov 6^th, 2012 at 8:35am:

progressiveslol wrote on Nov 5th, 2012 at 8:08pm: adelcrow wrote on Nov 5th, 2012 at 7:58pm: The Libs have been telling us for decades that low interest rates are a sign of a well managed economy..dont tell me they were lying  ;D You must not know much about how interest rates work if that BS statement of yours is how you actually think. The liberals were able to use that line, because they were the best economic managers possibly ever in my lifetime. The statement the liberals made is true, just does not cover a possible labor government poor management and the need to stimulate the economy. Can you enliven me to the major structural reforms in the workplace & economy undertaken by the Liberals, Howard & Costello as I assume that who you speak of? Other than the GST I can think of NONE. All the heavy lifting was done by Labor & PJ Keating who still cops a caning from you economic illiterates. It was his reforms that opened up our markets, stopped the Unions stranglehold on wages growth without increases to productivity & floated the $$. All things recommended to Treasurer Howard by the report HE commissioned but was to gutless(read interested in self preservation) to enact. However of course he was not to shy to accept the credit of these reforms as his own.

productivity.

Interest rate chestnut - voters are still stupid

This from one of the bogans spreading the fear campaign right up to the 2007 election that interest rates would be out of control under Labor.

progressiveslol wrote on Nov 6^th, 2012 at 9:31am:

Dsmithy70 wrote on Nov 6th, 2012 at 8:35am: progressiveslol wrote on Nov 5th, 2012 at 8:08pm: adelcrow wrote on Nov 5th, 2012 at 7:58pm: The Libs have been telling us for decades that low interest rates are a sign of a well managed economy..dont tell me they were lying  ;D You must not know much about how interest rates work if that BS statement of yours is how you actually think. The liberals were able to use that line, because they were the best economic managers possibly ever in my lifetime. The statement the liberals made is true, just does not cover a possible labor government poor management and the need to stimulate the economy. Can you enliven me to the major structural reforms in the workplace & economy undertaken by the Liberals, Howard & Costello as I assume that who you speak of? Other than the GST I can think of NONE. All the heavy lifting was done by Labor & PJ Keating who still cops a caning from you economic illiterates. It was his reforms that opened up our markets, stopped the Unions stranglehold on wages growth without increases to productivity & floated the $$. All things recommended to Treasurer Howard by the report HE commissioned but was to gutless(read interested in self preservation) to enact. However of course he was not to shy to accept the credit of these reforms as his own. productivity.

Wow, how long did it take you to type that thesis out.

Productivity was increased by what LIBERAL policy

The whole economy grew at a rapid rate due to Keatings reforms so as a by product of those reforms & world economic growth productivity rose.

If you feel a specific Howard/Costello policy increased productivity even further then make an effort & at least name it.

progressiveslol wrote on Nov 5^th, 2012 at 8:08pm:

adelcrow wrote on Nov 5th, 2012 at 7:58pm: The Libs have been telling us for decades that low interest rates are a sign of a well managed economy..dont tell me they were lying  You must not know much about how interest rates work if that BS statement of yours is how you actually think. The liberals were able to use that line, because they were the best economic managers possibly ever in my lifetime. The statement the liberals made is true, just does not cover a possible labor government poor management and the need to stimulate the economy.

The liberals were able to use that line, because they were the best economic managers possibly ever in my lifetime.

They were in power during the most benign economic times in our history. They were not poor managers but were never really tested either. Could clearly have done better.

The Liberals got low interest rates as a result of emergency reduction in the rate in the early 2000's following the introduction of the GST and a stalling economy. The reserve Bank reduced interest rates to stimulate a staggering economy.

progressiveslol wrote on Nov 6^th, 2012 at 9:31am:

Dsmithy70 wrote on Nov 6th, 2012 at 8:35am: progressiveslol wrote on Nov 5th, 2012 at 8:08pm: adelcrow wrote on Nov 5th, 2012 at 7:58pm: The Libs have been telling us for decades that low interest rates are a sign of a well managed economy..dont tell me they were lying  ;D You must not know much about how interest rates work if that BS statement of yours is how you actually think. The liberals were able to use that line, because they were the best economic managers possibly ever in my lifetime. The statement the liberals made is true, just does not cover a possible labor government poor management and the need to stimulate the economy. Can you enliven me to the major structural reforms in the workplace & economy undertaken by the Liberals, Howard & Costello as I assume that who you speak of? Other than the GST I can think of NONE. All the heavy lifting was done by Labor & PJ Keating who still cops a caning from you economic illiterates. It was his reforms that opened up our markets, stopped the Unions stranglehold on wages growth without increases to productivity & floated the $$. All things recommended to Treasurer Howard by the report HE commissioned but was to gutless(read interested in self preservation) to enact. However of course he was not to shy to accept the credit of these reforms as his own. productivity.

wow ... again your resourcefulness is astonishing ... how informative ...  productivity?

what about it? You realise that it has been on a decline for well over a decade? and that it was only after the alp won government that they were able to stem the rate of decline?

Interest rates unchanged. Maybe the reserve bank don't want to panic us.

John Smith wrote on Nov 6^th, 2012 at 12:49pm:

[what about it? You realise that it has been on a decline for well over a decade? and that it was only after the alp won government that they were able to stem the rate of decline?

Indeed. The coalition government was happy to sit back and reap the rewards of the mining boom peak. Reducing spending and creating budget surpluses that they constantly boast about is just another way of saying they neglected necessary long term investment in things like skills and public infrastructure. So its quite laughable to say that Howard was responsible for increased productivity.

there protecting their arse against Global collapse in europe and america.

When that happens again they will need as much as posiible from there interest rate, it might even have to go UP.

This has been going on for more than a hundred years so all the doomsayers should have a bex and a good lie down.
In shaky international times we keep the economy ticking along by dropping interest rates and increasing the national debt to use on projects to stop our economy from collapsing and when times improve internationally and the money starts flowing again we pay down the debt, increase interest rates and taxes and Bobs your uncle..things are hunky dory again.
No matter who is in power the cycle is always the same..or were the doomsayers all born yesterday?

adelcrow wrote on Nov 6^th, 2012 at 3:30pm:

This has been going on for more than a hundred years so all the doomsayers should have a bex and a good lie down. In shaky international times we keep the economy ticking along by dropping interest rates and increasing the national debt to use on projects to stop our economy from collapsing and when times improve internationally and the money starts flowing again we pay down the debt, increase interest rates and taxes and Bobs your uncle..things are hunky dory again. No matter who is in power the cycle is always the same..or were the doomsayers all born yesterday?

;D ;D
you hope.

they have cut as far as they can to try to kickstart europe, japan and america.  they are trying to kickstart a dead motorbike.
they move from austerity to printing money in a desperate hope to get some growth. the imbalance is probably too bad now, the growing economies rely on the mature economies to keep buying and they have no more room to create stimulus.

all that would get the economy going is WW3 :o :o :o

aquascoot wrote on Nov 6^th, 2012 at 3:37pm:

adelcrow wrote on Nov 6th, 2012 at 3:30pm: This has been going on for more than a hundred years so all the doomsayers should have a bex and a good lie down. In shaky international times we keep the economy ticking along by dropping interest rates and increasing the national debt to use on projects to stop our economy from collapsing and when times improve internationally and the money starts flowing again we pay down the debt, increase interest rates and taxes and Bobs your uncle..things are hunky dory again. No matter who is in power the cycle is always the same..or were the doomsayers all born yesterday? ;D ;D you hope. they have cut as far as they can to try to kickstart europe, japan and america.  they are trying to kickstart a dead motorbike. they move from austerity to printing money in a desperate hope to get some growth. the imbalance is probably too bad now, the growing economies rely on the mature economies to keep buying and they have no more room to create stimulus. all that would get the economy going is WW3 :o :o :o

Its a much slower recovery because we managed to keep out of a world war this time around and lets hope we dont need one before we start to see real progress around the globe.