Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

"Haystack - 31 Dec 2013 12:43 - 34763 of 34764

A man who was allegedly high on meth reportedly fought off more than a dozen police officers while publicly masturbating."

Well, doesn't that just about some you up H/S... Any more enlightening insights into your thought process today?

in case you hadn't noticed, i'm trying to avoid taking any (hard) political ground at all .....

nevertheless, as is often found in the big, bad world, the company that commissions the research will expect and nearly always get the desired result ..... and if they don't, then they won't publish :-)

as is often said - lies, damned lies and statistics!

So what are your comments on the CBI who commisioned a similar report on WAGES and found that employers were not paying employees enough. Yesterdays report.

Were they lies dammed lies and statistics. or are you just curb fitting to suit your own agenda.

i've no idea what the CBI report said as i didn't see it, let alone read it
why are you getting so heated?
and having got so heated, are you sure you haven't had a little typo above? :-)


btw, as you seem to have forgotten, my "supplementary" is cc'd again .....
that said, it comes as no surprise that the overall feeling (forget the %) is that living standards are not improving ..... it is inevitable that this aspect will lag behind industrial (economic) recovery


PS - no apology requested :-))

Not inevitable at all, where have you got that tosh from.

Growth can be demand led not supply push, in other words consumer strength and higher standards of living are pushing growth up.

You seem to be a little confused with your economics.

Living standards do certainly not have to lag behind industrial recovery as Osbourne a non economist would have you believe.

Read Keynes.

Anyway Im calling it quits.

I can smell the John Smiths on the air like a March Hare.

Its all around me and Im getting shiffty feet. Crappy Christmas is past thank god, its a new year to savour.

See ya next year grumpy old git........wink.

Living standards always lag behind economic recovery.

Keynes is all about government intervention and generating work by digging a hole and filling it in again. France is trying that method and it is failing miserably. It is the policy that left wing governments use on the way to leaving us in debt.

i think you're wrong - and i suppose that means keynes too, if you have that 100% right - when it comes to recovering from a recession such as we have just been going through ....... unless you're going to have unbridled exchequer borrowing, though we all know the disaster that brings in its wake

however, i'ld certainly accept that once an economy is back on an even keel, then domestic demand will indeed be able to keep that growth going without (i think) provoking wild inflation

btw, i've never read what GO has to say on this issue, and indeed on very few others

Absolute tosh.

Their is an argument where you increase benefits to very high levels and the bottom up multiplyers in the economy plus the accelerator redistribute that wealth and the lower living working classes propensity to spend increase M1 M2 and M4, in other words the money supply flows faster and economic growth lags standards of living, the downside being the chances of inflation increasing later down the track.

have you written english above, or is it just c+p gobbledegook or perhaps even your own gobbledegook?

Hays totaly wrong on Keynes read the book again.

Cyners its economic drift.

Unlike you and Hays I have a PHD in economics.

That doesnt mean Im always right but put it this way would you ask a labourer do do a plumbers job.

meanwhile, while you go off down the boozer, some of us have to keep generating income for the economy - i'm in the office!

Well open that bottle of scotch you have in the bottom drawer LOL.

Happy New Year, Im off now.

Happy new year Hays.

Happy New Year All

in that case, please try explaining yourself in english for poor mortals such as myself
and if you are basically saying a country can spend, spend, spend and borrow, borrow, borrow it's way out of recession, then history shows that is a very short-term solution with horrid consequences - even if usa seems to be able to support(??) and ever-burgeoning budget deficit

i'ld very happily share a drink with you sticky, as you well know :-)

Actually happy birthday. It is my birthday today.

Keynes theory is based on TOTAL spending in an economy and its effects on output and inflation. We are in a situation where spending is currently being cut at government level so not at total spending by any means (could change with a Labour government though).
Keynesian Economics is based on a circular flow of money, which refers to the idea that when spending increases in an economy, earnings also increase, which can lead to even more spending and earnings. This money flow is probally better seen in the poorer segments of society as if you give the poor some money they will probally spend it as opposed to the wealthy which is why we have such a redistribution of wealth in the country.. If your going to read Keynes then you should also read Hayek in my opionion.

sure "total spending" is self-evidently shrinking, not only because the gov't is trying to restore a semblance of sanity and prudence to the economy - whether they are carrying out that excercise correctly is not the issue here - but the public at large is patently not spending; it can't because many are out of work and even those that are not, are having their purses badly squeezed