CHART ATTACK - Longs and Shorts. (epic char)
(CHAR)
goldfinger
- 12 Jan 2010 20:42
A thread created for the TA of charts on the LSE markets. (aim and plus included)
Beginners and advanced wellcome. Long or short, just post your views and lets have some positive discussion. FIRE AWAY.
NB, UK indicies and sector charts can also to be included in posters analysis
Sorry chaps buy your obviously not looking at this the way as an economist would do. Doesnt matter if the goods are from china or anywhere else for that matter. We are talking about stimulating and getting the multiplier and accelarator effect going in the economy.
Cutting vat would do that as it gives people more money to spend. That money in turn would lead to opportunities for employers here and abroad to expand and create more and this goes on and on.
Dont forget if we have money to spend on say US/Chinese products their manufacturers grow. Their workfore in turn has spending power to buy british goods and expansion occurs.
As for your point above totaly agree ahoj. the X factor and shite like that are helping to create a get rich quick attitude without doing the graft and also getting an education.
as for economists generally they haven't got a clue and have never run a business, their predictions like journalists are invariably proved wrong but nobody has enough time to call them to account in retrospect.we don't think the average factory worker in say China is going to buy a jet engine from Rolls Royce more likely to buy rice which unfortunately we don't grow in the UK. Your Ed Balls argument lives up to his surname.
cutting vat would significantly reduce the tax intake and make it more difficult for the government to reduce the deficit they inherited from labour, a much better tax reduction would be to reduce national insurance "contributions" and income tax thus stimulating job creation and the spending power of individuals.
Anybody read Investors Inteligence today. excelent piece on the various stages of the melt down last summer and projects it forward to this summer as a very similar senario.