They don’t have to actually fall per se, merely stagnate for years and years. Price falls would be more purging for the system but govts don’t seem to even find static prices palatable.
When will everything stop going up ?.
- Thread starter Boomerang
- Start date
- Location
- somerset
modern society, where 'everyone' has a house, car and luxuries, which is what many of the kids learn at school, they can anything, the world is their playground etc.
well, its true to a point, some will attain that lifestyle, most won't, many of the latter, might aspire to, and attempt to reach that idyllic status, those are the ones who are drowning in debt.
To be honest, l really cannot see a lot of those people ever repaying their debt, it isn't possible, especially now, with inflation.
But modern society has portrayed a style of living, that isn't sustainable, and never was, a 'reset' was pretty obviously going to happen, at some point, in the future. This guv was unfortuantly in power, when it occurred, it could easily been another party.
Basically the perfect storm occurred, Brexit, covid, war, energy and general inflation, unplanned for, unexpected and quite suddenly.
The next big question is, how do we get out of it, not sure politicians know the answer to that. It basically needs a complete change of attitude/expectation, from the population, in general.
Not a very popular move, the gap between rich, and poor, will grow, it always has, and always will. People will look to the guv, to do 'something', in reality, there's not a lot any guv can do, its a global problem that has triggered it.
In the UK, we have a 'welfare state', both the DWP, and the NHS, have evolved into a cash guzzling bloated 'gods', that any political party is to scared to tackle, they just throw more money at them, what happens, when the money runs out ?
we are in a right old mess, and we will have to extract ourselves from it, and its not going to be pleasant, an awful lot of people, are going to end up, in a place, they never ever expected to be in, and it will not be a nice place. I think that we have no alternative, other than let it work itself through, with all the pain and disasters that will bring..
The bigger danger, on coming out of recession, will be the fact, that the 'eastern' economies, may well have overtaken the 'west', in the World order, and that, will mean a whole rationalisation, of the expectations, of our western society.
well, its true to a point, some will attain that lifestyle, most won't, many of the latter, might aspire to, and attempt to reach that idyllic status, those are the ones who are drowning in debt.
To be honest, l really cannot see a lot of those people ever repaying their debt, it isn't possible, especially now, with inflation.
But modern society has portrayed a style of living, that isn't sustainable, and never was, a 'reset' was pretty obviously going to happen, at some point, in the future. This guv was unfortuantly in power, when it occurred, it could easily been another party.
Basically the perfect storm occurred, Brexit, covid, war, energy and general inflation, unplanned for, unexpected and quite suddenly.
The next big question is, how do we get out of it, not sure politicians know the answer to that. It basically needs a complete change of attitude/expectation, from the population, in general.
Not a very popular move, the gap between rich, and poor, will grow, it always has, and always will. People will look to the guv, to do 'something', in reality, there's not a lot any guv can do, its a global problem that has triggered it.
In the UK, we have a 'welfare state', both the DWP, and the NHS, have evolved into a cash guzzling bloated 'gods', that any political party is to scared to tackle, they just throw more money at them, what happens, when the money runs out ?
we are in a right old mess, and we will have to extract ourselves from it, and its not going to be pleasant, an awful lot of people, are going to end up, in a place, they never ever expected to be in, and it will not be a nice place. I think that we have no alternative, other than let it work itself through, with all the pain and disasters that will bring..
The bigger danger, on coming out of recession, will be the fact, that the 'eastern' economies, may well have overtaken the 'west', in the World order, and that, will mean a whole rationalisation, of the expectations, of our western society.
farmerm
Member
- Location
- Shropshire
"When will everything stop going up ?."
- when the money runs out.....
glasshouse
Member
- Location
- lothians
A house is also a business cos u can rent it out to cover mortgage or just sell it.Agreed ..but are you not also inheriting a 'business ' to service the mortgage ? As opposed to inheriting a mortgage that has to be serviced personally ? .......just wondering
Tubbylew
Member
- Location
- Herefordshire
Or both?
glasshouse
Member
- Location
- lothians
After the economic shock of ww1, the govt only option was to tax the rich to the hilt with taxes on property.
This will end the same way, so watch out.
Hard to argue that
farmerm
Member
- Location
- Shropshire
Productivity sets the level at which "everyone" can have a house car and luxuries, problem is UK productivity is falling which creates an inflationary pressure that starts to squeeze people out of the house, car and luxuries lifestyle we all now expect.
- Location
- Scottish Highlands
I've had three joiners visit about fitting new windows, none have got back to me. Another half dozen didn't come because they are "too busy". Maybe I'll leave them until there's a recession.
Different world now
On what metric are you saying productivity is falling ?
Courier
Member
- Location
- M62 - M1 - M18 triangle
Perhaps rephrase that to include the “privately educated and more fortunate”..
Not everyone who considers themselves educated has money as their first priority…..
- Location
- Scottish Highlands
The price of Highland ponies is shooting up...thankfully.
No i dont think so, educated people are awash with offers for very well paid cushy jobs currently .
- Location
- Ceredigion
Think some are taking the pee, like £1450 for a silencer box and a small clamp for it
Managed to find one £550
Managed to find one £550
farmerm
Member
- Location
- Shropshire
In a global market place place raising or falling standards of living are are not down to absolute productivity but related to how domestic productivity is performing compared relative to other economies. The UK was once a leader in productivity which made us one of the wealthiest nations but we are going backwards which can only result in a decline in living standards over time.
They will never be out of work even in a recession because there is too many of us waiting for a recession to offer them work! Only really knocks the tradesman who slap houses up for the big national housebuilders
Over £100 a tyre to dispose of tractor tyres now!
Cowabunga
Member
- Location
- Ceredigion,Wales
That doesn’t follow. Look at some of the countries where they havr currently run out of money. Sri Lanka, Turkey and Argentina, where they have no money left to import fuel, fertiliser or food. These have massive inflation as their currency devalues from day to day.
glasshouse
Member
- Location
- lothians
No it isnt
Basic economics havent changed
In 1914 the wealthy lived like kings and 90% lived in poverty
Various revolutions showed what could happen, and the govt taxed the rich to pay for the war
Covid has resulted in war type debt, and brexit has made it worse, and now we have war with mad vlad.
This winter could be explosive if electricity and fuel costs are not curbed. Boris beware