now that inflation is below 2% the recession is firmly behind us
fantastic news for all of us
( The Doveston haunted by the memory of his own amnesia, Tue 18 Feb 2014, 11:03, archived)

we should all celebrate

( tangledupinblue hairy badge with moving eyes, Tue 18 Feb 2014, 11:04, archived)

absolute bullshit.
the last time inflation was low, was DURING the "credit crunch", an economy actually requires a moderate level of inflation in order to function, and according to Keynes a higher rate of inflation might be desirable as it could reduce unemployment.

This crisis was never characterised by high levels of inflation anyway, in fact at one point in 2009 it even went negative.
( Moon Girl Technologies horrendous beanbag, Tue 18 Feb 2014, 11:09, archived)

but unemployment is down anyway
so you're obviously wrong
( The Doveston haunted by the memory of his own amnesia, Tue 18 Feb 2014, 11:11, archived)

barely,
and largely because of part-time work. It's still way above pre-crisis levels, it needs to drop a whole lot more before you could even look at the graph and confidently identify a downwards trend. It's got over a hump in late-2011 and that's about it.
( Moon Girl Technologies horrendous beanbag, Tue 18 Feb 2014, 11:14, archived)

look at this graph,
www.multpl.com/uk-real-gdp-per-capita

We haven't gone ANYWHERE since the crisis.
( Moon Girl Technologies horrendous beanbag, Tue 18 Feb 2014, 11:21, archived)

i just don't know why you're so negative, we're obviously on the road to recovery

( The Doveston haunted by the memory of his own amnesia, Tue 18 Feb 2014, 11:22, archived)

haha

( Moon Girl Technologies horrendous beanbag, Tue 18 Feb 2014, 11:22, archived)

I bet the Tories are planning to lose the next election,
on the hope that the next crisis will happen shortly after Labour take over so they get the blame for it.
( Moon Girl Technologies horrendous beanbag, Tue 18 Feb 2014, 11:25, archived)

Yes, people are taking part-time work and jobs they're hopelessly overqualified for.
So unemployment is (slightly) down from what it was a few years ago, but a lot of people are earning very little.
( Mr. Tea 'ulmmm'/'mmneurgh', Tue 18 Feb 2014, 11:28, archived)

typical, finally i have a shit load of money and interest rates are shit, i want 15‰

( mongychops, Tue 18 Feb 2014, 11:23, archived)

money is the best thing to have if deflation happens, though,
make sure you're not in any debt
( Moon Girl Technologies horrendous beanbag, Tue 18 Feb 2014, 11:24, archived)

money is an abstract concept
raw materials is where it's at
( drimble he'd been white, he'd been black, Tue 18 Feb 2014, 11:26, archived)

I'd rather hold an abstract concept whose value went up,
than a concrete concept whose value went down.

Debt is also an abstract concept. But if the value of that goes up, you're in the shit.
( Moon Girl Technologies horrendous beanbag, Tue 18 Feb 2014, 11:29, archived)

Debt is an abstract concept but sadly bailiffs definitely aren't.

( Mr. Tea 'ulmmm'/'mmneurgh', Tue 18 Feb 2014, 11:36, archived)

Can you give a concrete example?

( Mr. Tea 'ulmmm'/'mmneurgh', Tue 18 Feb 2014, 11:30, archived)

(It's funny because concrete is an example of a raw material.)

( Mr. Tea 'ulmmm'/'mmneurgh', Tue 18 Feb 2014, 11:35, archived)

how on earth could i be in any debt, have you missed the last 8 months, im fucking minted

( mongychops, Tue 18 Feb 2014, 11:29, archived)

well I dunno you could have a lot of cash and still have a mortgage

( Moon Girl Technologies horrendous beanbag, Tue 18 Feb 2014, 11:30, archived)

Give it a year and he'll have sniffed the lot.

( Mr. Tea 'ulmmm'/'mmneurgh', Tue 18 Feb 2014, 11:58, archived)