tag:blogger.com,1999:blog-830201814627063938.post2361692940126336729..comments2024-03-22T11:05:30.869+00:00Comments on Financial crisis? <br>It's a pyramid, stupid.: To the Chancellor: UK ain't CanadaUnknownnoreply@blogger.comBlogger61125tag:blogger.com,1999:blog-830201814627063938.post-3198943623539953692010-06-11T12:05:47.360+01:002010-06-11T12:05:47.360+01:00Hi Ka Ming, thanks for your stunning contribution ...Hi Ka Ming, thanks for your stunning contribution to my blog (which was read by hundreds if not thousands of readers). Could you please send me your contact e-mail address to my e-mail: g.pytel98@imperial.ac.uk ?<br /><br />Best<br /><br />GregGreg Pytelhttps://www.blogger.com/profile/15749997788308388129noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-19328150248693923362010-06-11T09:06:14.945+01:002010-06-11T09:06:14.945+01:00UK Government Debt & Deficit
Deficit 11.4 % o...UK Government Debt & Deficit<br /><br />Deficit 11.4 % of GDP<br /> <br />Government deficit as a percentage of GDP <br /><br />In the calendar year 2009 the UK recorded a general government deficit of £159.2 billion, which was equivalent to 11.4 per cent of gross domestic product (GDP).<br /><br />At the end of December 2009 general government debt was £950.4 billion, equivalent to 68.1 per cent of GDP.Unknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-57079736442958187452010-06-11T09:00:54.574+01:002010-06-11T09:00:54.574+01:00-- Portugal approves the government's latest a...-- Portugal approves the government's latest austerity package in its final vote on the legislation. <br /><br />June 9 - Austerity minded Liberals win Dutch elections but deep divisions over policy will make consensus on bringing government finances under control tough to reach - the deficit is expected to reach 6.6 percent of GDP in 2010.<br /><br />May 27 - Spain wins parliamentary approval for its 15 billion euro ($18.4 billion) austerity package by just one vote.<br /><br />May 25 - Italy's cabinet approves a 24 billion euro austerity package with the aim of cutting the deficit to 2.7 percent of GDP in 2012 from 5.3 percent in 2009.<br /><br />June 7 - Merkel's coalition agrees a package of budget cuts and taxes to bring Germany's structural deficit within EU limits by 2013 and revive her political fortunes.<br /><br />Is UK’s 6 billion pounds budget reduction out of total budget deficits of 156 billion pounds qualify as a genuine cut?Unknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-65247953639682257232010-06-11T08:36:44.036+01:002010-06-11T08:36:44.036+01:00Why don’t we scrap ministers’ expenses claims and ...Why don’t we scrap ministers’ expenses claims and all meaningless government’s projects and put the money into better use (use that provides bright future for our future generation).Unknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-26626990837674023482010-06-11T07:57:39.143+01:002010-06-11T07:57:39.143+01:00It’s all about fairness.
Tony and Gordon stole we...It’s all about fairness.<br /><br />Tony and Gordon stole wealth from our future generation, and left over baggage of debts on their shoulder. It is now David and Nick to propose the increase of University tuition fees which is equivalent to robbing our future generation. Even the Chinese official knows providing free education to its youngsters is in fact an investment in human resources, and plan to waive University tuition fee in the next 15 years.<br /><br />UK University students once graduate will have to repay mountain of students loan where UK Government is still wasting the nation’s money.Unknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-41784106850537841362010-06-10T14:22:55.376+01:002010-06-10T14:22:55.376+01:00The British Government can’t manipulate everything...The British Government can’t manipulate everything. If the inflation rises to double digit but BOE insists to keep base interest rate at 0.5% so as to postpone the house price collapse, then the Sterling Pounds will crash instead.Unknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-86196357968871726922010-06-10T11:27:37.276+01:002010-06-10T11:27:37.276+01:00Why don’t we allocate resources to help the poor &...Why don’t we allocate resources to help the poor & vulnerable (e.g. pensioners, disabled or children) rather than keeping people on public payroll that deliver nothing.Unknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-83742788972136641092010-06-10T09:50:30.338+01:002010-06-10T09:50:30.338+01:00In view of foreign investor are fretting about the...In view of foreign investor are fretting about the UK debts mountain, and no way they can’t put more stakes in Gilts. So, the viable option to balance the public book is to raise tax.<br /><br />I prefer the government to cut public spending than to raise tax or stealth tax (hyperinflation).Unknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-11005666944392135872010-06-10T08:57:43.070+01:002010-06-10T08:57:43.070+01:00INFLATION IN UK WOULDN’T COME DOWN EVEN IN ECONOMI...INFLATION IN UK WOULDN’T COME DOWN EVEN IN ECONOMIC DEPRESSION, SO INFLATIONARY DEPRESSION OR STAFLATION!!!!!!!!<br /><br />Not so roseyBloomberg: IMF Says Risks to Economy Have Risen ‘Significantly’<br />Risks to the global economic outlook have “risen significantly” and policy makers have limited room to provide support to growth<br /><br />1. paul said...Oh so the downside risks to the economy are significant so ... interest rates won't rise today to combat the inflationary threat identified two weeks ago.<br /><br />Business as usual then - Cameron and King's warnings about inflation not being the answer are just water under the bridge. <br /><br />Back on course for financial ruin then.Unknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-71865165892434420762010-06-10T08:48:25.349+01:002010-06-10T08:48:25.349+01:00GREAT DEPRESSION? NO SIGN TO HAPPEN IN ASIA YET!...GREAT DEPRESSION? NO SIGN TO HAPPEN IN ASIA YET!<br /><br />China Exports Jump Most Since 2003, Property Prices Rise 12.4% <br />Share Business ExchangeTwitterFacebook| Email | Print | A A A <br />By Bloomberg News<br /><br />June 10 (Bloomberg) -- China’s exports jumped the most in six years and property prices rose at a near-record pace, signs that the economy is withstanding the sovereign-debt crisis in Europe and remains at risk of overheating. <br /><br />The 48.5 percent gain in exports from a year earlier, announced by the customs bureau today, surpassed all 32 estimates in a Bloomberg News survey of economists. The trade surplus widened. Real-estate prices rose 12.4 percent across 70 cities, the statistics bureau said separately.<br /><br />Japan’s Consumer Confidence Gains as Economy Expands (Update1) <br />Share Business ExchangeTwitterFacebook| Email | Print | A A A <br />By Aki Ito<br /><br />June 10 (Bloomberg) -- Japan’s household sentiment rose to the highest level since October 2007, even as Europe’s debt woes roiled markets across the globe. <br /><br />The confidence index climbed to 42.8 last month from 42 in April, the Cabinet Office said today in Tokyo. The median forecast of six economists was for sentiment to be unchanged. <br /><br />The world’s second-largest economy expanded at an annual 5 percent pace last quarter, extending its export-fueled rebound from its worst postwar recession, a revised report showed today. So far, Europe’s turmoil has yet to damp growth in Japan, according to economist Tatsushi Shikano.Unknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-77019254616086616082010-06-10T07:31:31.471+01:002010-06-10T07:31:31.471+01:00Gross domestic product
GDP (Y) is a sum of Consum...Gross domestic product<br /><br />GDP (Y) is a sum of Consumption (C), Investment (I), Government Spending (G) and Net Exports (X - M).<br /><br />Y = C + I + G + (X − M)<br /><br /><br />In Europe and UK, GDP is equated to G (Government Spending) since…………..<br /><br />Consumption (C) = hope the ponzi scheme still work & foreigners keep on buying gilts to support UK Government Spendings.<br /><br />Consumption = credit bubble has been burst & unemployment is high; so it must be reduction.<br /><br />Investment (I) = land costs/labour costs in UK is too high and it’s not conducive for investors to plough money for capital outlays.<br /><br />Net Exports (UK produces nothing & exports nothing; so it must be a net imports).Unknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-35865145527190449672010-06-09T19:17:52.451+01:002010-06-09T19:17:52.451+01:00STOCKHOLM, June 9 (Reuters) - Iceland's centra...STOCKHOLM, June 9 (Reuters) - Iceland's central bank signed on Wednesday a currency swap deal with China, a move seen boosting confidence in its battered currency and further paving the way for the removal of the island's strict capital controls. Iceland is picking up the pieces of its shattered economy following the 2008 collapse of its top banks and crown currency at the height of the financial crisis. It has boosted reserves and focused on improving liquidity as it prepares to lift foreign exchange controls and return to global capital markets.Unknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-19156709045100600062010-06-09T19:16:48.523+01:002010-06-09T19:16:48.523+01:00This comment has been removed by the author.Unknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-79836427829187667002010-06-09T18:40:35.097+01:002010-06-09T18:40:35.097+01:00What has happened in Britain is little different f...What has happened in Britain is little different from what has happened everywhere else in the developed world.<br /><br />"Forty years ago," said an Englishman on the phone yesterday, "Britain had 8 million people in manufacturing, making things, and 3 million people on the public payroll, consuming them. Now, those numbers have almost completely reversed. And it gets worse. Every day, 126 people are added to government employment in Britain, while 1440 private sector jobs are eliminated."Unknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-24122833941581683492010-06-09T16:12:37.457+01:002010-06-09T16:12:37.457+01:00Peter Schiff said:
The real danger will be if we ...Peter Schiff said:<br /><br />The real danger will be if we follow our own foolish advice that Europe appears to have rejected. Treasury Secretary Timothy Geithner has bluntly suggested that European governments should print and spend money in order to keep their economies out of recession. In reality, cutting government spending is a far better stimulus. Maintaining lavish budgets through the use of the printing press will only result in disaster. Not only will such action fail to avert a double-dip recession, but it will practically ensure an inflationary depression.<br /><br />As I have said before, we can't simultaneously grow the economy and grow government. The latest jobs report shows that we are just growing government. If that trend doesn't soon reverse, investors will start betting on the collapse of the dollarzone.<br /><br />IN CHINA GDP IS USED TO MEASURE ECONOMIC GROWTH WHEREAS IN UK/EUROPE GDP IS A MEASURE OF GOVERNMENT EXPENDITURE.Unknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-54761108294150132612010-06-09T15:16:09.687+01:002010-06-09T15:16:09.687+01:00What Cameron do is just to pin point and eradicate...What Cameron do is just to pin point and eradicate non-productive activities………………..<br /><br />(a) Against the current background of a still-subdued economy and falling prices, most experts are concerned that deflation poses a serious threat to the economy. Hence they are of the view that the central bank should consider measures to counter deflation. We suggest that a fall in many goods’ prices, which is erroneously labeled as deflation, is actually the result of the liquidation of various nonproductive activities that are undermining real wealth generators.<br /><br />Consequently, a policy that aims at countering deflation in fact reinforces nonproductive activities and delays the chances for a durable economic recovery.<br /><br />(b) Yes, I absolutely agree. Deflation isn’t evil at all.<br /><br />Take a look at China. Its production activities help to drive down the world’s goods price.<br /><br />One of the scenarios that led to deflation is when a country’s productivity per population is increased. It is only GDP (production per year) grow faster than Money Supply that will lead to spare products and hence deflationary force.Unknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-58055617048174010732010-06-09T12:24:25.543+01:002010-06-09T12:24:25.543+01:00Total UK personal debt at the end of December 2009...Total UK personal debt at the end of December 2009 stood at £1,460bn. The twelve-month growth was 0.7%.<br /><br />Total lending in December 2009 rose by £1.2bn; secured lending increased by £1.2bn in the month; consumer credit lending increased by £0.1bn - the first increase since June 2009 (total lending in Jan 2008 grew by £8.4bn).<br /><br />Total secured lending on dwellings at the end of December 2009 stood at £1,234bn. The twelve-month growth rate was 0.9%. <br /><br />Total consumer credit lending to individuals at the end of December 2009 was £226bn. The annual growth rate of consumer credit remained at - 0.5%.<br /><br />Average household debt in the UK is ~ £9,000 (excluding mortgages). This figure increases to £18,722 if the average is based on the number of households who actually have some form of unsecured loan.<br /><br />Average household debt in the UK is ~ £57,937 (including mortgages). <br />If you add to this the December 2009 pre budget report figure for public sector net debt (PSND) expected in 2014-15 (excluding financial interventions) then this figure rises to £116,390 per household.<br /><br />Average owed by every UK adult is ~ £30,252 (including mortgages). This is 129% of average earnings. Average outstanding mortgage for the 11.1m households who currently have mortgages now stands at ~ £111,132.Unknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-21291168015664052752010-06-09T10:11:25.926+01:002010-06-09T10:11:25.926+01:00Why Germany, Japan, China and USA have a strong ec...Why Germany, Japan, China and USA have a strong economy? It’s because they have a strong manufacturing sector while UK does have a mumbo jumbo government.Unknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-79265439478080377192010-06-09T10:05:42.234+01:002010-06-09T10:05:42.234+01:00UK ECONOMY
During August 2008 the IMF warned tha...UK ECONOMY<br /><br /><br />During August 2008 the IMF warned that the UK economic outlook had worsened due to a twin shock: financial turmoil as well as rising commodity prices. Both developments harm the UK more than most developed countries, as the UK obtains revenue from exporting financial services while recording deficits in finished goods and commodities, including food.<br /><br />In May 2009 the European Commission (EC) stated: "The UK economy is now clearly experiencing one of its worst recessions in recent history." The EC expected GDP to decline 3.8pc in 2009 and projected that growth will remain negative for the first three quarters of 2009. It predicted two quarters of "virtual stagnation" in late 2009-early 2010, followed by a gradual return to "slight positive growth by late 2010".<br /><br />It has been argued that heavy government borrowing over the past cycle has led to a severe structural deficit, reminiscent of previous crises, which will inevitably exacerbate the situation and place the UK economy in an unfavourable position compared to its OECD partners as attempts are made to stimulate recovery, other OECD nations having allowed greater room for manoeuvre thanks to contrasting policies of relatively tighter fiscal control prior to the global downturn.Unknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-56806656208881671002010-06-09T10:05:17.809+01:002010-06-09T10:05:17.809+01:00US ECONOMY
Agriculture
Agriculture is a major in...US ECONOMY<br /><br />Agriculture<br /><br />Agriculture is a major industry in the United States and the country is a net exporter of food. The United States controls almost half of world grain exports.<br /><br />Products include wheat, corn, other grains, fruits, vegetables, cotton; beef, pork, poultry, dairy products; forest products; fish.<br /><br />Manufacturing<br /><br />Main article: Manufacturing in the United States.<br /><br />The United States is the world's largest manufacturer, with a 2007 industrial output of US$2.69 trillion.<br /><br />Main industries include petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, and mining.Unknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-26735128910379721402010-06-09T09:31:58.535+01:002010-06-09T09:31:58.535+01:00Why German’s housing market won’t collapse after f...Why German’s housing market won’t collapse after financial crisis and Germany’s banking system is most robust in Europe? It’s because Germany is careful to avoid bubble economy built on housing bubble like UK.<br /><br />Why Hong Kong does not have any exports? If it does, not competitive at all.<br /><br />How Germany can keep its product competitive in international market? The key is to prevent rental costs soaked into the final product costs.<br /><br />“Germany is using caps to prevent price increase. The root of housing bubble is inflation. Inflation is the result of government around the world printing money.<br />Inflated money "bypassed" German housing market and went into other countries' housing and stock and raw material and oil and food market.”<br /><br />See below:<br /><br />http://www.youtube.com/watch?v=H8JuTZOiSRgUnknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-26348488817073001812010-06-09T09:29:13.425+01:002010-06-09T09:29:13.425+01:00Take a look at reasons for US dollars triple A rat...Take a look at reasons for US dollars triple A rating:-<br /><br />http://img408.imageshack.us/img408/1957/sizeofgovernment.gifUnknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-9306308639222570962010-06-09T09:25:03.420+01:002010-06-09T09:25:03.420+01:00Why Germany and France possess the strongest econo...Why Germany and France possess the strongest economy among Euro Zone?<br /><br />http://img130.imageshack.us/img130/7837/householdssavingsrate.gifUnknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-5067343447524074252010-06-09T09:07:27.919+01:002010-06-09T09:07:27.919+01:00In Japan, house price is even priced out than UK f...In Japan, house price is even priced out than UK for generations……………so price adjustment (deflation) through generations is reasonable.Unknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.comtag:blogger.com,1999:blog-830201814627063938.post-42316029880521454782010-06-09T09:07:07.235+01:002010-06-09T09:07:07.235+01:00The 100-year Japanese residential mortgage
A rece...The 100-year Japanese residential mortgage<br /><br />A recent innovation (year 2002) in the Japanese real estate industry to promote home ownership is the creation of a 100-year mortgage term. The home, encumbered by the mortgage, becomes an ancestral property and is passed on from grandparent to grandchild in a multigenerational fashion. We analyze the implications of this innovative practice, contrast it with the conventional 30-year mortgage popular in Western nations and explore its unique benefits and limitations within the Japanese economic and cultural framework. Through the use of simulation, the conclusion is reached that the 100-year mortgage has failed to increase the affordability of homes. Instead, affluent homeowners are more likely to employ long-term mortgages as an estate-planning tool to reduce inheritance taxes.Unknownhttps://www.blogger.com/profile/09458257063218738068noreply@blogger.com