| About that middle class..... on 09:20 - Sep 13 with 3118 views | BanksterDebtSlave |
| About that middle class..... on 09:15 - Sep 13 by Leaky |
So you want every thing to fail so you can you glorify in the fact you told us all it was going to happen. Happy soul aren't you. |
That is your perception and has no bearing in fact! In fact you could not be further from the truth!
Edit....I would not lose sleep over property values falling though and neither should anyone who has bought because they want to live there. [Post edited 13 Sep 2018 9:23]
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| About that middle class..... on 09:21 - Sep 13 with 3118 views | lowhouseblue |
| About that middle class..... on 09:14 - Sep 13 by BanksterDebtSlave |
Re the link I imagine you would need per capita, inflation adjusted figures and weighting for which income groups are spending what!
Do you have any evidence of an expanding middle class in developed economies? [Post edited 13 Sep 2018 9:14]
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we'd first need to agree on a definition - and I can't see that happening. |  |
| And so as the loose-bowelled pigeon of time swoops low over the unsuspecting tourist of destiny, and the flatulent skunk of fate wanders into the air-conditioning system of eternity, I notice it's the end of the show |
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| About that middle class..... on 09:26 - Sep 13 with 3103 views | BanksterDebtSlave |
| About that middle class..... on 09:21 - Sep 13 by lowhouseblue |
we'd first need to agree on a definition - and I can't see that happening. |
As near to a 'no' as I could expect I suppose.
Edit......any thoughts lurking Glasgow? [Post edited 13 Sep 2018 9:27]
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| About that middle class..... on 09:27 - Sep 13 with 3102 views | Gromheort |
| About that middle class..... on 09:14 - Sep 13 by BanksterDebtSlave |
Re the link I imagine you would need per capita, inflation adjusted figures and weighting for which income groups are spending what!
Do you have any evidence of an expanding middle class in developed economies? [Post edited 13 Sep 2018 9:14]
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Retail spending "fell off the cliff" earlier in the year. There's been some evidence of a correction. Other than the increase in spending because of the glorious summer, some one off purchases were perhaps put off as folk shopped for bargain.
There are certainly issues with the income distribution. From teachers getting the 2nd largest pay drop in the developed world to record use of food banks, the squeeze continues... |  | | |
| About that middle class..... on 09:30 - Sep 13 with 3097 views | Leaky |
| About that middle class..... on 09:20 - Sep 13 by BanksterDebtSlave |
That is your perception and has no bearing in fact! In fact you could not be further from the truth!
Edit....I would not lose sleep over property values falling though and neither should anyone who has bought because they want to live there. [Post edited 13 Sep 2018 9:23]
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I probably have a lot in common with you am mortgage free no loans or credit card debt |  | | |
| About that middle class..... on 09:45 - Sep 13 with 3064 views | lowhouseblue |
| About that middle class..... on 09:27 - Sep 13 by Gromheort |
Retail spending "fell off the cliff" earlier in the year. There's been some evidence of a correction. Other than the increase in spending because of the glorious summer, some one off purchases were perhaps put off as folk shopped for bargain.
There are certainly issues with the income distribution. From teachers getting the 2nd largest pay drop in the developed world to record use of food banks, the squeeze continues... |
https://www.ons.gov.uk/businessindustryandtrade/retailindustry/bulletins/retails
retail sales in the 3 months to end of july were 5.8% higher than in the same 3 months in 2017. that doesn't suggest much 'falling from a cliff' during the course of the 12 months.
the data doesn't show your crisis of capitalism - it shows that online buying has reached a record level. | |
| And so as the loose-bowelled pigeon of time swoops low over the unsuspecting tourist of destiny, and the flatulent skunk of fate wanders into the air-conditioning system of eternity, I notice it's the end of the show |
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| About that middle class..... on 09:46 - Sep 13 with 3061 views | No9 |
| About that middle class..... on 07:42 - Sep 13 by Steve_M |
Ah yes, the collapse of what's left of the British high street will be a boon to all. |
Not sure I follow that
When the high street finally collapses, which can't be far away what will we be left with?
Crap shops selling crap? |  | | |
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| About that middle class..... on 09:50 - Sep 13 with 3041 views | Gromheort |
Cliff? Not my words. Its derived from: "The British Retail Consortium (BRC) said like-for-like sales, which strip out the effect of new store openings, fell by 4.2% compared with April 2017".
And of course there will be a bounce back (especially with the impact of the Summer), as I've already mentioned. | | | |
| About that middle class..... on 09:53 - Sep 13 with 3032 views | No9 |
According to the analysts the increase was due - almost entirely- to hot waether encouraging people to snack outside cafe's & the world cup.
Doesn't sound much like a revival does it? | | | |
| About that middle class..... on 09:55 - Sep 13 with 3029 views | BtreeBlueBlood |
yesterdays news inbox breakfast
AVERAGE WAGE for an employee 10YRS AGO £24,000
NOW £23,700
- IT SHOULD BE WITH INFLATION £27,000
Yet Im sure costs - have gone up year on year - and petrol - electric have gone through the roof!
Thank god for the internet - and price match. |  | | |
| About that middle class..... on 10:04 - Sep 13 with 3009 views | CoachRob |
So nice to see Post-Keynesian views being stated by Mr Carney and Gordon Brown. The neo-classicals are finally waking up to the total failure of their branch of economics to answer macroeconomic questions. Thomas Piketty wrote a brilliant book on distribution of wealth and income and how the current economic system will tend towards extremes.
On Bankster's main point of property prices - London has to be a major concern and there are real concerns with interest only mortgages. The quants at banks need looking at as to how their are pricing risk and once again credit rating agencies seem to a law to themselves. |  | | |
| About that middle class..... on 10:08 - Sep 13 with 3003 views | Gromheort |
| About that middle class..... on 10:04 - Sep 13 by CoachRob |
So nice to see Post-Keynesian views being stated by Mr Carney and Gordon Brown. The neo-classicals are finally waking up to the total failure of their branch of economics to answer macroeconomic questions. Thomas Piketty wrote a brilliant book on distribution of wealth and income and how the current economic system will tend towards extremes.
On Bankster's main point of property prices - London has to be a major concern and there are real concerns with interest only mortgages. The quants at banks need looking at as to how their are pricing risk and once again credit rating agencies seem to a law to themselves. |
What post-Keynesian views are they then? I don't see much shift from the standard 'lets tinkle with interest rates and pretend we're on the case' | | | |
| About that middle class..... on 10:13 - Sep 13 with 2994 views | No9 |
| About that middle class..... on 10:04 - Sep 13 by CoachRob |
So nice to see Post-Keynesian views being stated by Mr Carney and Gordon Brown. The neo-classicals are finally waking up to the total failure of their branch of economics to answer macroeconomic questions. Thomas Piketty wrote a brilliant book on distribution of wealth and income and how the current economic system will tend towards extremes.
On Bankster's main point of property prices - London has to be a major concern and there are real concerns with interest only mortgages. The quants at banks need looking at as to how their are pricing risk and once again credit rating agencies seem to a law to themselves. |
Do you really think the day of the Chicago theory, school of economic theories is dead?
It has createdmany problems but with right wing government heading th Anglo Saxon world do you think anything is going to change before the next crash? | | | |
| About that middle class..... on 10:15 - Sep 13 with 2985 views | Gromheort |
| About that middle class..... on 10:13 - Sep 13 by No9 |
Do you really think the day of the Chicago theory, school of economic theories is dead?
It has createdmany problems but with right wing government heading th Anglo Saxon world do you think anything is going to change before the next crash? |
The Chicago School doesn't drive modern economics. That is certainly becoming more pluralist, such as increased influence of the real world economics global movement.
The Chicago School's role is sidelined to very specific issues (e.g. its still used as the mainstay for analysis into discrimination and the economic approach to criminology) [Post edited 13 Sep 2018 10:16]
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| About that middle class..... on 10:30 - Sep 13 with 2970 views | lowhouseblue |
| About that middle class..... on 09:50 - Sep 13 by Gromheort |
Cliff? Not my words. Its derived from: "The British Retail Consortium (BRC) said like-for-like sales, which strip out the effect of new store openings, fell by 4.2% compared with April 2017".
And of course there will be a bounce back (especially with the impact of the Summer), as I've already mentioned. |
but it rose by 5.8% over the year. | |
| And so as the loose-bowelled pigeon of time swoops low over the unsuspecting tourist of destiny, and the flatulent skunk of fate wanders into the air-conditioning system of eternity, I notice it's the end of the show |
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| About that middle class..... on 10:33 - Sep 13 with 2968 views | No9 |
| About that middle class..... on 10:15 - Sep 13 by Gromheort |
The Chicago School doesn't drive modern economics. That is certainly becoming more pluralist, such as increased influence of the real world economics global movement.
The Chicago School's role is sidelined to very specific issues (e.g. its still used as the mainstay for analysis into discrimination and the economic approach to criminology) [Post edited 13 Sep 2018 10:16]
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Do you really think no one anymore takes notice of what Milton Friedman put on the world? | | | |
| About that middle class..... on 10:35 - Sep 13 with 2962 views | No9 |
| About that middle class..... on 10:30 - Sep 13 by lowhouseblue |
but it rose by 5.8% over the year. |
Based on price or volume?
Food included? | | | |
| About that middle class..... on 10:38 - Sep 13 with 2962 views | BlueBadger |
| About that middle class..... on 07:48 - Sep 13 by BanksterDebtSlave |
It's a reference to cause not affect (although the property angle would be welcome). The Emperor has no clothes ! |
Have you just left a chat bot in charge of your account now? Because that makes literally no sense. [Post edited 13 Sep 2018 10:43]
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| About that middle class..... on 10:47 - Sep 13 with 2945 views | BanksterDebtSlave |
| About that middle class..... on 09:30 - Sep 13 by Leaky |
I probably have a lot in common with you am mortgage free no loans or credit card debt |
......and hopefully, also like me, you are a happy soul too ! | |
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| About that middle class..... on 10:51 - Sep 13 with 2939 views | BanksterDebtSlave |
| About that middle class..... on 09:48 - Sep 13 by GlasgowBlue |
Replying to Lowhouse’ post which points out the flaw in your argument is obsessive?
I seem to have hit a nerve the other day.
And the term I used was correct .
Edit. Thanks for the two mentions in this thread btw. Now who is the obsessive? [Post edited 13 Sep 2018 9:50]
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Your post, like as it turned out Lowhouse's, didn't point out anything though did it butbat least he tried to add something.
What is this nerve thay you like to imagine you have hit? | |
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| About that middle class..... on 10:51 - Sep 13 with 2937 views | CoachRob |
| About that middle class..... on 10:08 - Sep 13 by Gromheort |
What post-Keynesian views are they then? I don't see much shift from the standard 'lets tinkle with interest rates and pretend we're on the case' |
The acknowledgement the debt plays a role in the economy. Neo-classicals believe banks are intermediaries who push money around the system, they don't create money and money, banks and debt play no role in output.
Carney has come out in support of the Post-Keynesian view on how banks operate and Brown is finally acknowledging that asset bubbles created by change in credit growth is a concern in the economy. Something neither would have admitted 10 years ago.
The Barro-Gordon model used as evidence to support independent central banks is to blame for the charade that central banks have become. | | | |
| About that middle class..... on 10:55 - Sep 13 with 2935 views | BanksterDebtSlave |
| About that middle class..... on 10:04 - Sep 13 by CoachRob |
So nice to see Post-Keynesian views being stated by Mr Carney and Gordon Brown. The neo-classicals are finally waking up to the total failure of their branch of economics to answer macroeconomic questions. Thomas Piketty wrote a brilliant book on distribution of wealth and income and how the current economic system will tend towards extremes.
On Bankster's main point of property prices - London has to be a major concern and there are real concerns with interest only mortgages. The quants at banks need looking at as to how their are pricing risk and once again credit rating agencies seem to a law to themselves. |
Thankfully some on here can see through there own blinkered perceptions and their fictitious views on the motives of others! | |
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| About that middle class..... on 10:59 - Sep 13 with 2930 views | BanksterDebtSlave |
| About that middle class..... on 10:38 - Sep 13 by BlueBadger |
Have you just left a chat bot in charge of your account now? Because that makes literally no sense. [Post edited 13 Sep 2018 10:43]
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.....less disposable income= declining profit for shop selling over priced crap, does that help. Sorry if I upset you by alluding to your propensity for virtue signalling yesterday if your comment is a 'hurt' response to that . | |
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| About that middle class..... on 11:02 - Sep 13 with 2918 views | powinswitch |
| About that middle class..... on 07:53 - Sep 13 by Bluefish |
Surely the middle class should be celebrated? It confuses me to see a desire to make everyone equally poor, shouldn't everyone be equally middle? |
In a very well known Regimental gymnasium about 6 years ago read a simple ‘you can’t make the weak strong, by making the strong weaker’. | | | |
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