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  1. #1
    Join Date
    Jun 2011
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    Quote Originally Posted by ber View Post
    Dont want to be a pessimist but i really think we have only scratched the surface yet, the big killer is going to be
    inflation caused by things outside our control, the big two being energy costs and intrest rates both of which are
    only going one way and thats up. The domestic economy is in a really bad place and i see no improvement only
    deeper in the mire, people that have spare cash are saving it now not spending it. In the good times on average
    people saved 2 euro of every hundred earned now they save 13 euro of every hundred earned. What that means
    basically is that not alone are we not generating as much money in the economy but the little we are generating
    we are holding on tightly to and not letting go. U cant blame people for that and it aint gonna change any time soon
    You have hit the nail on the head Ber. Those things are the biggest killer for any economy in a recession, once oil price goes up, everything else follows. It is totally understandable why people are not spending anymore. At the moment it's summer,come winter we need the heating,lights switched on longer,heartier food,etc. And all of it starts with oil.
    There is no point in thinking renewable energy will save everything,not a chance. It can't generate as much energy as solid fuel/nuclear. I caught a glimpse of the 9pm news and there seems to be more taxes and spending cuts on the way for the next budget. Where the hell do we go from that then?

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    hd7055 (29-07-11)

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