Why is UK becoming a third world country?

It is more fun criticizing

UK became a destination for migrants, a land of their dreams.  Its no loner the case, There is not enough jobs, wages have not not gone up much but cost of living has.

Some the reasons mentioned were lack of productivity, stemming from a perception of glory of the past.  That is why there is little or no investment in learning and skills development.   

And may I add, the influx of refugees has corrupted the mindset and the determination of Englishmen.  The Muslims want to dominate UK, and in effect they are a vanquished nation?

Declining oil prices not good for the economy after all

It is more fun criticizing

Philippines April 13, 2016

MIT - can deflation be prevented?

Deflation a threat to investors?

The plunging oil prices may be good for consumers: those who use gasoline and diesel fuel (like in fuel thirsty country like US)  But not good for the oil producers.  It has created difficulties and hardship for oil drillers rig makers, employees of oil companies, lenders to oil industry.  No investments are being made in oil production.  It has affected not only those in the industry but outside the industry.  It has also created downward spiral elsewhere in the economy.

In the ME a number of OFWs who work in the oil related industries are being sent home.   So this has affected consumer behavior as well.  Many consumers are buying less.  Economist say this is deflationary which is worrisome.  Prices will continue to plunge contracting the economy and leaving in its tailspin an economy in recession.

Deflation raises real value of debt and makes it harder to service.   It is a threat to investors.  For many central banks, the lower limits of low low interest rate has been reached.  (Why Japan now has negative interest rate?)

In most countries recession is tame, or no longer poses a threat.

Countries with floating currency like Japan and US can counter this with printing more money.   Easier said than done.


Do you agree?