Saying the down turn is a media invention couldn't be further from the truth.The word slump is more feared than the f word, and it is studiously avoided.The closest anyone comes is to say they wish to avoid a double dip recession.
You may remember when things were a bit better, there was a twin or even multi track economy.This meant that we had a housing boom for instance and low interest rates, but some things like employment in the north of england weren't so good; manufacturing was in decline, but the service industry was taking up the slack.Lots of other things factor in such as an ageing population.
It's all very well putting up taxes but if no one works, or spends, revenues fall, and benefit payouts mount.
Are you saying that ireland, greece, spain, and us are not in a fix? It's just slumpy starting a thread on a wc'ing forum and making it all up?
Try getting a mortgage wizkid, even better, try getting a job if you think there isn't a problem.If not, then you could do worse than listen to some of the people on here who recognise the true situation and plan on doing something about it.
