Do the BBC have their facts right??

[WiseOwl182]

"Do the BBC have their facts right??"

 

No, they're well and truly anchored to the left.

[Anna B]

"Do the BBC have their facts right??"

 

No, they're well and truly anchored to the left.

 

I totally disagree.

 

---------- Post added 26-08-2015 at 23:02 ----------

 

According to a new report by the McKinsey Global Institute (MGI), China’s debt has quadrupled from $7 trillion in 2007 to $28 trillion as of mid-2014, reaching 282 percent of gross domestic product (GDP) and higher than the level of the United States. Continuing its current pace of growth would see China’s debt reach 400 percent of GDP by 2018, the equivalent of Spain.

 

http://www.mckinsey.com/insights/economic_studies/debt_and_not_much_deleveraging

 

Which is more or less what I said on another thread. These are figures and facts. The BBC reported them. How is that biased or anchored to the left? It's also reported on other channels and in the newspapers.

Edited August 26, 2015 by Anna B

[Vague_Boy]

The Tories would give their right arm for growth like they have in China

 

We had "unprecedented" stable growth in the UK during 1997-2007. But the illusion of growth created by excessive borrowing eventually comes a cropper, as we all found out.

 

Since most financial crashes are preceded by a frantic rise in borrowing—think of Japan in the early 1990s, South Korea and other emerging economies in the late 1990s, and America and Britain in 2008

 

LINK

 

"A frantic rise in borrowing". Yet apparently Labour "weren't spending too much" according to some on here.

[El Cid]

We had "unprecedented" stable growth in the UK during 1997-2007. But the illusion of growth created by excessive borrowing eventually comes a cropper, as we all found out.

 

Perhaps they should have just tried a few hundred million of QE, since that doesnt count the same?

[geared]

Its all a load of cobblers to me. Have people stopped wanting stuff? aren't there any people with the capacity to provide the stuff? no and no. What's all the fuss about?

 

Well yes and no, obviously over here domestic demand is still pretty good, we're buying TV's and Fridges and whatnot at the same rate we always have.

 

but you look more globally and you see the developing markets China had been supplying have hit the skids.

 

Brazil, Russia, Argentina and many similar countries were touted as fast rising developing countries and massive markets who were importing boat loads of Chinese made goods, but one by one the wheels have fallen off and their growth has stagnated.

 

The ongoing mess in the middle east hasn't helped much either, it just sucks in more and more countries and makes the whole region a total no-go area.

Edited August 27, 2015 by geared

[Cyclone]

No, we're not buying fridges and computers at the same rate we always have. When households get nervous about personal debt or security of income they postpone purchases. And when it's lots of households postponing this has a serious impact on sales. Which has a serious impact on the supply chain (causing an oversupply), reduces the profits of retailers and manufacturers and thus reduces government income from taxation.

 

The economy is a lot like a confidence trick. It works whilst everyone keeps moving money around by spending it. But if everyone gets nervous that creates a feedback loop as well.

Imagine what happens to these companies if the slow down lasts too long. They start to make people redundant. The government gets less PAYE tax. More people get nervous about their job security, spending reduces even more!

And of course the shares markets respond, the values of companies fall, your pension investments falls along with these, etc, etc...

[Jeffrey Shaw]

That's what I heard, (Robert Preston on Newsnight)

 

What make you think it's not right?

That his name is in fact 'Peston'.

[WiseOwl182]

That's what I heard, (Robert Preston on Newsnight)

 

 

Robert Peston. Son of a Labour peer.

[Anna B]

Robert Peston. Son of a Labour peer.

 

Your point being...?

[WiseOwl182]

Your point being...?

 

Just stating a fact. ;)