world gone mad

girne 29


Joined: 06/12/2007
Posts: 1488

Message Posted:
20/09/2008 12:52

No wonder the economies of some countries are in so much trouble,when all seems to hang on the housing market as opposed to export market



First A.Darling lowers stamp duty on house purchase to boost the economy by getting house prices to go up again. Is that the best we can do!!Thought thats one of the reasons we were in trouble in the first place.



Then TRNC finance minister says no problem with economy and uses example of resilience of building sector,with 19,000(yes 19,000!) new builds under way.





Bet China and India are not focusing there economic fortunes on the housing market.

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
20/09/2008 13:26

just watched middle east business report on tv. the middle east seem to be.



what i would like to know is how turkey is doing so well? when everywhere else is suffering.

girne 29


Joined: 06/12/2007
Posts: 1488

Message Posted:
20/09/2008 14:46

Turkey was lagging behind,and has room to expand and manoevre,but the inflation is about 6.5%,so also feeling the effects.The turkish economy is in growth,apart from this year, so dont need to look at internal 'kid on' solutions' to solve present problems.



Another well run Turkish sector is tourism ,11% of GDP a massive earner,and although slowed down this year ,has increased from 1million visitors in' 83 to 19 million now.

No attitude of 'screw the tourist this year and let next year look after itself' in Turkey,and they have reaped the rewards for the long term strategy.



Its how the problems are attended to that makes the difference.

If in the UK our economy is so dependant on housing ,then we are in trouble,and long term at that.

Likewise in TRNC ,can someone explain how adding !9,000 houses to the already large number of unsolds,improves the economy?Certainly adding to the eyesores ,will do nothing for tourism . ANywhere else ,having such a large amount on the market and nobody buying, would spell disaster,especially for those trying to sell.



Meanwhile while we spend billions tinkering with the property market, the Chinese and Indians Turks, and others in the developing world are spending the same on factories.

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
20/09/2008 15:29

World gone mad you say !!! Some fool has just paid over £8 million quid for a stuffed shark in a glass case by Damien Hurst, god knows what the starving people in Africa would think.

girne 29


Joined: 06/12/2007
Posts: 1488

Message Posted:
20/09/2008 18:51

yes and what about willing to pay £135 million for Ronaldo to cross Manchester,but there is no money to prevent the elderly dying from the cold.



'Fall of the Roman Empire', one can see the similarities,except, where they had corn and circus, now a lot of people only have the circus.