She was the one that reigned in the overwhelming power of the trade unions, that had been responsible for choking UK industry throughout the 60s and 70s

https://www.nytimes.com/2020/01/10/opinion/brexit-scotland-northern-ireland.html

Neither the poll tax nor the council tax that replaced it are terribly fair

I doubt it @Crafty

The most that could happen would be a reunification of Ireland and even that is unlikely

Scotland can't leave because they aren't getting a referendum and Wales doesn't want to

interesting

There was 2 recessions under her some article said. Recessions arn't because of political party tho. Markets do what markets wanna do.

government policy affects markets, therefore can affect recessions

can affect it a little.

but generally people don't factor in the lag between policy and effect

Its like the 08 recession and the www recession

08 recession was definitely due to, and exacerbated by government policy

Possibly Clinton telling banks to give out more loans to minorities could of caused it but it mostly the Banks fault.

no, not really

the cause hasn't been fixed yet

Thats one of them from what ive read.

it's an exacerbating factor

bank are allowed to create money out of thin air in order to lend to people for profit -tha amount they are allowed to lend is proportional to the size of their assets (historically "deposits") - called fractional reserve banking

poor regulation meant banks "bundled up" existing loans into products they could then trade, and stick on their balance sheets as asssets

bonds isnt it?

they were tiers of bonds they sold.

It was that sort of thing that caused the recession since these instruments grotesquely inflated their "asset" value, and allowed them to essentially loan out money they didn't have

bonds are a form of loan

They were selling the bonds that were fomr people who had bad credit. Something like that.

don't think "bond" is the appropriate term, but essentially yes

Ive seen the Big Short.

xD

Bottom line is, when the loans go bad, huge losses are incurred because it has a magnifying effect through the system

We're now at the point where banks don't need depositors to make loans or make money

And that's a problem

That doesnt sound good.

There will be a recession in the next 12 months I think.

where?

They usually happen every 8 years

The markets have dipped a bit but they keep going up. They keep testing it so If that keeps happening it will eventually happen.

If there's a recession in the next 12 months, it'll be brexit-related. But I doubt there will be

I mean mostly NA recession.

But that would affect UK too.

The media will try to Blame Trump or Boris. It wont be tho.

Why would you think there'll be a recession in america?