scrubbedexpat141

I got pissed and decided that the there needs to be a reduction in old people anyway. When you're drunk it sounds fair and justifiable compared to pretty inhumane when you're sober.....but the fact is we can't put the world on pause and think it's all going to be OK in the long term.

Lion in Winter

An unfortunate turn of phrase

Glad things are manageable though.

scrubbedexpat141

Spoke to the old man about this last night as well. He's nearly 70 and whilst healthy-ish, he's overweight.
I think he said something along the lines of - the damage to the elderly has been done probably, they can't continue to pay people to do nothing and expect to survive with the debt it will create.

Fingers crossed for a vaccine early next year or something.

Of all the people to pop in and comment on that, you're not high on the list I'd have expected.

NorthernLad

I was talking to a friend several months ago who works in UK banking, two things he said stuck with me - the first being that our children will be paying for the recovery, not just us.
Secondly, there were a lot of well known businesses surviving hand-to-mouth, the pandemic will finish them off (as we've seen). Good timing for those businesses who were clinging on by their fingernails, they can blame it all on COVID. Philip Green must be seething.

Millhouse

I have a feeling the grandkids will be paying for this one.

scrubbedexpat141

We're now at post WW2 levels of debt....which the final payment was made to the US in 2006.

Millhouse

and this time we don’t have a population boom to repay it. Which means we will have a combination of:
1. Austerity
2. immigration

Its going to be hard to maintain services and wages in this framework. Hopefully we can inflate the debt away, but that also screws the non-asset owning classes.

csdf

You're all doom and gloom of late...

scrubbedexpat141

In fairness, the last thing the world needs is a population boom.
Austerity never brought the debt down post 2008, well, it stabilised it but I'm sure it stayed really high. Guess more of it would go towards paying those bills and these.

I can't believe over 10% of working people are still on furlough at the moment. My mate was terrified at the start of it but then realised he had a 6 week paid holiday, where he was actually better off (no petrol, lunches, parking or childcare costs were more than the 20% reduction)....in fact, the same guy works in a specific area of retail that's really busy at the moment and just got paid a really decent bonus.

Anyway, it all only compounds the uncertainty of what the hell to do with money at the moment.

Millhouse

Well, it's going to be very rough for a lot of people and we need to recognise that.

Redddindxb

Made redundant in June, the day after i left said company i received a a new offer that was much higher
Goodness knows how i managed that!

scrubbedexpat141

Saudi's international flight ban is causing all sorts of grief. Time to live and let die.

Millhouse

very selfish of you scamp.

scrubbedexpat141

My not far off 70yr old, overweight Father even agrees.

csdf

So now daily covid cases in the UAE are back to roughly double what they were when things started to ease off, do you think there will be a renewed curtailment of activities or are we over all that fuss and bother now? Abu Dhabi seems to be doubling down on making it difficult for people to visit from Dubai.