Countries like the UK have come to be known as FIRE economies, because they consist largely of companies involved in Finance, Insurance and Real Estate. These markets were seen as far more sexy and productive than boring old manufacturing or farming.
Which, according to a certain viewpoint, is true: there’s a limit to how much stuff people really need, so once your manufacturing and food distribution processes are suitably efficient it seems wasteful to pour more resources - and people - into making and growing stuff […]
Posts Tagged ‘insurers’
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- More job losses as UK motor industry circles the drain
- VAT up, down, shake it all around
- Anger on the streets (and in the annual shareholder’s meeting)
- Only the women can save us now
- “Arg! We’re all completely screwed!” says Confederation of British Industry
- Unemployment benefits probably won’t cover the mortgage repayments
- “If we cut taxes, do you promise to start spending again? Please?”
- The psychology of confidence
- Interest rates slashed - your savings are now as worthless as your house
- Government abandons its own golden rules on borrowing and debt
- JKA on Economics: Where will it end indeed. UK Car sales, new registrations were down almost 40% in November. The problem is demand and even where there is demand, the
- ooopinionsss: How you think when the economic crisis will end? I wish to make statistics of independent opinions!
- Lance: The goverment has introduced special legislation which means that you will get double the protection allowance if you have savings in two banks that m