Global recession coming

**EternalOptimist** · 14 March 2007, 16:51

So who will be the winners and who will be the losers?

**sasguru** · 14 March 2007, 16:58

Winners: Cash rich, no mortgage
Losers: Anyone with a huge mortgage and debts

No surprise there, then...

**Buffoon** · 14 March 2007, 17:27

Originally posted by sasguru

All the signs point to it ....Tighten your seat-belts.

Any particular signs or just 'things' in general.

**sasguru** · 14 March 2007, 17:29

US housing market falling
Stock markets on the decline
Dollar falling

**wendigo100** · 14 March 2007, 17:31

Originally posted by sasguru

Winners: Cash rich, no mortgage
Losers: Anyone with a huge mortgage and debts

With all that extra debt around, it'll be a feck sight worse than the last one then.

**Troll** · 14 March 2007, 17:35

Doomed

**sasguru** · 14 March 2007, 17:36

Originally posted by wendigo100

With all that extra debt around, it'll be a feck sight worse than the last one then.

Aye ...

**Buffoon** · 14 March 2007, 17:42

Originally posted by sasguru

US housing market falling
Stock markets on the decline
Dollar falling

Current Fed Chairman says no, but the previous one says there is a 30% chance of one.

I'm not saying that you are wrong, but I think ** at the moment ** the doom and gloom might be a bit over done.

US housing market falling - Same problems there as in the UK.

Stock markets decline - yes there has been a sell off but it hasn't done more that take the US indices back 6 months.

Dollar falling. Yes - Dollar index (chart) is very low.

As always, time will tell.

**cykophysh39** · 14 March 2007, 17:45

Yep, I definetly think it is coming.
Funny I was just saying this same the other day at a dinner party, and I was told not to worry as the Chinese are going to emerge as the Dominant economy ??

Global recession coming