Anyone seen a recession yet?

[HairyArsedBloke]

Radio 4 - our last, best hope.

Hang on, that was someone else.

[sasguru]

The recession (in terms of negative growth) has only just started in the last couple of months. 2009/2010 will be the grimmest years that anyone can remember.
Anyone who thinks otherwise has their head firmly buried in the sand.
I suggest you plan for the worst.

HTH

[voodooflux]

The recession (in terms of negative growth) has only just started in the last couple of months. 2009/2010 will be the grimmest years that anyone can remember.
Anyone who thinks otherwise has their head firmly buried in the sand.
I suggest you plan for the worst.

HTH

Thanks SAS - you ray of sunshine, you

[TheBigYinJames]

2009/2010 will be the grimmest years that anyone can remember.

Apart fiorm living through the blitz, obviously. It'll need to go some to be worse than Thatcher's Britain of the 80s or the 3 day week of the 70s with power cuts, strikes etc.

It's this sort of "worse than living memory" hyperbole which is out of place until we get there. And we're not there yet, despite us being told it's "just around the corner" for nealry a year now.

[voodooflux]

Radio 4 - our last, best hope.

Hang on, that was someone else.

AtW ?

[sasguru]

Apart fiorm living through the blitz, obviously. It'll need to go some to be worse than Thatcher's Britain of the 80s or the 3 day week of the 70s with power cuts, strikes etc.

It's this sort of "worse than living memory" hyperbole which is out of place until we get there. And we're not there yet, despite us being told it's "just around the corner" for nealry a year now.

Obviously not worse than the Blitz
But there's a very good chance that it could be worse than the 70s,80s,90s.
As for nothing happening in a year - that's just naive. It takes time for things to work thro' the system.
I don't think there has been any time in recent history when liquidity has ceased so suddenly and sharply.
Plus all that debt needs to paid back, remember. Thats a painful process.

[rootsnall]

Thanks SAS - you ray of sunshine, you

WHS

I was struggling this morning after a bad night with the kids but the large helpings of DOOM this morning have cheered me up no end

[TheBigYinJames]

Plus all that debt needs to paid back, remember. Thats a painful process.

Not at all, I see adverts all the time from companies who "using existing legislation" can clear you of debt within 14 days. I may send this info on to Gordon Brown if he wants to borrow some more from the IMF. He can keep the phone number handy.

[sasguru]

Not at all, I see adverts all the time from companies who "using existing legislation" can clear you of debt within 14 days. I may send this info on to Gordon Brown if he wants to borrow some more from the IMF. He can keep the phone number handy.

Using existing legislation means going bankrupt. Do you suggest that everyone with debts does this? That will kill off the economy just the same - those people won't be able to borrow.
Not terribly up on this economy thing, are you ?

[jimjamuk]

had a plumber and a chippy in the last month - both said I was the only work they both had on their books - both let go all their staff