The Great Recession

[Mich the Tester]

We shall borrow on the beaches, we shall borrow on the landing grounds, we shall borrow in the fields and in the streets, we shall borrow in the hills; we shall never be in the black, and even if, which I do not for a moment believe, this Island or a large part of it were ever in the black, then our Empire beyond the seas, armed and guarded by the British Fleet, would carry on the struggle, until, in God's good time, the New World, with all its power and might, steps forth to the rescue by offering us some right good deals, based on a new-found cornucopia of loot, namely sub-prime mortgages... again.

Never in the history of human commerce have so many been so bankrupted by so few.

[Flashman]

The great recession

Well it's now official, we're now in the middle of the worst recession since 1929 and we're no where near the bottom.

Hang on to your hats this is 9 on the Richter scale.

This could be the end of days. Recession turns to Depression. Mass unemployment. Rioting. Race Riots. Civil war. Fascist Europe returns. And unlike the 1930s there will no escape. No liberating armies this time.



On the other hand. Interest rates are falling fast. Shops are having loads of Sales. Fuel costs are down The Pound is down against the Euro, giving us a 15% gain in competitiveness (no wonder President Barrusso hates us). And it can only be a matter of time before the Tories come in and fix the mess.

The fightback begins?

[Bob Dalek]

This could be the end of days. Recession turns to Depression. Mass unemployment. Rioting. Race Riots. Civil war. Fascist Europe returns. And unlike the 1930s there will no escape. No liberating armies this time.



On the other hand. Interest rates are falling fast. Shops are having loads of Sales. Fuel costs are down The Pound is down against the Euro, giving us a 15% gain in competitiveness (no wonder President Barrusso hates us). And it can only be a matter of time before the Tories come in and fix the mess.

The fightback begins?

Well said, sir! Pret a Manger have already changed their prices to reflect the new 15% VAT rate! My double espresso was 3p cheaper! Rejoice! Rejoice!

[AtW]

<portentous voice> The Last Best Hope for Peace</portentous voice>

[Mich the Tester]

This could be the end of days. Recession turns to Depression. Mass unemployment. Rioting. Race Riots. Civil war. Fascist Europe returns. And unlike the 1930s there will no escape. No liberating armies this time.



On the other hand. Interest rates are falling fast. Shops are having loads of Sales. Fuel costs are down The Pound is down against the Euro, giving us a 15% gain in competitiveness (no wonder President Barrusso hates us). And it can only be a matter of time before the Tories come in and fix the mess.

The fightback begins?

Apparently the US christmas shopping season had a better than expected start.OK, so maybe they were expecting plague and pestilence and then a customer turned up in New York, but still; things might turn out OK.

[Flashman]

<portentous voice> The Last Best Hope for Peace</portentous voice>

You think its all Over? Did you say "over"?

Nothing is over until we decide it is! Was it over when the Germans bombed Pearl Harbor? Hell no!!!!

And it ain't over now. 'Cause when the goin' gets tough... the tough get goin'! Who's with me? Let's go!!!

[expat]

How do you know we're nowhere near the bottom? How do the chappies at bloomberg, who probably didn't see this coming, know whether we're near the bottom?

They got it wrong last time, so they must get it right this time. Law of averages, innit?

[Turion]

Send in Russian tanks to make people spend more money.

[EternalOptimist]

The worst recession since 19:29 ??? big deal .

It's one oclock now and things are picking up, its just part of the weekly cycle

[gordonbrown]

The great recession

Well it's now official, we're now in the middle of the worst recession since 1929 and we're no where near the bottom.

Hang on to your hats this is 9 on the Richter scale.

I beg to differ. If you read that article carefully it is talking about the USA, not the UK.

After 10 years of unbroken growth, low inflation and low interest rates, the UK is far better prepared to ride out the downturn than any other leading nation.

It is a source of national pride that a British Prime Minister is being asked by those leading nations throughout the world to advise, cajole and lead them through their current financial re-alignment.