So far this recession is not worse than the last one

[ThomasSoerensen]

Crap graph as it shows absolute values not percentage - exactly what Blastland is talking about.

This one is better:

http://curiouscapitalist.blogs.time....the-last-five/

Also note these are American nums not British ones,

still, we are not even near start of recovery

[Doggy Styles]

Crap graph as it shows absolute values not percentage - exactly what Blastland is talking about.

This one is better:

http://curiouscapitalist.blogs.time....the-last-five/

Also note these are American nums not British ones,

Aha! The nation that doesn't know what a proper billion is. So they are probably out by a factor of 1000.

We're boomed! I mean doomed!

[Cyberman]

still, we are not even near start of recovery

We won't start to recover until the middle of 2010, when we have the next election. By then most of the guys on this BB will be out of work, and won't be feeling so smug.

[snaw]

We won't start to recover until the middle of 2010, when we have the next election. By then most of the guys on this BB will be out of work, and won't be feeling so smug.

Maybe. But we'll get work again in 2011. You'll still be a c0 ck.

[BrilloPad]

...as the excellent Blastland shows:

http://news.bbc.co.uk/1/hi/magazine/7883619.stm

Interesting how the press have their own agenda - presumably by exagerrating the effects, they can force down interest rates which are a good thing for the Murdoch empire

Depends what you mean by worse. So far there has been the sharpest drop in GBP for quit a while(1948?). So far the effects have not fully been felt : but I think they will.

Not sure it was a good idea for you to go on holiday...

[Cyberman]

Anything in the BBC I take with a pinch of salt. This is pure Labour propaganda IMO to try to make things appear better than they are. The fact is that I have lived through a number of recessions and this is by far the worst so far, and the worst handled by any of those governments in over 50 years. Never have the banks and the economy been in such a mess and never have I known interest rates so low and with the availability of mortgages so low.

We are also seeing exceptionally sharp rises in unemployment, consumer spending has fallen off a cliff, and the incompetence of our leaders means that they have not got a clue what to do, but waste our money. The 12.5 Billion wasted on the VAT cut immediately springs to mind with no attempt to reverse it !!!!!