Credit Crunch ™ is over

[BrilloPad]

Credit crunch is not over. Banks are still being very careful with their lending and more companies are thus going bust and unemployment still rising. This will make banks even more reluctant to lend.

The recession will drag on as people hold back on spending and concentrate on paying off debts as they continue to worry about their jobs.

Petrol will reach 1.20 pounds a litre again by Xmas further putting brakes on spending power and thus the economy.

Inflation will rise over the next year, meaning interest rate rises..... taxes will also rise and public spending will be cut to fill Labour's enormous black hole, all of which will damage the recovery by reducing disposable income.

If you are right then console yourself with the thought of a Tory government next May and the fact that everything will be perfect after that.

[DimPrawn]

Credit crunch is not over. Banks are still being very careful with their lending and more companies are thus going bust and unemployment still rising. This will make banks even more reluctant to lend.

The recession will drag on as people hold back on spending and concentrate on paying off debts as they continue to worry about their jobs.

Petrol will reach 1.20 pounds a litre again by Xmas further putting brakes on spending power and thus the economy.

Inflation will rise over the next year, meaning interest rate rises..... taxes will also rise and public spending will be cut to fill Labour's enormous black hole, all of which will damage the recovery by reducing disposable income.

I'd say wrong on pretty much all counts there.

People are spending again. Credit is becoming easy again. Unemployment won't rise much more than it is now. Interest rates are going to be close to zero for at least 2 years maybe 5 or more.

Boomed!

[alreadypacked]

I'd say wrong on pretty much all counts there.

People are spending again. Credit is becoming easy again. Unemployment won't rise much more than it is now. Interest rates are going to be close to zero for at least 2 years maybe 5 or more.

Boomed!

What about all the students that will not get into Uni. and can't find a job. Unemployment will rise, New Lie will adjust it, but they will not go away.

[DiscoStu]

What about all the students that will not get into Uni. and can't find a job. Unemployment will rise, New Lie will adjust it, but they will not go away.

Hence them all being encouraged to go on gap years.

[NetwkSupport]

the rich are just getting richer and the poor are getting poorer thats all.

[DimPrawn]

the rich are just getting richer and the poor are getting poorer thats all.

Which is why I'm voting Labour.

[Cyberman]

I'd say wrong on pretty much all counts there.

People are spending again. Credit is becoming easy again. Unemployment won't rise much more than it is now. Interest rates are going to be close to zero for at least 2 years maybe 5 or more.

Boomed!

If you think that interest rates will remain at these low levels for that long then that really is proof that the recession will be dragging on and makes your argument illogical. Any sort of recovery would mean interest rate rises to counter inflation.

[DimPrawn]

If you think that interest rates will remain at these low levels for that long then that really is proof that the recession will be dragging on and makes your argument illogical. Any sort of recovery would mean interest rate rises to counter inflation.

Not at all.

Credit will be free flowing, rates low, asset prices (houses etc) will balloon and people will become "rich" again.

All funded by public borrowing and printing money like it's going out of fashion.

Why bother with industry and a proper economy when you can print money?

[Cyberman]

If you are right then console yourself with the thought of a Tory government next May and the fact that everything will be perfect after that.

The major benefit of the Tories will be that they will take tough decisions on public spending and pensions that Labour have failed to do. We are rapidly disappearing into an abyss under these incompetent cretins.

[Cyberman]

Not at all.

Credit will be free flowing, rates low, asset prices (houses etc) will balloon and people will become "rich" again.

All funded by public borrowing and printing money like it's going out of fashion.

Why bother with industry and a proper economy when you can print money?

All those points would cause inflation and thus interest rate rises, which destroy your argument.