Is the recession over?

[Scary]

Not me for sure.

But are you wealthy, overseas or a buyer?

[DimPrawn]

I'm getting a very smug feeling reading this thread and realising how many good decisons I've made over the years.

Have a good gloat and a bit of a sneer too.

[fullyautomatix]

This recession will get a lot more worse when

1) Government cannot borrow anymore since the credit card is maxed out.
2) Pound sterling loses considerable value.
3) Hyperinflation due to 2)
4) Public sector employees are laid off en masse and are unable to get a job in private sector.
5) Private sector companies leeching off government contracts go bust.
6) House prices fall by 50%

So who will get out of this alive?

1) People who have no debt and massive savings.
2) People who have invested in USD and gold.
3) People who are employed in sectors like technology and manufacturing selling products overseas.

[TimberWolf]

...

So who will get out of this alive?

1) People who have no debt and massive savings.
2) People who have invested in USD and gold.
3) People who are employed in sectors like technology and manufacturing selling products overseas.

1) have already been roasted on a spit, earning negative interest in the bank and seeing the Pound debased.
2) Me, but a bit late in the day.
3) Yeah, people that keep their highly paid jobs will do well out of the recession, e.g. doctors.

[Moscow Mule]

So who will get out of this alive?

4) People with a mortgage & a job to service it.

Won't hyper inflation **** over people with savings & no debt?

[HairyArsedBloke]

[DimPrawn]

This recession will get a lot more worse when


So who will get out of this alive?

1) People who have no debt and massive savings.
2) People who have invested in USD and gold.
3) People who are employed in sectors like technology and manufacturing selling products overseas.

Permission to enter smug mode sir?

[doodab]

This recession will get a lot more worse when

1) Government cannot borrow anymore since the credit card is maxed out.
2) Pound sterling loses considerable value.
3) Hyperinflation due to 2)
4) Public sector employees are laid off en masse and are unable to get a job in private sector.
5) Private sector companies leeching off government contracts go bust.
6) House prices fall by 50%

So who will get out of this alive?

1) People who have no debt and massive savings.
2) People who have invested in USD and gold.
3) People who are employed in sectors like technology and manufacturing selling products overseas.

People with lots of sterling denominated debt will benefit as the debt is devalued.

[HairyArsedBloke]

This recession will get a lot more worse when

1) Government cannot borrow anymore since the credit card is maxed out.
2) Pound sterling loses considerable value.
3) Hyperinflation due to 2)
4) Public sector employees are laid off en masse and are unable to get a job in private sector.
5) Private sector companies leeching off government contracts go bust.
6) House prices fall by 50%

So who will get out of this alive?

1) People who have no debt and massive savings.
2) People who have invested in USD and gold.
3) People who are employed in sectors like technology and manufacturing selling products overseas.

That is inconsistant with 2/3 above.

[fullyautomatix]

That is inconsistant with 2/3 above.

A very good point.

However, hyperinflation will probably not hit with a bang.

I am suggesting that there will be enough time to move your money into USD/Euro when the tulip hits the fan. You then have enough hard currency to buy goods.

If you have no currency you are now probably having just assets to sell to survive.

Mind you, when hyperinflation hits, everything will be traded in alternative currency, USD/Euro/Gold.