Is the recession over?

**sasguru** · 4 March 2010, 10:22

Nah, jsut starting.

HTH

**Menelaus** · 4 March 2010, 10:23

No.

**DimPrawn** · 4 March 2010, 10:29

By official figures yes.

There'll be a lot of ups and downs over the next few years. The real crash has been in paper currencies due to the trillions printed.

Lots of scope to make a lot money if you think about it.

I think we'll see a big tick up or down after the next election, depending on who gets in / hung parliament.

Lots of big tax rises and job loses then too, and that's when UK property prices will take a big hit.

I'll pile in on UK property at that point. Until then it's move your cash around the currencies and gold game.

Buy buy buy!

bye bye.

**TimberWolf** · 4 March 2010, 10:34

Originally posted by DimPrawn View Post

By official figures yes.

There'll be a lot of ups and downs over the next few years. The real crash has been in paper currencies due to the trillions printed.

Lots of scope to make a lot money if you think about it.

I think we'll see a big tick up or down after the next election, depending on who gets in / hung parliament.

Lots of big tax rises and job loses then too, and that's when UK property prices will take a big hit.

I'll pile in on UK property at that point. Until then it's move your cash around the currencies and gold game.

Buy buy buy!

bye bye.

Check this out for über doom to come in the house market:

GfK estimates that about 3.8 million people are now paying more on their mortgage than their house is worth..."The reality is that if there are further job cuts, the problem will become significantly worse."...The report came on the same day that Nationwide, Britain's biggest building society, said the fall in property prices was continuing apace, with average prices falling a further 1.8 per cent in January, taking them back to the level they were in April 2004.
http://www.telegraph.co.uk/finance/p...chers-say.html

**Menelaus** · 4 March 2010, 10:36

The big dip is coming in 2011/2012 when big corporates are unable to refi their debt because the ratings and the data on which a refi package would be built is so volatile as to be thoroughly misleading.

**DimPrawn** · 4 March 2010, 10:39

http://news.bbc.co.uk/1/hi/business/8549000.stm

UK house prices recorded their first monthly fall since June with a 1.5% drop in February, the Halifax has said.

**sasguru** · 4 March 2010, 10:48

House prices in prime London locations rise by £16,000 per month.

http://www.guardian.co.uk/money/2009...ndon-locations

Boomed! I feel sorry for you provincials.

PS Don't know why I go to work.
Ah just rememebered - I get loads of wonga for doing very little. Multi-boomed.

**DimPrawn** · 4 March 2010, 10:55

Originally posted by sasguru View Post

House prices in prime London locations rise by £16,000 per month.

http://www.guardian.co.uk/money/2009...ndon-locations

Boomed! I feel sorry for you provincials.

PS Don't know why I go to work.
Ah just rememebered - I get loads of wonga for doing very little. Multi-boomed.

If you compound that rise over the next 10 years, your house will be worth £300,000,000,000,000

Well done!

Best go spend it now!

**Pondlife** · 4 March 2010, 10:57

Originally posted by sasguru View Post

House prices in prime London locations rise by £16,000 per month.

http://www.guardian.co.uk/money/2009...ndon-locations

Boomed! I feel sorry for you provincials.

PS Don't know why I go to work.
Ah just rememebered - I get loads of wonga for doing very little. Multi-boomed.

Bloody hell. Is it 2009 already?

That came around fast.

What recession?	12.50%	4 votes
The worst is over but the road to recovery will be rocky	21.88%	7 votes
The tulip has yet to hit the fan	46.88%	15 votes
Buy beans and ammo	9.38%	3 votes
sasguru laughs in the face of recession and runs away muttering something about cretin	9.38%	3 votes

Is the recession over?