Nobody knows, we have been running this economy on the equation of exchange for 40 years and money velocity and production are clearly screwed. But...
"there is no basis in economic theory or supporting evidence for the Government's belief that by deflating demand they will bring inflation permanently under control"
Tells me roasters with opinions are usually wrong.
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Reply to: To V or not to V
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Previously on "To V or not to V"
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Originally posted by DimPrawn View PostSo are we boomed or doomed? Where's the executive/cretin friendly summary?
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So are we boomed or doomed? Where's the executive/cretin friendly summary?
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Originally posted by ChimpMaster View Post
Make no mistake, the real economy is in a world of pain. Since housing is more sensitive to the real economy, even with cheap money, I am more bearish on that. It's also worth remembering that the UK stock markets are still 25% down on their recent peak, so the recovery has been much shallower than the tech-heavy US, so far. It's difficult to see housing going anywhere but down, but it probably won't be clear until the autumn when price discovery has occurred and the gov't schemes have properly ended (noting the 45 day redundancy notification period).
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Originally posted by ChimpMaster View Post
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Even if social distancing doesn't impact businesses too much, the other big unknown is...
Will people go back to normal levels of spending any time soon?
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I thought they said a slightly lopsided V, which sounded more tick-shaped to me (not the bity critter, obvs)
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V was only ever a vishful dream by the powers at be.
How many of the 8.5 million furloughed will end up unemployed when the scheme is curtailed?
How many businesses are not viable with social distancing?
It's hard to see how this is not going to be far worse than 2008. The early 1930s looks like a more realistic parallel.
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But yeah, Poops called the not V shaped recovery this week, before most other people did a month ago
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To V or not to V
New thread to keep LM's thread clean
As posted by the class idiot .....
Originally posted by scooterscot View PostUpdate your search results for a month before, not the present day, yah numpty. You asked the average joe just as recently as a month ago, they were all bull. Not me. I called it
The market’s post-pandemic recovery could look a lot like 2008-09, van Eck says
The V-Shaped Market Recovery Playing Out Perfectly
Originally posted by scooterscot View PostCobblers.
Everyone is talking about a V shaped recovery.
Oh, and links I added were also dated mostly a month ago, and they also were not talking about a V shaped recovery.
Originally posted by Whorty View PostCobblers.
You say everyone is, but a quick Google proves, once again, that you like to spout rubbish and hope no one checks the facts.
These are all from the 1st page in Google. You really do make up a lot of tulip.
L shaped (with a bit of U)
What will economic recovery look like? Here's what to expect | AZ Big Media
Nope, LSE don't expect V either.
How different will this time be? Assessing the prospects for economic recovery from the Covid-19 crisis | EUROPP
Nope, CNBC don't think V is unlikely
Coronavirus update: A '''V'''-shaped economic recovery getting less likely
From the Guardian, regarding our governement's view. They'd love a V, but don't expect it
Chancellor plays down hopes of quick economic recovery | Business | The Guardian
1) 28th Apr
2) 23rd Apr
3) 6th Apr
4) 19th May
Pooper's link dates
1) 14th Apr
2) 17th AprLast edited by Whorty; 30 May 2020, 18:42.Tags: None
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