Reply to: This recession is pants ...

[Churchill]

Technically no. But we seem to be talking ourselves into one.

Somebody is making themselves a tidy profit with the FTSE swinging between 49xx and 53xx!

[BrilloPad]

Are we in a recession?

Technically no. But we seem to be talking ourselves into one.

[Doggy Styles]

Are we in a recession?

No. Not yet, anyway.

[gingerjedi]

Are we going to escape hyperinflation? And indeed do the powers that be even want to avoid it?

Just my luck, through sweat, toil and a bit of fortune I'm debt free for the first time in my life.

Could have just sat back and waited.

[Churchill]

Or old & dead like Steve Jobs.

I shouldn't think he's too bothered about the fact.

[doodab]

Are we in a recession?

[AtW]

I remember Orangeboom was 40p a pint in the union bar

I did not ask you granddad.

[sasguru]

How much was pint of cheap lager that you were drinking back then?

I remember Orangeboom was 40p a pint in the union bar

[AtW]

I was at Uni back then, getting pissed. Don;t remember much about it.

How much was pint of cheap lager that you were drinking back then?

[BrilloPad]

Agreed. I think the only reason this lot of QE has arrived is that they want to inflate their way out of the problems and the last two lots just haven't worked.

yeah. shame about anyone who has retired. personally I dont plan on retiring ever. I can't see that I could ever afford to.

[eek]

And I think it will be pants for a long while to come. Until we get QE47. Followed by hyperinflation.

HTH

Agreed. I think the only reason this lot of QE has arrived is that they want to inflate their way out of the problems and the last two lots just haven't worked.

[BrilloPad]

Perhaps. Isn't that part of the problem though? Youngsters with no sense of perspective?

It could be worse and be old with no sense of perspective.

[BrilloPad]

.. . so far anyway.
The press may well be right about all the doom but what's happened in practice?
Compared to the 1990/1991 not much: unemployment is lower, most people still have their houses - there have not been the mass repos of 1991, house prices haven't gone down much, interest rates are zero compared to double figures, if you go out in the evening people seem to be still spending like mad.

I remember the same blood curdling predictions from the early 1990: the end of the West, the rise of Japan (it was the one to watch those days), etc etc.
And what happened? By the mid to late 90s Britain was booming again.

And I think it will be pants for a long while to come. Until we get QE47. Followed by hyperinflation.

HTH

[MarillionFan]

Perhaps. Isn't that part of the problem though? Youngsters with no sense of perspective?

I was at Uni back then, getting pissed. Don;t remember much about it.

[Churchill]

Perhaps. Isn't that part of the problem though? Youngsters with no sense of perspective?

"Those who cannot remember the past are condemned to fulfill it" - George Santayana