We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Recession, where are we.
Really2
Posts: 12,397 Forumite
As the title says where do people think we are.
Personally I think financial wise we are past the worst companies and jobs will be lost but I think we have got past the very worst of it.
Edit.
Perhaps I should add that my veiw is based from the people I know who were mainly hit early on and are slightly improving and personal experience.
Personally I think financial wise we are past the worst companies and jobs will be lost but I think we have got past the very worst of it.
Edit.
Perhaps I should add that my veiw is based from the people I know who were mainly hit early on and are slightly improving and personal experience.
Where are we. 154 votes
Only Just Started
18%
29 votes
1/4 the way through
35%
55 votes
Middle
37%
58 votes
3/4 the way through
5%
9 votes
at the end.
1%
3 votes
0
Comments
-
Only Just StartedWe havn't seen the bottom yet, (not that it's too far off) and after that recovery will drag on for years.'In nature, there are neither rewards nor punishments - there are Consequences.'0
-
MiddleThis is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.0
-
1/4 the way through
Did you say that with your best Churchill impression?stephen163 wrote: »This is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.
Freedom is not worth having if it does not include the freedom to make mistakes.0 -
Unfortunately I feel we are on a knife's edge. Banks' financial problems have been transferred to the state and it is not yet clear that the state can carry the burden.0
-
Only Just StartedUp !!!!!! creek.I came in to this world with nothing and I've still got most of it left. :rolleyes:0
-
1/4 the way throughI think we are near the bottom of the barrel........the problem is it's a very very wide bottomed barrel.0
-
Only Just StartedNot being picky, but what do we mean by "the recession"?
Two consecutive quarters of declining GDP - is the common description, but it could also be a widespread decline in the GDP and employment and trade lasting from six months to a year or lol, even, the third album by rapper Young Jeezy, released on September 2008.
For instance:
Do I expect to see unemployment rise from 2m to a whole lot more - Yes! But is that a recession?
Do I expect more businesses to have vastly reduced turnover and inventories, and many businesses, small and large - to close? Yes, but is that a recession?
Do I expect those parts of GDP to grow - those previously established on widespread credit, on credit which is no longer available. No, but is that a recession?
I could go on - but I think a lot of people, and a lot of businesses are in for one heck of a tough time, and for quite some time - is that a recession?
If it is - that is why I have voted as I have.If many little people, in many little places, do many little things,
they can change the face of the world.
- African proverb -0 -
MiddleNot being picky, but what do we mean by "the recession"?
Two consecutive quarters of declining GDP - is the common description, but it could also be a widespread decline in the GDP and employment and trade lasting from six months to a year or lol, even, the third album by rapper Young Jeezy, released on September 2008.
For instance:
Do I expect to see unemployment rise from 2m to a whole lot more - Yes! But is that a recession?
Do I expect more businesses to have vastly reduced turnover and inventories, and many businesses, small and large - to close? Yes, but is that a recession?
Do I expect those parts of GDP to grow - those previously established on widespread credit, on credit which is no longer available. No, but is that a recession?
I could go on - but I think a lot of people, and a lot of businesses are in for one heck of a tough time, and for quite some time - is that a recession?
If it is - that is why I have voted as I have.
Read my first post.:rolleyes: (The recession means recession, the one we are in! in reality GDP as been decline for longer than we have been official in recession)
We will be out of recession before it will be officially announced.
Why be funny on such a plain and simple thing no one else seems to have your problem with it.
Bold bit is the UK official description not the common.:)0 -
I only vote in anonymous polls
But I think we're not halfway through it yet.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards