Recession & unemployment

ad44downey

The whole MPC committee should get the boot. They've failed abysmally in their task of keeping inflation at 2%. And what's Bonkers Blanchflower doing on the committee anyway, he's not even British.

Dithering_Dad

dopester wrote: »

How predictable.

I nearly posted that immediately the news broke... "Whoopie.. just what !!!!!! and I wished for."

Fact is... it is what we saw job losses coming. This time that company broke mostly due to rising fuel costs - but in no short measure it will be job losses due to an economy so closely linked to incredible rates of house price inflation that is now deflating. If you want to dish out blame do it elsewhere,

If we wish it for happen, I presume your wish is for house prices to continue doubling every 7 years, and everything to be the perfect dream where everyone wins and can continue consuming with designer clothes, cars, holidays, and all kinds of luxuries.

I think you'll find that the artificial reality of that is now over.

Lol you guys make me laugh, you view the world in such one dimensional terms. If someone doesn't want a recession then they're obviously a rabid HPI person. :rotfl:

How predictable is your response. You're so caught up in your own selfish dreams that when you come across someone who cares about the wider community, you view them with suspicion.

Thank heavens we're not all like you and the rest of the 'gang'.

mewbie_2

I was surprised to hear on the radio that we are entering a 'technical' recession. This term will be heard a lot more, as it is a 'newspeak' way of taking the edge off it. 'Technical' sounds so much better than just saying recession. It is like a 'technical' foul, wasn't really a foul, I mean it didn't hurt him much, and anyway it's only a friendly.

'Technically' I think the government/media/Vi's are full of you know what. And 'actually' I know they are.

I hope this is on topic enough.

kennyboy66_2

ad44downey wrote: »

The whole MPC committee should get the boot. They've failed abysmally in their task of keeping inflation at 2%. And what's Bonkers Blanchflower doing on the committee anyway, he's not even British.

Err.. he is British born & bred (& an American citizen having worked there for close to 20 years), and takes his nickname from Spurs most famous player.

Besides are we so clever that can't take advice from anyone outside this country.

ad44downey

Not so sure. If we took his advice inflation would be even higher than it already is.

posh*spice

mewbie wrote: »

I was surprised to hear on the radio that we are entering a 'technical' recession. This term will be heard a lot more, as it is a 'newspeak' way of taking the edge off it. 'Technical' sounds so much better than just saying recession. It is like a 'technical' foul, wasn't really a foul, I mean it didn't hurt him much, and anyway it's only a friendly.

'Technically' I think the government/media/Vi's are full of you know what. And 'actually' I know they are.

I hope this is on topic enough.

'Technically' we & the yanks won't know we are in a recession for about 2 years.:rotfl: Until after we have have had "the revision of the revision of the revision" of the 3rd and 4th Qtr growth figures...LOL

ruggedtoast

Dithering_Dad wrote: »

I'm sure recessions are caused by a bit more than a few BTLers buying up apartments in Basingstoke. Factors such as a high oil price for instance.

We have the highest level of per head consumer debt of any country. And the second highest overall level of indebtedness in the world.

80% of our debt is mortgage debt.

What will it take to get through to you that unaffordable housing is a serious problem not a solution to funding your pension?

brightonman123

petrol up, food up, house prices down, firms gooing bust- its already here!!

chewmylegoff

baby_boomer wrote: »

> If it turns out, as the OECD and the EU are advising, that the UK is the only Western government which will suffer a recession, emperor Gordon will be naked for all to see.

i don't think this is accurate, EU is saying that germany, france, spain and italy's economies are already contracting isn't it?

WTF?_2

dopester wrote: »

How predictable.

I nearly posted that immediately the news broke... "Whoopie.. just what !!!!!! and I wished for."

Fact is... it is what we saw job losses coming. This time that company broke mostly due to rising fuel costs - but in no short measure it will be job losses due to an economy so closely linked to incredible rates of house price inflation that is now deflating. If you want to dish out blame do it elsewhere,

If we wish it for happen, I presume your wish is for house prices to continue doubling every 7 years, and everything to be the perfect dream where everyone wins and can continue consuming with designer clothes, cars, holidays, and all kinds of luxuries.

I think you'll find that the artificial reality of that is now over.

Quite a few people have a lot of physical net-worth (and sometimes self-worth) tied up in the price of their property.

Seeing that net/self worth eroded causes grief: Enter, the Kuebler-Ross Model.

http://en.wikipedia.org/wiki/K%C3%BCbler-Ross_model


A lot of the 'bulls' posting here seem to be still caught in the 'anger' stage.

A few remarkably, after a year of constant price falls, appear to still be stuck somewhere around 'denial'.


When you're in denial and angry, what do you do? 'Lash out' seems to be a popular response and what better target for your aggression that anonymous stranger on the internet who has been predicting this?

It's nothing new or particular to the internet. It's just easier to do these days:

http://en.wikipedia.org/wiki/Shooting_the_messenger

'Don't shoot the messenger".