Just how bad are things likely to get?

BACKFRMTHEEDGE

Today I've seen & heard some of the most depressing assesments of the economy so far. The recession apparently is going to be deep and long and we won't see recovery into 2011 at the earliest:eek: Please can some bulls tell me this is just scaremongering:cool:

Realy

BACKFRMTHEEDGE wrote: »

Today I've seen & heard some of the most depressing assesments of the economy so far. The recession apparently is going to be deep and long and we won't see recovery into 2011 at the earliest:eek: Please can some bulls tell me this is just scaremongering:cool:

Well I have heard it could be the first to last a year (the first since 92 i think) but I have not heard untill 2011 (housing maybe) I think we should be coming out of recession in a year. But I am a posertive chap.:D

hethmar

We shant starve, we shant die of cold - we will get through it

PasturesNew

hethmar wrote: »

We shant starve, we shant die of cold - we will get through it

Research that came out today said that this winter 20,000 vulnerable people could die because they can't afford to heat their homes.

hethmar

I KNEW someone would come up with that ! But I was just trying to cheer up the OP.

wymondham

A recession is a very individual thing .... some people will do badly, but some will be completely unaffected, indeed could even prosper if they have the sort of job that benefits from a downturn (bailiff etc..)... so it's impossible to say how average Joe will be effected....

I do think however that the predicted cold Winter along with the unprecedented rises in energy costs could effect many more people than the usual old and frail..... lets hope these costs go down before the cold snap arrives.

sorry, I don't mean to sound like a depressing git

hethmar

I wish I hadnt tried to be cheerful now

wymondham

hethmar wrote: »

I wish I hadnt tried to be cheerful now

No, keep being cheerful!!!! Make the most of it now!! :rotfl:

hethmar

Im ok, Ive got a stack of logs And plenty of fat to burn off. (Cheerful enough? Or will someone come on to say how Im risking a coronary for being overweight?)

amcluesent

>The recession apparently is going to be deep and long<

Well, that's what happens after Clown steals pensions and borrows massively even in the 'boom' years. Not a thought of fixing the roof while the sun was shining, he was off doing dodgy wheezes with PFI.

IMHO, the complicit BBC and other controlled media will be trickling out the true story for months yet.

wymondham

hethmar wrote: »

Im ok, Ive got a stack of logs And plenty of fat to burn off. (Cheerful enough? Or will someone come on to say how Im risking a coronary for being overweight?)

Don't worry about that, we'll all be on enforced diets before long!!