Some People Still Think This Will Be All Over In A Few Years!!!

Kenny4315

carolt wrote: »

than a long, drawn-out recession/depression on the back of house prices.

You've had a long drawn out boom on the back of house prices.

What's going to happen to the billions of pounds of wealth in houses that has evaporated that was proping the economy for so long. That's going to be a tremendous shock to the system.

Those that will start moving the housing market will in the end be investors.

mbga9pgf

That and the 5% of GDP which Mortgage equity withdrawl pumped into the miracle economy as well!

Edit: looking what is happening to china at the mo doesnt bode well for the future... looks as if demand has fallen off a cliff!

Really2

mbga9pgf wrote: »

That and the 5% of GDP which Mortgage equity withdrawl pumped into the miracle economy as well!

Edit: looking what is happening to china at the mo doesnt bode well for the future... looks as if demand has fallen off a cliff!

Did you not notice that it is still 10% YOY and the graph does not go negative?
http://www.economist.com/countries/CHINA/profile.cfm?folder=Profile-Forecast

the_ash_and_the_oak

Much like UK housing circa October 2007!

treliac

fc123 wrote: »

I'm working on that...start supplying Bahrain in Spring.

Meant to thank you earlier for this post fc. If there were more pioneers like you around, out there selling to the rest of the world, we'd climb out of this recession, in spite of Gordon Brown.

fc123

treliac wrote: »

Meant to thank you earlier for this post fc. If there were more pioneers like you around, out there selling to the rest of the world, we'd climb out of this recession, in spite of Gordon Brown.

Out here in micro economic Land, there are a fair few people like me (obviously I am up there in the top echelons *only bigging myself up to build up confidence* ) and we are all knuckling down and getting on with it.

My living is earnt from ideas that come out of my head and are then, turned into products. That's the tricky bit but I feel more comfortable being reliant on that than I would be being employed (PAYE) and relying on other peoples ideas and skills.
The e-tail thing may not last for ever (that's what happens in my sector), but it is turning out to be a great springboard......which requires a bit more creative thinking on my part to benefit from any opportunity that comes my way.

ETA; The Chinese graph cheered me up a little bit...I knlow it shouldn't because of the wider implications...but it did....just for a moment