Recession, where are we.

Really2

Middle

bluey890 wrote: »

I am parked up in a local romantic hotspot, typing away on my little netbook.

.

I hope it is not one handed.

LydiaJ

1/4 the way through

Interesting that (so far) the majority of people on here think we're nowhere near the end, whereas the majority of people on the poll on the front page think the HPC is over or nearly over. I don't see how HP can go up if everything else is worsening, so I suppose it shows that the people who choose to come in here aren't representative of MSE users as a whole, let alone the general population.

StevieJ

3/4 the way through

LydiaJ wrote: »

Interesting that (so far) the majority of people on here think we're nowhere near the end, whereas the majority of people on the poll on the front page think the HPC is over or nearly over. I don't see how HP can go up if everything else is worsening, so I suppose it shows that the people who choose to come in here aren't representative of MSE users as a whole, let alone the general population.

Interest rates are not worsening :beer:

tomterm8

Middle

What type of interest rates? The bank base rate is not worsening, but the rate small businesses can actually borrow at seems to me to be much higher than it was a year ago.

Thrugelmir

Middle

LydiaJ wrote: »

Interesting that (so far) the majority of people on here think we're nowhere near the end, whereas the majority of people on the poll on the front page think the HPC is over or nearly over. I don't see how HP can go up if everything else is worsening, so I suppose it shows that the people who choose to come in here aren't representative of MSE users as a whole, let alone the general population.

The housing market like any other market, ie gold, wheat, oil, iron ore, gas, electricity is priced by supply and demand. Just because the economy is in a recession doesn't mean that nobody is buying at all. There are plenty of canny individuals who sold out of the property market a while back that are now re-entering. Selectively picking off good properties at reasonable prices.

My personal opinion is that house prices in some areas are still high in relation to local wages. Also a closure of a single business can hit a very localised area hard. With another 1 million or so predicted to be made unemployed there are some major redundancies to be announced yet.

Looking in a local Estate Agents windows this morning the majority of average house ( 3 beds) are priced below the national average. So elsewhere in the country there must be a lot more expensive property to arrive at this average.

Looks like one BTL investor has gone under in the past week. As 3 properties in the same street, all advertising rooms to let, are up for sale. A clearer indication that the market is changing.

mr.broderick

Middle

geoffky wrote: »

dan how old are you???

You should never ask a lady her age, you are old enough to know that.

mr.broderick

Middle

bluey890 wrote: »

I am parked up in a local romantic hotspot, typing away on my little netbook.

Hold-on, someone's knocking on the window.

It'll be geoff, i've heard he's into a bit of dogging.

sabretoothtigger

1/4 the way through

http://www.youtube.com/watch?v=__VQX2Xn7tI

amcluesent

Middle

>Banks' financial problems have been transferred to the state and it is not yet clear that the state can carry the burden<

Yep, in the 1970s the socialists bet the farm by 'picking winner' such as British Leyland and Inmos, thereby ensuring the tax-payer lost their shirt.

Now Clown can't even throw money at industry, so he's magiced up ££ billions for QE with massive put-options on the public sector and part-nationalised banks. All in a desperate attempt to keep flooding the system with cheap money so the reality of unserviceable personal/public/corporate debt doesn't hit home (or when it does, the effect has been softened by rampant inflation).

The very best that can result is to delay the inevitable by a few years and then the crash will be even bigger.

thriftybabe

Really2 wrote: »

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.

I think we may be a 1/4 way through. Our work has fell off a cliff, paid off loads of people. Bits and bobs of work coming through but TBH now that we are in it I don't feel half as scared as I was this time last year on the anticipation of it!