Times on budget - big spending plans would follow election.

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Generali wrote: »

I think 'green shoots' is too strong a word for what we're seeing. Credit market indicators are moving from 'very appalling' to 'appalling'. We're miles away from 'normal' and even further from 2005-7.

Agree with this, unfortunately that's not how things are being pedaled at the moment, for instance i bet quite a few people have jumped into the housing market over the last few weeks, that will come to rue that decision.

Generali

ad98t98 wrote: »

Agree with this, unfortunately that's not how things are being pedaled at the moment, for instance i bet quite a few people have jumped into the housing market over the last few weeks, that will come to rue that decision.

It's ok, it's not like there's many people buying!

3 month sterling Libor is still above 1.5% - more than 100bps above the base rate. That's the key indicator in the credit markets still, IMO. Libor normalising will be a key indicator that things have been fixed.

In the interests of fiairness, we should note that some of the spread between Libor and base rate will be due to the risk that the BoE will increase interest rates in the next three months. The RPI may be falling but the CPI ain't.

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Generali wrote: »

The RPI may be falling but the CPI ain't.

I can see CPI going over 5% before the end of the year, I noticed the sneaking up of fuel prices again, this will have an impact over the next few months.

StevieJ

nickmason wrote: »

Rochdale - you really should try and understand that Tories want what's best for this country. We might disagree with you on how that looks, or how to get there, but we want a recession no more than you do.

Just as a counter example to your observation, if in 1982 I had written "with Labout desperate for there to be more deaths in the Falklands War", I imagine you'd bave been pretty incensed.

And of course the more you say stuff like the above, the more I have to recognise that the Labour party is still populated by the irrationally tribal or the odious likes of Draper and McBride.

It is great to hear that the Tories have higher principles than most other politicians, long may it contunue :T

StevieJ

ad9898 wrote: »

Thank god for the Wookie, and some common sense, people here and across at HPC seem to be getting a little concerned, or even turning a little bullish about the concerted effort by the media to talk up the market, of course reality will hit soon enough, for starters, the unemployment figures are out this week, lets see them turn this dog turd into a Michelin star meal.:rolleyes:

Don't panic Mr Mainwaring

Wookster

ad9898 wrote: »

I can see CPI going over 5% before the end of the year, I noticed the sneaking up of fuel prices again, this will have an impact over the next few months.

This is widely described as the worst recession since the 1930s.

The entire global banking system came within a hairs breathe of collapsing, people are even trying to convince the masses that free markets and capitalism are the way forward.

All these things were just inconceivable just 18 months ago.

Its quite humorous that some people think its over less than 9 months after it actually began.

the_ash_and_the_oak

ad9898 wrote: »

Agree with this, unfortunately that's not how things are being pedaled at the moment, for instance i bet quite a few people have jumped into the housing market over the last few weeks, that will come to rue that decision.

transaction levels seem to suggest this isn't really happening on any kind of scale tho tbh