US Recession over before Summer end?

StevieJ

lostinrates wrote: »

Me too, the way you feel, not the working in a bank bit. I want the end, but I fearwe have more yuckiness to get through. I have previously been bit indulgently kind to those in the tin foil hat brigade but occasionally now I think things or hear rumours from decent sources that make me feel maybe I need one for myself.

Classic capitulation syndrome :eek:

chucky

inspector_monkfish wrote: »

Hope he is right.

I just have a feeling that we are nowhere near the end yet, can't put my finger on it though. Wish i could!!

I have a nagging feeling that something really major in the financial world is still to happen, in a severly negative way

I work in the Money Markets for Treasury dept in a London Bank, and maybe its beacuse I've witnessed first hand so much craziness in the past 6mths, that has never been witnessed before (not in my lifetime anyway!), that I am always expecting more....

I seriously hope I am wrong, and its just paranoia on my part that has built up since last year.... But if someone had said a year ago that Lehman Brothers (and others) would go belly up, they would have been laughed out of town.....

fingers crossed for good news

i was around in banking the City when it went crazy in the 1990s and am around now - i think people were more scared then than they are now. i also think the problems we've had recently were much worse.

i know what you're saying but overall the City is picking up and the mood has definitely changed for the better since last September.

Cannon_Fodder

Pundit on Working Lunch, talking about shares, saying that Barclays amongst others looking "frothy", time to take out some gains, and to expect "6 years of bumbling along, not 6 months"...

Have people forgotten how long after the 2000 crash it took to get back to the same levels...? 2007.

Mind you, it does look a bit too low when you look at; http://uk.finance.yahoo.com/q/bc?s=%5EFTSE&t=my&l=off&z=m&q=l&c=

lostinrates

chucky wrote: »

i was around in banking the City when it went crazy in the 1990s and am around now - i think people were more scared then than they are now. i also think the problems we've had recently were much worse.

i know what you're saying but overall the City is picking up and the mood has definitely changed for the better since last September.

I've been socialising more this week...I hve a husband on borrowed time, and thats not the mood I've picked up on at all ....tell me which social things I should be going to for abetter mood please!

StevieJ

Cannon_Fodder wrote: »

Pundit on Working Lunch, talking about shares, saying that Barclays amongst others looking "frothy", time to take out some gains, and to expect "6 years of bumbling along, not 6 months"...

Have people forgotten how long after the 2000 crash it took to get back to the same levels...? 2007.

Mind you, it does look a bit too low when you look at; http://uk.finance.yahoo.com/q/bc?s=%5EFTSE&t=my&l=off&z=m&q=l&c=

Who was it Mystic Meg ?

Mr_Mumble

:T If this happens will all the Keynesians commit mass suicide? :eek:

The US government cut spending in Q1. Good ol' fashioned market forces have resulted in half price living costs (energy and housing) and are responsible for the green shoots! I guess the politicians, only now starting to throw money at the problem, will declare they're responsible for the upturn .

chucky

Cannon_Fodder wrote: »

Pundit on Working Lunch, talking about shares, saying that Barclays amongst others looking "frothy", time to take out some gains, and to expect "6 years of bumbling along, not 6 months"...

Have people forgotten how long after the 2000 crash it took to get back to the same levels...? 2007.

Mind you, it does look a bit too low when you look at; http://uk.finance.yahoo.com/q/bc?s=%5EFTSE&t=my&l=off&z=m&q=l&c=

it's way too easy to to compare that FTSE 100 - the consitutuents change.
the FTSE 250 would be better evidence to see how long it took to pick up - it was much better than the FTSE100 http://uk.finance.yahoo.com/q/bc?t=my&s=%5EFTSE&l=off&z=m&q=l&c=&c=%5EFTMC

and yes it is very, very cheap - there are some bargains out there

StevieJ

chucky wrote: »

it's way too easy to to compare that FTSE 100 - the consitutuents change. even the FTSE 250 doesn't provide better evidence.
http://uk.finance.yahoo.com/q/bc?t=my&s=%5EFTSE&l=off&z=m&q=l&c=&c=%5EFTMC

and yes it is very, very cheap - there are some bargains out there

Good point Chucky :beer:

inspector_monkfish

chucky wrote: »

i was around in banking the City when it went crazy in the 1990s and am around now - i think people were more scared then than they are now. i also think the problems we've had recently were much worse.

i know what you're saying but overall the City is picking up and the mood has definetly changed for the better since last September.

well, certainly better than it was after lehman bros

we (bank i work for) still have credit lines suspended to loads of banks though... i'm talking big german, french, belgian banks.....not bucket shops
luckily we are considered one of the healthy banks (if there is still such a thing!!), but this means corporates want to offload their cash to us, and we can literally get it dirt cheap, as rates are knackered

no-one trades longer periods (well, very few)
everyone trades short dates, as they all want to hold onto any money they have for as long as they can, and even then first port of call is to give it to a Central Bank....

but, as you say though, it certainly feels better than it did.... just hope it lasts....:cool:

StevieJ

BTW Monkfish I would be careful on here it is addictive, a bit like that white powder that used to find its way up some City types noses in the good ole days.