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The Recession is Over
Comments
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They are not being realistic...the recession might not be over but it's certainly improving...the only people to deny this are the desperate, greedy, wannabie home owners.
As my Dad would say, "put another record on". :rolleyes:"I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.0 -
They are not being realistic...the recession might not be over but it's certainly improving...the only people to deny this are the desperate, greedy, wannabie home owners.
It's a sad, worthless, pathetic existence some people must find themselves in when they want a recession to continue for their own benefit.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Seems like some people on here want the UK to be in recession and actually enjoy it....
Are these bitter / jealous non home owners perhaps? Have people struggled in this recession so far or lost their jobs and now they are bitter that things *might* be starting to look just slightly positive again?
You got it in 1.
The wishful thinking brigade trying to convince themselves that world armageddon is approaching, only to be told everywhere that things really are not all that bad;)
The unemployment rate for the country is low, just have a look at the numbers. 1.5m upto 2.1m is hardly going to make house prices plummet.
Housing market is in stagnation. (5mths now)
Interest rates? Im not benefitting from them, who is? I know a lot who are locked into 5%+ fixed rates including myself so what good are low interest rates to any of us? Those that are benefitting will surely be reducing their debt worth by hammering away at their mortgage balance. No reason to suggest that those who are now paying low rates cannot afford the increase back to the norm of 5-6%. That thinking is ludicrous, and wishful thinking at best, and if that's all the hope you have left of meltdown then....:D
House prices will fall next month, that is a certainty, but the month after they will be up again. Oil is rocketing, $40 upto $70, £ is stronger on the $, mortgage approvals rising.
Time to pull heads out of the sand, wake up and smell the coffee i say. There will be no houses on credit cards and multiple home purchases common place EVER.
It amuses me that i can still borrow the same amounts i could have done 2yrs ago with the same rates, nothing much has changed
(Borrow 4.5x joint at a rate 5.5%+ for 90%+ LTV) 0 -
i think it's only just begun. the first wave saw the deadwood (woolworths etc) going but not it's getting through to the healthy shoots underneath.
fortunately myself and OH both still working. OH works in construction related industry for the biggest company in europe in its field and he says things are really really quiet (they were busy until two weeks ago). my industry tv is certainly feeling the pinch. very few new programmes being commissioned, endless 'revisits' to pad out series on the cheap and budgets slashed (heard 25-30k being touted for primetime ITV, this is a joke - a sky one show i worked on several years ago had a budget of £125k and this was seen as quite modest being not terrestrial).
the thought of the tories taking over in the foreseeable future is also very depressing to me......Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron0 -
Seems like some people on here want the UK to be in recession and actually enjoy it....
Are these bitter / jealous non home owners perhaps? Have people struggled in this recession so far or lost their jobs and now they are bitter that things *might* be starting to look just slightly positive again?
I would like the UK to have a normal functioning social economy. With a fair amount of social equality whilst retaining the opportunities of a free market.
Distorting reality to pretend that a system that has pushed multitudes into hardship, insecurity and debt, is working, is what people object to.
I would love the recession to end, but when most of the VIs talk about the recession ending what they mean is a return to overstretched first time buyers taking out immense loans to fund their double digit growth in their property portfolios.
Not really a cause for unbridled joy in many.0 -
That's fantastic news - I wish there was a General Election tomorrow so I could rush down to the polling booth and vote for another Labour Government now that Gordon and his band of heros have saved the world.
Public sector cuts are now presumably off the agenda and it's pay rises all round for hard working public servants (only those with families of course).0 -
Harry_Powell wrote: »As my Dad would say, "put another record on". :rolleyes:
"Why can't these bands of today learn to play their instruments properly?" as my Dad would say...
Surely the British will only believe the recession has ended if a celeb* says so in one of those great pieces of investigative journalism in publications such as Star! and Wow, We're Famous! magazine.
*celeb meaning the ex-girlfriend of someone who got to Week 2 on Big Brother in 2004They are an EYESORES!!!!0 -
hope and glory would be better more uplifting
http://www.youtube.com/watch?v=podh1wht9RY&feature=related
but for those wanting god save the queen
http://www.youtube.com/watch?v=AwziS2aE6Ww
Prefer this myself :j
http://www.youtube.com/watch?v=UQ0oCmDXrVk'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
i think it's only just begun. the first wave saw the deadwood (woolworths etc) going but not it's getting through to the healthy shoots underneath.
fortunately myself and OH both still working. OH works in construction related industry for the biggest company in europe in its field and he says things are really really quiet (they were busy until two weeks ago). my industry tv is certainly feeling the pinch. very few new programmes being commissioned, endless 'revisits' to pad out series on the cheap and budgets slashed (heard 25-30k being touted for primetime ITV, this is a joke - a sky one show i worked on several years ago had a budget of £125k and this was seen as quite modest being not terrestrial).
the thought of the tories taking over in the foreseeable future is also very depressing to me......
Is the TV industry reduction more to do with a transfer of advertising to Tinternet and vast swathes of crap TV channels
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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