Recession will be over by Christmas, says IMF

agent_orange_2

It was said 'The Great War' would be over by Christmas

fedupfreda

I know my youngest still believes in Santa but I thought the IMF would have understood what really happens in every household at Xmas.......:D

Or are they expecting 'the bank of Mum & Dad' (i.e us lot) to shell out on a big prezzie as usual???:rolleyes:

Rochdale_Pioneers

How fascinating. IMF pops up and forecasts gloom and all the frothers post it as cast iron proof that the economy is screwed and its all Brown's fault. Now the IMF pop up and forecast a recovery and the very same frothers slag it off, say its corrupt or is clearly blind.

Come on chaps, some consistency please! The only sane position is to say what I amnd various have been saying after every forecast made them, the OECD et al - none of their recent forecasts have been right, why take this one with anything other than a pinch of salt?

We may be out by Christmas, we may not.

JasonLVC

Rochdale_Pioneers wrote: »

We may be out by Christmas, we may not.

Are you refering to New Labour RP?.

(sorry, couldn't resist;))

I do agree that there are too many reports from too many respected sources giving too many different versionsof what is and what will be.

Taking the less scientific approach and looking at the closing down shops, factories and offices one cannot beging to think that in 6 months time everything will be rosy again. We may 'technically' be out of the mire but the view on the street will take some time to catch up.

Conrad

Graham_Devon wrote: »

I might be inclined to agree with them. THIS recession over based on an artificial economy.

The next one popping along very shortly after, based on a real economy

Graham - careful your'e slipping into the clothes of the life long perma pessimist - Mr Worry from the Mr Men.

Answer these 3 questions to determine whether or not you are an perma-pessimist;

1) Is Britain a worse place to live than in the 60s/ 70s?

2) Will the reduction in oil reserves lead to wide spread pain?

3) Has music and TV gone down the pan?


If you answered yes to all 3, you are a life long perma-pessimist, but you can change...........:D

Rochdale_Pioneers

JasonLVC wrote: »

Taking the less scientific approach and looking at the closing down shops, factories and offices one cannot beging to think that in 6 months time everything will be rosy again. We may 'technically' be out of the mire but the view on the street will take some time to catch up.

I don't know of anyone forecasting an immediate return to good times, and with the real economy always lagging behind the technical numbers, that cannot be the case.

But, you can't have a return to good times until you exit recession. The UK economy growing - no matter how slowly - is massively better than it contracting by 4% and can be seen by anyone as progress.

Anyone that is except the frothers who seem desperate to rubbish any and all signs that the economy isn't in the deepest recession since the Jurrasic. Why are they so desperate for people to lose their jobs and their homes? Is it out of political spite or what?

purch

the frothers who seem desperate to rubbish any and all signs that the economy isn't in the deepest recession since the Jurrasic. Why are they so desperate for people to lose their jobs and their homes?

It's called 'Forumonics'

The usual signs are making wild predictions without properly thinking it through, and drawing wild and nonsensical conclusions on subjects you don't have a clue about.

Another symtom is cutting and pasting text and/or colourful graphs from various bloggers sites.

The classic symtom is predicting house prices will fall by 70%, and calling anyone who currently owns a property an idiot (or worse) whilst simultaneously telling everyone how you will be buying a house when the markets bottomed.

Forumonics.................very entertaining.

Conrad

purch wrote: »

Forumonics.................very entertaining.

Yes, and to add it's good ole fashioned pessimism, but the irony is all pessimists at all times always claim thier condition is not pessimism but realism.

I'm gonna do a thread on this now

System

purch wrote: »

It's called 'Forumonics'

The usual signs are making wild predictions without properly thinking it through, and drawing wild and nonsensical conclusions on subjects you don't have a clue about.

Another symtom is cutting and pasting text and/or colourful graphs from various bloggers sites.

The classic symtom is predicting house prices will fall by 70%, and calling anyone who currently owns a property an idiot (or worse) whilst simultaneously telling everyone how you will be buying a house when the markets bottomed.

Forumonics.................very entertaining.

I've been calling it add44downeyism all this time.

Pssst

Pish and Tosh. Have you checked the stock market lately?