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Recession will be over by Christmas, says IMF

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Comments

  • bo_drinker
    bo_drinker Posts: 3,924 Forumite
    I came in to this world with nothing and I've still got most of it left. :rolleyes:
  • wymondham
    wymondham Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    Excellent News, just in time for wage talks in January, hopefully I'll make up for my missed two years... probably not!
  • DaddyBear
    DaddyBear Posts: 1,208 Forumite
    wymondham wrote: »
    Excellent News, just in time for wage talks in January, hopefully I'll make up for my missed two years... probably not!


    They actually predicted a 0.2% rise in the UK in 2010. Therefore we will likely not see any growth until the third quarter, if these 'predictions' are to be believed.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Pssst wrote: »
    Pish and Tosh. Have you checked the stock market lately?

    What, this market?;)

    The FTSE 100 Index finished ahead for the first time this week as sentiment was given a tentative boost by more upbeat corporate and economic news.

    A surprise decision by the Bank of England not to expand its quantitative easing programme was taken as a sign that an ailing UK economy was in no need of further immediate aid.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    I don't know of anyone forecasting an immediate return to good times...
    A return to the good times? What fffing good times were those? A mountain of debt, credit binge from mewing idiots based on an economy which consists of buying cheap crap from China. No industry, a dumbed down education system, a bloated social system,and.. er.. that's about it really.

    Oh I see. The good times which consisted of 'making' tens of thousands out of the HP bubble and spending it on a 4x4. Oh yes. I can't wait for those times to return.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    What, this market?;)

    The FTSE 100 Index finished ahead for the first time this week as sentiment was given a tentative boost by more upbeat corporate and economic news.

    A surprise decision by the Bank of England not to expand its quantitative easing programme was taken as a sign that an ailing UK economy was in no need of further immediate aid.

    Yes, that one.

    That line probably covers last week too.

    If you are going to post something about the markets being up, at least post something that don't say "for the first time this week"!
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Yes, that one.

    That line probably covers last week too.

    If you are going to post something about the markets being up, at least post something that don't say "for the first time this week"!

    After a 30% rally, did you really not expect some profit taking over summer????
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • treliac
    treliac Posts: 4,524 Forumite
    wish the IMF would just make up their mind and stick to their guns, rather than just changing their opinion every five minutes. worse than a woman!

    A good post .... only let down by the last sentence!
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