Is that it then, is it all over?

BlondeHeadOn

Lots of news this week about house prices rising (ever so slightly), and recession ending in France and Germany - even the Fed are saying that the worst is over.

So is that it? Is it uphill (mostly) from now on?

Or come the Autumn will there be another slide...?...?...

I am not sure what to believe any more, so this is a genuine question. My gut feeling is that this is a false dawn - but hey, I'd be glad to be proved wrong!

boyse7en

You pays your money you takes your choice...

You can find evidence to support either prognosis, so try flipping a coin. Or alternately, read both sides of the argument and dismiss the side you don't agree with as being hopelessly deluded vested interests.

Dan:_4

It's over for those who were looking forward to 'half-price houses'.

bendix

Or alternatively talk to companies.

It really depends what you mean by is it over? For some organisations, business is starting to boom again. Law firms, investment banks, accountants etc are all seeing an upturn as corporations get more confident and start to use some of the billions of pounds on the balance sheet that they have been sitting on for months.

But these guys are at the pointy edge of the wedge. It will be a long time before that activity works its way through to other parts of the economy such as retail. Unemployment will continue to rise as we pull out of trouble (historically, it always does) so the consumer spending part of the economy will continue in the doldrums for another year or more.

But the pointy edge of the economic wedge. Good times are on their way back, and much much quicker than we anticipated.

PasturesNew

My money is on: further slides. Tis but a blip.

malkie76

I'm still waiting for house prices to reduce in my area

ruggedtoast

Lots more reductions where I am in London - doubtless NW will report this as double digit regional increases. :-D

Wouldnt it be absolutely ghastly if Nationwide went out of business.

boyse7en

PasturesNew wrote: »

My money is on: further slides. Tis but a blip.

Slides in what? House prices, GDP, equities... depends on what you're looking at as to whether you think that the recovery has started, or whether you think the recession has a lot further to go.

Really2

Up's and downs equating to fairly flat if you ask me.

Graham_Devon

I like to think of it as a party. The party may be over. But theres a sh*t load to clean up. And it's only when cleaning up that you find out whats happened and how bad it was.

Really2

Graham_Devon wrote: »

I like to think of it as a party. The party may be over. But theres a sh*t load to clean up. And it's only when cleaning up that you find out whats happened and how bad it was.

The lesson there Graham is go to party's but don't throw them.