"Double dip Recession" looms

luvpump

http://www.telegraph.co.uk/finance/financetopics/recession/6190818/US-credit-shrinks-at-Great-Depression-rate-prompting-fears-of-double-dip-recession.html

http://www.ft.com/cms/s/0/e6dd31f0-a133-11de-a88d-00144feabdc0.html


http://www.moneyweek.com/news-and-charts/economics/economics-three-reasons-to-expect-a-double-dip-recession-93805.aspx

Like a druggy having one last "Fix" in the form of "fiscal stimulus" or QE, 2010 will be time to go cold turkey, especially with quite so much debt to pay off !

brit1234

Time we face the reality and accept what is comming rather than delaying it. That way we can rebuild our economy stronger and more importantly sustainably.

StevieJ

Re-group and attack good to see some spirit from the bears.

Custer's last recorded words.

"Custer's luck! The biggest Indian Village on the Continent!" :eek:

luvpump

StevieJ wrote: »

Re-group and attack good to see some spirit from the bears.

Custer's last recorded words.

"Custer's luck! The biggest Indian Village on the Continent!" :eek:

"Sometimes you have to lose a Battle to win the War"

manchesterred

Seems to make sence to me, & inflation may well be a problem if they keep printing the $ as the fed seems to be

carolt

Vitally important sory..

The Telegraph's full headline:

US credit shrinks at Great Depression rate prompting fears of double-dip recession


makes it clear how serious this is, potentially.

Scary stuff.

kabayiri

Just so I understand this.....all these money printing/QE schemes were just hopeless speculative punts trying to delay the inevitable?

Triffic.....

carolt

Yup, that's about it.

Actually..making it far worse, because we then have to sort out the mess that's caused, on top of the mess we already have due to recession. :rolleyes:

kabayiri

And....during this small hump we pretend is the middle of the double dip....the false dawn allows the finance institutions to resume their mega bonus reward schemes, as though 2008 was a mere blip in proceedings.

No wonder people feel bitter....the divide in society widens yet again.

tomterm8

kabayiri wrote: »

Just so I understand this.....all these money printing/QE schemes were just hopeless speculative punts trying to delay the inevitable?

Triffic.....

No, I personally think these moves were meant to prolong the inevitable... in other words, allow us to make a necessary transition in our economy over ten years, rather than going through all the pain in a year.

And I think that was a good choice.

It was the choice Japan made in the 1990's... a depression now, or a decade of low growth.

kabayiri

tomterm8 wrote: »

No, I personally think these moves were meant to prolong the inevitable... in other words, allow us to make a necessary transition in our economy over ten years, rather than going through all the pain in a year.

And I think that was a good choice.

You may be right, time will tell.

But I certainly don't think it was sold this way to the populace at large. It's been presented as a grand scheme to power us out of recession. It's not changed our debt habits either.