Double dip news

Really2

Graham_Devon wrote: »

I see what you mean now. Don't do it again, you'll have me cracking a rib!

Better than cracking one off over a prediction of America having a 1 in 4 chance of going back in recession.

See its easy.

How did the culture hunt go anyway, are you off to the Devon royal ballet.
See I did it again.:)

chucky

Graham_Devon wrote: »

God knows. It's just some bloke who said something, and he's from Pimco. Don't know him personally and haven't studied him or nuffin.

he said it in June 2009 about the UK...

a guy from probably the biggest buy side investment fund in the world tells the world that there is 25% double dip... they wouldn't have tried to move the markets in any way would they?

Graham_Devon

I've even thanked you for that really. You've outdone me with the devon royal ballet corker.

Graham_Devon

chucky wrote: »

they wouldn't have tried to move the markets in any way would they?

All I know is he's a bloke and he's from Pimco.

chucky

Graham_Devon wrote: »

I dunno, all I know is he's a bloke and he's from Pimco.

and that's why you asked the question in the opening post...

Graham_Devon wrote: »

Question is, will the US get the first dibs on a double dip?

nice work Mr Muddle

Graham_Devon

phil_b wrote: »

So how to you define a double dip? Does the second dip have to equal (or thereabouts) the first? What if things just drop off a tad before rising again, has it double-dipped?

Finally, we made it to the innuendo.

Bloody hard work tonight.

boomerangs

brit1234 wrote: »

Its the Greek default which is the scariest thing on the horizon. Then pretty much all Western Countries will double dip.

This is spot on. House prices are already falling. But when Greece and the rest default house prices will go through the floor.

Exocet

Here's my take on double dip. Two years ago total panic, companies destocked. 1 Year on - not the end of the world. Some limited restocking. Making anaemic growth figures something to celebrate. Now - a pause. Which way from here? Next and Carpetright think downwards.

I suspect the best we can hope for is a technical double dip, ie. not another disaster, just sub growth for a couple of periods - and then fingers crossed. I don't buy the end of the world - there's not much to look forward to.

Thrugelmir

phil_b wrote: »

So how to you define a double dip? Does the second dip have to equal (or thereabouts) the first? What if things just drop off a tad before rising again, has it double-dipped?

After a few quarters of positive growth. The economy has two further quarters of negative growth.

This will result in a much longer and prolonged recessionary period.

Then of course a triple dip recession becomes a possibilty. As the economy struggles to gain traction.

Time then to buy that croft and spend my time fishing......

marklv

As far as I'm concerned we have been in a recession of sorts ever since 9/11. The IT job market collapsed after that event, combined with the bursting of the dotcom bubble - and it never recovered. The early years of the Blair government were a great time, jobs everywhere and salaries on the up and up, then these two events ruined everything.