UK managers expect double-dip recession

grizzly1911

Interesting that airplanes mix in this thread.

We are not heading for a double dip because we never got out of the last one.

The UK is like on aeroplane on a glide path for the foreseeable future. Occasionally we lift the nose up and buy some time.

Listeneing to Gideon just now he sounds more like Scotty on Star Trek - "I canna hold her captain".

Until we stop consuming imports and start exporting things aren't going to change. Simply creating infrastructure projects internally is only masking the problem.

Using the pension fund savings on spurious infrastructure projects, with no pay back mechanism from outside the country, won't help long term.

Don't dispute we need some of these projects but if we don't have an income we can't afford it.

Nice to know we are continuing with our overseas aid budget untouched yet again.;)

nembot

RenovationMan wrote: »

The longer we bump along the bottom, the more time the government has to sort out the structural problems with the UK without too much interference from the unions. Incidently the longer the economy bumps along the bottom, the longer we will have these low interest rates and hence the longer the UK populace has to pay down its debts. There is a real possibility that the UK will exit this period of economic difficulty in better shape than when we entered it.

We're not bumping along the bottom though, we've yet to hit it - this is the fundamental problem many seem to misunderstand.

RenovationMan

nembot wrote: »

We're not bumping along the bottom though, we've yet to hit it - this is the fundamental problem many seem to misunderstand.

That's just your own viewpoint, we won't know if it's true until we review this period with hindsight in 5 to 10 years time when we are in the next phase of the property cycle.

It's all academic anyway. The main thing to consider is what difference all this makes to your own finances. For mine it means that I have another year of 2.55% mortgage rates in which to pay down my mortgage and renovate my home cheaply in order to reach my stated objective of a large dream house with running costs and mortgage of a 3 bed semi.

People on here can argue as much as they like but if the final result is just the ability to crow to strangers about being right, but without material gain, then it's a hollow victory.

nembot

RenovationMan wrote: »

That's just your own viewpoint, we won't know if it's true until we review this period with hindsight in 5 to 10 years time when we are in the next phase of the property cycle.

It's all academic anyway. The main thing to consider is what difference all this makes to your own finances. For mine it means that I have another year of 2.55% mortgage rates in which to pay down my mortgage and renovate my home cheaply in order to reach my stated objective of a large dream house with running costs and mortgage of a 3 bed semi.

People on here can argue as much as they like but if the final result is just the ability to crow to strangers about being right, but without material gain, then it's a hollow victory.

It's not just my viewpoint though is it?

How about including most economists, the government, the bank of england and nearly every other institution linked with finance or the economy.

Care to debate further?

RenovationMan

nembot wrote: »

It's not just my viewpoint though is it?

How about including most economists, the government, the bank of england and nearly every other institution linked with finance or the economy.

Care to debate further?

To what end?

nembot

Well it is a debate forum is it not?

I take it with no evidence to the contrary, your challenge to my opinion is now moot?

Thought so...

RenovationMan

nembot wrote: »

Well it is a debate forum is it not?

I take it with no evidence to the contrary, your challenge to my opinion is now moot?

Thought so...

Would anything I type change your opinion?