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The longest recession and slowest recovery
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Graham_Devon wrote: »Already has apparently.
It has indeed.
By the way, another major contributing factor is in the following two graphs.
See if you can figure out the connection.
“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”0 -
And then see if you can figure out the relationship to this.....
(clue: The Wealth Effect)
“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”0 -
From Generali's thread - https://forums.moneysavingexpert.com/discussion/3876365
"The longest recession and slowest recovery" is quite a dramatic title. We're following the same pattern as previous recessions - it's only the last couple of quarters data that have fallen under the 1930's graph.
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I am not very good at graphs but good with money but what I can see from the first graph is the last recession. It clearly shows we are not spending our disposable income but saving instead.HAMISH_MCTAVISH wrote: »It has indeed.
By the way, another major contributing factor is in the following two graphs.
See if you can figure out the connection.0 -
chucknorris wrote: »why are you so dismissive of it?
It's easy to dismiss that which you don't really understand.'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
As I have said many times before, this is not an "ordinary" recession.
We are witnessing the initial stages of a major turning point in human history - on a par with the industrial revolution.
A zero-growth post industrial age is emerging and is being deliberately engineered by a crooked banking system aided and abetted by compliant and equally corrupt politicians of all persuasions and nationalities."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
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I'll say what everyone else is scared to. DEPRESSION, not recession.0
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