We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Officially in recession

11718202223

Comments

  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    But how many of the population are in full time work?

    That's of no relevance.

    The fact is that over 95% of those in full time work before the recession are still in full time work today.

    And there will be little change to that number in the years ahead.
    And out of those how many will still be in a few years time as the crisis worsens?

    The worst is well behind us now, and unemployment won't rise much from here. It'll be a few years before it starts falling significantly mind you.
    “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”
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    The worst is well behind us now, and unemployment won't rise much from here. It'll be a few years before it starts falling significantly mind you.

    We'll see, but I believe you are wrong. I believe you also said this 2 years ago, including there won't be a double dip.

    The Euro will effect us more than anything. The problem surrounding the euro is putting a time frame on it.
  • Lewis1967
    Lewis1967 Posts: 49 Forumite
    We'll see, but I believe you are wrong. I believe you also said this 2 years ago, including there won't be a double dip.

    The Euro will effect us more than anything. The problem surrounding the euro is putting a time frame on it.

    I'm with you Graham and I would go as far to say that anyone who thinks the worst is behind us has no idea what is going on in the world. The problems that caused the global crisis have not been solved they have just been made worse but postponing into the future.
    Imagine if China started paying housing benefit the same as the UK. Half a billion people would move from the slums in tin can huts to all these new apartments they are building every year. Property prices would double from where they are now.
  • crash123
    crash123 Posts: 399 Forumite
    Almost all normal people should be going full repayment, and the vast majority can afford it just fine.
    Yes with these very low interest rates but some are still finding it hard. Lets not forget forbearance. Some people have moved from repayment to Interest Only.
    What majority of these are in your 95% still in full time jobs but with no/low wage increase and ever increasing daily costs to heat/fuel/eating etc?
  • crash123
    crash123 Posts: 399 Forumite
    Also I am with Graham on this. This circle has a long way to go.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Lewis1967 wrote: »
    I'm with you Graham and I would go as far to say that anyone who thinks the worst is behind us has no idea what is going on in the world. The problems that caused the global crisis have not been solved they have just been made worse but postponing into the future.

    Yes, we know. BUY SILVER!!!

    It's really time the mods did a clear out of sockies again.
    “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”
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Yes, we know. BUY SILVER!!!

    It's really time the mods did a clear out of sockies again.

    This sort of stock response when stuck over so many threads is getting tiring. Silver get's more mentions from those mocking it than those investing in it.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    This sort of stock response when stuck over so many threads is getting tiring. Silver get's more mentions from those mocking it than those investing in it.

    Except in this instance, it really is just another of the silver sockies.
    “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”
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Except in this instance, it really is just another of the silver sockies.

    You sure? Where do they mention silver?
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You sure?

    Yes.
    Where do they mention silver?

    Here....
    Lewis1967 wrote: »
    gold and silver .

    and here.....
    Lewis1967 wrote: »
    But why not get a hidden safe for your bullion. Does anyone really keep their silver bars under the bed?

    Now sprinkle in a bit of currency debasement....
    Lewis1967 wrote: »
    This is why they are abusing the pound sterling. The race to debase all currencies around the world is well under way..

    And top with the always popular line....
    Lewis1967 wrote: »
    until interest rates correct to more normal levels and all the repossessions have been cleared out.

    Now, why does that one sound so familiar?

    Ahhhh, yes.....

    Because the same puppetmaster uses it with multiple accounts.
    until interest rates normalise and all the repossessions have been cleared out.
    The-Joker wrote: »
    interest rates are back up to more normal levels and all the repossessions have been cleared out.
    Lewis1967 wrote: »
    until interest rates correct to more normal levels and all the repossessions have been cleared out.

    So, does that mean we'll also find The Joker and BDF going on about Silver???

    I wonder....
    The-Joker wrote: »
    Ha yes I am faithful to the cause, the SLA :)

    We are all the same, we will never sell our silver no matter how high the paper 'price' goes..
    ]Dont worry with the spot price of silver getting suppressed so low I can buy more than 1 0z and more often then once per month
    http://forums.moneysavingexpert.com/showpost.php?p=49696099&postcount=232

    I think my work here is done.....:cool:
    “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”
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.