Are we REALLY in a Recession? I mean REALLY?

MrRee_2

Back to the point ..... are 'most' people feeling the recession?

I would say no.

Are some people in trouble?

I would say yes.

Would these people be in trouble in a boom?

I would say, again, yes .......

Some people just cannot manage their money .... and will get into trouble in any case - they are the simpletons of society, spending more than they receive.

Generali

chucky wrote: »

This thread is like a car crash.

Students will study threads like this in 20 years time for their PhD. Poor beggurs.

undetterred

Graham_Devon wrote: »

LOL @ this thread.

Would you guys like me to donate a score board so you can tot up the points collected for the most immature comments thrown at each other?

You'd get a 10 from me given the cr8p you post.

Aberdeenangarse

SafelyOnTheLadder wrote: »

Good afternoon Mr Ree, I trust this Wednesday finds you well. Indeed I can confer that there are little signs of austerity, certainly in our neighbuorhood. We picked up a new Audi last month and are looking to expanding our portfolios in all asset classes.

Anther nasty sockie of MrRee's to go on ignore.

Aberdeenangarse

lalaland11 wrote: »

why can i not find a man earning £1750 a day, if only i could then maybe the recession wouldnt be effecting me so much.

You'll usually find him flippin burgers down at McDonalds. Unfortunately he's not very good with decimal points! Should be a daily rate of £17.50:money:

Out,_Vile_Jelly

I haven't seen much evidence of a recession in London because I live in a nice area, work in a nice area and have a secure job.

However when I last visited my home town in the provinces (which is around where Mr Ree bases his fantasy life) it looked distinctly down at heel; a high st full of empty premises, phone shops, pound shops and a Primark.

Puddleglum

Where I live we have empty shops aplenty, traffic chaos thanks to a taxi ploughing into the market X and ample evidence of recession. Houses don't seem to be flying off the estate agent books either.

On a more positive note, our major tourist attraction has been quite busy this weekend so businesses may have been able to make a bit of lolly.:beer:

DervProf

MrRee wrote: »

Back to the point ..... are 'most' people feeling the recession?

I would say no.

Are some people in trouble?

I would say yes.

Would these people be in trouble in a boom?

I would say, again, yes .......

Some people just cannot manage their money .... and will get into trouble in any case - they are the simpletons of society, spending more than they receive.

You still haven't answered the request at the start of this earlier post, but it looks like you did read it (and probably thought "mmmm, reasonably good points, I'll use them later").......

DervProf wrote: »

Define 'real' recession, and I'll answer your question.

In the meantime, it seems that you think that a recession means that people should be suffering, and that others should be in a financial mess. It may come as a suprise to you that will always people doing financially well during a recession, just as there will be people who are in a financial mess during a boom.

According to the most recent statistics, there is a recession, albeit a slight one. I wouldn't expect to see lots of people struggling at the moment. I expect there are plenty of people who are, but they don't seem to advertise the fact that they are in financial trouble. Talking to colleagues, customers and friends, I am not at all suprised that the country is technically in recession. A few people I talk to are doing very well, lots are doing OK, some are struggling. I suppose I could just go on the evidence of the restaurant I visited last night, and conclude that everyone is doing well, but I'm a little wiser and better informed than that.

MrRee_2

A 'real' recession, in my world, would be mass lay-offs from factories.

Shops empty of buyers.

Car Salesmen struggling to entice buyers.

Holiday Companies closing.

Airlines empty.

Campsites full of families having the best fun they can, cheaply.

Botiques closing.

Kids without smartphones, ipads and the latest of technologies.

Savings being raided - instead of, like now, savings building.

Debts would be increasing instead of being paid off as now.

Maybe the above would be a depression and not a recession?

DervProf

MrRee wrote: »

A 'real' recession, in my world, would be mass lay-offs from factories.......
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.
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Maybe the above would be a depression and not a recession?

In that case, I agree with you that we are not in your definition of a 'real' recession.

However, as I understand it, the REAL definition of a recession is when the economy shrinks (by any amount) for two consecutive quarters. Apparently, that has recently happened, so we are in a recession. Now it is easy, if you look in the right places, to question the validity of our recession status. At the same time, if you cast your gaze a little further afield, the signs are there.