Are we going into recession again???

Archi_Bald

dunstonh wrote: »

You do realise that recession has a defined meaning and using that meaning, we are not in recession.

Exactly. Someone feeling a bit blue about the economy or wanting to make some political statement doesn't mean we are in a recession.

jimjames

dunstonh wrote: »

You do realise that recession has a defined meaning and using that meaning, we are not in recession.

You beat me to it.

Recession is 2 consecutive quarters of falling GDP. Currently 2014 looks like in the UK it will be growing by around 3.5%.

Now the Eurozone, that may well be in recession.

Thrugelmir

dunstonh wrote: »

You do realise that recession has a defined meaning and using that meaning, we are not in recession.

But peoples pockets are getting picked. As Central Banks use inflation to attempt to cure the debt problem. While real wages fall.

Perhaps a good shake out would have better. Let the zombie companies go the wall along with forcing a structural reform of the banks.

JohnRo

Problem is the banking cabal were and still are calling the shots. Well not in Iceland so much..

That means they get bail outs and bonuses while everyone else gets austerity and has to suffer the consequences as profits are protected and losses socialised by dishonest central banking proxies heaping mountains of debt on current and future generations.

ManAtHome

Good job the govt are only overspending £80-100bn to get £40-50bn of "growth" then.

Numbers are a bit vague, 'cos errm, numbers are a bit vague (maybe we need more "entrepreneurs" blowing their blow profits on being blown...).