Will we see a worse financial crisis than 2007 in the next few years?

ClarkeKent

Europe in a mess...50% higher debt levels than 2007 globally....China property/Stock Bubbles....Stock markets at all time high...London property....Trillions in Q.E.....

I am very bearish on the whole worldwide economic situation so read and watch lots of "doom" laden financial media.

Does anyone away from negative financial media feel or predict a "worse then 2007 crisis" again or is it just fantasy?

cells

ClarkeKent wrote: »

Europe in a mess...50% higher debt levels than 2007 globally....China property/Stock Bubbles....Stock markets at all time high...London property....Trillions in Q.E.....

I am very bearish on the whole worldwide economic situation so read and watch lots of "doom" laden financial media.

Does anyone away from negative financial media feel or predict a "worse then 2007 crisis" again or is it just fantasy?

Its called confirmation bias

I don't think there will be another recession for at least ten years but even if there is we've learnt that chickens don't stop laying eggs cows don't stop producing milk and that 95% of the economy continues as it is.

Generali

ClarkeKent wrote: »

Europe in a mess...50% higher debt levels than 2007 globally....China property/Stock Bubbles....Stock markets at all time high...London property....Trillions in Q.E.....

I am very bearish on the whole worldwide economic situation so read and watch lots of "doom" laden financial media.

Does anyone away from negative financial media feel or predict a "worse then 2007 crisis" again or is it just fantasy?

It's highly unlikely that the UK will suffer another big financial crisis. If one is going to happen it will be an Emerging Market phenomenon. Loads of people have borrowed in USD and the USD is now increasing in value making repayments more expensive. That's okay if you're an exporter earning in USD but if not things may be getting a little uncomfortable.

padington

Please tell me if I'm wrong but the way I see it is ...

If we get another recession followed vast amounts of more quantative easing and even more low interest rates, inequality will get even worse.

The only hope for people of limited finances that I can see is that the economy remains strong, interest rates creep up a little, QE ends globally , employment continues to rise, wages start going up and the government feels in a strong enough position to stop artificially supporting the housing market through subsidising demand and limiting supply.

I say it because at times it seems the HPC gang think a good global recession will put the world to rights but it won't, look what happened last time.

kabayiri

Can we look at this another way?

In many respects the UK is a pretty stable place to be. Stable government; a predictable if not perfect economic plan; fairly reliable labour market which is a world away from the strikes a generation ago.

Unsettled conditions in emerging markets or the Eurozone may just encourage more business and investment to come to boring old UK.

michaels

kabayiri wrote: »

Can we look at this another way?

In many respects the UK is a pretty stable place to be. Stable government; a predictable if not perfect economic plan; fairly reliable labour market which is a world away from the strikes a generation ago.

Unsettled conditions in emerging markets or the Eurozone may just encourage more business and investment to come to boring old UK.

Like Switzerland but with fewer mountains and Norway but more daylight and the US but with fewer crusading prosecutors?

purch

ClarkeKent wrote: »

I am very bearish on the whole worldwide economic situation so read and watch lots of "doom" laden financial media.

Might I suggest that you watch less of the doom laden stuff and try watching something a little more positive.

As you are "bearish" already it probably won't change your opinions, but with less of the people shouting stuff you will get fewer headaches.

mayonnaise

ClarkeKent wrote: »

Does anyone away from negative financial media feel or predict a "worse then 2007 crisis" again or is it just fantasy?

It's just fantasy.

Glad to help.

Sabrina2000

problems were just pushed down the road and made worse by postponing them in 08

padington

Sabrina2000 wrote: »

problems were just pushed down the road and made worse by postponing them in 08

Really ? Or did we fairly well dodge the eye of a terrible storm and made good distance ever since ? If the cashpoints stopped working it could have got really nasty.

As it is crime is quite low, employment quite high, UK plc quite a sought after brand overseas, our capital enjoying a global renaissance, the North looking to expect a bit of a housing boom, talk of us wrestling the hosting of the World Cup from Putin's sweaty palms ...

It's not all bad.

MARTYM8`

Who can say - the fundamental problems that caused the 2008 crisis were never really addressed i.e. too much debt. And now we have more of that.

But if the whole money printing ponzi scheme does go under it will probably be when we least expect it.