REcession and tools to combat it...

michaels

Growth is falling worldwide, company profits are down...and it is 8 years since the trough of the last recession.

UK stats so growth slowing and output declining in some sectors and unemployment looks to have turned.

Is it too soon to start using the R word?

Thrugelmir

michaels wrote: »

Growth is falling worldwide, company profits are down...and it is 8 years since the trough of the last recession.

UK stats so growth slowing and output declining in some sectors and unemployment looks to have turned.

Is it too soon to start using the R word?

Has the UK fixed it's roof while the sun shone?

Conrad

michaels wrote: »

Growth is falling worldwide, company profits are down...and it is 8 years since the trough of the last recession.

UK stats so growth slowing and output declining in some sectors and unemployment looks to have turned.

Is it too soon to start using the R word?

Yes.
The globe is growing, but people get all hung-up when that growth is not as high as it was. To me there is some bizarre fixation with the idea we always have to be enjoying high growth, almost as if a God given entitlement.


Meaningful UK recessions require a sudden trigger, such as very high interest rates of the early 90's.


Every year there have been books and papers portending the next crash, just as the English Puritans spent every year warning us Armageddon was around the corner. It's just a thing.


Aesop wrote about the boy who cried wolf a long time ago, nothing new.

CLAPTON

Thrugelmir wrote: »

Has the UK fixed it's roof while the sun shone?

yes indeed we have

we have imported a few million people to work in coffee shops and to open some amazingly varied restaurants.
the evidence is all about you if you care to look.

Thrugelmir

CLAPTON wrote: »

yes indeed we have

we have imported a few million people to work in coffee shops and to open some amazingly varied restaurants.
the evidence is all about you if you care to look.

That's papering over the cracks not a new roof. My thinking is along the lines of structural matters i.e. debt. That rather large skeleton in the cupboard. With total UK indebtedness around 280% of GDP. That has grown rather than diminished since the GFC.

CLAPTON

Thrugelmir wrote: »

That's papering over the cracks not a new roof. My thinking is along the lines of structural matters i.e. debt. That rather large skeleton in the cupboard. With total UK indebtedness around 280% of GDP. That has grown rather than diminished since the GFC.

immigration solves all problems without exception
so e.g. the more coffee shops and restaurants we have the greater GDP, so debt, as a proportion of GDP falls
simple : structural change before your every eyes.