Global recession 2019/20??

BikingBud

triathlon wrote: »

Here we go again, another doom and gloom post and a prediction of bad things to come, has Bruce joined us with his 1457th failed prediction?, because they have given up on him at his cult website.

Yes the economy will be up and down until the sun dies and little sad men who failed in life will always be walking up the street with "end of the world placards"

And blaming it all on Brexit:rotfl:

phillw

BikingBud wrote: »

And blaming it all on Brexit:rotfl:

You're right, it's not all brexits fault. But people are stupid and that leads to brexit and recession.

prowla

phillw wrote: »

You're right, it's not all brexits fault. But people are stupid and that leads to brexit and recession.

Stupid = opinion


Brexit & recession = fact


There isn't a causal link between the former and the latter, but it does reflect a closed mind which thinks that people who have different opinions to theirs must be stupid.

BikingBud

phillw wrote: »

You're right, it's not all brexits fault. But people are stupid and that leads to brexit and recession.

Here we go hate and spite again:eek:

Thrugelmir

phillw wrote: »

And people were so determined to trigger another one in 2016 they voted to leave the EU.

Didn't realise that all the problems had been fixed.

quirkydeptless

This forum has predicted 10 of the last 3 Stock Market crashes

triathlon

quirkydeptless wrote: »

This forum has predicted 10 of the last 3 Stock Market crashes

And HPC.com several hundred of the last three, three alone were down to mass Bird flu according to them

Pennywise

snowqueen555 wrote: »

The crash is always coming, but no-one knows when. It just keeps coming, and when it comes, a few "experts" who timed it right will pat themselves on the back, sell a few books/seminars about it.

Or in Vince Cable's case, become the Libdem leader on the back of it as some kind of financial genius :rotfl::rotfl:

The-Joker

tryin wrote: »

Haven't really had a decade. The 2008 crash took years to recover from, so its been well under a decade.

The only certainty in predicting the economy is that no-one really knows...

2008 was a few bad banks. the next one will be the big one

spadoosh

Ill be honet i dont really know what the realities of a recession look like.

I studied the great depression and pretty much have that as the benchmark. People using money as wallpaper and most people not having jobs. It almost seems unfair to me to call the 2008 crisis a recession. Then theres a few recessive periods through the 50's 60's 70's and 80's which again in comparison just dont touch the same scales.

Itll be good to know what people are talking about when they talk of recession. Theres the rolling hills of economics (boom and bust, some big losers, some big winners, everyone else just tightens up for a few years) recessions and then theres the great depression recession. Theres pretty much always been talk of the collapse of the FIAT borrowing system we use, since we started using it, thats the one thatll cause the epic levels of recession but then i cant see how itll come out. No ones interest to not play the game, the consequences would be horrific so we all play along. The boom bust cycle is inevitable and, for me at least, never seems as bad as feared, but then i dont know if they where expecting the debt bubble recession or the general variant.