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BlasterBates
13th March 2008, 08:49
Depression looming? or will the Fed pull it off (http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/12/ccom112.xml&CMP=ILC-mostviewedbox)

Another bit of doom (http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/13/ccambrose113.xml)

The number of articles appearing with the words "the great depression" are increasing.

So what's going to happen?

:smile

Lockhouse
13th March 2008, 09:07
So what's going to happen?
:smile

The good news is that'll I'll be able to buy a villa in Florida for £25. :smile

The bad news is that'll it'll be 3 times what my 4 bed house in Winchester will be worth :mad:

Cheshire Cat
13th March 2008, 10:58
what's the difference between a depression and a recession?
IIRC a recession is two consecutive quarters of decline in GDP. So is a depression just an prolonged recession, or are there other characteristics?

snaw
13th March 2008, 11:01
I think a depression is in your head and a recession is on your head.

HTH.

ratewhore
13th March 2008, 11:12
I thought this thread was about the fella suing M & S for slipping on a grape. He lost (http://news.bbc.co.uk/1/hi/england/london/7292657.stm):yay:

Or about the bloke suing the bookies for his losses. He lost (http://news.bbc.co.uk/1/hi/england/wear/7291597.stm) that too :yay:

But then, this fella (http://news.bbc.co.uk/1/hi/england/lincolnshire/7292521.stm) is probably depressed too...

:suicide:

BlasterBates
13th March 2008, 11:40
I always enjoy Snaw's witty and incisive comments.

:smile

snaw
13th March 2008, 11:52
I do too. Helps the day go by a little quicker.

BlasterBates
13th March 2008, 12:02
In fact I'm so impressed with Snaws wit that I copy and save it and repeat it at parties. The reactions are quite hilarious ranging from a punch on the nose to being chased out of the room by an "empathetic trannie" waving a handbag.

oracleslave
13th March 2008, 12:52
In fact I'm so impressed with Snaws wit that I copy and save it and repeat it at parties. The reactions are quite hilarious ranging from a punch on the nose to being chased out of the room by an "empathetic trannie" waving a handbag.

Do you use the words 'Doom' and 'Depression' a lot at these parties or do you save those for your padded cell?

DimPrawn
13th March 2008, 12:56
Depression looming? or will the Fed pull it off (http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/12/ccom112.xml&CMP=ILC-mostviewedbox)

Another bit of doom (http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/13/ccambrose113.xml)

The number of articles appearing with the words "the great depression" are increasing.

So what's going to happen?

:smile

Ask Nicky G.

:)

AtW
13th March 2008, 13:03
I always enjoy Snaw's witty and incisive comments. :smile

Me too. Pity there ain't many of those... :wink

TheOmegaMan
13th March 2008, 13:10
Did anyone hear a squeak ?

Churchill
13th March 2008, 13:12
Did anyone hear a squeak ?

Yup, there goes another squirrel.

techno
13th March 2008, 13:17
Are we not just going to talk ourselves into a recession and make this a self fulfilling prophecy...?

BrilloPad
13th March 2008, 13:19
When interest rates hit zero and economy still does not respond. I reckon 2010.

As I have said repeatedly, it is the disparity between rich and poor that ultimately causes this.

DimPrawn
13th March 2008, 13:25
Are we not just going to talk ourselves into a recession and make this a self fulfilling prophecy...?

I want this to be a total financial wipeout. I have cash and gold and will clean up. Bring it on!!!

snaw
13th March 2008, 13:32
There's something quite satisfying about getting slagged off for being 'witty' by Atw and DP.

Must be doing something right.

VectraMan
13th March 2008, 13:35
I think a depression is in your head and a recession is on your head.

What about repression?

PAH
13th March 2008, 13:47
I want this to be a total financial wipeout. I have cash and gold and will clean up. Bring it on!!!


At least you'll be able to use the cash as loo roll. In a total financial wipeout, money is worth somewhat less than blank paper.

rootsnall
13th March 2008, 13:52
I want this to be a total financial wipeout. I have cash and gold and will clean up. Bring it on!!!

Is it safely under the floor boards !? Your mates at New Liebour will be after it otherwise when everyone else is cleaned out. The problem with holding cash is we might have hyperinflation, it looks like that is the way the yanks are tackling it.

I don't think we want total financial wipeout, it might be a bit scary if the masses are out on their ar*e. I don't see how the welfare state would survive a 30s style depression.

PAH
13th March 2008, 13:59
I don't see how the welfare state would survive a 30s style depression.

Dish out prozac probably.

rootsnall
13th March 2008, 14:09
Dish out prozac probably.

Who makes it ? Perhaps a depression proof share !?

Shares sliding again as we speak, tulip retail figures from the US, we are certainly going to see what a recession is like for the first time in a long time.

Moscow Mule
13th March 2008, 14:10
Dish out prozac probably.

Or bullets.

Nicky G
13th March 2008, 14:10
Is it safely under the floor boards !? Your mates at New Liebour will be after it otherwise when everyone else is cleaned out. The problem with holding cash is we might have hyperinflation, it looks like that is the way the yanks are tackling it.

I don't think we want total financial wipeout, it might be a bit scary if the masses are out on their ar*e. I don't see how the welfare state would survive a 30s style depression.

It won't, which is why New Lie are clamping down on incapacity benefit.