The media and doomsters keep telling me that WE are in a recession and that it's time to build that bunker and stock up on beans but is it true? Where's the evidence?
I work on the mainland in one of the busiest ports in Europe. I can see that the huge container ships are not at full capacity but all the maintenance docks are full so their business is booming.
I can rarely pick and chose with hotels each week as there's always some trade fair going on that consumes them all.
When I walk around the plant it's clear that volumes are down (all the major car plants in DE are on stop until xmas) but the client is spending huge amounts on infrastructure projects based on predicted growth in the next 2 - 10 years.
I don't work in finance or 'the city' which the media is constantly telling me is flipped but the one person I do know in this arena has been offered a new position with a guaranteed £xM bonus.
As I still think in pounds when window shopping, everything seems expensive due to the pound dropping so much since I've been coming over here but since being paid in EUR the net effect is zero.
So do we have a temporary dip because everyone is unnecessarily worried or are we as flipped as the media tells us we are? I can't see it myself.
Discuss.
Please provide real world evidence of why we are (not) in a recession.
I work on the mainland in one of the busiest ports in Europe. I can see that the huge container ships are not at full capacity but all the maintenance docks are full so their business is booming.
I can rarely pick and chose with hotels each week as there's always some trade fair going on that consumes them all.
When I walk around the plant it's clear that volumes are down (all the major car plants in DE are on stop until xmas) but the client is spending huge amounts on infrastructure projects based on predicted growth in the next 2 - 10 years.
I don't work in finance or 'the city' which the media is constantly telling me is flipped but the one person I do know in this arena has been offered a new position with a guaranteed £xM bonus.
As I still think in pounds when window shopping, everything seems expensive due to the pound dropping so much since I've been coming over here but since being paid in EUR the net effect is zero.
So do we have a temporary dip because everyone is unnecessarily worried or are we as flipped as the media tells us we are? I can't see it myself.
Discuss.
Please provide real world evidence of why we are (not) in a recession.
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