Where's the Great Depression we were facing?

**Shimano105** · 1 June 2009, 08:30

I see what you mean

Let the good times roll

**milanbenes** · 1 June 2009, 08:32

seems to be the same story everywhere

but the losses still remain, and they are not being accomodated
by recessions, collapse, job losses etc...

then I can only conclude, they will be compensated by inflation

yes, in the global financial crisis the majority might have kept their jobs,
but on the otherside, we might end up paying by inflation

time to get into tangibles

Milan.

**sasguru** · 1 June 2009, 08:32

Good old Labour. Can't knock 'em.

**DimPrawn** · 1 June 2009, 08:33

Originally posted by Shimano105 View Post

I see what you mean

Let the good times roll

Exactly. Average salaries around £600K pa.

All we need at that salary is lenders to do 8x salary at 125% LTV again and we're all laughing. Bedsits for everyone!

Come on Gordon, call the election, I want to stick an X on the ballot paper and secure Labour another victory.

**Doggy Styles** · 1 June 2009, 08:59

The initial panicking is over.

But the economic sh!te is not.

**Menelaus** · 1 June 2009, 09:12

I remain convinced that, whilst we might be seeing green shoots, these are not the green shoots one would expect at the end of a full-blown recession (that we're still in).

Unemployment continues to rise, house prices are at best flat and CPI is volatile.

Beginning of the end? No, perhaps - at best - the end of the beginning.

**DimPrawn** · 1 June 2009, 09:20

http://news.bbc.co.uk/1/hi/business/8076713.stm

http://news.bbc.co.uk/1/hi/business/8076649.stm

http://news.bbc.co.uk/1/hi/business/8073115.stm

There's so much good news out there it's hurting my eyes.

**suityou01** · 1 June 2009, 09:29

Originally posted by DimPrawn View Post

Stock market:

http://newsvote.bbc.co.uk/1/shared/f...hree_month.stm

Oil:

http://newsvote.bbc.co.uk/1/shared/f...hree_month.stm

Gold:

http://newsvote.bbc.co.uk/1/shared/f...hree_month.stm

House Prices:

http://www.express.co.uk/posts/view/...ng-gloom-lifts

http://business.timesonline.co.uk/to...cle6401727.ece

Rightmove and Nationwide both showing gains.

Come on, where's the economic collapse, next failed state etc?

Nothing can stop New Labour now.

Dude, give me a trillion dollar bailout and I'll show you a good time for a few months as well. It's easy to reinflate a credit bubble with a few freshly printed billions.

Trouble is, then this credit bubble bursts, it will be like nothing on earth ever seen before.

**DimPrawn** · 1 June 2009, 09:31

Originally posted by suityou01 View Post

Dude, give me a trillion dollar bailout and I'll show you a good time for a few months as well. It's easy to reinflate a credit bubble with a few freshly printed billions.

Trouble is, then this credit bubble bursts, it will be like nothing on earth ever seen before.

We'll pump it up again with quadrillion dollar bailout.

Where's the Great Depression we were facing?