Recession over? - You ain't seen nothing yet

[sasguru]

So after all the printing money and other stimuli the economy grew by 0.1% in the last quarter, following a 6% contraction in total

We're well and truly fooked.

Well what do you think is going to happen when interest rates have to rise to combat inflation, the BOE stops printing money and the inevitable public sector lay-offs take place?

The financial industry is leaving and Britain's manufacturing is too small for an export led-recovery.

What has just passed will be known as the "Phoney recession". The real one is yet to come. Remember you heard it here first.

[AtW]

Did you miss last sKA News or just opted to lie low for a bit?

[DiscoStu]

That's what I love about this forum, all the doom

[sasguru]

Did you miss last sKA News or just opted to lie low for a bit?

I tend not to read your bollux.
What is the news in one sentence?

[AtW]

I tend not to read your bollux.

You are posting it though, right? Now give me that sandwich.

[BlackenedBiker]

The financial industry is leaving

Are you going with them.....

[DimPrawn]

Perhaps if the government paid some hand picked scientists to tell you the recession is over you'd believe them.

[Jeebo72]

That's what I love about this forum, all the doom

Well, to add to the boom ... I made a fortune out of the credit crunch buying banking stocks at stupidly low prices. I haven't been out of work a single day (tho I admit rates down a bit), so for me it's all good. Can't wait for the interest rates to rocket, so I can earn some interest on my cash and buy houses at cheap prices (and lease back to gov.) due to the massive amount of repo's ... great days.

[AtW]

Can't wait for the interest rates to rocket

And what do you think will happen with inflation?

If I were you I'd diversify into multiple currencies, strictly for hedging purposes (not dirty spekulations).

[DimPrawn]

Well, to add to the boom ... I made a fortune out of the credit crunch buying banking stocks at stupidly low prices. I haven't been out of work a single day (tho I admit rates down a bit), so for me it's all good. Can't wait for the interest rates to rocket, so I can earn some interest on my cash and buy houses at cheap prices (and lease back to gov.) due to the massive amount of repo's ... great days.

Good man!

That's the spirit. See opportunity everywhere.