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View Full Version : Recession over? - You ain't seen nothing yet



sasguru
26th January 2010, 13:28
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 :laugh:laugh

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
26th January 2010, 13:30
Did you miss last sKA News or just opted to lie low for a bit? :wink

DiscoStu
26th January 2010, 13:31
That's what I love about this forum, all the doom :D

sasguru
26th January 2010, 13:32
Did you miss last sKA News or just opted to lie low for a bit? :wink

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

AtW
26th January 2010, 13:36
I tend not to read your bollux.

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

BlackenedBiker
26th January 2010, 13:37
The financial industry is leaving


Are you going with them.....:talk:

DimPrawn
26th January 2010, 13:41
Perhaps if the government paid some hand picked scientists to tell you the recession is over you'd believe them.

:laugh

Jeebo72
26th January 2010, 13:44
That's what I love about this forum, all the doom :D

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
26th January 2010, 13:46
Can't wait for the interest rates to rocket

:rollin:

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
26th January 2010, 13:46
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.

Scary
26th January 2010, 13:51
:rollin:

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).

But they're all doomed.

AtW
26th January 2010, 13:59
But they're all doomed.

Would you rather be the first guy who gets it, or the last? :eyes

Jeebo72
26th January 2010, 14:03
Good man!

That's the spirit. See opportunity everywhere.

Too right, there's always winners and losers ... why be a loser. I'll take special delight in buying sasguru's 1 bed room place and renting in out to gipo's.

MrMark
26th January 2010, 14:19
I really am a dumbkopf - please ignore

DimPrawn
26th January 2010, 14:20
Too right, there's always winners and losers ... why be a loser. I'll take special delight in buying sasguru's 1 bed room place and renting in out to gipo's.

Come on now, that's a nasty thing to do.

Gypsies deserve somewhere nice to live.

suityou01
26th January 2010, 14:52
Come on now, that's a nasty thing to do.

Gypsies deserve somewhere nice to live.

Sid Pegg will be twitching his curtains (http://www.youtube.com/watch?v=QHIJUvgBNE8)

A Gippo, A Gipsy, A Gipolata :laugh