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Is the recession over?

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    Is the recession over?

    See poll.
    32
    What recession?
    12.50%
    4
    The worst is over but the road to recovery will be rocky
    21.88%
    7
    The tulip has yet to hit the fan
    46.88%
    15
    Buy beans and ammo
    9.38%
    3
    sasguru laughs in the face of recession and runs away muttering something about cretin
    9.38%
    3

    #2
    Nah, jsut starting.

    HTH
    Hard Brexit now!
    #prayfornodeal

    Comment


      #3
      No.

      Comment


        #4
        By official figures yes.

        There'll be a lot of ups and downs over the next few years. The real crash has been in paper currencies due to the trillions printed.

        Lots of scope to make a lot money if you think about it.

        I think we'll see a big tick up or down after the next election, depending on who gets in / hung parliament.

        Lots of big tax rises and job loses then too, and that's when UK property prices will take a big hit.

        I'll pile in on UK property at that point. Until then it's move your cash around the currencies and gold game.

        Buy buy buy!

        bye bye.

        Comment


          #5
          Originally posted by DimPrawn View Post
          By official figures yes.

          There'll be a lot of ups and downs over the next few years. The real crash has been in paper currencies due to the trillions printed.

          Lots of scope to make a lot money if you think about it.

          I think we'll see a big tick up or down after the next election, depending on who gets in / hung parliament.

          Lots of big tax rises and job loses then too, and that's when UK property prices will take a big hit.

          I'll pile in on UK property at that point. Until then it's move your cash around the currencies and gold game.

          Buy buy buy!

          bye bye.
          Check this out for über doom to come in the house market:

          GfK estimates that about 3.8 million people are now paying more on their mortgage than their house is worth..."The reality is that if there are further job cuts, the problem will become significantly worse."...The report came on the same day that Nationwide, Britain's biggest building society, said the fall in property prices was continuing apace, with average prices falling a further 1.8 per cent in January, taking them back to the level they were in April 2004.
          http://www.telegraph.co.uk/finance/p...chers-say.html

          Comment


            #6
            The big dip is coming in 2011/2012 when big corporates are unable to refi their debt because the ratings and the data on which a refi package would be built is so volatile as to be thoroughly misleading.

            Comment


              #7
              http://news.bbc.co.uk/1/hi/business/8549000.stm

              UK house prices recorded their first monthly fall since June with a 1.5% drop in February, the Halifax has said.

              Comment


                #8
                House prices in prime London locations rise by £16,000 per month.

                http://www.guardian.co.uk/money/2009...ndon-locations



                Boomed! I feel sorry for you provincials.

                PS Don't know why I go to work.
                Ah just rememebered - I get loads of wonga for doing very little. Multi-boomed.
                Hard Brexit now!
                #prayfornodeal

                Comment


                  #9
                  Originally posted by sasguru View Post
                  House prices in prime London locations rise by £16,000 per month.

                  http://www.guardian.co.uk/money/2009...ndon-locations



                  Boomed! I feel sorry for you provincials.

                  PS Don't know why I go to work.
                  Ah just rememebered - I get loads of wonga for doing very little. Multi-boomed.
                  If you compound that rise over the next 10 years, your house will be worth £300,000,000,000,000

                  Well done!

                  Best go spend it now!

                  Comment


                    #10
                    Originally posted by sasguru View Post
                    House prices in prime London locations rise by £16,000 per month.

                    http://www.guardian.co.uk/money/2009...ndon-locations



                    Boomed! I feel sorry for you provincials.

                    PS Don't know why I go to work.
                    Ah just rememebered - I get loads of wonga for doing very little. Multi-boomed.
                    Bloody hell. Is it 2009 already?

                    That came around fast.

                    Comment

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