Recession? Now? Recession? Now?
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  1. #1

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    Default Recession? Now?

    I'm a bit disgusted with the timimg of this recession. They normally start just after the turn of the decade. I'm not ready yet.

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    Quote Originally Posted by expat View Post
    I'm a bit disgusted with the timimg of this recession. They normally start just after the turn of the decade. I'm not ready yet.
    It is a bit of a bummer really; we all know that economies are cyclical, but this recession doesn’t look to me like a cyclical recession, more the result of economic vandalism and incompetence on the part of banks. For most of Europe it’s an early recession, not a cyclical one. Here in the Netherlands and in many other European countries, we don’t have a massive house price bubble, huge levels of personal debt or huge government deficits, but we’ve been driven into this mess by the wide boys in Wall Street and the City.

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    Agree.. what we need is for everyone to say when they are ready for a recession...


    Recession by consensus.

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    Quote Originally Posted by tay View Post
    Agree.. what we need is for everyone to say when they are ready for a recession...
    …and then a nice cup of tea with a digestive biscuit for everyone, followed by a recovery.

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    Quote Originally Posted by tay View Post
    Agree.. what we need is for everyone to say when they are ready for a recession...


    Recession by consensus.
    Expectations drive recessions, so we do usually have recession by concensus
    The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.

    But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”

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    Quote Originally Posted by Mich the Tester View Post
    …and then a nice cup of tea with a digestive biscuit for everyone, followed by a recovery.
    With feet up on a leather poofe..
    "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make myself look wise and well read."
    - Voltaire/Benjamin Franklin/Anne Frank...

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    Quote Originally Posted by Bagpuss View Post
    Expectations drive recessions, so we do usually have recession by concensus
    That’s the point. If people can be persuaded to expect a recovery, then there’ll be a recovery. That’s why chef’s gran’s remedy-for-everything of a nice cup of tea is such a good analogy for what’s needed in the economy; something to feel good about, instead of looking at the stock market indices every day (which I’ve never done anyway as I find it almost as interesting as watching bowls.)

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    Quote Originally Posted by cojak View Post
    With feet up on a leather poofe..
    A bit homoerotic-phobic.

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    Quote Originally Posted by cojak View Post
    With feet up on a leather poofe..
    Proud owner of +5 Xeno Geek Points

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    Quote Originally Posted by cojak View Post
    With feet up on a leather poofe..
    Around here, all the locals drink coffee and spend their time getting agitated instead of solving problems. The British and Irish contractors just have a nice cuppa together, work out a solution and then have plenty of time left for posting on CUK.

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