Monday, Jul 14, 2008
The debate is over: recession is already here
guardian.co.uk: The debate is over: recession is already here
We're going into recession. That's all you need to know.
Actually, not quite all you need to know. It may be worse than that - we may already be in one. The turn in the economy, although it has been lurking out there for some time, has come swiftly and sharply in the past few weeks, as is often the case with recessions. When the economic history books are written, they will almost certainly say the late-noughties recession began in earnest in the late spring of 2008
Posted by housebear @ 09:29 AM (598 views) Add Comment
3 Comments
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1. wage slave said...
The talk in my local this weekend was all about the economy, and how bad the recession / depression will get, not if it's going to happen.
A few weeks ago it would barely have been talked about.
2. Rm96696 said...
What happened to the "strong fundamentals" underpinning house prices?
3. Daveats said...
Read daily mirror today,it appears everybody knows we are in recession apart from the corrupt govt figures,i wonder if this is so they only have to give inflation pay rises of their figures.No Gordon wouldn´t decieve us would he.