Thursday, Jun 11, 2009
Have Your Say
BBC NEWS: Is the recession over for you?
Sample comment:
"The recession will never be over until we rid this country of the cheating, unsympathetic, unlistening Labour government that caused it. To say the country is recovering is a joke particularly when you live in the more depressed areas of the country like my family do. The local high street resembles a ghost town and the only booming trade is in charity shops and pound stores. Never has a government done so little for so many."
Steve Hamblett, South Shields, United Kingdom
Posted by sold out @ 12:55 PM (1143 views) Add Comment
11 Comments
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1. debtfree said...
Reading the comments it seems to be 85% saying NO, and the others saying they were never affected by the recession...yet.
Today the media machine is pumping out 'it's over' - so this must mean things are really bad and it's about to hit the fan soon.
2. paul said...
I notice the BBC has deleted my archive of posted comments. Wonder if that has anything to do with my complaints to them about censoring my comment in 2007 when Alliance and Leicester was about to collapse, suggesting that users get their money out quickly.
Hmm. They are increasingly starting to look like the Politburo.
3. D2thdr said...
BBC is definitely a politburo. I think The Times is quite close to one too.
4. alan said...
A 16% rise on last month doesn't mean much as its down on the same period last year.
Anyone worked out what might happen when we lose the AAA rating because of too much ($1trillion) debt?
Loads of articles on green shoots....what about C&G, LDV, Setanta and all the others? Does Vauxhall have a future? Even West Ham football club was sold because the owner got financially stuffed.
5. andrew said...
I wouldn't count on the recession being over, employers have just started cutting back, friends and friends of friends are being made redundant, to be honest the scale of it is very frightening. The short answer is that nothing is going to recover while unemployment is rising.
6. general congreve said...
The UK is toast. The BBC might be under control of Nu-Lier, but the people making the comments aren't. There's your true picture right there, from the people that matter in the real world.
Oh look, now on the BBC they're saying West Bromwich Building Society is being rescued by the tax payer too. Things are picking up then...
Wish this whole thing would just go it's inevitable way quickly, I'm getting fed up of waiting for my gold investment to pay off!
7. peter_2008 said...
Funny, people that seeing (or claim seeing) green shots seems to be people that do not hold any responsibility of what they say and they do. They are people who are never hold accountable of the consequence of their mistakes, like BTL journalists, economists, politicians and the usual VIs.
In a stark contrast, most of people I know who actually run proper businesses are expecting the recession to last another 2 years. I am not talking about small roofing company with 5 people. I am talking about company directors and CEOs that have to look after (and be accountable of) hundreds and thousands of employees. They care.
These are what I would call the real hard working people. These people are not easily being permissive. They are kind of people in charge of the business development plan for the next 10-15 years. They are not kind of people turn away from hardship. BUT, they are also realistic and right now, they are not optimistic.
My impression is that people who have touch with real life are not seeing any green shots. Their plan for the next 2 years is simply prepare for the worst but do your best.
8. bystander said...
Alan isn't it a little odd that West Ham has been sold to a collective headed by an ICELANDIC bank. They really do have a knack for picking investment opportunities.
9. stillthinking said...
Darling is not coming out with talk of cuts because things are going well. He is obviously aware that he must and that he can delay no longer.
http://www.guardian.co.uk/politics/2009/jun/09/darling-interview-public-spending-clampdown
I am very worried personally because there isn't going to be the public will to restructure the UK. No party can get a public mandate for required reforms, actually it won't be politicians that do the UK in, but the public refusing to face facts and chasing delusional short-termism.
10. 51ck-6-51x said...
What a useless survey. Let's look to more meaningful data, like purchasing manager indices & retail sales to gauge the current state of the real economy.
11. general congreve said...
Just had a thought, perhaps the worm really has turned. The worm of so-called deflation that is perhaps we are just now taking our first tentative steps on the highway to staghyperinflation? I mean the figures say the economy is turning around and starting to grow again, but the people on the ground say that they have no jobs and the cost of living is rising. I'm quite suprised, I didn't think we'd get to this stage of things until 2010/11. Oh well all that QE seems to have worked, forward to burgeoning debt and poverty.