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Reasons Why It Is Utterly Impossible That The Recession Is Over

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1. The "good times" were merely a fantasy of overspending, we never were that rich anyway.

2. Banks will now only lend to their very best customers not any old chav with no job.

3. People are losing their jobs or fearing losing their jobs on a huge scale so cutting back on spending destroying service and retail sectors.

4. Interest rates can only go up and people are struggling as they are.

5. Epic government, business and personal debt to repay before we can spend again.

any more to add?

And the only thing to combat this reality? More unreality in the form of government influenced happy media and scripts for happy pills PROZAC

edit:spelling in title :ph34r:

Edited by athom

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Yes there is one thing to add:

The current statements that there is "pent-up" demand to buy is a pretty deceitful and dishonest spin on precisely the reverse circumstances. Even MORE than pent-up demand to purchase is a much GREATER "pent-up" desire to SELL on the part of those who are hanging on by their finger nails, praying that the market "recovers". Of course it won't and the current unsubstantiated rise, so-called, in values, based as it is on woefully inadequate samples, is as we know a classic bull trap.

And this leads to another myth of shortage of supply, a tired old theme that now is re-emerging. There is no real shortage at all - it is just a temporary consequence of a few hundred thousand deluded sellers withdrawing from the market while hoping those mythical "green shoots" appear. When they realise there are no green shoots at all they will be forced to sell and the crash will continue at a more extreme rate than it did before. (see similar story after the 1990 crash started).

Edited by VacantPossession

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However it happens people are still going to the wall BIG time!

Shops and enterprises closing, major players cutting back, people surviving on credit cards.

Once public spending is hit everything will go for a ball of chalk

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The UK suffers from many problems but perhaps among its vert worst is that group of narcissistic self-entitled imbeciles with their grossly over-simplified approach to finance, property, economics, politics and other issues of major importance.

You know the sort. You've put up with them in just about every walk of life for the last ten years boasting how they mewed to get their new yacht or beemer, smugly convinced of a God given right to make a small fortune with every thing they touch.

They caused the original crunch and now they're just making matters even worse with their unending propagonads.

No-one who saw the Peter Schiff cartoon on Youtube recently (an American and a bunch of Asians shipwrecked on an island) can have failed to see the irony.

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Guest Parry aka GOD
The UK suffers from many problems but perhaps among its vert worst is that group of narcissistic self-entitled imbeciles with their grossly over-simplified approach to finance, property, economics, politics and other issues of major importance.

You know the sort. You've put up with them in just about every walk of life for the last ten years boasting how they mewed to get their new yacht or beemer, smugly convinced of a God given right to make a small fortune with every thing they touch.

They caused the original crunch and now they're just making matters even worse with their unending propagonads.

No-one who saw the Peter Schiff cartoon on Youtube recently (an American and a bunch of Asians shipwrecked on an island) can have failed to see the irony.

Wht's the situation in Singapore harbour like now regards container ships?

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Guest Parry aka GOD
Just how far upstream are you?

64816colkurtz0.jpg

Not quite that far, but you can see it from here.

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Guest happy?

The recession could well be over. That doesn't mean it won't dip again. Nor does it mean that house prices won't resume their downward trend.

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Guest happy?

I've thought of another!

There are lots of bears here renting caves who are willing it not to be.

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Its EASY to end the recession.

just UP government spending, which is part of the GDP calculation.

or just call it a downturn, and abolish the word recession.

double plus good. choco rations all round.

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Global oil production peaked in May 2005.

Yes good one, i'd forgotten about that. All the wealth of the modern world has come from cheap oil. It replaced already cheap manual labour which has now also gone.... Back to slavery then? I guess being forced to pay off impossible debts plus compound interest will do the same for us.

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