athom Posted August 2, 2009 Share Posted August 2, 2009 (edited) 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 Edited August 2, 2009 by athom Quote Link to comment Share on other sites More sharing options...
SarahBell Posted August 2, 2009 Share Posted August 2, 2009 1. The "good times" were merely a fantasy of overspending, we never were that rich anyway. I don't think this could be overstated enough. Quote Link to comment Share on other sites More sharing options...
DabHand Posted August 2, 2009 Share Posted August 2, 2009 Everything that led us here has not been resolved. Quote Link to comment Share on other sites More sharing options...
Ruffneck Posted August 2, 2009 Share Posted August 2, 2009 Why It Is Utterly Impossible That The Reccesion Is Over? 1.Gordon Brown is still in power Quote Link to comment Share on other sites More sharing options...
Y-QUERK Posted August 2, 2009 Share Posted August 2, 2009 65. People are bad at maths. Quote Link to comment Share on other sites More sharing options...
The Spaniard Posted August 2, 2009 Share Posted August 2, 2009 We continue to be forced to borrow at interest from commercial banks almost all of our means of exchange. Quote Link to comment Share on other sites More sharing options...
Prof Posted August 2, 2009 Share Posted August 2, 2009 Property prices aren`t at least 30% lower than peak. Quote Link to comment Share on other sites More sharing options...
AvidFan Posted August 2, 2009 Share Posted August 2, 2009 This is the end of a 40-year credit cycle, not a 10-year business cycle. It's over folks. Quote Link to comment Share on other sites More sharing options...
VacantPossession Posted August 2, 2009 Share Posted August 2, 2009 (edited) 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 August 2, 2009 by VacantPossession Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted August 2, 2009 Share Posted August 2, 2009 This is the end of a 40-year credit cycle, not a 10-year business cycle. It's over folks. Don't you mean 60 year cycle? For me the biggest problem is that the debt mountain remains. Quote Link to comment Share on other sites More sharing options...
hev Posted August 2, 2009 Share Posted August 2, 2009 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 Quote Link to comment Share on other sites More sharing options...
Dave Spart Posted August 2, 2009 Share Posted August 2, 2009 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. Quote Link to comment Share on other sites More sharing options...
Guest Parry aka GOD Posted August 2, 2009 Share Posted August 2, 2009 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? Quote Link to comment Share on other sites More sharing options...
athom Posted August 2, 2009 Author Share Posted August 2, 2009 Wht's the situation in Singapore harbour like now regards container ships? Just how far upstream are you? Quote Link to comment Share on other sites More sharing options...
Guest Parry aka GOD Posted August 2, 2009 Share Posted August 2, 2009 Just how far upstream are you? Not quite that far, but you can see it from here. Quote Link to comment Share on other sites More sharing options...
Guest happy? Posted August 2, 2009 Share Posted August 2, 2009 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. Quote Link to comment Share on other sites More sharing options...
Guest happy? Posted August 2, 2009 Share Posted August 2, 2009 I've thought of another! There are lots of bears here renting caves who are willing it not to be. Quote Link to comment Share on other sites More sharing options...
DeepLurker Posted August 2, 2009 Share Posted August 2, 2009 6. Rising house prices are still perceived as a sign of prosperity, whereas it is just as immoral as putting up the price of food. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted August 2, 2009 Share Posted August 2, 2009 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. Quote Link to comment Share on other sites More sharing options...
athom Posted August 2, 2009 Author Share Posted August 2, 2009 The recession could well be over. But it's utterly impossible Quote Link to comment Share on other sites More sharing options...
CokeSnortingTory Posted August 2, 2009 Share Posted August 2, 2009 Global oil production peaked in May 2005. Quote Link to comment Share on other sites More sharing options...
athom Posted August 2, 2009 Author Share Posted August 2, 2009 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. Quote Link to comment Share on other sites More sharing options...
hedgefunded Posted August 2, 2009 Share Posted August 2, 2009 Lidls and Aldi are thriving. Poundland is in every High Street Cash Converters too. Quote Link to comment Share on other sites More sharing options...
Radge Posted August 2, 2009 Share Posted August 2, 2009 Quote Link to comment Share on other sites More sharing options...
Minos Posted August 2, 2009 Share Posted August 2, 2009 The recession could well be over. Numerically, I agree, there could be a pause. Quote Link to comment Share on other sites More sharing options...
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