Timm Posted September 7, 2009 Share Posted September 7, 2009 http://www.estateagencynews.co.uk/smith_ar.../psmith0709.asp Let’s suppose the market is in the middle of a ‘W’ trend-line, where we have come down the first slope and are on the way up, but waiting on the other side is another down. We need to make sure the ‘W’ has the symmetry of a traditional typeface rather than something that has been drawn by Salvador Dali, whose surrealist images hang lopsidedly into the future. I am no economist, but there does seem to be an inescapable logic in the argument we are in for a double-dip recession with sharply rising unemployment, falling tax revenues, public spending cutbacks and lower incomes, irrespective of which party is in Government. All this could mean greater budget deficits and more downward pressure on the housing market for the next two or three years. In the interests of balance, I should point out that the front page is somewhat more bullish... Quote Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted September 7, 2009 Share Posted September 7, 2009 double-dip recession with sharply rising unemployment, falling tax revenues, public spending cutbacks and lower incomes, irrespective of which party is in Government. . Ski Jump recession more like Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted September 7, 2009 Share Posted September 7, 2009 I am no economist, but there does seem to be an inescapable logic in the argument we are in for a double-dip recession with sharply rising unemployment, falling tax revenues, public spending cutbacks and lower incomes, irrespective of which party is in Government. Clearly they aren't. Haven't they heard about the jobless recovery? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted September 7, 2009 Share Posted September 7, 2009 Ski Jump recession more like Eddie "the Eagle" Edwards style? Quote Link to comment Share on other sites More sharing options...
IMHAL Posted September 7, 2009 Share Posted September 7, 2009 Its an estate-agency-less recovery. Quote Link to comment Share on other sites More sharing options...
Timm Posted September 7, 2009 Author Share Posted September 7, 2009 Its an estate-agency-less recovery. Quote Link to comment Share on other sites More sharing options...
abharrisson Posted September 7, 2009 Share Posted September 7, 2009 If it is a double dip then I reckon the second dip would be much more severe as many businesses and people have dipped into reserves etc to stay afloat and now theres not much left..... equally mentally a second more severe dip would be more difficult to take for many.... the only thing I think perhaps which runs against the double dip theory is the fact that interest rates are so very very low.... while unemployment might go up another 1m or so there are still countless milllions in employment with arguably more household dosposable income than they had even in 2006/2007 .... if rates are kept low until a stornger recovery is well underway then we may just avoid a double dip.. but if we don't watch out. Quote Link to comment Share on other sites More sharing options...
Laura Posted September 7, 2009 Share Posted September 7, 2009 All this could mean greater budget deficits and more downward pressure on the housing market for the next two or three years. With one minor correction the boy? has it, All this could mean greater budget deficits and more downward pressure on the housing market for the next twenty or thirty years. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted September 7, 2009 Share Posted September 7, 2009 If it is a double dip then I reckon the second dip would be much more severe as many businesses and people have dipped into reserves etc to stay afloat and now theres not much left..... equally mentally a second more severe dip would be more difficult to take for many.... the only thing I think perhaps which runs against the double dip theory is the fact that interest rates are so very very low.... while unemployment might go up another 1m or so there are still countless milllions in employment with arguably more household dosposable income than they had even in 2006/2007 .... if rates are kept low until a stornger recovery is well underway then we may just avoid a double dip.. but if we don't watch out. double dip? where is the rise of the first dip? house prices do not an economy make. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted September 7, 2009 Share Posted September 7, 2009 Its an estate-agency-less recovery. Interestrateripoff will be fuming Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted September 7, 2009 Share Posted September 7, 2009 The public, business and EA's have gone for a dose of insanely overpriced and hyped up property and debt fuelled (personal and public) debt. All concerned are going to puke on that prescription. Quote Link to comment Share on other sites More sharing options...
juvenal Posted September 7, 2009 Share Posted September 7, 2009 (edited) "We need to make sure the ‘W’ has the symmetry of a traditional typeface rather than something that has been drawn by Salvador Dali, whose surrealist images hang lopsidedly into the future. " He's probably got Dali's painting An Estate Agent Contemplates Sales in the Winter of '09 in mind.... Edited September 7, 2009 by juvenal Quote Link to comment Share on other sites More sharing options...
twatmangle Posted September 7, 2009 Share Posted September 7, 2009 "We need to make sure the ‘W’ has the symmetry of a traditional typeface rather than something that has been drawn by Salvador Dali, whose surrealist images hang lopsidedly into the future. " He's probably got Dali's painting An Estate Agent Contemplates Sales in the Winter of '09 in mind.... Mr. Mangle TruFact: The Chupa Chups logo was designed by Salvador Dali. Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted September 7, 2009 Share Posted September 7, 2009 (edited) "We need to make sure the ‘W’ has the symmetry of a traditional typeface rather than something that has been drawn by Salvador Dali, whose surrealist images hang lopsidedly into the future. " He's probably got Dali's painting An Estate Agent Contemplates Sales in the Winter of '09 in mind.... Or the Bull, in 3D. http://1.bp.blogspot.com/_x-kq_MzedhI/SoTN...Melting+Cow.jpg Edited September 7, 2009 by OnlyMe Quote Link to comment Share on other sites More sharing options...
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