Thursday, February 5, 2009

Good news the recession is over!

The worst of recession could be behind us

Forensic analysis of the economic situation.

Posted by bellwether @ 08:16 AM (940 views)
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8 thoughts on “Good news the recession is over!

  • Sorry if you are reading this over b/fast but its time for an adage – based on the Telegraph’s title – i’m afraid…

    Picking bottoms gives you dirty fingers!

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  • Ta bellwether – am working on stuff at the mo but will look later… did you find the Hamilton bolton thing of interest the other day?

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  • The BBC are reporting that Halifax index shows 1.9% INCREASE in house prices for January!

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  • Yeah TM had a look – although seems you have to pay for the detailed stuff. Tend to agree that this is inevitably deflationary. Primarily because the consumer, who is rightly or wronly critical to everything, isn’t going to want to spend even if they can get there hands on money.

    Also property “values” control money suppy and they are falling a process that could only be arrested by very extreme measures eg writing off 50% of mortgage debt or doubling everyones income overnight. A debasement of currency which would undermine our medium of exchange and devastate commerce.

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  • I agree with this. Those of you who are facing backwards will really find that the worst of the bubble is actually behind you.

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  • dont you think it is funny since the grilling the press had, they are tying to bump things up now!!!!!!!!!!!!! This country is worse than china…..

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  • Reminds me of my boss, same day as WaMu was collapsing: “We’re through the worst of it.”

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