The Global economy and the recession.

We are in the middle of the worst recession in decades, but some so called experts are saying its starting to bottom out, whats your view guys.

I trully believe the worst is over,everyone jumping on Brown but look at how he has handled things !!without his input we would still be going down hill.
I have some controversial beliefs about politics!!! but I do stand by my beliefs!

thedelboy wrote:I trully believe the worst is over,everyone jumping on Brown but look at how he has handled things !!without his input we would still be going down hill.
I have some controversial beliefs about politics!!! but I do stand by my beliefs!

Lest We Forget that Cameron was Lamont's advisor during the recession of the early 90s, which was totally down to the Tories and their inflationary policies, they took 5 years to get us out of it 89-94. GB has almost turned it around within a year for a far worse recession.

vote Tory you know it makes no sense

Wow OP you agree with me on summat

Old_Punk wrote:

thedelboy wrote:I trully believe the worst is over,everyone jumping on Brown but look at how he has handled things !!without his input we would still be going down hill.
I have some controversial beliefs about politics!!! but I do stand by my beliefs!

Lest We Forget that Cameron was Lamont's advisor during the recession of the early 90s, which was totally down to the Tories and their inflationary policies, they took 5 years to get us out of it 89-94. GB has almost turned it around within a year for a far worse recession.

vote Tory you know it makes no sense

They will make cuts every which way though punk, and thanks for getting rid of that awful av.

Mickymod wrote:

Old_Punk wrote:

thedelboy wrote:I trully believe the worst is over,everyone jumping on Brown but look at how he has handled things !!without his input we would still be going down hill.
I have some controversial beliefs about politics!!! but I do stand by my beliefs!

Lest We Forget that Cameron was Lamont's advisor during the recession of the early 90s, which was totally down to the Tories and their inflationary policies, they took 5 years to get us out of it 89-94. GB has almost turned it around within a year for a far worse recession.

vote Tory you know it makes no sense

They will make cuts every which way though punk, and thanks for getting rid of that awful av.

If the Tories get you are looking at a minimum of 5,000 police going, similar number of doctors, 10,000 nurses

a rise in consultants like Hague - who is looking more and more like his Steve Bell cartoon and other such cronies

not forgetting a return to sleaze, ministers trying to feed a BSE burger to their kids and other odious stuff

and selling off every asset we have

they took 5 years to get us out of it 89-94

No IMO, we just went into a financial lull,( of greed is good, style of thinking) it is only now that it has come back to bite us in the backside, we gave away our industry,banking system and everything else, the current problems stem from those years, its going to be a long uphill struggle, theres a lot more problems yet to come.

of course there will be a bit of a struggle, but I think the worse is over; even I am starting to re-invest

Recession? What Recession? Have I missed something?

The worst is just over the horrizon ...trust mre.

jack wrote:The worst is just over the horrizon ...trust mre.

I with you on that one, we`ve just begun, will you be in Llandudno tonight, putting your views forward.? 8)

Snookerballs wrote:

jack wrote:The worst is just over the horrizon ...trust mre.

I with you on that one, we`ve just begun, will you be in Llandudno tonight, putting your views forward.? 8)

Whats happening in the land of no tonight then?

jack wrote:

Snookerballs wrote:

jack wrote:The worst is just over the horrizon ...trust mre.

I with you on that one, we`ve just begun, will you be in Llandudno tonight, putting your views forward.? 8)

Whats happening in the land of no tonight then?

David Bumblebee, Mr cheeky girl and others in BBCs Question Time (give us a wave if youre there)

I believe we are only on the brink of the recession,
this year in the UK will see all the banks go under or be nationalised,
and a complete collapse of the pound.
The days of living on the never-never are over and won't come back,
newspaper headlines about "green shoots" are misleading;
the economy is in freefall.
If we are lucky it will be no worse than the worse days of Thatcherism.
We should get in the habit of not spending now.

Vilipend wrote:I believe we are only on the brink of the recession,
this year in the UK will see all the banks go under or be nationalised,
and a complete collapse of the pound.
The days of living on the never-never are over and won't come back,
newspaper headlines about "green shoots" are misleading;
the economy is in freefall.
If we are lucky it will be no worse than the worse days of Thatcherism.
We should get in the habit of not spending now.

So do you think its just kidology on the part of the so called experts Vil, so there aren't riots in the streets this summer as has been predicted.

I don't know why some experts say things will soon be back to normal Micky.
This is a good article;
http://www.lrb.co.uk/v31/n10/lanc01_.html
it's a bit complex in the middle but it's worth having a look at.
Explains a lot...

Vilipend wrote:I don't know why some experts say things will soon be back to normal Micky.
This is a good article;
http://www.lrb.co.uk/v31/n10/lanc01_.html
it's a bit complex in the middle but it's worth having a look at.
Explains a lot...

I'll read that 2moz when ive got about two hours to spare mate lol. i will have a look though mate .

MickyMod wrote:

Vilipend wrote:I believe we are only on the brink of the recession,
this year in the UK will see all the banks go under or be nationalised,
and a complete collapse of the pound.
The days of living on the never-never are over and won't come back,
newspaper headlines about "green shoots" are misleading;
the economy is in freefall.
If we are lucky it will be no worse than the worse days of Thatcherism.
We should get in the habit of not spending now.

So do you think its just kidology on the part of the so called experts Vil, so there aren't riots in the streets this summer as has been predicted.

This is my opinion as well, (hope I`m wrong though) look closely I don`t see things getting better, another Building Society Closed, (Cheltenham) British Airways almost Broke, may be able to struggle along for a few more weeks.( along with a few more airlines, yet to admit it) Oil Prices going through the roof again, prices will filter through to the market place in a few weeks, Even Auntie BBC is cutting back already, Sentana Sport gone bust, ITV almost finished, this is just the start.

Snookerballs wrote:

MickyMod wrote:

Vilipend wrote:I believe we are only on the brink of the recession,
this year in the UK will see all the banks go under or be nationalised,
and a complete collapse of the pound.
The days of living on the never-never are over and won't come back,
newspaper headlines about "green shoots" are misleading;
the economy is in freefall.
If we are lucky it will be no worse than the worse days of Thatcherism.
We should get in the habit of not spending now.

So do you think its just kidology on the part of the so called experts Vil, so there aren't riots in the streets this summer as has been predicted.

This is my opinion as well, (hope I`m wrong though) look closely I don`t see things getting better, another Building Society Closed, (Cheltenham) British Airways almost Broke, may be able to struggle along for a few more weeks.( along with a few more airlines, yet to admit it) Oil Prices going through the roof again, prices will filter through to the market place in a few weeks, Even Auntie BBC is cutting back already, Sentana Sport gone bust, ITV almost finished, this is just the start.

Speculators are a lot to do with the oil price SB, cos i was watching programme a while back and one of these speculators admitted that he'd pushed the price up artificially even though there was a plentiful supply of black gold, and he said at the time the price would be coming down again which it did, so imo mate, these ppl are playing with ppls lives to make a quick buck and whilst its totally wrong i feel there's not a damn thing we can do about it.

Yes Micky there is a glut of oil, but apparently the Middle East Market is collapsing, so it is a question of trying to support them, if they go under, the oil market goes with them, around here petrol prices are almost as bad as they were last year, but nobody seems to be complaining this time, which I don`t understand.

Oil prices reached a hundred and fifty dollars a barrell through specualtors not long back but ...the reason oil is going up now is cos the China and India and Russia are on the rise.
They are using more and more resources ...the Chinese economy is growing at a staggering six percent ...the Indian population are buying millions of cars and tv's and puters ...the west is fucked ...the east are booming ..therefore demanding more and more oil.

jack wrote:Oil prices reached a hundred and fifty dollars a barrell through specualtors not long back but ...the reason oil is going up now is cos the China and India and Russia are on the rise.
They are using more and more resources ...the Chinese economy is growing at a staggering six percent ...the Indian population are buying millions of cars and tv's and puters ...the west is fucked ...the east are booming ..therefore demanding more and more oil.

I got the impression China`s economy is rapidly slowing down, no one in the west is buying or can afford the goods they are producing, Japan have just managed to get back from a major recession, only to find no one wants their electrical goods and are teetering on the brink again, the Arab states cannot afford the massive building projects they have started and are abandoning them, we flogged them a boat a year ago and they had great ideas on it but now cant afford to do anything with it, its now going rusty.

Snookerballs wrote:

jack wrote:Oil prices reached a hundred and fifty dollars a barrell through specualtors not long back but ...the reason oil is going up now is cos the China and India and Russia are on the rise.
They are using more and more resources ...the Chinese economy is growing at a staggering six percent ...the Indian population are buying millions of cars and tv's and puters ...the west is fucked ...the east are booming ..therefore demanding more and more oil.

I got the impression China`s economy is rapidly slowing down, no one in the west is buying or can afford the goods they are producing, Japan have just managed to get back from a major recession, only to find no one wants their electrical goods and are teetering on the brink again, the Arab states cannot afford the massive building projects they have started and are abandoning them, we flogged them a boat a year ago and they had great ideas on it but now cant afford to do anything with it, its now going rusty.

Chinas economy was expected to run at eight percent but the financial crisis plunged it to ...six ...which is still a staggering amount of growth and to off set the fall in the sales of goods they have turned inward and started social programmes housing etc etc and are buying less and less worthless American monopoly money. They are also doing big deals with Russia and India ...Iran and south America to more than make up for it.
Russia India China are now ditching the dollar and talking of using another currency.
Everyone is ditching the dollar as I ...ignorant little me ...predicted over a year ago on the Mirror forum.
America have been encircling central Asia militarily and central Asia have woken up to the fact that they themselves are paying for that military adventure ...but no longer.
Before this year is out ...America and the dollar collapse.

What I find really interesting is a prediction in the Bible which tells of a billion soldiers heading west from the land of the rising sun.
It says they will build roads to do this.
Well they have built highways into Russia India and Iran ...and who two thousand years ago could have forseen an army of a billion men!
Fascinating but ...I aint checked my facts on it so may have that slightly wrong ...I keep meaning to look closer but never get round to it.