UK recession on the way?

Daisy:

People who are struggling to pay for the basics, like food, warmth and shelter are neither able to afford or be inclined to play the stock market

szarlotka:

There is also a school of thought that says that stock market speculators and the like who were intent on dreaming up ever more 'ingenious' debt backed products are more than a little responsible for the current melt down in the financial markets

Wroclaw Boy	Apr 20, 08, 08:15 / #
It appears as though the UK is heading for another recession. 2.5% drop in housing prices for March 2008 Increased food prices Increased oil prices A nation or borrowers An undislcosed figure likely to top 50 billion of debt for national banks GBP in lowest ever position against the EUR Its not looking good folks. Perhaps the immigrants will have no choice but to leave over the coming months as the well dries up.

szarlotkaThreads: 14 Posts: 3,340 Joined: Feb 20, 07	Apr 20, 08, 08:24 / #
Depressing news. Add to that the high level of National Debt against a trend of a rising not falling taxation burden, an increasing 'off balance sheet' need to fund public sector pension commitments from the current account, the other off balance sheet items like the Northern Rock bail out and waht do you get.... So much for Prudence Brown's stewardship of the economy. Anyone seen a genuine increase in the quality of the NHS or Education as a result of the moneies poured into them. Bhutan seems nice....

Grzegorz_Threads: 80 Posts: 6,102 Joined: Nov 16, 06	Apr 20, 08, 08:32 / #
Unfortunately It looks like global recession is on the way...

DaisyThreads: 16 Posts: 2,172 Joined: Apr 28, 07	Apr 20, 08, 08:39 / #
Grzegorz_: Unfortunately It looks like global recession is on the way... Yes, unfortunately I think you're right :(

Wroclaw Boy	Apr 20, 08, 08:42 / #
I know there have been quite a few scares over the years and im not a specialist on the economy. But I would say this appears like the real deal. I wonder if the UK housing market will crash like back in the early 90's

DaisyThreads: 16 Posts: 2,172 Joined: Apr 28, 07	Apr 20, 08, 09:14 / #
News items like this show things are not looking too good

LukaszThreads: 73 Posts: 2,396 Joined: Sep 1, 07	Edited by: Lukasz Apr 20, 08, 09:16 / #
so people look on this http://stooq.com/q/?s=djia the best opportunity to earn money. enjoy. open short possition :) be rich

osiolThreads: 59 Posts: 4,714 Joined: Jul 25, 07	Apr 20, 08, 09:16 / #
What we all need to do is carefully and sensibly take stock of the situation and PANIC!

Grzegorz_Threads: 80 Posts: 6,102 Joined: Nov 16, 06	Apr 20, 08, 09:16 / #
Bills could start rising again in the summer by as much as 25 per cent The same here... :(

DaisyThreads: 16 Posts: 2,172 Joined: Apr 28, 07	Apr 20, 08, 09:35 / #
Lukasz: the best opportunity to earn money. People who are struggling to pay for the basics, like food, warmth and shelter are neither able to afford or be inclined to play the stock market URL

DaisyThreads: 16 Posts: 2,172 Joined: Apr 28, 07	Apr 20, 08, 10:33 / #
Lukasz: you know I think more people in Poland are closer to bottom line than Brtish I was referring to people in general, as Grzegorz said we are heading for global recession. It's the people in the lower paid jobs, whose livelihoods are going to be at greatest risk. People are feeling the credit crunch, they are going to stop spending on the luxuries, not the necessities. People are going to cut back on going out to eat, drink, visit the theatre etc., It's the lowest paid workers who work in these places and they are the ones who will see their jobs most at risk initially.

Wroclaw Boy	Apr 20, 08, 10:49 / #
Daisy: It's the lowest paid workers who work in these places and they are the ones who will see their jobs most at risk initially. This is also the bracket (from the UK side) where most of the immigrants are employed. Lets say unemployemt increases and Mr employer decides to lay off Brits in favour of keeping on their cheaper harder working foreign employees. Mr Brit labour worker is going to be pretty pissed to say the least.

tornado2007Threads: 20 Posts: 3,497 Joined: Jul 11, 07	Apr 20, 08, 10:51 / #
Wroclaw Boy: Mr Brit labour worker is going to be pretty pissed to say the least. aren't they already pissed????? Undercutting, cowboy jobs, cheap labor etc etc

Grzegorz_Threads: 80 Posts: 6,102 Joined: Nov 16, 06	Apr 20, 08, 10:53 / #
tornado2007: aren't they already pissed????? So they better change their panties...

szarlotkaThreads: 14 Posts: 3,340 Joined: Feb 20, 07	Apr 20, 08, 09:40 / #
Daisy: able to afford or be inclined to play the stock market There is also a school of thought that says that stock market speculators and the like who were intent on dreaming up ever more 'ingenious' debt backed products are more than a little responsible for the current melt down in the financial markets. Remember the days when lending was responsible?

DaisyThreads: 16 Posts: 2,172 Joined: Apr 28, 07	Apr 20, 08, 09:45 / #
szarlotka: There is also a school of thought that says that stock market speculators and the like who were intent on dreaming up ever more 'ingenious' debt backed products are more than a little responsible for the current melt down Yes, yet I doubt they will be the ones to suffer most.

LukaszThreads: 73 Posts: 2,396 Joined: Sep 1, 07	Edited by: Lukasz Apr 20, 08, 09:50 / #
Daisy: People who are struggling to pay for the basics, like food, warmth and shelter are neither able to afford or be inclined to play the stock market you know I think more people in Poland are closer to bottom line than Brtish (as to haveing possibility to do business)... so I understand what do you mean. We are going to have slow down in Poland as well. Maybe it is not going to be so drasctic but still ... we are part of world economy. szarlotka: There is also a school of thought that says that stock market speculators and the like who were intent on dreaming up ever more 'ingenious' debt backed products are more than a little responsible for the current melt down in the financial markets it is 100% true.

tornado2007Threads: 20 Posts: 3,497 Joined: Jul 11, 07	Apr 20, 08, 10:54 / #
Grzegorz_: So they better change their panties... ow greg trust you to misunderstand a sentence :) i can't blame you though as English is your second language

Wroclaw Boy	Apr 20, 08, 10:56 / #
tornado2007: aren't they already pissed????? Yup, and its going to get a lot worse before it gets better. Best strat putting pennies in the piggy.

szarlotkaThreads: 14 Posts: 3,340 Joined: Feb 20, 07	Apr 20, 08, 10:58 / #
Wroclaw Boy: Best strat putting pennies in the piggy. Time to start hoarding things too - petrol, bread, water etc. and in Osiol's case, carrots

Wroclaw Boy	Apr 20, 08, 11:01 / #
szarlotka: in Osiol's case, carrots Yeh, im thinking of starting a vegetable garden just in case. Live off the land a little.

DaisyThreads: 16 Posts: 2,172 Joined: Apr 28, 07	Edited by: Daisy Apr 20, 08, 11:02 / #
szarlotka: Time to start hoarding things too - petrol, bread, water etc. and in Osiol's case, carrots With Grangemouth refinery shutting down, people in Scotland are starting to do that already Wroclaw Boy: Yeh, im thinking of starting a vegetable garden just in case. Live off the land a little. Sorry, all available land will be needed to grow plants to make bio fuel

KilklineThreads: 3 Posts: 894 Joined: Jul 23, 07	Apr 20, 08, 13:06 / #
Daisy: It's the people in the lower paid jobs, whose livelihoods are going to be at greatest risk. Phew, thats a relief. I'll still sack one of the nannies though just in case.

SeanusThreads: 22 Posts: 30,160 Joined: Dec 25, 07	Apr 20, 08, 13:09 / #
Exactly what the bankers want. World recession is their dream. If they had their way, it'd be a world government in recession so they could call the shots.

MaliThreads: - Posts: 333 Joined: Mar 3, 08	Apr 20, 08, 13:22 / #
Wroclaw Boy: It appears as though the UK is heading for another recession. UK and pretty much everywhere else. In Canada, economists are saying that the coming recession will be the worst one in 50 years. Gas prices are soaring and people are panicking. My family hasn`t felt it yet, but we`ll see what happens in the next few months. Seanus: Exactly what the bankers want. World recession is their dream. If they had their way, it'd be a world government in recession so they could call the shots. Yup. A few rich ba$tards calling the shots. They probably figured out how much money they can make by inducing a debt crisis in the third world, so why not do it worldwide?

szkotja2007Threads: 38 Posts: 2,543 Joined: Dec 29, 06	Apr 20, 08, 15:17 / #
Lukasz: enjoy. open short possition :) be rich The "smart" money will be doing this. URL Those looking for security should buy Gold. And for those of us who are not tycoons - pay your debts off as soon as you can !

hu_manThreads: 8 Posts: 155 Joined: Jan 8, 08	Apr 20, 08, 15:27 / #
But what makes me laugh it aint the lowest paid workers who are gonna feel it, its the ones taking credit, the poor folk(laughs to him self) dont take credit they just live and their happy.. its the ones that thought they were better with the credit that will feel it, cos they are the ones that will be going without.....!

LukaszThreads: 73 Posts: 2,396 Joined: Sep 1, 07	Edited by: Lukasz Apr 20, 08, 15:34 / #
szkotja2007: Those looking for security should buy Gold. More and more people talk about Gold (bad sign)... Congrat. because I remember that you have been talking about that more than half year ago ... http://stooq.com/q/?s=gc.f&d=20080418

SeanusThreads: 22 Posts: 30,160 Joined: Dec 25, 07	Apr 20, 08, 15:37 / #
Greedy gits like Larry Silverstein and his henchmen hoard it. There were vast reserves of gold under WTC5, that Zionist prick likely made off with it. May he get his comeuppance. Stop 'pulling it' Larry and start thinking about others

BubbaWooThreads: 46 Posts: 4,438 Joined: Sep 26, 06	Apr 20, 08, 15:43 / #
Mali: Yup. A few rich ba$tards calling the shots why would you want a poor barstard calling the shots. if they cant get their own poop together why should they go anywhere near other peoples poop? smart people invested in lead a while back