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Author Topic: Recession, have a look at this  (Read 4504 times)

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STEMO

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Recession, have a look at this
« on: 07 May 2020, 11:30:01 »

I know that these numbers are mainly guesstimates, most financial predictions are, but Jeez they are scary. Some of the snippets thrown into the mix are surprising too, "cautious shoppers will continue social distancing until mid 2021"  :o
I'm a bit wary of a 15% bounce back next year too.

Bank of England warns of deepest recession on record https://www.bbc.co.uk/news/business-52566030
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Migv6 le Frog Fan

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Re: Recession, have a look at this
« Reply #1 on: 07 May 2020, 11:56:06 »

Scary stuff. I suppose the silver lining is that there should be plenty of bargains for those still in work.
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STEMO

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Re: Recession, have a look at this
« Reply #2 on: 07 May 2020, 12:14:09 »

Scary stuff. I suppose the silver lining is that there should be plenty of bargains for those still in work.
As long as it's delivered to your door.
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Rangie

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Re: Recession, have a look at this
« Reply #3 on: 07 May 2020, 12:20:12 »

Need a new TV so will wait a while definitely.😃
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Doctor Gollum

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Re: Recession, have a look at this
« Reply #4 on: 07 May 2020, 12:21:34 »

Technically it's a suppression as it's been a considered course of action rather than natural market forces.

But if Batflu is what it takes to have a bit of a rethink, then it's actually not a bad thing. Adapt or die and all that ;)

Anyone trying to cash out investments 'because their pension pots are in the toilet' are going to be kicking themselves in a few months when the markets recover.
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Doctor Gollum

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Re: Recession, have a look at this
« Reply #5 on: 07 May 2020, 12:23:18 »

Need a new TV so will wait a while definitely.😃
Horlicks. Complete and utter.  ;D

If you have the spare cash and fancy one, buy it.

Just don't expect them to put it in the living room and plug it in for you ::)
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Lizzie Zoom

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Re: Recession, have a look at this
« Reply #6 on: 07 May 2020, 12:26:10 »

Well the post WW2 UK debt was £21 billion, and it took until 2006 until all debts had been paid off.

So, whatever the final UK debt figure that has been amassed at the end of all this, will take a long time to clear again, and I am sure we will go through a period of austerity as the British did after WW2 that I was still seeing as a child in the late 1950's, but how long it will last, who knows! ::) ::) ::)
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dave the builder

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Re: Recession, have a look at this
« Reply #7 on: 07 May 2020, 12:31:34 »

I was about to say....

companies and people will need to adapt to a brave new world

I think we will see much innovation and a return to "Made  in Britain"

That's once people are confident enough to emerge from their bunkers  ;D
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STEMO

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Re: Recession, have a look at this
« Reply #8 on: 07 May 2020, 12:31:41 »

Well the post WW2 UK debt was £21 billion, and it took until 2006 until all debts had been paid off.

So, whatever the final UK debt figure that has been amassed at the end of all this, will take a long time to clear again, and I am sure we will go through a period of austerity as the British did after WW2 that I was still seeing as a child in the late 1950's, but how long it will last, who knows! ::) ::) ::)
The 'national debt' will never be cleared, Lizzie, it's just a number, and it seems to bear no relation as to how a country is considered credit worthy or not. Some countries are in a better position than others. We, unlike the Eurozone, are able to print money. This usually leads to high inflation somewhere down the road, but that's a problem for another day. (Governments have been working this way for decades. The next parliament can sort it out).
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STEMO

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Re: Recession, have a look at this
« Reply #9 on: 07 May 2020, 12:33:02 »

The Americans are going to end up with trillions of dollars of debt, but it won't stop them functioning as normal.
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Rangie

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Re: Recession, have a look at this
« Reply #10 on: 07 May 2020, 12:33:52 »

Need a new TV so will wait a while definitely.😃
Horlicks. Complete and utter.  ;D

If you have the spare cash and fancy one, buy it.

Just don't expect them to put it in the living room and plug it in for you ::)


Spare cash ! I'm a pensioner 😃😀😄
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STEMO

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Re: Recession, have a look at this
« Reply #11 on: 07 May 2020, 12:35:02 »

Need a new TV so will wait a while definitely.😃
Horlicks. Complete and utter.  ;D

If you have the spare cash and fancy one, buy it.

Just don't expect them to put it in the living room and plug it in for you ::)


Spare cash ! I'm a pensioner 😃😀😄
Aye. That'll be some fickin pension. ;D
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dave the builder

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Re: Recession, have a look at this
« Reply #12 on: 07 May 2020, 12:37:34 »

Need a new TV so will wait a while definitely.😃
Horlicks. Complete and utter.  ;D

If you have the spare cash and fancy one, buy it.

Just don't expect them to put it in the living room and plug it in for you ::)


Spare cash ! I'm a pensioner 😃😀😄
In that case , get the B&W portable out the loft  ;D
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Lizzie Zoom

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Re: Recession, have a look at this
« Reply #13 on: 07 May 2020, 12:43:07 »

Well the post WW2 UK debt was £21 billion, and it took until 2006 until all debts had been paid off.

So, whatever the final UK debt figure that has been amassed at the end of all this, will take a long time to clear again, and I am sure we will go through a period of austerity as the British did after WW2 that I was still seeing as a child in the late 1950's, but how long it will last, who knows! ::) ::) ::)
The 'national debt' will never be cleared, Lizzie, it's just a number, and it seems to bear no relation as to how a country is considered credit worthy or not. Some countries are in a better position than others. We, unlike the Eurozone, are able to print money. This usually leads to high inflation somewhere down the road, but that's a problem for another day. (Governments have been working this way for decades. The next parliament can sort it out).

Yes, very true as well :y :y

I have heard some 'financial observers' suggest that, as this debt is widespread across nations,it should just be "written off"!  Now, I am no national financier, but would the stinking rich individuals / countries of the world, who are the ones at the end of this chain of debt allow this to happen?

Anyone qualified out there to answer that?

All I know in business you cannot write off customers debts without giving your company one hell of a financial problem, even annihilation in the commercial world. :o :o

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Lizzie Zoom

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Re: Recession, have a look at this
« Reply #14 on: 07 May 2020, 12:44:05 »

The Americans are going to end up with trillions of dollars of debt, but it won't stop them functioning as normal.

They already owe China trillions of dollars in debts  :(
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