Wolveryeti
Detty Pig
It's not over until the government can balance its books without sending the economy into another tailspin.
Do you believe the recession is over?
- Thread starter soulman
- Start date
nightbreed
Im Bored
technically may be but it has all been based on pumping money in thus racking up billions of debt .. which is now having to be cut back .. they are talking about massive cuts so a MASSIVE reduction in spending and so we face years of economic depression
Balbi
Hey, Dean Yager!
Yeah, the 'recession' as three periods of negative growth might finish but the amount of £££ that's been poured into ensuring we have +0.15% growth in a quarter means that cuts across the public sector's going to sting like a bitch, put lots more people on the dole queue and roll back the state even further.
It's the clearest indicator that since 1997 we've had Thatch's inheritors. NHS aside, they're going to privatise or cut back elements of government to make up for their ridiculous outlay - which hasn't got us anywhere.
It's the clearest indicator that since 1997 we've had Thatch's inheritors. NHS aside, they're going to privatise or cut back elements of government to make up for their ridiculous outlay - which hasn't got us anywhere.
good to see an honest geezer in amongst all the cunts
_angel_
.
About 2 pages in the Yorkshire Evening Post when it was about 17 pages or more. So until that changes, I'd say no as well.
kyser_soze
Hawking's Angry Eyebrow
I'll believe the recession is over when we've had 2 quarters of positive growth.
Don't expect to see employment start to go up again for another 18-24 months after that - which would be the same pattern as the last 3 recessions...
Don't expect to see employment start to go up again for another 18-24 months after that - which would be the same pattern as the last 3 recessions...
Kid_Eternity
Quis custodiet ipsos custodes?
Going by my experience of running a charity and how funding streams have opened up recently yeah. I admit the time frame may be a bit optmistic...
ViolentPanda
Hardly getting over it.
TBF I can't see the effects wearing off that quickly, given that the after-shocks on employment lasted a good five years after the last biggun in the 70s, even if you ignore the extra job losses due to early Thatcherism.
Balbi
Hey, Dean Yager!
What'll happen is a small % of growth in a coming quarter, the announcement that we're officially out of the recessions - a massive rise in unemployment as whoever is in government cuts the fuck out/sells off the arms of the state which'll reduce growth again at a time when sold off infrastructure is left to degenerate as the private owners seek to regain their capital investment by raising prices on the service.
Fucking awesome, i've always wanted to live in the 1970's - it'll be like Life on Mars.
*buys Capri*
SpookyFrank
Don't swallow the cap
What'll happen is a small % of growth in a coming quarter, the announcement that we're officially out of the recessions - a massive rise in unemployment as whoever is in government cuts the fuck out/sells off the arms of the state which'll reduce growth again at a time when sold off infrastructure is left to degenerate as the private owners seek to regain their capital investment by raising prices on the service.
Fucking awesome, i've always wanted to live in the 1970's - it'll be like Life on Mars.
*buys Capri*
This sounds about right. We're in for at least half a decade of misery IMO. If and when the country drags itself back towards prosperity it will be with a permanently crippled public sector and an enfeebled welfare state.
butchersapron
Bring back hanging
If it's not at the end of a rope it doesn't count.
From a lamp post on Upper Parliament Street.
That's how I feel about it. I think there's a lot of shit to come and it's going to rest on the shoulders of our young people.
SpookyFrank
Don't swallow the cap
According to the Telegraph it's the middle classes who have suffered most in this recession. I have to say I sympathise, it's dreadful seeing the interest rate on your savings account dip by half a percent whilst hundreds of thousands of people lose their jobs or their homes or just generally have their lives smashed into little bits and handed back to them in a bin liner to make up for the prosperity they never had in the first place. No new audi until next year eh? Better just to shoot yourself and have done with it than face such humiliating iniquity IMO.
Where's this rant going again? Oh yeah, if the media want to belittle and scapegoat the poor then they will. They've never worried about logic or fairness before, why should they start now?
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