dels replies
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yes indeed but governments will keep assuring all is OK |
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The wise investor
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yes
and I think it will |
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Barry Bethel
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very much so yes.
Most people are in debt up to their eyeballs.
We are on the verge of a global recession and no matter what tricks the Americans keep trying to pull its only delaying it slightly. |
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HELEN LOOKING4
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Yes. Be careful with any investments. |
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me and you today
 |
yes
unless we all get our spending habits together and in good shape! |
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simplesimon
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(assuming you are talking about the UK)
Why are there so many recession / depression questions around at the moment? The "credit crunch" has been going on for months! In fact, the questions are fine, but it attracts a depressing number of mindless answers based on watching too much GMTV....
First of all - we are not in a recession at the moment! A recession is defined as “A period of general economic decline; specifically, a decline in GDP for two or more consecutive quarters”. You can’t mindlessly ignore this definition just to state we are now in a recession – just because the BBC keeps talking about share prices falling / lack of consumer confidence / liquidity shortages.
Look at this; it charts GDP growth in the UK:
http://www.tradingeconomics.com/Economic...
We haven’t seen one quarter of decline yet! So even IF there is a decline this quarter (which isn’t expected) we won’t be in a recession. People conveniently ignore the fact that a decline in growth – is not the same as a decline in GDP! If, say, in Q1 2006 GDP growth was 20% - due to extraordinary circumstances – the following two quarters would likely grow much slower than that, but that’s not a recession!
Could we be approaching on? That’s difficult to say. Economies are inherently cyclical. We have had a long time of sustained growth, which has to come to an end at some point. America’s economy is in turmoil, which is affecting the international markets, and the UK.
In the near term I think we are likely to see a reduction in growth definitely, but not a recession. You can go here to see that the vast majority of independent commentators expect low GDP growth – but growth nevertheless:
http://www.hm-treasury.gov.uk/media/3/9/...
As this is dated March 2008 I think you can rely on it being reasonably up to date given the economic climate etc.! |
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HairyBoater
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Yep. And I think we're either there already, or arriving shortly. |
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Laissez-Faire Guy
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No. There were many factors that contributed to the last Depression, including idiotic monetary policy.
The central banks learned from that and are doing the opposite. |
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Gareth D
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I doubt it, but a recession is inevitable.Been on this site www.p45now.com
They have a forum talking about this very subject. |
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in2alot
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I think it already has. |
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joliet_jane
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I think it could, if "credit crunch" means credit card debt. |
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Barbarian
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unlikely though a recession is possible |
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?
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I'll give you credit cruch. it's all them snakes in the city. |
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