World Heading for Severe Recession?..
23 January 2008, 08:19 PM
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World Heading for Severe Recession?..
BBC NEWS | Business | Warning about US economic slump
Looks like the asset bubbles really are deflating big-time! Massive drops in share prices, and in the US in the housing market too. UK housing market appears to be following the same path as the US so - 10% year-on-year drops before the end of 2008 is surely a very realistic possibility.
People who've ridden the massive asset bubbles to the top, and sold and put their proceeds into cash/gold are going to make a KILLING in the next few years!!!
"severe recession" that could last for a whole 12 months.
Instead of tackling asset bubbles like inflated housing and stock markets head-on, they waited until the bubble had burst and then cleaned up afterwards.
People who've ridden the massive asset bubbles to the top, and sold and put their proceeds into cash/gold are going to make a KILLING in the next few years!!!
23 January 2008, 08:24 PM
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Aren't all the other threads you have started/been talking in sufficient to cover this? Do we really need yet another thread on the same topic with the same opinions from the same people?
23 January 2008, 08:25 PM
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BBC NEWS | Business | Warning about US economic slump
so - 10% year-on-year drops before the end of 2008 is surely a very realistic possibility.
so - 10% year-on-year drops before the end of 2008 is surely a very realistic possibility.
23 January 2008, 08:28 PM
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23 January 2008, 10:09 PM
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Hmm,
A severe recession would be longer than 12 months surely?
10% year-on-year drops before the end of 2008 is surely a very realistic possibility.
so thats a 10% drop for 2008? or is it a mispelling and supposed to be month on month or even day on day i am a little confused or should the 2008 be 2009 and 2010 and so on but if we are only having a 12 month recession things would pick up after 12 months and start to look back to normal.
maybe I think too much but it don't make sense to me...I would however agree a correction is currently going on and something needs to be done to stabalise things but I find it hard to believe that it is going to be 'that' bad.
A severe recession would be longer than 12 months surely?
10% year-on-year drops before the end of 2008 is surely a very realistic possibility.
so thats a 10% drop for 2008? or is it a mispelling and supposed to be month on month or even day on day i am a little confused or should the 2008 be 2009 and 2010 and so on but if we are only having a 12 month recession things would pick up after 12 months and start to look back to normal.
maybe I think too much but it don't make sense to me...I would however agree a correction is currently going on and something needs to be done to stabalise things but I find it hard to believe that it is going to be 'that' bad.
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24 January 2008, 07:08 PM
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Hey hes trying to make up for all those other doom threads that turned out to be flat wrong - BTW FTSE is up 266 today (+40bn added to wealth of the market - wheres that headline?) Even a stopped clock beats Pete!
24 January 2008, 09:49 PM
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24 January 2008, 11:02 PM
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I'm amused by the fact that I seem to have received an infraction for this post!! 
This system really doesn't do much for Scoobynets credibility!
This system really doesn't do much for Scoobynets credibility!
24 January 2008, 11:05 PM
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