alcazar

iTrader: (2)

Just after a bit of advice really, since one of mine MIGHT be changing his job, but in the event of the d/d, his NEW job would be shaky

stevebt

iTrader: (8)

I don't think there will be a double dip but its still a bad time for changing jobs as most firms will be cautious as its easier to maintain business on a skeleton crew than having the trouble of getting rid of more people. If his job is reliable I wouldn't consider moving for over a year.

alcazar

iTrader: (2)

The "new" job would be via a contractor for the first year.

Midlife......

iTrader: (2)

more pay? better prospects? promotion?

Sometimes you have to take a chance to get upwards............

Shaun

stevebt

iTrader: (8)

Work at the minute is so hit and miss and everything is on very tight prices that firms are keep trying to squeeze. His contractor may be pushed for more discount and he could end up being a casuallity of this as I have seen it happen a lot over the last few years, also other firms come in with cheaper prices and the contractor looses what he thought was a good years work. Unless his firm can guarantee a long term supply of work which I doubt he can its gonna be a gamble.

Leslie

We wont know until it happens, if it does. Bit of a worry though.

Les

chocolate_o_brian

iTrader: (22)

If you give me' an idea via pm of where abouts on site he would be working then I may be able to ask a few questions for you. I do know significant investment is coming to certain sectors. Sorry to talk in cryptic to those not in the know

Trout

iTrader: (1)

I was with some very senior banking people last week and the view they are taking is no double dip. The underlying signs are positive and their flow of money would indicate it is unlikely.

The big problem at the moment, ironically, is that people and businesses are paying off their debt. This is reducing retail activity but it does mean that banks have money to lend.

alcazar

iTrader: (2)

Will speak more when I know more.

Dingdongler

I was having a chat to Osbourne, Cameron, Cable and a few Captain's of industry over a curry last night and George mentioned he once dated a girl nicknamed 'double dip' if you get my drift?

Sorry to make what seems like nonsensical and cryptic Scoobynet comments as though I know something others don't.

PG

I hope so!

I really liked the orange!

GlesgaKiss

There will be no double dip (was there even a recession in the first place?), things couldn't be better. All we need is for banks to start lending again and get the housing market back into action. Once house prices are rising we can buy and sell them to make money. No one really needs to make or export anything, we'll just use the money the houses create to buy stuff that people in other countries make. That money will in turn let them buy stuff that they make too. It's almost as if we'll be running a charity! We'll be giving them jobs and paper!

wayne9t9

WTF is a d/d ? is it the same as two`s up ?

GC8

Whether its over certainly depends on where youre sat. For merchant bankers this may well be so (and how could you fail to succeed borrowing money from the BoE at .5% and lending it out out at between 8% and 28%?), but for more hands-on businesses times are still extremely difficult. Im surprised by how may companies are closing or massively downsizing, even still.

stevebt

iTrader: (8)

Everyone is downsizing as work is harder to get and employment laws and redundancy payments are getting worse. If your company is on the brink of closing the last thing you need is more people thinking they need to put some sort of claim against you. People prefer the self employed at the momnet as its a no loss situation.

hodgy0_2

lets be really clear here

the state of the economy

the state of the public finances

the general feeling of economic well being

are three very different things

zip106

This. Absolutely +1.

I've just had a rather nice Sunday dinner with some friends down the road.

One runs a very successful used car dealership.
This week he's had to close one of the three branches he runs in order to save £200k pa running costs because people aren't buying.

Another chap there today runs a very successful roofing company - he's had to cut his work force from 45 to 25 because the work for next year is drying up.

The third chap there runs a very, very successful gym equipment company - of which ALL of you who use a gym will have sat upon one of his machines.
He has also had to cut staff for an expected downturn next year. This from a company that has ridden out the last recession, made millions since, but is now seeing the effect of a double dip.

The thing is, all these companies were doing well for the first part of this year.
Until now.

I hate all the talk of recession, double dip, whatever - I think it just paints a negative picture and makes things worse.

But today I've seen and heard it from the people that know.


Hold tight, it may be bumpy.

stevebt

iTrader: (8)

Is it not that people are more cautious now as they are expecting bigger cuts, VAT rise and god knows what else. People are scared to spend and until they do the country is fecked.

ScoobyDriverWannabe

http://www.urbandictionary.com/defin...erm=double+dip

EddScott

I'm tempted to say that its not a certainty that we won't see 2 consecutive periods of negative growth and technically being in another recession.

Inflation is high and will remain high when VAT goes up. Public sector lay offs and perhaps public sector strike action may well spook the population and they may reduce incidental spending. Demand might reduce, housing market will become swamped with houses and not enough "good" for the mortgages.

I just don't think its that easy to say no double dip. Many I've spoken to think we are looking at high inflation and a rising interest rates. Personally I think it will go the other way.

Having said that the amount of "10" and "60" reg cars I've seen would suggest that people are spend spend spending.

chocolate_o_brian

iTrader: (22)

I was referring to the sectors within the company that alcazars son would be working for not the sectors within the UK climate. Not that I have to explain myself to your type ofcourse. I do that out of politeness

Turbo2

I think only pslewis is qualified to answer this one for you.

Send him a PM. I'm sure he's ready and waiting.

Coffin Dodger

Pink, brown, pink, brown, .....

Gear Head

iTrader: (2)

Priceless comment!

Dingdongler

Sorry but that makes no sense, so you have explained nothing. Though I agree you have explained nothing politely

alcazar

iTrader: (2)

Dingdongler: he makes sesnse to me, as I'm involved. You aren't.

There is a reason for the cryptic replies, believe me, a good one

chocolate_o_brian

iTrader: (22)

Ignore 'him'. He has something against me' which you can see from replies to me in certain threads. Smartarse comments as per above are a good example.

Anyway back on topic mate, any developments? Pm me if necessary.

Dingdongler

If it makes sense to you that's all that counts

From what appears on the thread I hope you can appreciate that it is not so clear to others (or me anyway). You asked whether there would be a double dip recession (the title of the thread) I couldn't and can't see how one individual would have some sort of 'inside' information that could answer a question that could have so many possible outcomes.

A certain individual who thinks I am out to get 'him' should take a chill pill, I am not.

alcazar

iTrader: (2)

No, that individual, a nice guy personally known to me, has inside info of another type, not pertaining to the dip, double, or otherwise.

I'll make all clear if owt comes of this.