- This topic has 163 replies, 55 voices, and was last updated 13 years ago by ernie_lynch.
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So the double dip starts here…..
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grummFree Member
(have we done this already?)
Well done Tories (and all the chumps that voted for them)!
LionheartFree MemberHad not noticed the first dip going. It just seems like we are looking into a deeper hole, hope we don’t go in it.
TandemJeremyFree MemberLionhert – the numbers for growth don’t lie. We came out of recession under labour – we appear to be heading back into it under the tories. Teh much predicted double dip from too savage cuts to quickly contracting the economy.
thepuristFull MemberIt never un-dipped for me, hence one more small business in the bin and one more mature student back at uni.
kimbersFull Memberits quite impressive how osborne and cameron have kept their faces out of the news lately and letting cable and clegg absorb all the muck
not sure if the lib dems arent being well and truly rogered by the coalition
speaker2animalsFull MemberSurely it started the minute that the new Government came in to power. Simply a matter of the lag between action (cutting everything) and reaction (loads more people added to the unemployed roster, everyone terrified of spending money. If they have any).
jon1973Free MemberDouble dipping is simply social death at parties, you wouldn’t catch me doing it.
coffeekingFree MemberThe number of economists on here is amazing, considering it’s come as a suprise to them [the real ones] it would suggest that the original plans were fine. As per that document, taking the cold weather snap out would have seen “flattish” activity, which is pretty much as you’d expect at this point.
Economies can’t grow endlessly, unless you want to build everything on an unstable platform of false wealth and lending. Oh wait, that’s what everyone wants…
TandemJeremyFree Membercoffeeking – it has not come as a surprise at all. Reputable economist were predicting it. The only surprise is that anyone is surprised.
TheSouthernYetiFree MemberIt’s just the weather sillies. When it’s sunny and thousands of public sector workers are filling all their new found leisure time with leisure activities we’ll be fine again.
Clearly none of you are thinking about how much money you’d spend if you were permanently on holiday!
deadlydarcyFree MemberBlaming the weather. 🙄
LOLcarpetz.
“the wrong kind of leaves…” anyone?
TurnerGuyFree Membernothing to do with quantitative easing then?
nothing to do with an previously overspending government then?
good job we still have our gold reserves and didn’t sell them off at the bottom of the market…
I could live a pretty good life if I let my credit card rack up as well…
TandemJeremyFree MemberQuantative easing as done under labour and as still being done in many economies pulled us back out of recession – we are not in a double dip yet – but these results make it look much more likely. Cutting spending, talking down the economy and destroying consumer and business confidence reduces growth.
deadlydarcyFree MemberUmm…the recession is not the fault of an overspending government. Rupert would be delighted to hear you saying that though.
grummFree Membernothing to do with an previously overspending government then?
How would overspending cause a recession?
The number of economists on here is amazing, considering it’s come as a suprise to them [the real ones] it would suggest that the original plans were fine. As per that document, taking the cold weather snap out would have seen “flattish” activity, which is pretty much as you’d expect at this point.
Um lots of economists were predicting that such drastic cuts as the government is carrying out would greatly increase the risk of a double dip. Looks like they were right.
Economies can’t grow endlessly, unless you want to build everything on an unstable platform of false wealth and lending. Oh wait, that’s what everyone wants…
Although the economy was growing again, until very recently. I’m no great fan of the capitalist mantra of never-ending growth but what are you suggesting as an alternative?
TheSouthernYetiFree MemberOk, so maybe economists hadn’t predicted that this was going to happen and certainly couldn’t have forecast the impact of the weather, but…
Even if they were still predicting modest growth. Should George continue with his ideologically driven austerity measures or should he revise them in light of this new evidence?I’d suggest that you wouldn’t be at the helm of a company for very long if you didn’t see your last quarter results as being particularly important.
HazeFull MemberSo, good or bad time switch jobs?!
From 1st tier manufacturing to a construction based small business largely unaffected during the last ‘dip’…
jonbFree MemberWe’re not in recession, we’ve only had one month of negative growth. We’ve got to have another before we’re truly in recession.
Incidently while I don’t think the coalition have covered themselves in glory I’m fairly certain any of the potential parties would have faired equally as badly. I think it’s an extremely hard situation to deal with with many external factors beyond control and prediction.
PeterPoddyFree MemberWe came out of recession under labour
And into it in the first palce….thanks to the muppets that voted for THEM!
clubberFree MemberThere’ll be some people on here for whom nothing would make them happier than if we double-dip.
Reputable economist were predicting it
Indeed. Many reputable economists were also saying it wouldn’t happen though. I guess we’ll get a better idea in the next few weeks.
TurnerGuyFree MemberBecause historically countries that QE suffer inflation and all the rest of the ills that come with it, such as a poor exchange rate.
We wouldn’t need so many cuts if the previous government hadn’t built up such a large infrastructure (as labour governments always do) and put us in so much debt that 1 in every 5 tax pounds is going towards paying interest on that debt.
nickfFree MemberWe’re not in recession, we’ve only had one month of negative growth. We’ve got to have another before we’re truly in recession.
For month read quarter.
The number of economists on here is amazing, considering it’s come as a surprise to them [the real ones]
As a real economist (with a real degree in real economics and real econometrics), I was not even slightly taken by surprise. The next quarter, I fear, will show little improvement, if any.
Stagflation, anyone?
molgripsFree MemberHmm, perhaps all the worry over cuts and joblessness is what cause people not to spend…?
But yes, extremely difficult situation to be in. And we just voted in a bunch of noobs 🙄
And into it in the first palce….thanks to the muppets that voted for THEM!
Hang on. The recession was caused by Labour then? Not a world wide economic crisis that’d been brewing for 20 years? Wow.
Captain_CrashFree MemberHow would overspending cause a recession?
Well, that just about sums up the Pro left, tory haters here.
TJ, Grumm, you haven’t a clue 🙄
as demonstrated here:
[Um lots of economists were predicting that such drastic cuts as the government is carrying out would greatly increase the risk of a double dip. Looks like they were right.Yeap, thats right, cos of course, you’d never be able to find an economist who would say what you wanted to here, and they never ever disagree with each other.
Bet you can’t find an economist who said we wouldn’t DD…
Tsk, numpties 🙄Just more insults from the Pro leftis here who think they can fool everyone here into thinking Labour are the best thing since sliced bread.
TJ and Grumm in “we hate the Tories” and heres why you should too, SHOCKER !!
NeptuneFree MemberDon’t we need 3 consecutive quarters of negative growth for it to be called formally a recession? So this is a bit premptive doom mongering then!
horaFree MemberWell done Tories (and all the chumps that voted for them)!
When a house is trashed, someones got to pay for it to be cleaned up.
binnersFull MemberChrist almighty! Listen to you lot bleating and whining. Its just me! Me! Me! isn’t it with you selfish bastards?!
Will somebody think of the bankers FFS!!! The one’s who’ve really suffered over the last few years.
They’ve got to make do with a paltry £7 billion bonus pool, regardless of whether its technically a double dip or not
grummFree MemberAnd into it in the first palce….thanks to the muppets that voted for THEM!
Oh hang on, Labour caused a worldwide recession? All those people in Ireland must be very cross with Gordon Brown then, seeing as it’s all his fault. 😕
We wouldn’t need so many cuts………
We don’t need so many cuts. We’ll never pay the debt back if the economy slides back into recession caused by ideologically driven, excessively drastic cuts. (A position I seem to remember a Nobel prize winning economist coming out with a little while ago).
Just more insults from the Pro leftis here who think they can fool everyone here into thinking Labour are the best thing since sliced bread.
I’m not a fan of Labour – they are just marginally less reprehensible than the current incumbents.
horaFree MemberSomeone think of Brown and Blair.
Gold-plated pensions and income for life.
Thanks guys. No matter what nothing will wash the blood from your hands.
TandemJeremyFree MemberNeptune – Member
Don’t we need 3 consecutive quarters of negative growth for it to be called formally a recession? So this is a bit premptive doom mongering then!
Yup – its an indication that thats the way we are heading – thats all it is.
nickfFree MemberJust more insults from the Pro leftis here who think they can fool everyone here into thinking Labour are the best thing since sliced bread.
(a) what’s a leftis?
(b) I really don’t like sliced bread
(c) Lots of economists (yes, I know we all vary in our opinions), even the more right-wing ones have serious doubts over the current government’s policies. Not just the ‘leftis’.
CaptJonFree MemberTandemJeremy – Member
Lionhert – the numbers for growth don’t lie.Yes they do, frequently. This newest set especially.
Captain_CrashFree MemberHang on. The recession was caused by Labour then? Not a world wide economic crisis that’d been brewing for 20 years? Wow.
No. Labour, The Tony and Gordon show should have been preparing us for what was building up, boom to a bust.
But what did Gordon do ?, he borrowed MORE !, to win votes and give more money away.
Theres a saying, Gordon may well have like to listen to:
In times of peace, prepare for war !.
Gordon didn’t and so when the world caught cold, we got dragged down with it.
Of course, Grumm would have Labour in power still, and all those things Ed is saying Labour got wrong, well, he wouldn’t be saying that and it would be “carry on”.
You conveniently forget that the markets were circling the UK, waiting to see if they could give us the Greece, or Ireland treatment.
Which is what would have happened if borrow and spend Labour had, some how, stayed in power.Thank goodness they are gone for now, and long may they stay in opposition.
They couldn’t control their spending in the 70s, and they got it wrong again since 1997.
But of course, the Tory haters will all forget this and woffle on anyway.
Carry on Labour loving loonies.
🙄TandemJeremyFree MemberCaptain Crash – so please tell us how the overspending Labour government caused a banking collapse that started in the sup prime market in the US?
Of course economics is an inexact science but both Grumm and I posted in reply to
coffeeking – Member
The number of economists on here is amazing, considering it’s come as a suprise to them [the real ones] it would suggest that the original plans were fine.
Its clear that actually many economists did predict that these savage, ideologically driven and uneeded cuts would put us into recession – indeed this is the lesson from history – cuttin at this point of the economic cycle leads to recwession – see 1930s, 1980s for evidence. See why other countries are still putting money into their economies now – including that bastion of socialism the USA
PeterPoddyFree MemberOh hang on, Labour caused a worldwide recession?
Maybe not, but you seem to think the Tories are for some odd reason….
And Labour always do spend money they haven’t got like water. That’s all they know.
horaFree MemberTJ. Chomp.
As far back as 2001 the Government was warned that house prices/lenders werent sustainable.
Going back just a few years the amount a typical first time borrower needed to get a foot on the ladder was approaching 5xsalary.
People blame the banks for lending to people (credit cards etc).
Banks can’t be held accountable for Adults and how an adult should behave. On a credit form should you write ‘do you have a clue what income versus expenditure means’?
Or
‘Do you have a means to pay this back’?
I know two friends who along with others panicked and jumped onto a property that still accounts for the majority of their combined income as they thought ‘buy the best now as the market is only going to keep climbing’.
The Government rode the credit-economy with (pun) a house built on sand.
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