So we are in a recession then
Discussion
I work in electronics, most people I talk to say it fell of a cliff in Febuary
http://www.bbc.co.uk/news/business-17836624
http://www.bbc.co.uk/news/business-17836624
Clearly a lot of people with vested interests are going to make a lot of noise about this, but it's not really unexpected. Whether you grow by 0.2% or contract by 0.2% isn't going to make a huge difference.
Clearly a lot of people are still very nervous about spending money, which is understandable, but I think the overall trend is OK. I've seen the first signs of business confidence in the last few months, but we need consumers to start to spend, a falling rate of inflation would help, lets face it, if you have a decent job and you aren't saddled with debt then you are still probably OK, even if the press keep telling you you're not.
The government are between a rock and a hard place, but at least on the economy i think they are largely getting it right. Hopefully some short term pain will give us a long term gain. This is not the time to start thinking about any sort of stimulus, look at how spooked the markets are about the idea of a high taxing, free spending socialist coming to power in France. As a government it doesn't matter how popular they are mid term, it's how the economy is and popular they are in 2 years that's going to count.
Clearly a lot of people are still very nervous about spending money, which is understandable, but I think the overall trend is OK. I've seen the first signs of business confidence in the last few months, but we need consumers to start to spend, a falling rate of inflation would help, lets face it, if you have a decent job and you aren't saddled with debt then you are still probably OK, even if the press keep telling you you're not.
The government are between a rock and a hard place, but at least on the economy i think they are largely getting it right. Hopefully some short term pain will give us a long term gain. This is not the time to start thinking about any sort of stimulus, look at how spooked the markets are about the idea of a high taxing, free spending socialist coming to power in France. As a government it doesn't matter how popular they are mid term, it's how the economy is and popular they are in 2 years that's going to count.
oyster said:
james_tigerwoods said:
Surely this was obvious for all to see - Clearly the fuel sale boom orchestrated by the Government didn't help 
Serious question - what economic indicators made it obvious?However, there is a school of thought that says that the news we see is the news "they" want us to see
I can't see how the extra tourism generated by the Olympics is in any way capable of making up for the massive hole it will knock in other industry due to disruption. All our transport and distribution partners have been warning for some time of effective 'dead zones' whilst the pantomime is in town. I feel very sorry for businesses close to Olympic sites - they will be affected worst.
Inkyfingers said:
Clearly a lot of people with vested interests are going to make a lot of noise about this, but it's not really unexpected. Whether you grow by 0.2% or contract by 0.2% isn't going to make a huge difference.
I'm no economist, but it's fairly obvious to me that although this is technically a double-dip recession, we are now seeing stagnation rather than a real recession.As you say, Labour will have a field day with this - despite the fact that if they were in charge they'd just be storing up even bigger problems for later...
Digga said:
I can't see how the extra tourism generated by the Olympics is in any way capable of making up for the massive hole it will knock in other industry due to disruption. All our transport and distribution partners have been warning for some time of effective 'dead zones' whilst the pantomime is in town. I feel very sorry for businesses close to Olympic sites - they will be affected worst.
We're getting mixed messages from schemes on Olympic routes - some of our suppliers are suggesting that they won't be disrupted whatsoever and others are just adjusting their working day to fit around the games.I suppose we'll find out in 3 months time.
Inkyfingers said:
Clearly a lot of people with vested interests are going to make a lot of noise about this, but it's not really unexpected. Whether you grow by 0.2% or contract by 0.2% isn't going to make a huge difference.
Clearly a lot of people are still very nervous about spending money, which is understandable, but I think the overall trend is OK. I've seen the first signs of business confidence in the last few months, but we need consumers to start to spend, a falling rate of inflation would help, lets face it, if you have a decent job and you aren't saddled with debt then you are still probably OK, even if the press keep telling you you're not.
The government are between a rock and a hard place, but at least on the economy i think they are largely getting it right. Hopefully some short term pain will give us a long term gain. This is not the time to start thinking about any sort of stimulus, look at how spooked the markets are about the idea of a high taxing, free spending socialist coming to power in France. As a government it doesn't matter how popular they are mid term, it's how the economy is and popular they are in 2 years that's going to count.
You say we need consumers to spend, that's what got us in this mess though, consumers spending money they didn't have on things they didn't need.Clearly a lot of people are still very nervous about spending money, which is understandable, but I think the overall trend is OK. I've seen the first signs of business confidence in the last few months, but we need consumers to start to spend, a falling rate of inflation would help, lets face it, if you have a decent job and you aren't saddled with debt then you are still probably OK, even if the press keep telling you you're not.
The government are between a rock and a hard place, but at least on the economy i think they are largely getting it right. Hopefully some short term pain will give us a long term gain. This is not the time to start thinking about any sort of stimulus, look at how spooked the markets are about the idea of a high taxing, free spending socialist coming to power in France. As a government it doesn't matter how popular they are mid term, it's how the economy is and popular they are in 2 years that's going to count.
There are very few things people need, compared to what they'd like.
My only debt is a 60k mortgage but there's no way i'd buy a new car or spend money on things i don't need as if a few months down the line i'm laid off i'd find that money useful.
sleep envy said:
Digga said:
I can't see how the extra tourism generated by the Olympics is in any way capable of making up for the massive hole it will knock in other industry due to disruption. All our transport and distribution partners have been warning for some time of effective 'dead zones' whilst the pantomime is in town. I feel very sorry for businesses close to Olympic sites - they will be affected worst.
We're getting mixed messages from schemes on Olympic routes - some of our suppliers are suggesting that they won't be disrupted whatsoever and others are just adjusting their working day to fit around the games.I suppose we'll find out in 3 months time.
Bit late now
egor110 said:
Inkyfingers said:
Clearly a lot of people with vested interests are going to make a lot of noise about this, but it's not really unexpected. Whether you grow by 0.2% or contract by 0.2% isn't going to make a huge difference.
Clearly a lot of people are still very nervous about spending money, which is understandable, but I think the overall trend is OK. I've seen the first signs of business confidence in the last few months, but we need consumers to start to spend, a falling rate of inflation would help, lets face it, if you have a decent job and you aren't saddled with debt then you are still probably OK, even if the press keep telling you you're not.
The government are between a rock and a hard place, but at least on the economy i think they are largely getting it right. Hopefully some short term pain will give us a long term gain. This is not the time to start thinking about any sort of stimulus, look at how spooked the markets are about the idea of a high taxing, free spending socialist coming to power in France. As a government it doesn't matter how popular they are mid term, it's how the economy is and popular they are in 2 years that's going to count.
You say we need consumers to spend, that's what got us in this mess though, consumers spending money they didn't have on things they didn't need.Clearly a lot of people are still very nervous about spending money, which is understandable, but I think the overall trend is OK. I've seen the first signs of business confidence in the last few months, but we need consumers to start to spend, a falling rate of inflation would help, lets face it, if you have a decent job and you aren't saddled with debt then you are still probably OK, even if the press keep telling you you're not.
The government are between a rock and a hard place, but at least on the economy i think they are largely getting it right. Hopefully some short term pain will give us a long term gain. This is not the time to start thinking about any sort of stimulus, look at how spooked the markets are about the idea of a high taxing, free spending socialist coming to power in France. As a government it doesn't matter how popular they are mid term, it's how the economy is and popular they are in 2 years that's going to count.
There are very few things people need, compared to what they'd like.
My only debt is a 60k mortgage but there's no way i'd buy a new car or spend money on things i don't need as if a few months down the line i'm laid off i'd find that money useful.
oyster said:
Serious question - what economic indicators made it obvious?
You seem to know very little on this subject ,this may help you .http://economics.about.com/cs/businesscycles/a/eco...
sleep envy said:
Digga said:
I can't see how the extra tourism generated by the Olympics is in any way capable of making up for the massive hole it will knock in other industry due to disruption. All our transport and distribution partners have been warning for some time of effective 'dead zones' whilst the pantomime is in town. I feel very sorry for businesses close to Olympic sites - they will be affected worst.
We're getting mixed messages from schemes on Olympic routes - some of our suppliers are suggesting that they won't be disrupted whatsoever and others are just adjusting their working day to fit around the games.I suppose we'll find out in 3 months time.
Reason being that no-one could get near the place. Due to err... the roads being closed.
Retail is a struggle. March was my best month since last July, and April has been even better. But they don't make up for the last seven months of truly dire figures. The last four years have been rough, a few ups as well as downs, but I'm between a third and a half down on pre-crash figures (commission). I've had enough, I'm out of it, on a personal financial level it's unsustainable, and will continue to be so for quite a while.
Mobile Chicane said:
sleep envy said:
Digga said:
I can't see how the extra tourism generated by the Olympics is in any way capable of making up for the massive hole it will knock in other industry due to disruption. All our transport and distribution partners have been warning for some time of effective 'dead zones' whilst the pantomime is in town. I feel very sorry for businesses close to Olympic sites - they will be affected worst.
We're getting mixed messages from schemes on Olympic routes - some of our suppliers are suggesting that they won't be disrupted whatsoever and others are just adjusting their working day to fit around the games.I suppose we'll find out in 3 months time.
Reason being that no-one could get near the place. Due to err... the roads being closed.
If only the same could be said for the Manx GP...
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