Double Dip or Multi Dip?

[TDIPLC]

Anyone got any thoughts (with reasoning) on the near and medium term economic climate for the UK?

I'm concerned that a double dip is inevitable, but even more so that we'll be bouncing along the bottom for quite a while.

What do you think?

[nonegreen]

We will never get off the bottom till we abandon the climate lies carbon bullst and stop threatening our national security by giving heavy industry to Chindia. Hous prices and shopping at tesco is not economically meaningful.

[Fittster]

Big bubble in asset prices, check.
Huge Government spending in the hope of fixing problem, check.
Bailing Out Banks, check.
Ageing demographics, check.

Japan was here 20 years ago and they are still fked.

[Plotloss]

Inflation and Interest Rates is the offshore tidal wave at the minute. It'll hit land eventually.

[nonegreen]

Fittster said:

Big bubble in asset prices, check.
Huge Government spending in the hope of fixing problem, check.
Bailing Out Banks, check.
Ageing demographics, check.

Japan was here 20 years ago and they are still fked.

Japan has manufacturing we have only nonsense

[Mclovin]

its funny how alot of people think thats its property thats going to save them and preserve their wealth.....i reckon its property that for once property is going to be affordable as we endure a decade of stagflation....

[WhoseGeneration]

Only some questions and their answers might be relevant.
Can the borrowing be bought?
By whom?
At what rate?
For how long?

[gamefreaks]

I'm going for long, protracted, miserable slump.

We're going to be facing a long, hard period of maybe 10 years or so of high taxes and low public spending.

Expect lots of public sector strikes whenever cuts are mentioned, and U-turns to stop the striking. As a result of this the deficit will not get cut significantly.

The high taxes will stifle business and make them leave the UK in dribs and drabs or simply go bust causing higher unemployment, depressed wages and the deficit will not go down because of high benefit payments, causing the value of the GBP to continue to lose value and in turn, Imports will be more expensive.

A further slump in house prices when interest rates rise, as those struggling at low interest rates, lost their job, less well paid, can't afford at higher interest rates.

Generally, a stty time to be had by all.

[Tony*T3]

Sounds like a depression.

[GT03ROB]

Tony*T3 said:

Sounds like a depression.

Well I'm bloody depressed for a start

[richardxjr]

gamefreaks said:

I'm going for long, protracted, miserable slump.

We're going to be facing a long, hard period of maybe 10 years or so of high taxes and low public spending.

Expect lots of public sector strikes whenever cuts are mentioned, and U-turns to stop the striking. As a result of this the deficit will not get cut significantly.

The high taxes will stifle business and make them leave the UK in dribs and drabs or simply go bust causing higher unemployment, depressed wages and the deficit will not go down because of high benefit payments, causing the value of the GBP to continue to lose value and in turn, Imports will be more expensive.

A further slump in house prices when interest rates rise, as those struggling at low interest rates, lost their job, less well paid, can't afford at higher interest rates.

Generally, a stty time to be had by all.

I have to agree. Many, many business that have somehow held on over the last two years will fold. Mine included. I've had enough of the hassle and cost of employing people and trying to survive with the rising cost of imports and all other overheads. We've got tax and interest hikes looming.

I've had enough. I will become a one-man band middleman and will pay as little tax as I can get away with. The storm is coming and I am running for cover.

[Andy Zarse]

gamefreaks said:

I'm going for long, protracted, miserable slump.

We're going to be facing a long, hard period of maybe 10 years or so of high taxes and low public spending.

Expect lots of public sector strikes whenever cuts are mentioned, and U-turns to stop the striking. As a result of this the deficit will not get cut significantly.

The high taxes will stifle business and make them leave the UK in dribs and drabs or simply go bust causing higher unemployment, depressed wages and the deficit will not go down because of high benefit payments, causing the value of the GBP to continue to lose value and in turn, Imports will be more expensive.

A further slump in house prices when interest rates rise, as those struggling at low interest rates, lost their job, less well paid, can't afford at higher interest rates.

Generally, a stty time to be had by all.

You have just decribed (socialist) Spain!