If UK Government goes into another major recession, what are your plans?

OP

Original post by marco14196

Offer up the liberals as a sacrifice to our overlords

haha as is happening now!

Move

Raise up the drawbridge

Reply 26

The_Internet

Original post by Bill_Gates

If UK Government goes into another major recession, what are your plans?

Let's say a 10 year Japan style recession. The whole property bubble and endless QE goes boom!

Continue to work in IT
Buy up some property "cheaply"
Rent it out
Profit

Reply 27

OP

Original post by The_Internet

Continue to work in IT
Buy up some property "cheaply"
Rent it out
Profit

winning lad!

Reply 28

The_Internet

Original post by somethingbeautiful

When the last one happened I was a new graduate trying to find a job, so it hit me hard. When it happens next I should be in a career so fingers crossed it won't be a huge concern.

The last one was fantastic from a student loans POV ie: it was set at the BoE base rate of that year. 2011 loans meant that we pay back..the money + 0.5% which is generally lower than inflation (though not atm)

Personally, I think we may well be headed for recession when ....oil prices are totally hiked up and I personally reckon that we'll see a housing market crash in London, which will have knock on effects across the south east.

Reply 29

OP

Original post by The_Internet

The last one was fantastic from a student loans POV ie: it was set at the BoE base rate of that year. 2011 loans meant that we pay back..the money + 0.5% which is generally lower than inflation (though not atm)

Personally, I think we may well be headed for recession when ....oil prices are totally hiked up and I personally reckon that we'll see a housing market crash in London, which will have knock on effects across the south east.

good observation, can't wait!

Reply 30

MatureStudent36

5

Original post by Bill_Gates

If UK Government goes into another major recession, what are your plans?

Let's say a 10 year Japan style recession. The whole property bubble and endless QE goes boom!

Carry on as normal. I'll be honest, the biggest impact of the recession was uncertainty.

Reduction in interest relates in 2008/2009 significantly reduced my mortgage repayments giving me more disposable income the over compensated for any lack of pay rise.

I'll be stopping watching the news next time around as I'm sure 24 hour news reporting had an impact on people getting confidence back.

Reply 31

OP

Original post by MatureStudent36

Carry on as normal. I'll be honest, the biggest impact of the recession was uncertainty.

Reduction in interest relates in 2008/2009 significantly reduced my mortgage repayments giving me more disposable income the over compensated for any lack of pay rise.

I'll be stopping watching the news next time around as I'm sure 24 hour news reporting had an impact on people getting confidence back.

Was a great opportunity for me, never made the most of it. But i don't think the next major recession/depression will see any returns in conventional assets.

Reply 32

Alfissti

Original post by Bill_Gates

If UK Government goes into another major recession, what are your plans?

Let's say a 10 year Japan style recession. The whole property bubble and endless QE goes boom!

I would be on the lookout for bargains.

Recessions are always a good time to expand and update business.

When Iceland was going through its height of economic downturn I snapped up 120 acres of land for what was essentially peanuts. Also bought a hotel there which though was cheap to buy it was in need of some major updates. Many including my bankers thought I was bonkers to put money into Iceland, I soldiered on anyway as for the most part I didn't really care if it made money or not, if it didn't then I just would simply view it as a place I wanted to have since I've always had an interest with Iceland and had always felt a certain connection to it. Today, the land holding has expanded to be 270 acres and now no more room to expand, the original hotel was demolished and built a new and bigger place on the site.

While I don't hold the same feel and connection to England as I do for Iceland or Norway, in an event of a recession I'd never completely abandon ship, might however be more cautious and look more aggressively for savings.

Reply 33

Chicken.M.

If I had the money I'd buy a house while they're cheap.

Reply 34

Mamoixen

2

Personally, I dream of recessionary periods. Everything is cheap, and if you're broker allows you too, you can contribute to this reduced demand by shorting :smile:

You can make a lot of lucre.

Reply 35

illegaltobepoor

19

Original post by Mamoixen

Personally, I dream of recessionary periods. Everything is cheap, and if you're broker allows you too, you can contribute to this reduced demand by shorting :smile:

You can make a lot of lucre.

This is what Dick Fuld thinks of you

................... Now process my order or I'll come down to the trading floor and slap ya :tongue:

[video="youtube;GZCmWkQuyPc"]https://www.youtube.com/watch?v=GZCmWkQuyPc[/video]

Reply 36

KingNoosh

1

Cry and look outside of the UK for a job since I don't care where I work as long as I'm having fun.

Reply 37

Andy98