The Tories are going to give us the biggest recession ever seen!

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Bill_Gates
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#1
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#1
The Tories are going to give us the biggest recession ever seen!

Endless amounts of QE and government policies which have put billions into speculative assets will burst. 2008 will seem like a dream. UK can not print itself to prosperity.

All the statistics show we're heading for a mammoth recession
- Enormous spare capacity (many are still unemployed)
- Declines in supermarket share prices due to dwindling sales (people are switching to NON branded products, never seen before)
- Assets overblown - property prices rising as fast as 2008 even though wages are steadily declining alongside equities
- Rise of automation will drive down further any chance of a rebound
- Sub prime mortgages creeping back, enormous consumer debt globally
- Corporations sitting on billions of cash not investing same for the elderly

i could go on for days.

Good luck!
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interact
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#2
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#2
(Original post by Bill_Gates)
The Tories are going to give us the biggest recession ever seen!

Endless amounts of QE and government policies which have put billions into speculative assets will burst. 2008 will seem like a dream. UK can not print itself to prosperity.

All the statistics show we're heading for a mammoth recession
- Enormous spare capacity (many are still unemployed)
- Declines in supermarket share prices due to dwindling sales (people are switching to NON branded products, never seen before)
- Assets overblown - property prices rising as fast as 2008 even though wages are steadily declining alongside equities
- Rise of automation will drive down further any chance of a rebound
- Sub prime mortgages creeping back, enormous consumer debt globally
- Corporations sitting on billions of cash not investing same for the elderly

i could go on for days.

Good luck!
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This is definitely you lol
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drowzee
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#3
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#3
(Original post by Bill_Gates)
The Tories are going to give us the biggest recession ever seen!

Endless amounts of QE and government policies which have put billions into speculative assets will burst. 2008 will seem like a dream. UK can not print itself to prosperity.

All the statistics show we're heading for a mammoth recession
- Enormous spare capacity (many are still unemployed)
- Declines in supermarket share prices due to dwindling sales (people are switching to NON branded products, never seen before)
- Assets overblown - property prices rising as fast as 2008 even though wages are steadily declining alongside equities
- Rise of automation will drive down further any chance of a rebound
- Sub prime mortgages creeping back, enormous consumer debt globally
- Corporations sitting on billions of cash not investing same for the elderly

i could go on for days.

Good luck!
I thought you were a Tory supporter? :confused:
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Bill_Gates
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#4
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#4
(Original post by drowzee)
I thought you were a Tory supporter? :confused:
Jeremy all the way love.

Bail out main street not wall street!!
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Rakas21
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#5
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#5
(Original post by Bill_Gates)
The Tories are going to give us the biggest recession ever seen!

Endless amounts of QE and government policies which have put billions into speculative assets will burst. 2008 will seem like a dream. UK can not print itself to prosperity.

All the statistics show we're heading for a mammoth recession
- Enormous spare capacity (many are still unemployed)
- Declines in supermarket share prices due to dwindling sales (people are switching to NON branded products, never seen before)
- Assets overblown - property prices rising as fast as 2008 even though wages are steadily declining alongside equities
- Rise of automation will drive down further any chance of a rebound
- Sub prime mortgages creeping back, enormous consumer debt globally
- Corporations sitting on billions of cash not investing same for the elderly

i could go on for days.

Good luck!
QE will simply go away when the GILT's mature. It was largely buying our own debt.

Spare capacity does not indicate recession, just relatively mediocre growth.

Only an indicator of recession if the supermarket sector as a whole is shrinking, it's not.

Real wages actually grew in 2014 and will in 2015. I do agree that the credit supply for mortgage lending is too high (and being inflated by unfunded liabilities from government). Since the BOE tightened lending rules however prices have since slowed (around 3% now).

An irrelevant point since your suggesting a recession now rather than after a period of greater automation.

I agree.

I agree.

..

Not expecting 4%+ growth or anything but i don't think we're headed to recession right now.
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Bill_Gates
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#6
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#6
(Original post by Rakas21)
QE will simply go away when the GILT's mature. It was largely buying our own debt.

Spare capacity does not indicate recession, just relatively mediocre growth.

Only an indicator of recession if the supermarket sector as a whole is shrinking, it's not.

Real wages actually grew in 2014 and will in 2015. I do agree that the credit supply for mortgage lending is too high (and being inflated by unfunded liabilities from government). Since the BOE tightened lending rules however prices have since slowed (around 3% now).

An irrelevant point since your suggesting a recession now rather than after a period of greater automation.

I agree.

I agree.

..

Not expecting 4%+ growth or anything but i don't think we're headed to recession right now.
it's going to be a depression!
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Rakas21
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#7
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#7
(Original post by Bill_Gates)
it's going to be a depression!
Depends on how willing the political class is to learn their lesson when recession comes. This time they've chased higher growth at the expense of growing another housing bubble, they've not addressed low wage growth and they've not addressed our trade deficit.
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Bill_Gates
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#8
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#8
(Original post by Rakas21)
Depends on how willing the political class is to learn their lesson when recession comes. This time they've chased higher growth at the expense of growing another housing bubble, they've not addressed low wage growth and they've not addressed our trade deficit.
those 3 points are more than enough for a country like the UK to face a very long recession.
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Rakas21
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#9
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#9
(Original post by Bill_Gates)
those 3 points are more than enough for a country like the UK to face a very long recession.
As i say, it depends whether the political class attempts to tackle such issues and preferably quickly.
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Bill_Gates
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#10
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#10
(Original post by Rakas21)
As i say, it depends whether the political class attempts to tackle such issues and preferably quickly.
they won't, they will simply inflate it further.

It's over. Start prepping food.
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pinkteddyx64
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#11
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#11
Show me the way to a country without a recession.

Every night I've been huggin' my pillow.

Dreaming dreams of living in a country without a recession. And sweet Marie who waits for me.

Show me the way to a country without a recession. I've been weeping like a willow.

Sha la la lala lalala Sha la la lala lalala Sha la la lala lalala.
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Bill_Gates
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#12
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#12
(Original post by pinkteddyx64)
Show me the way to a country without a recession.

Every night I've been huggin' my pillow.

Dreaming dreams of living in a country without a recession. And sweet Marie who waits for me.

Show me the way to a country without a recession. I've been weeping like a willow.

Sha la la lala lalala Sha la la lala lalala Sha la la lala lalala.
LOL
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paul514
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#13
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#13
Lol such pessimism. The economy is likely to go on like it is currently for years. No recession but no large growth either not because of ourselves but other markets around the world I.e euro and yuan


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Bill_Gates
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#14
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#14
(Original post by paul514)
Lol such pessimism. The economy is likely to go on like it is currently for years. No recession but no large growth either not because of ourselves but other markets around the world I.e euro and yuan


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Here is your average joe.

We need more people like this.
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Swanbow
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#15
My prediction is that growth will remain steady, for the time being.

Then the next recession will come along for whatever reason, the Tories still won't have tackled the budget deficit and we'll be unable to enact any meaningful stimulus programme. They'll take this as a shot to sell off NHS assets, and reduce our welfare state to a pittance. They might even have to shoot the golden goose and cut pensions.
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Bill_Gates
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#16
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#16
(Original post by Swanbow)
My prediction is that growth will remain steady, for the time being.

Then the next recession will come along for whatever reason, the Tories still won't have tackled the budget deficit and we'll be unable to enact any meaningful stimulus programme. They'll take this as a shot to sell off NHS assets, and reduce our welfare state to a pittance. They might even have to shoot the golden goose and cut pensions.
think they'll be more worried about saving the banks.
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Swanbow
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#17
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#17
(Original post by Bill_Gates)
think they'll be more worried about saving the banks.
The banks are arguably in a better position than the Treasury these days. That said any chance Gideon has to give a few extra billion to his mates in the City I'm sure he'll take.

And that is presuming that the recession comes from a financial crash. We might see a slow burner from a failing service sector.
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Bill_Gates
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#18
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#18
(Original post by Swanbow)
The banks are arguably in a better position than the Treasury these days. That said any chance Gideon has to give a few extra billion to his mates in the City I'm sure he'll take.

And that is presuming that the recession comes from a financial crash. We might see a slow burner from a failing service sector.
Banks will never sustain that status quo (they are not all in great shape btw). Banks are there to gamble.
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illegaltobepoor
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#19
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#19
(Original post by Bill_Gates)
The Tories are going to give us the biggest recession ever seen!

Endless amounts of QE and government policies which have put billions into speculative assets will burst. 2008 will seem like a dream. UK can not print itself to prosperity.

All the statistics show we're heading for a mammoth recession
- Enormous spare capacity (many are still unemployed)
- Declines in supermarket share prices due to dwindling sales (people are switching to NON branded products, never seen before)
- Assets overblown - property prices rising as fast as 2008 even though wages are steadily declining alongside equities
- Rise of automation will drive down further any chance of a rebound
- Sub prime mortgages creeping back, enormous consumer debt globally
- Corporations sitting on billions of cash not investing same for the elderly

i could go on for days.

Good luck!
To be honest your analyst is flawed.

Overblown assets are the product of Bank of England QE. Government got nothing to do with that. Its more the fact that the Neo-Liberals allowed it to happen and didn't put up a fight.

Automation, unemployment, declining wages and bargain shopping are indications of stagnation.

The subprime debt encouraged by the Tories is something to worry about I give you that.

To be honest the UK is in a lot better state than Europe and the US but we have our problems. I will tell you the genuine ones.

1. Rising interest rates. Once the world discovers the USA can't be trusted as the management of the reserve currency of the world people will turn their eyes to the allies of the USA. That would be UK, Canada, Australia, etc etc.

They'll start to ask for more returns on their investments to justify the risk.

What does a zombie economy look like? Ours and the USA. We are flat lining yet our economy still works. We are on some real fiscal drugs.

2. The next big risk is revolution from the lower classes. A Arab Spring is possible in the UK. If the Tories keep perusing their austerity economics and socialism for the rich then they are sowing the seeds of envy themselves.

A big part to play in this is the housing crisis. When people cannot afford a place to rent out due to factors of landlord greed or market speculation the workers who are needed to run our economy will be naturally rebellious and it will only take 1 spark to light a huge fire. It will be like a volcano erupting.

3. Due to tax credits being abolished the alternative being the living wage will put huge stress on small businesses and force them out of business all together. This will result in a huge tax loss for the Government and up to 2020 the proceeding party will be dealing with another recession for sure.

I believe these cry baby capitalist (crony capitalist business) business shouldn't exist in the first place and should be more collaborative if workers are to take lower than necessary wages but the time of me me me is gone. If business owners want to become rich they should respect the labors of the workers.

4.The last thing which will bring a recession is another war and the hounds are barking for war with Syria. They want the war machine up and running. The bomb makers need their profits and all our Crony Capitalist politicians are going to line up and support the destruction.

Cameron will do as hes told. As much as he sold himself like a hooker to whoever would pay the highest for a dinner party with him he will do the same as he has always done. Cameron likes corrupt money. The more dirty the money is the more he will go for it. Don't just take my word for it google CAMERON, PEERAGE, BRIBES, DINNER PARTIES.

http://www.telegraph.co.uk/news/poli...-revealed.html
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paul514
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#20
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#20
Bank reforms have done some good as has the time since the crash to put them in a much better position but the reality is we need to separate investment banking from retail banking then the publics money is safe and if a banking crash comes they can go to hell


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