King of Hits.co.uk - Your Views Messageboard

IMPORTANT NOTE:
You do NOT have to register to read, post, listen or contribute. If you simply wish to remain fully anonymous, you can still contribute.

Home

Forums

	Messageboards	Categories Show latest posts

Welcome, Guest
Please Login or Register. Lost Password?

Messageboards

King of Hits

Your Views Messageboard

Post a new message in "Your Views Messageboard"

Name:

Subject:

Boardcode:

Message:
(+) / (-)

Emoticons





More Smilies

Enter code here

Topic History of: Worrying signs the Second Recession is starting
Max. showing the last 5 posts - (Last post first)

Author

Message

The Double Dip

Christmas was bad for retail. Yes the supermarkets saw a few percent rise - but this reflected that much of their competition was wiped out in 2009. They should have seen a 20% rise.

There was a lull in December leading to some weird statistics but now the Second Recession is about to start. Here are reasons why it could be worse than the first :

1. QE : 200 Billion. Result : short term bubble to hide the true recession. Then huge inflation and value of all our money goes down. So our savings are worth less and our spending power is reduced with all the knock ons.

2. Companies have waited the full year of 2009 before taking action on job cuts. The next wave of job cuts is about to start - Cadburys is just the tip of the iceberg.

3. Tax rises and Government Cut. At least 100K people will be out of work by end of 2010 from these cuts. Councils and Government are planning massive cuts.

All these things will lead to many small businesses going under.

The National Debt is also looming.....