Double Dip??

[ratty]

Are we about to double dip? Me thinks Gideon (lets not forget the real name) Osborne's lunacy will see us in another recession by next April.... thoughts?

[HAL9000]

I think it's on the cards - but the seeds were sown many years ago. I doubt if any economic policy could alter the course of a global, Kondratieff-scale downturn, in my view.

I hope I'm wrong.

[louisiana]

'Dip' may turn out to be an understatement. Such an inoffensive word, suggesting something light and temporary.

[Loz]

Osbourne's action will have nowt to do with it - good, bad or otherwise. Just as in the last 'dip' it will be where the world's economy takes us. Brown's budgetting left us with the big deficit, but you can't exactly pin a world-wide recession on him.

The only way is to do what Australia did - get as close to China as possible, economically. And that was accidental, rather than planned.

[Jah Lush]

We're fukced whatever you look at it.

[HAL9000]

Spot Gold has just hit US$1,364.55 per Troy ounce - an all time high. That's got to be telling us something bad is coming our way on the inflation, interest rate and foreign exchange fronts.

[mockney piers]

"The only way is to do what Australia did - get as close to China as possible"

That won't look nearly so sensible when China blunders into its own difficulties a la Japan and Korea before it.

[silverfox]

HAL9000 Wrote:

-------------------------------------------------------

> Spot Gold has just hit US$1,364.55 per Troy ounce

> - an all time high. That's got to be telling us

> something bad is coming our way on the inflation,

> interest rate and foreign exchange fronts.

Good news for those companies that get you to sell them your gold for a pittance though.

[HAL9000]

If it's any consolation, my quoting an all time high or low in a forum post seems to be the kiss-of-death. The price usually takes a hike in the opposite direction quick sharp.

[JohnL]

Ireland's already in it. Another property crash .. and yes I think we might.

But ... I remember the 80's and 90's and how bust to boom can be so quick (you think things will never improve, and suddenly bankers are burning money, in pubs, for a laugh).

Lets see what (public services) ollie hammers, as well as the parents, who he enjoyed having a go at so much, he's coming back for more.

[Brendan]

It?s a lovely day today. Doesn?t anyone else think it?s a lovely day today?

[Loz]

Bah humbug, Bren.

[waynetta]

Isn't a double dip a pickpocketing technique?

[Brendan]

I thought it had something to do with ice cream.

[mockney piers]

I thought it was an LSD reference....again....

[Brendan]

Oh yeah, double dipped. I remember that now.

[HAL9000]

I'm surprised neither of the terrible twins has made this the subject of a 'Top Tips' post yet.

FOOL people into thinking the recovery is underway by burning money in pubs and laughing like a banker with a huge bonus.

[Brendan]

Fool yourself into thinking the recovery is underwear by taking a daily cap of acid.

[Ridgley]

As David Cameron keeps, on saying we are all in it together but are we?

[HAL9000]

Humans have an indefatigable capacity to believe their leaders - it's a wonder we ever survived the evolution of language.

[Brendan]

He?s good at relating to the public. It?s almost like there?s a career where you specialise in relating to the public and he?s been involved in it.

[HAL9000]

Wouldn't that be Public Relations?

[waynetta]

UNEMPLOYED? Annoy your neighbour by sprinkling nettle and other weed seeds into his flower beds while he's at work.

[Brendan]

That?s illegal. The parkie told us so and threatened to call the cops.

[drew]

"Posted by: Loz Today, 11:43AM

The only way is to do what Australia did - get as close to China as possible, economically. And that was accidental, rather than planned."

Australia's situaton is different. The country is geographically close to China, and is a large exporter of the commodities that China needs. Britain cant all of a sudden shift east or exporting large quantities of Iron Ore.

Its like Sydney can never be London. London is an English speaking country in the right time zone to trade the financial markets in Europe, the US and far East. London will be back: you cant kill the City.

The press are doing a good job of talking us into a double dip.