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By (user no longer on site)
over a year ago
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Given the complete lack of meaningful payrises for several years across multiple sectors, a stagnant job market and the ever rising cost of living I'd argue that we have been in a recession for sone time |
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"Job cuts, plant closures, head office relocations house prices down by 3% and so on.. are we heading towards another recession? "
The biggest reason we may have the next one is the pensions nightmare . So many people over the past ten years who have retired are barely able to get by because of the poor return on their pension funds . |
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"Given the complete lack of meaningful payrises for several years across multiple sectors, a stagnant job market and the ever rising cost of living I'd argue that we have been in a recession for sone time "
2008..... the age of austerity |
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There was a really interesting thesis written by Fred Harrison, who's a Georgist economic author (as in Henry George, he of Land Value Tax fame) that set out 18 year cycles of recessions, with a 9 year mini-blip in the middle.
He was widely derided when he published in 1997 - even being labelled "the Prophet of Doom" - but seeing as he predicted a massive crash in 2007 (the earliest economist to do so, and most accurate in terms of timing) people suddenly started paying attention to him.
According to that theory, we're overdue the blip, and the big one is coming midway through the next decade... |
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"Don't know where the house prices are dropping?
Around here new developments have pushed existing 4 and 5 bedroom homes up by around £40 - 50K.
It will more Brexit scaremongering. "
I read somewhere its in London where the over priced house/property is dropping/slowing down,
The rest of the UK house/property will probably continue to rise |
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