BBC: Market crisis 'will happen again'

The Mad Rapper · 9 Sep 2009 at 13:51

lambda said:
What they are saying is that after all the economic stimulus has ended, the country will fall back into a recession.

You need to understand that all that is happening now, is the government is temporarily improving the economic conditions, so everything is fine until the elections are held. Its pretty clear, for anyone with a brain.

It will get nasty after the election. None of us have really experienced economic advertsity, but its going to be envitable.

^ This.

I read an article in The Times recently that stated the next crisis would come from unsecured debt. The liability is much smaller as a percentage than that for secured debt but is significant in itself.

The Mad Rapper · 9 Sep 2009 at 13:53

dirtydog said:
How do you know how old we all are and what we have experienced?

Unless you were alive during the Great Recession or at the end of WW2 then you haven't.

Right. At least I have the consolation of being able to spell and punctuate.

There was no need for that.

The Mad Rapper · 9 Sep 2009 at 13:56

dirtydog said:
I personally think the celebrating of rising house prices is perverse and bizarre but it seems to be ingrained into the UK psyche.

I know. I agree 100%

"Yay! Houses are more expensive, let's party!"

It's an utterly retarded point of view and just illustrates how mongingly stupid the majority of the population are.

dirtydog · 9 Sep 2009 at 14:00

The Mad Rapper said:
Unless you were alive during the Great Recession or at the end of WW2 then you haven't.

Sure, but some of us have experienced job losses or home losses etc.

There was no need for that.

True but seasoned OcUK members will know I don't suffer fools gladly

DominicStar · 9 Sep 2009 at 14:00

Personally I thought, as reported, that Greenspan stated financial crisis such as what we have now, rather than the usual recessions we face. What I do find odd is Greenspan now saying he predicted this mess, when a few months ago he was accepting that markets aren't as perfect as he advocated and he had made a mistakes.

dirtydog said:
I personally think the celebrating of rising house prices is perverse and bizarre but it seems to be ingrained into the UK psyche.

Because the most respected thing in the UK is money and the net worth of a person, especially in the south.

dirtydog · 9 Sep 2009 at 14:04

DominicStar said:
Personally I thought, as reported, that Greenspan stated financial crisis such as what we have now, rather than the usual recessions we face. What I do find odd is Greenspan now saying he predicted this mess, when a few months ago he was accepting that markets aren't as perfect as he advocated and he had made a mistakes.

I wouldn't give Greenspan the time of day - he is vastly overrated as an expert on these matters in my opinion. I think events have proven that he isn't so wise and deserving of such adoration.

lambda · 9 Sep 2009 at 14:07

dirtydog said:
How do you know how old we all are and what we have experienced?

Right. At least I have the consolation of being able to spell and punctuate.

I assumed, based on the fact this is an overclocking forum, so most people on here are geeky computer enthusiasts, and would usually fall between the ages of 13-25. The last recession occured in 19 years ago and You cant fully appriciate the affects of one until you reach you late teens. So based on the above, its fair to assume most people on this forum aren't 35+, therefore, most of us havn't experienced a real recession.

Well done pointing out the spelling mistake. I bet you feel like a big man now.

dirtydog · 9 Sep 2009 at 14:10

lambda said:
I assumed, based on the fact this is an overclocking forum, so most people on here are geeky computer enthusiasts, and would usually fall between the ages of 13-25. The last recession occured in 19 years ago and You cant fully appriciate the affects of one until you reach you late teens. So based on the above, its fair to assume most people on this forum aren't 35+, therefore, most of us havn't experienced a real recession.

Well done pointing out the spelling mistake. I bet you feel like a big man now.

I'm 36

Your posts are littered with schoolboy errors mate. Sort yourself out TBH.

(if you are actually 12 years old then I take that back.)

cheets64 · 9 Sep 2009 at 14:10

dirtydog said:
So people would wait until rates go UP before thinking it's safe to spend on credit again?

Have you moved out of your mum's yet?

I don't think you are the best person to be taking about someone else life, are we mister DUI

dirtydog · 9 Sep 2009 at 14:12

cheets64 said:
I don't think you are the best person to be taking about someone else life, are we mister DUI

I see what you did there...

...you made some elementary English errors

Instead of trying to take potshots at me, how about looking for somewhere to live?

cheets64 · 9 Sep 2009 at 14:17

I personally can see another crash, living costs and job losses started the recession and we are still seeing mass job loses and living costs at the same level. Corporate business's are adjusting to the new world of business but the general public isn't.

dirtydog said:
I see what you did there...

...you made some elementary English errors

Instead of trying to take potshots at me, how about looking for somewhere to live?

Why are you so interest in my life, I am over 16 you know

dirtydog · 9 Sep 2009 at 14:18

cheets64 said:
I personally can see another crash, living costs and job losses started the recession and we are still seeing mass job loses and living costs at the same level. Corporate business's are adjusting to the new world of business but the general public isn't.

Why are you so interest in my life, I am over 16 you know

Why don't you act like it then?

vincent1989 · 9 Sep 2009 at 14:21

might as well have said every 365 (ish) days we grow a year older.

it will happen again just as it's happened like clockwork every 30-40 years since we began trading shiny rocks and animal bones

lambda · 9 Sep 2009 at 14:32

vincent1989 said:
might as well have said every 365 (ish) days we grow a year older.

it will happen again just as it's happened like clockwork every 30-40 years since we began trading shiny rocks and animal bones

FFS read the article. And economic cycles last about 20 years.

The Mad Rapper · 9 Sep 2009 at 14:43

dirtydog said:
True but seasoned OcUK members will know I don't suffer fools gladly

I know mate, me neither, but you seem particularly 'on edge' today. Might I suggest some form of relief for Sir?

P.S. I am not offering before you get too excited!

drunkenmaster · 9 Sep 2009 at 15:06

a1ex2001 said:
The BBC like all new outlets these days it would appear needs to have an endless line of sensationalist doom and gloom head lines, now it appears that the current recession is easing and that swine flu isn't going to kill us all they need something else to grab attention so they make common sense look like a news story.

To be fair, much of the sensationalism is provided by the reader. For instance I was vastly underwhelmed and not remotely worried for an instant when I read of more people dying from Swine Flu, where as other people read it panicked and assumed they would die. Same headline, different reactions from different people. Interpretation is key here, while I do agree they do try their best to make whatever they are saying sound more dramatic than it is, well, I'm not sure thats new, newspapers always competed with other papers trying to be more dramatic and attention grabbing.

Fuzz · 9 Sep 2009 at 19:41

themistry said:
It's called the double dip theory, and means the next recession will be coming very shortly (6months - 2 years - who know).

I thought it was the "Dead cat bounce"

[TW]Fox · 9 Sep 2009 at 19:44

dirtydog said:
Have you moved out of your mum's yet?

Gosh are you STILL obsessed with that? Don't worry, he has his entire life to get a flat and a 15 year old Cavalier.

dirtydog · 10 Sep 2009 at 01:10

[TW]Fox;14849749 said:
Gosh are you STILL obsessed with that? Don't worry, he has his entire life to get a flat and a 15 year old Cavalier.

Gosh! Have you STILL not moved out either? Are you STILL looking down your nose at people who live in flats and drive older cars than you?

dustofnations · 10 Sep 2009 at 01:32

My favourites are when BBC quote "scientists" and then don't state their sources, or ensure it is so vague you have no way of verifying it. So unprofessional, sensationalist and decidedly less than candid frankly.

I suppose if there is nothing better to do, you might as well quote someone on their statistically insignificant study about how tomatoes are going to give you cancer, or some unfinished and unverified MSc students ideas (this actually happened incidentally).