if recession hits ?

power_hungry · 10 Sep 2008 at 23:07

Hi guys i was wondering about the crazy prices with Electric goods, and the ponkers economy We have these days so if recession comes along should this bring prices back down to sqaure one so people can afford to buy and treat are slefs hehehe

what's you're opinion

Lister2020 · 10 Sep 2008 at 23:32

Um, do you understand what a recession is?

Thing's are going to get more expensive with a recession. The pound will/is cheaper against the dollar. E.G. a while back it was 2 bucks for a pound, It's dropped a fair bit now I think.

Jokester · 10 Sep 2008 at 23:33

Things generally get cheaper during a recession because of lack of demand.

keyser · 10 Sep 2008 at 23:57

my opinion is move this to Life forum

thesnowdog1971 · 11 Sep 2008 at 00:10

If..? We've been in a recession for about a year or so from what I've seen.

Nelly · 11 Sep 2008 at 00:19

Not to mention thousands of people will loose their jobs & will find obtaining employment a lot harder than it already is, maybe even you or your family if your reading this lol.

This will also have the double effect of people cutting back on spending which will mean retailors wont be making as much money & they will lay off staff - maybe even OcUK lol.

Just remember, no one's jobs are safe, I worked for a company for 11 years with millions of pounds turnover then 2 screwup's in one year on large contracts sent us under just like that.

Lister2020 · 11 Sep 2008 at 00:24

Jokester said:
Things generally get cheaper during a recession because of lack of demand.

Not when the value of our currency drops.

thesnowdog1971 · 11 Sep 2008 at 00:57

Nelly said:
Not to mention thousands of people will loose their jobs & will find obtaining employment a lot harder than it already is, maybe even you or your family if your reading this lol.

This will also have the double effect of people cutting back on spending which will mean retailors wont be making as much money & they will lay off staff - maybe even OcUK lol.

Just remember, no one's jobs are safe, I worked for a company for 11 years with millions of pounds turnover then 2 screwup's in one year on large contracts sent us under just like that.

Yup, I was made redundant in July thanks to bad management. Thankfully I got around £3000 redundancy so am using it to pay for a new machine:

Should keep me going for a few years and if I can manage to overclock the Q9550 to 3.2GHz then I've got a £900-odd quid processor performance from a £220 CPU lol.

Energize · 11 Sep 2008 at 01:13

Lister2020 said:
Not when the value of our currency drops.

But america is heading the same way so it equals out.

muon · 11 Sep 2008 at 01:29

thesnowdog1971 said:
If..? We've been in a recession for about a year or so from what I've seen.

Not sure what you've seen, but a recession is 2+ quarters of negative growth.

But some arbitrary classification of recession is irrelevant in any analysis anyway. If UK growth slows by x% then theres an effect on unemployment and prices.

Th3D0n · 11 Sep 2008 at 02:29

Nelly said:
Not to mention thousands of people will loose their jobs & will find obtaining employment a lot harder than it already is, maybe even you or your family if your reading this lol.

This is a shame! and i fell sorry for them

what is worse are peaple who just cant be a***Ed to get a job and never will think of tryin to get one and get more money of benafits then i do workin 35-40 hours a week