Will there be a recession & what effect will it have?

Question

Will there be a recession & what effect will it have?

Answer 1

a) yes.

b) we'll all be skint.

Answer 2

It doesn't exist its just a tightening of paper money in circulation by the privately owned Central banks.  

Scare mongering by the press which is also owned by the banks. If there is a recession its only going to be caused by the bank themselves for profit reasons

Answer 3

It`s looking that way.

This would result in much enemployment which would mean that many, many immigrants will have to return home, otherwise there could be huge problems.  Riots etc

Answer 4

You are already in one, your essentials will go up in price, your salary will not increase by much, you will have to watch your borrowing as the Banks will charge you more too, advice?, get rid of any debt as quickly as you can, do not plan on buying anything major for a few years.

Basically what happens is more of the same old, same old, those at the top of the tree will not suffer, those midway will feel the pinch, those lower down will be fed the c**p of those above and will have to learn to like it.

Answer 5

yes, many people will lose their jobs.

Answer 6

Sure?

There be one?

Decode this lyrics " You raised me up"

Back in the past.

Decode this lyrics " There's a hole in the bucket, dear Henri"

What's wrong in going backwards in time?

Luke 8.10,17

Answer 7

Things don't look very good at all and all we can hope for is a short lived recession rather than an outright depression, the latter of which is on the cards if the Chancellor doesn't get it right.  

Ken Clarke not only pulled us out of the recession of the early 90s but handed over a strong economy to Labour.  I do not think that Darling is of the same calibre and we know that Brown isn't.

Answer 8

the banks are to blame for lending to much money they set targets for their employees to meet, shareholders expectations of ever increasing profits and their  willingness to move assets made the banks over zealous in their lending decisions lots of risky loans were made. home owners made decisions on the rising value of their properties, monies they didn't really have, they borrowed on this imaginary money and now the the sharks are coming to collect.

will there be a recession YES the effect will be we will have to accept that we have been foolish and we have been led well and truly up the garden path, on the financial  side of things we will have to reduce our expectations and act accordingly.

the saying "It will all end up in tears" comes to mind

Answer 9

Well I am seriously worried. My fuel bills have shot up as have food bills, even cat food has increased by at least 25% in the last couple of months.....My salary has stayed the same for the last two years.  Nail biting stuff.

Answer 10

A recession will have a big psychological affect on people.

The "feel-good" factor so taken for granted by today's younger generation will impose an unaccustomed caution .which had so disappeared in a hedonistic society

The very same materialistic greed that led avaricious financial institutions to abandon caution for greed will come home to roost. Anybody with entrepreneurial skills or ideas will not find the necessary venture capital and business will stagnate. Next comes civil unrest and that's the nub!

Answer 11

Yes, and most of us will  have to content ourselves with only buying what we need to survive on.  Saving, rather than borrowing and spending will be the order of the day. House prices will fall, and believe me, they need to. The Banks are already hoarding cash and not lending it out. The Government being the biggest spender and waster of tax payer money will have to cut back severely on its spending. Unemployment will rise.

With all the irresponsible borrowing/lending that has gone on in recent  years, we have finally hit the buffers, as we were always going to. We have earned our recession, and we need to learn the lesson that you cannot keep borrowing foreign money without eventually having to pay a price.