Is recession really here?

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Is recession really here?

Pracs
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02-21-2009, 08:37 PM

A short response for now

Well, its official here in the UK, two quarters of negative growth. What I can see out right apart from contraction in the economy is
-Low/minimal number of Mortgages being taken out, at a minimum of 25% deposit (compared to 100% a year ago)
-Burst of the property bubble
-Mass retrenchments across industries
-Consumer hold out on big ticket spending such as vehicles, property, foreign holidays etc.

The hustle and bustle out in the Malls and on high street is per my understanding
-Purchase of low ticket items of every day use
-people moving from high worth brand items to cheap brands (you can buy a jumper for 60 pounds (mid range UK brand) to 5 pounds (Cheap UK brand)
-more people are going out window shopping and buying less (as they are not spending on other leisure activities and have to while away time anyways)

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Is recession really here? - by Toronto_Boy - 02-21-2009, 01:23 AM

[No subject] - by Pracs - 02-21-2009, 08:37 PM

[No subject] - by kamranACA - 02-22-2009, 01:46 AM

[No subject] - by Toronto_Boy - 02-22-2009, 04:16 AM

[No subject] - by Toronto_Boy - 02-22-2009, 03:19 PM

[No subject] - by Toronto_Boy - 02-22-2009, 03:53 PM

[No subject] - by awaisaftab - 02-23-2009, 07:17 PM

[No subject] - by kamranACA - 02-23-2009, 08:39 PM

[No subject] - by Toronto_Boy - 02-24-2009, 12:37 AM

[No subject] - by awaisaftab - 02-24-2009, 04:25 PM

[No subject] - by sumairalam - 03-01-2009, 08:44 PM

[No subject] - by CFANerd - 03-08-2009, 01:46 PM

[No subject] - by CFANerd - 03-08-2009, 05:13 PM

[No subject] - by maqszaman - 12-22-2009, 02:11 AM

[No subject] - by Toronto_Boy - 12-22-2009, 04:00 AM

[No subject] - by maqszaman - 12-22-2009, 05:23 AM

[No subject] - by kamranACA - 12-23-2009, 01:38 AM

[No subject] - by awaisaftab - 12-23-2009, 04:30 PM

[No subject] - by Toronto_Boy - 12-23-2009, 05:11 PM

[No subject] - by awaisaftab - 12-23-2009, 05:47 PM

[No subject] - by kamranACA - 12-23-2009, 10:22 PM

[No subject] - by maqszaman - 12-24-2009, 02:12 AM

[No subject] - by awaisaftab - 12-24-2009, 02:25 PM

[No subject] - by maqszaman - 12-24-2009, 03:24 PM

[No subject] - by Toronto_Boy - 12-24-2009, 04:33 PM

[No subject] - by awaisaftab - 12-24-2009, 05:12 PM

[No subject] - by maqszaman - 12-24-2009, 10:44 PM

[No subject] - by kamranACA - 12-24-2009, 11:52 PM

[No subject] - by maqszaman - 12-25-2009, 12:34 AM

[No subject] - by Toronto_Boy - 12-25-2009, 01:21 AM

[No subject] - by kamranACA - 12-25-2009, 02:28 PM

[No subject] - by maqszaman - 12-26-2009, 02:16 PM

[No subject] - by awaisaftab - 12-31-2009, 07:52 PM

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[No subject] - by maqszaman - 01-01-2010, 03:51 AM

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[No subject] - by Ali RAZA - 01-06-2010, 11:30 PM

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[No subject] - by Spectrum - 01-22-2010, 04:23 PM

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[No subject] - by sensible - 01-22-2010, 08:16 PM

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[No subject] - by Spectrum - 01-22-2010, 08:40 PM

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[No subject] - by rabia-k - 01-22-2010, 09:30 PM

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