Sunday, 5 July 2009

So, will it be doubel -dip or not?

The Independent on Sunday is one of the better Sunday Newspaper business pages these days; shame about the rest of the paper.

It's prospects are not too good either, with Tony O'Reilly caught in the Irish maelstrom.

However, this article judges the time we live in quite well. There is no doubt that we are on an economic knife edge. A fall from here will be very painful, perhaps even worst that the year we have just suffered. But a if somehow we muddle through, then it will be a great result.

At the moment, my heart is with the latter, my head with the former.

9 comments:

Tuscan Tony said...

A double dip would be the death of grandiose champagne- level spending socialism as we know it for the next generation, minimum. Bring it on, for that reason only.

Blue Eyes said...

I am torn between Mr Tuscan's view that perhaps we need a good long proper collapse before people will realise we can't just keep inflating the balloon with debt and printed money. But then again I'd quite like to keep my job and hold the value of my meagre savings. If the economy heads much further south the pound will soon collapse and the IMF will be here.

CityUnslicker said...

I am with BE - pleae let me keep my job and be able to feed my family!

Mark Wadsworth said...

I think it's far too soon to be talking about double-dips, because we are still on a steep downward trend - if things were genuinely improving (which they aren't), then maybe, just maybe, we could worry whether there'd be another 'dip'.

But the first dip ain't over yet, not by a long chalk.

Nick Drew said...

quite liked this one from the STel

James Higham said...

I'd like one of those doubels if you have one.

CityUnslicker said...

MW - You are right, what we seem to be have cing is more like a lighting z than a W dip!

Anonymous said...

Brown controls the economy

Anonymous said...

I think we have a slowing pace of deceleration of the economy brought about by simply massive injections of debt and printed cash both here and abroad. Given even that has only slowed the rate of decline we can only imagine where the economy will be at the end of the year when the final reality is known. We cannot create more debt forever. We cannot print huge amounts of money without dire consequences. We will be left with a barter economy if things go on like this - you had better hope you have something to barter.