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When will the "crash" end?
Old 07-15-2009, 09:32 AM When will the "crash" end?
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Quote:
Record rise in UK jobless total
UK unemployment rose by a record 281,000 to 2.38 million, in the three months to May, official figures show.
UK job cuts affect 'two in three'
Your views: Is the worst over?
Recession tracker
That's from the bbc's current front page.

Now, the actual answer is already available, PwC have answered it (but no one really wants to admit the truth until the truth is the past)...

Quote:
property crash - bottoms out in 2015 and slow growth after that
http://news.bbc.co.uk/1/hi/business/8148528.stm





BBC NEWS | Business | Economy 'dampening house prices'
Source: news.bbc.co.uk
The sluggish UK economy is likely to mean that house prices will not see any "meaningful" recovery for some time, two separate surveys suggest.




The fact is that a lot of people are trying to talk about whether or not problems have "bottomed out" - when in reality problems are at their worst, and the response hasn't even begun - people are still overspending from the pre-poverty era - eg in the centre of the city of london the gorgeous sunshine has caused most workers to decide to have one last binge - thereby screwing themselves out of about 6 months spending money once they realise how long they should be making the amount spent on booze and expensive grub last from now on.

Price Waterhouse Cooper has clearly stated as boldly as it can that the property crash will end in 2015 and even if it does, after 5 years of growth when 2015 arrives, we'll still only have prices which are still under 2008 levels, i.e current "crash" levels.

What is sad is how many people in banks, governments and media who want YOU to not understand that and spend every day trying to convince you the recession is over. Don't forget that when it was about to come, they convinced YOU that it would not come, and they profited from that fact, by taking more and more cash off you when they still could. And commanding "loyalty" from workers because the workers really believed in a bright future. Well they're trying it on you again. What are you gonna do? I don't really care, of course - since I'll be rich no matter what. And the people exploiting you will be poor no matter what. But what about YOU... what do YOU want to do? Be a sucker?
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