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Re: Itpro no one saw the 'global' recession coming
Posted by 'itpro' on 02 May 2010 @ 23:47

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itproJoined: August 2001
Total Posts: 6
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Sorry old son, some of us DID!

What was the signal that it would all go wrong? When building societies and Banks started giving OVER 100% mortgages!

How did 'we' know that was the sign? Because it's preceded EVERY recession that I have seen!

Was it the CAUSE of the recession? Well.... that's complex.... this time, it wasn't the 100% plus mortgages themselves which did it, it was the ATTITUDE where finance institutions began to lose financial SENSE! However, the depth of the UK recession WILL be based on those over-100%-mortgages! OIt's my view (and that of many others) that the REAL recession in the UK starts AFTER the election and the MONTROUS amounts of borrowing that has occurred against the 'supposed' value of houses will suddenly become starkly available!

Warren buffet put it SPECTACULARLY well! He said:-

"When the tide goes out, you can see who was swimming naked......"

The tide is on the turn right NOW!

Oh..... and I sincerely hope that I am MASSIVELLY WRONG on this one and that we about to return to the sunny uplands of prosperity! I just KNOW that we AREN'T!

Ian

Message Thread:

Please God the one eyed pillock has..... by 'alanrr' (30 Apr 2010 @ 1:27)

Re: Please God the one eyed pillock has..... by 'DavyBoy' (30 Apr 2010 @ 7:42)

Re: Please God the one eyed pillock has..... by 'tsp' (30 Apr 2010 @ 9:01)

Re: Please God the one eyed pillock has..... by 'Ballhatchet' (30 Apr 2010 @ 9:25)

Labour supporter then? by 'alanrr' (30 Apr 2010 @ 13:22)

Re: Labour supporter then? by 'Ballhatchet' (30 Apr 2010 @ 18:29)

Re: Labour supporter then? by 'DavyBoy' (30 Apr 2010 @ 18:43)

Re: Labour supporter then? by 'speedyman' (30 Apr 2010 @ 19:19)

Re: Labour supporter then? by 'DavyBoy' (30 Apr 2010 @ 20:36)

Re: Labour supporter then? by 'Ballhatchet' (01 May 2010 @ 19:48)

Re: Labour supporter then? by 'Shanny' (02 May 2010 @ 8:29)

Re: Labour supporter then? by 'itpro' (02 May 2010 @ 18:31)

Itpro no one saw the 'global' recession coming! by 'RotaxTim' (02 May 2010 @ 20:40)

Re: Itpro no one saw the 'global' recession coming by 'itpro' << You are here!

Re: Itpro no one saw the 'global' recession coming by 'RotaxTim' (03 May 2010 @ 0:17)

Re: Itpro no one saw the 'global' recession coming by 'NikG' (03 May 2010 @ 0:17)

Re: Labour supporter then? by 'Ballhatchet' (03 May 2010 @ 10:38)

Re: Labour supporter then? by 'RotaxTim' (03 May 2010 @ 10:54)

Re: Labour supporter then? by 'merv' (03 May 2010 @ 12:07)

Re: Labour supporter then? by 'itpro' (03 May 2010 @ 23:45)

Re: Labour supporter then? by 'Ballhatchet' (04 May 2010 @ 15:32)

Re: Labour supporter then? by 'RotaxTim' (04 May 2010 @ 15:44)

Re: Labour supporter then? by 'itpro' (04 May 2010 @ 17:02)

Vote Labour. by 'Trev' (04 May 2010 @ 17:24)

Re: Vote Labour. by 'RotaxTim' (04 May 2010 @ 17:28)

Re: Pain alright by 'Ballhatchet' (04 May 2010 @ 17:54)

Simply Brilliant, Ballhatchet! by 'itpro' (04 May 2010 @ 19:23)

Tories bad for the UK by 'Trev' (04 May 2010 @ 20:00)

Re: Tories bad for the UK by 'RotaxTim' (04 May 2010 @ 20:09)

Re: Tories bad for the UK by 'michaelg36' (04 May 2010 @ 21:57)

Naive at best! by 'RotaxTim' (04 May 2010 @ 22:30)

Re: hahaha by 'Ballhatchet' (04 May 2010 @ 22:50)

Re: Tories bad for the UK by 'alanrr' (04 May 2010 @ 23:34)

Michael, I don't know what you study.... by 'itpro' (05 May 2010 @ 1:55)

Re: Michael, I don't know what you study.... by 'DavidG' (05 May 2010 @ 11:39)

It;'s an important day, today! by 'itpro' (05 May 2010 @ 12:21)

Michael.1997 6 billion deficit, 2010 163 billion.. by 'merv' (05 May 2010 @ 14:05)

Re: Tories bad for the UK by 'itpro' (04 May 2010 @ 20:27)

Re: Tories bad for the UK by 'QuickOldTimer' (04 May 2010 @ 21:21)

Re: Tories bad for the UK by 'itpro' (05 May 2010 @ 1:58)

Re: Tories bad for the UK by 'QuickOldTimer' (05 May 2010 @ 9:57)

Re: Tories bad for the UK by 'QuickOldTimer' (05 May 2010 @ 10:12)

Re: Tories bad for the UK by 'alanrr' (05 May 2010 @ 14:17)

Re: JUMP JUMP JUMP to conclusions! by 'Ballhatchet' (04 May 2010 @ 20:06)

Re: JUMP JUMP JUMP to conclusions! by 'itpro' (05 May 2010 @ 1:59)

Re: JUMP JUMP JUMP to conclusions! by 'Ballhatchet' (05 May 2010 @ 9:15)

Re: JUMP JUMP JUMP to conclusions! by 'itpro' (05 May 2010 @ 11:04)

Re: JUMP JUMP JUMP to conclusions! by 'Ballhatchet' (05 May 2010 @ 11:11)

Re: JUMP JUMP JUMP to conclusions! by 'itpro' (05 May 2010 @ 11:36)

Re: JUMP JUMP JUMP to conclusions! by 'Ballhatchet' (05 May 2010 @ 12:10)

Re: JUMP JUMP JUMP to conclusions! by 'itpro' (05 May 2010 @ 12:28)

Re: JUMP JUMP JUMP to conclusions! by 'alanrr' (05 May 2010 @ 22:41)

You are not thinking, again. Trev. by 'itpro' (04 May 2010 @ 19:15)

Mixed feeling, Ballhatchet. by 'itpro' (01 May 2010 @ 1:04)

In a nutshell... by 'merv' (02 May 2010 @ 14:08)

voting not labour by 'kudos' (03 May 2010 @ 23:11)

itpro for pm, alanrr (lord tebbutt) for chancellor by 'kartcollector' (04 May 2010 @ 20:03)

Well Said 'michaelg36' by 'Trev' (04 May 2010 @ 22:18)

Re: Well Said 'michaelg36' by 'BanzaiBoy' (04 May 2010 @ 23:17)

Trev by 'itpro' (05 May 2010 @ 2:06)

Re: Trev by 'QuickOldTimer' (05 May 2010 @ 10:14)

Re: Trev by 'itpro' (05 May 2010 @ 11:08)

Re: Trev by 'QuickOldTimer' (05 May 2010 @ 12:00)

Re: Trev by 'Ballhatchet' (05 May 2010 @ 12:15)

Ball hatchet by 'itpro' (05 May 2010 @ 12:35)

Re: Ball hatchet by 'Ballhatchet' (05 May 2010 @ 16:13)

Re: Ball hatchet by 'itpro' (06 May 2010 @ 11:09)

Re: Ballhatchet by 'Ballhatchet' (06 May 2010 @ 11:42)

Re: Ballhatchet by 'itpro' (06 May 2010 @ 12:19)

Re: Ballhatchet by 'Ballhatchet' (06 May 2010 @ 14:44)

Re: Ballhatchet by 'itpro' (06 May 2010 @ 16:47)

Re: Ballhatchet by 'Ballhatchet' (06 May 2010 @ 17:19)

Re: Ballhatchet by 'itpro' (06 May 2010 @ 17:25)

Re: Keep up old man by 'Ballhatchet' (06 May 2010 @ 21:01)

You have the last wrod! by 'itpro' (07 May 2010 @ 2:50)

'Clever Trevor' - socialist racing driver by 'DavyBoy' (05 May 2010 @ 9:28)

Let's look at the CONCEPT, here! by 'itpro' (05 May 2010 @ 11:21)

There are plenty of rich Labour politicians.... by 'merv' (05 May 2010 @ 18:23)

Re: There are plenty of rich Labour politicians... by 'itpro' (05 May 2010 @ 23:47)

I went to.. by 'merv' (06 May 2010 @ 16:42)

Jilted John was right !! by 'JasoN' (04 May 2010 @ 22:29)

I am still waiting for a Labour by 'merv' (05 May 2010 @ 18:26)

Didn't the lyrics contain the words...... by 'alanrr' (05 May 2010 @ 22:47)

Re: Didn't the lyrics contain the words...... by 'KenE' (06 May 2010 @ 7:52)

Re: Didn't the lyrics contain the words...... by 'DavyBoy' (06 May 2010 @ 8:47)

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