Koop:
repton:
I think it is what is technically known as a recession.
This is not a recession!! Its an economic slow down.
A recession happened in late 80’s early 90’s The bank of England are doing a great job at keeping interest rates down, we learned alot from the last “recession”
Jeez…talk about doom and gloom, it will pick up you watch, only last week on the radio analysts reckon house prices will be up 25% in 5 years.
Koop,
Thats where its going wrong, interest rates MUST rise in a "slowdown / recession" [delete which word does
nt apply].
It stops the idiots from going on gung ho, with no thought of how the debt is going to be repaid
This includes business AND individuals, if you cant afford it, don
t buy it, and, thats why the economy has slowed down / gone bust…
High interest rates help to repair life`s balance sheet, when the cash has been recouped, the “cash in hand” column then looks healthier, then the rates can come down SLOWLY
Don`t forget, 50% of the great people of this country are SAVERS, not spenders, their [mine] nest eggs grow, the pension and insurance industries get back on their collective feet, the whole world looks a lot better, HEY PRESTO, its boom time again
There is a quote in the “Financial Mail” this morning, from Robert Tchenguiz, who states that : “In 5 years time, we will look back and describe these times as the bargain era”, as he is a multi millionaire investor, I think he knows a thing or two
My tips ; BT @ £1.7130, fill your boots + Ennstone @ FFS cheap