PPRuNe Forums - View Single Post - Growing evidence that the downturn is upon us....
Old 15th May 2008, 00:00
  #566 (permalink)  
Wee Weasley Welshman
 
Join Date: Feb 2000
Location: England
Posts: 15,061
Received 227 Likes on 88 Posts
Unhappy

People will always join easyJet as well... Whatever that means.

Difficult to know where to start with todays news. It really couldn't be spelled out more clearly for Wannabes. Its not just me and some crank internet sources. This is the chief economic editor of The Times, the Governor of the Bank of England and the BBC all saying "Crisis", "Recession" and "Housing Crash".

I'll admit that this is happening faster than I expected. I shudder to think what 2008 is going to look like as the secondary effects kick in. Hyperinflation, Depression or Stagflation - I can see an argument for each or none.

There is certainly the risk of a very big mess developing for Wannabes.

Whatever your exact circumstance I would suggest that there is absolutely NO pressure now to crack on with your training in any degree of haste. If a more leisurely option is also cheaper then so much the better.

WWW


Links:

http://tinyurl.com/6ggekw Daily Telegraph


Recession danger is real, warns Mervyn King

The British economy faces the real risk of falling into recession, the Governor of the Bank of England has admitted.

Mervyn King warned families to brace themselves for a further "squeeze" on household finances as rising energy bills and food prices continue to rise.

The Governor - who said that "the nice decade is behind us" - also warned homeowners that property prices would fall further and that it was impossible to predict the scale of the decline.





http://tinyurl.com/5o676o The Times, Anatole Kaletsky

..literally unprecedented in the history of modern British government, sets the stage for economic and political disaster.




http://tinyurl.com/6fgm67 The BBC

Britons on the Costa del Sol are suffering a measure of the pain which the end of the housing boom is causing across the wider Spanish economy.
Estate agents report that house prices have fallen 30% in many areas; economic growth forecasts have been revised downwards.

Unemployment is rising and predicted to reach at least 10% by the end of the year.
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