How bad will the coming recession be?

Answer 1

depends on what you mean

Answer 2

There is a very real possibility of a recession, especially here in the UK.
Banks are tightening up their lending criteria, the number of jobs has fallen, house prices are falling, unemployment is up. Every indication is, that a recession has already started.
How bad will it get?.
A lot of families will lose their homes and jobs. The fiasco of Northern Rock has not gone away. There are other banks that are vulnerable, like the Alliance and Leicester, Bradford and Bingley, Barclays.
The buy to let market will have problems as tenants can't afford the rent, so landlords won't be able to pay mortgage or even find tenants. If they off-load their properties, they could depress the market.
We are entering a period of change.

Answer 3

There will only be a recession if we talk ourselves into one. It's only because the media needs sensationalism to sell papers, etc. that it keeps banging on about a recession when what it really means is there will be a slowing down in the economy that naturally follows from an increase in interest rates. But all the scaremongering about us not being able to afford our mortgages in future is just so much nonsense. The banks and other lenders have to keep lending money to stay in business and there is so much competition in the finance industry it's unlikely interest rates will hit the heights the more lurid reports in the press warn us about. Sure interest rates will rise and some first time house buyers will defer their purchases, and there may be a correction in an overheated property market, but this doesn't exactly constitute a recession. If we all keep our heads instead of believing what we read in the papers we'll be fine.

Answer 4

Most of us are living in a recession now,think of it how many people do you know that live from payday to payday?I among others am struggling and I do not own credit cards,I work hard pay my bills have a roof over my head and a car to drive,and am able to go out and eat about four times a month.There is so many things i would like to have but I thank God everyday for my decent health and capable mind.The cost of everything today is so high compared to the wages,If you are young go to college and make something of and for yourself.I am a old man looking back at all the would have,could have ,should have things and it is to late for me.I pray for this younger generation,they are in for some hard times.Uor government doesn't seem to care any more,letting all these people come in here and take over,sending jobs overseas to cheaper labor.Who is going to buy there product when there is no money?Load your guns the robbing and taking your things has started and it will get worse in the near future.Most of all find God your only salvation.

Answer 5

I believe - and predict - that the United States will see a major economic depression shortly after Bush leaves office in 2009, making the great 1929 depression look like an ice cream social.
That's why you'll see a mediocre effort on the part of Republicans to win any elections in 2008. They would rather Democrats are in power when the depression hits so they get the blame...and that gives the GOP a much stronger opportunity to regain the White House and control of Congress in 2012.
Bush's runaway war spending, reckless economic policy, 'cooked books' and reprehensible financial generosity toward a handful of already-wealthy elitists has put American taxpayers TRILLIONS of dollars in debt. We will not recover from this quickly or easily. Tens of millions will be out of work; banks will close; some of America's largest financial institutions will collapse; millions of homes will be in foreclosure; and our nation's bankruptcy will quickly spread to other nations, most notably England, China and Japan. We will become embroiled in more senseless 'wars' as nations jostle to retain their own economic stability. America will weather this economic catastrophe well into the middle of the next decade until things finally start to turn around. -RKO- 12/05/07

Answer 6

If the liberals of either party takes office and is successful in taxing us out of the rest of our earnings, the resulting recession will be pretty bad. I figure national health care will bankrupt the country if we baby boomers don't do it first by demanding our share of the programs we have been forced to pay for all our lives. And the global warming hoax threatens to double our energy expenditures. I think it will be pretty bad indeed.

Answer 7

Only as bad as the bankers want it to be. They are the designers of wars, death and mayhem. They control the balance of life throughout the technologically advanced world. They that rule the government are themselves ruled by the rich and powerful bankers that rule the world. Money only works as well as the pshycological framework it exists in. If everyone in the world decided to "Not" use the banker money - then natural stupidity and its mayhem would ensue because it seems that bankers are the only people on earth that really understand the psychology of man and money. To keep mayhem from happening in an uncontrollable manner - the bankers cause their armies to bring out the guns and kill people until the people submit to using the chosen currency. Now - When the people are allowed too much money another kind of natural force goes to work in the minds of the people. They start taking life for granted and become consumed with arrogance and forgetfulness. They start becoming like the bankers in greed but, with one major big difference. The bankers know what they are doing - the masses are ignorant and must be controlled. The masses come to believe they know all and deserve all without actually knowing all or deserving all - become willing to kill others for the sake of having more money because money will get things that they believe they deserve. They revert back to being raw animals but, in a scientifically controlled environment (society). The people begin living with no restrictions or diciplines of life other than over use of limited resources. When this happens the bankers must create what we call "inflation" to slow the greed and lust for money that the masses have come to have. Inflation is a by product "tool" of creating as much money as your system wants. Now - if that inflation technique doesn't work - then a depression is created. The bankers then use depression as an excuse to create a war and kill off the arrogant masses until they once more submit to the civility and rule of law that a civil society must have in order to have the type of society we live in today. How bad will the coming recession be? Well, I've lived through several of them and from studying them as they come and go and knowing how they were created and solved - it's evident that inflation is a necessary evil that keeps those who would eventually have everything because they are the smartest and strongest of the human animal world - from being out of control. So - don't worry about inflation. We need inflation to control the corporate masses from killing ourselves. Inflation is a good tool to help the less advantaged people who can't figure it out. It's sort of like having bankers having mercy on mankind and showing their goodness of heart. Now - if they create a depression - then you need to worry because a lot of people are going to be killed to solve that issue. If the masses were a lot smarter than they claim to be - we would be a Class 1 Society and wouldn't need all the negative aspects money brings. Will that every happen? I don't really think so. As long as mankind is an animal - it will kill just like all the other animals of emotion such as tigers, chimps and such. Cheers!

Answer 8

The US credit crunch has well and truly hit the UK. The Government has lent the Northern Rock as much as it spends on the army in 1 year.

There will be trouble ahead. The savers and first time buyers will be the winners. People with mortgages and debt will be badly hit.

Answer 9

A recession is a contraction of the economy for more than 2 comsecutive quarters. The economy may slow down but a reccesion is unlikely.

Answer 10

one man who turned an 8 million dollar hedge into
a 150 billion dollar fund said in 2008 we will have
a recession thats a doosie.

Answer 11

well it depends on how the powers that be handle it before it comes, to which they are not, but then we are still spending £11 for every £10 earned. so what can you say