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3 years of inflation and recession to come June 28, 2008

Posted by Al in : politics , trackback

It’s been obvious for a while that a recession is occurring, and with inflation starting to kick in as well then things can only get worse. I was only expecting this to last through 2009, but Barclay’s chief analysts believe that recession and inflation will continue for the next 3 years. That’s a long time – long enough for people to lose jobs, lose income, lose houses and lose every thing good they thought they had. It’s time tighten the purse strings and be careful where you spend your money – try to spend in local shops not supermarkets, and try to spend wisely. The worst is yet to come.

Also, for all those who’ve bought houses in the last 5 years, it is being predicted that house prices will not bounce back to their peak values until 2015! That’s a long time to wait with negative equity, so for all those who’ve bought recently I offer my sympathy.


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