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Things looking up???


skyhuck
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The last quarter suggests we are out of recession due to the extra spending caused by the olympics. Does this mean that come January we will be in an all new recession as there is no more olympics?

 

The Olympics added 0.2% only, so without it we could still be at 0.8%.

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They have probably realised that they are leaving them wide open to another PPI scandal and the claims that would follow.

 

They will no doubt tell you go to an independent FA, as real that make far more sense.

 

The sad truth it the the independents are no way near as regulated as the high street banks , as for the ppi scandal this was something that was created buy the banks lending side the FA's mainly dealt with investment , for what its worth Lloyds have kept on the financial consultants (the people that deal with protection) as they were the side that actually turns a profit ! . Having a partner that works within this area it really does open my eyes to the way banks react to the economy especially when you look at the figures

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No you shouldnt , but if then again if the HSE said that it was safe to use tesco carrier bags as a parachute and leap out of a plane at 10,000 feet would you do it ? .

 

Im glad to hear that work is picking up BUT is it short lived because people now feel that seeing as the recession is over we can go back to how spending was before ? I truly hope the improvement you have seen is set to carry on

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Its very trendy at the moment for the well off to save money even if they dont need to. Everybody likes a bargain but for some it is causing alot of pain. If everyone talks the economy down people wont start spending. For what its worth I dont think we are out of the woods yet just dont tell the rich. :biggrin:

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The economy has a lot of re-adjustment to do yet. Too much relying on banks and debt with house prices at inflated prices. Look at Japan always in and out of recession for the last ten years and houses going down for the same amount of time. Too many people have managed to earn money without doing much for it. Energy prices will keep any recovery small.

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The economy has a lot of re-adjustment to do yet. Too much relying on banks and debt with house prices at inflated prices. Look at Japan always in and out of recession for the last ten years and houses going down for the same amount of time. Too many people have managed to earn money without doing much for it. Energy prices will keep any recovery small.

 

I'm pretty sure Japan has not been out of recession for 20 years.

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