Economy

gtfpv · 05-08-2011, 03:53 PM

Quote:

Originally Posted by Polyal

Does anyone else have a weird feeling about the economy at the moment? Can resources really carry us for much longer?

Housing coming down
Inflation going up
Therefore generally rates up
Unemployment ?? Not sure, stagnant?
The dollar is still high which kills our exports
Retail is hurting bad

So no I would not be investing in anything, sit and wait until there is some better signs and then buy while it is down and wait another 5 years or so.

Problem is there are no golden rules, things could get worse. IMO only invest what you are prepared to lose.

my opinion is . housing wont come excessively down , maybe 10 to 20% max interest rates will fall atleast 1% . and inflation will still go up pay rises to match . unemployment may increase in small business . but boom in bigger businesses . our dollar will come down and match U.S AND RETAIL WILL HRT .

GENERALLY , if you have a job in a recession , you end up pulling ahead , as your debts decrease . often recessions dont affect the masses of ordinary working people , aside from the non essential type employment . which we pretty much dont utilise now anyway .
just my guess . i'm not saying i'm right .