Saturday, 10 February 2018

The Coming Recession

The only things certain in life are death, taxes and recessions and we have seen recently  some wonderful shots of unhappy traders shouting, waving paper and staring at screens with their hand on their mouth which all means...well i'm not sure what it means but it seems like the economy is once again on it's usual one way trip to a financial crisis.
The finance guy on BBC must have been watching the Winter Olympics just before his piece because he talked about skating on thin ice, things hurtling downhill fast and there was even mention of a wild and scary toboggan ride which was accompanied by graphics of Global Markets with big down arrows next to them.
Last week’s share price crashed, wiping $4 trillion off the value of markets around the world before a slight recovery followed by another ariel with two and a half twists reversal.
I don't know what the economy people are saying, i don't even understand half the words they use but they seem to be getting excited about something and we could be seeing graphics with the down arrows for some time but if it leads to the collapse of Manchester United, McDonald's, Estate Agents and Ed Sheeran's singing career we can consider the coming recession a necessary evil. 

6 comments:

Keep Life Simple said...

uh, you can't have a recession without first having had GROWTH

Keep Life Simple said...

also, you are confusing markets and the economy. economies have recessions. and, while markets and the economy usually trend the same direction, the markets can do poorly in a good economy, and good in a poor economy.

Keep Life Simple said...

and the $4 trillion loss was "book" value. stock prices go up and down based on what investors perceive about the future value of a company, as opposed to the actual value of the company.
which means it was "unrealized" which means stock prices went down and the value of the companies did not change.

Falling on a bruise said...

I will forward your comments to the BBC and the economics and graphics department.

Keep Life Simple said...

Yeah you have used that lame excuse before. Why do you publish things you are clueless about?

Falling on a bruise said...

And I will use it again for your lame comments. My source,The BBC, is clueless?