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i understand what a recession is and what has to happen for it to be called that. its all the percentages and gdp's and how the government got in that state by lending i just dont get. not everyone reads the FT or studied economics and applied math. so its no wonder a lot of people are left a bit confused as to whats happening to their money.
(fernbrittonsexcessskin will give a shit later, Fri 23 Jan 2009, 14:20, 1 reply)

Not much is happening.
Noone really understands how economies work - they're too complex and people are non-rational. But we can talk meaningfully about trends. The trend at the moment is that there's been 10 years of solid growth. Chinese and Indian growth, alongside low oil prices, has meant that we've got over-exuberant. That created a bubble.

The bubble has burst. Now we've swung back the other way - probably too far. This time in two years it'll all be over.
( Enzyme is powered by sunlight, Fri 23 Jan 2009, 14:46, closed)