How many "recessions" have you lived through?

#1
In 38 years this is my 4th "recession", do I get a medal?

1: The whole 70`s
2: The early 80`s
3: The early 90`s
4: 2009 and off we go again!
 
#2
In my adult life I suppose only one recession - the early '90s. I was in the mob then though and the first I knew of the early '90s recession was afew months ago!.
 
#3
dog_eatin_ot_chips said:
In 38 years this is my 4th "recession", do I get a medal?

1: The whole 70`s
2: The early 80`s
3: The early 90`s
4: 2009 and off we go again!
Forget number 4.

Boom & bust has been abolished.
 
#4
Pork_Pie said:
dog_eatin_ot_chips said:
In 38 years this is my 4th "recession", do I get a medal?

1: The whole 70`s
2: The early 80`s
3: The early 90`s
4: 2009 and off we go again!
Forget number 4.

Boom & bust has been abolished.
Silly me!
 
#6
This one's not a recession - it's a "downturn". The BBC says so.
 
#9
The big one [WWII] was the worst for me. Once rationing finished in the early '50's the rest were just minor incoveniences. [probably killed this thread off ...... sorry!]
 
#10
exile1 said:
The big one [WWII] was the worst for me. Once rationing finished in the early '50's the rest were just minor incoveniences. [probably killed this thread off ...... sorry!]
Killed the thread? On the contrary, you have opened a Pandora's box comprised of unique and relevant information and experiences. I am interested in reading of your experiences and views.

In particular:
How would you compare the current crisis to the crisis that you experienced all those years ago; the one that had its roots in the deflationary bust of the early 1930s?

Regards.
 
#11
exile1 said:
The big one [WWII] was the worst for me. Once rationing finished in the early '50's the rest were just minor incoveniences. [probably killed this thread off ...... sorry!]
On the contrary, I think you've given it perspective.
 
#12
Contrarian said:
exile1 said:
The big one [WWII] was the worst for me. Once rationing finished in the early '50's the rest were just minor incoveniences. [probably killed this thread off ...... sorry!]
Killed the thread? On the contrary, you have opened a Pandora's box comprised of unique and relevant information and experiences. I am interested in reading of your experiences and views.

In particular:
How would you compare the current crisis to the crisis that you experienced all those years ago; the one that had its roots in the deflationary bust of the early 1930s?

Regards.

Fewer diplodocus :D
 
#13
parapauk said:
Contrarian said:
exile1 said:
The big one [WWII] was the worst for me. Once rationing finished in the early '50's the rest were just minor incoveniences. [probably killed this thread off ...... sorry!]
Killed the thread? On the contrary, you have opened a Pandora's box comprised of unique and relevant information and experiences. I am interested in reading of your experiences and views.

In particular:
How would you compare the current crisis to the crisis that you experienced all those years ago; the one that had its roots in the deflationary bust of the early 1930s?

Regards.

Fewer diplodocus :D
Valuable.
 
#14
I was born into the one that we had in the 1930s. Can't really say how it affected me, I was shielded from it as much as was possible, but it sure as feck nearly killed my parents. I can remember some very distressing events and I sincerely hope that we can avoid anything like it again.
If you believe in prayer then pray but most of all make what provision you can.
Sorry to put a dampener on the thread as I believe you wanted it to be light hearted. I just hope that I am wrong.
 
#15
basso said:
I was born into the one that we had in the 1930s. Can't really say how it affected me, I was shielded from it as much as was possible, but it sure as feck nearly killed my parents. I can remember some very distressing events and I sincerely hope that we can avoid anything like it again.
If you believe in prayer then pray but most of all make what provision you can.
Sorry to put a dampener on the thread as I believe you wanted it to be light hearted. I just hope that I am wrong.
(My emphasis)
Could it be that you were also born into the crisis, and had nothing to compare it to? That you knew nothing different, and that all those who you lived amongst lived with the same plight?

My grandfather is 92. He has memories of the peak of the economic crisis back in the 30s.

He said that post-crash, and prior to the war, there were things to buy, but that there was little money in circulation. He stated that genuine [not relative] poverty was endemic. Hence the stories of boys attending school wearing their sister's hand-me-downs. He also stated that maybe society was smaller, tougher, less fattened, and more united in those days. He also mentioned the perniciousness of the current government in comparison to the merely inept one from before the war.
 
#16
Spot on Contrarian. It is only with hindsight and the relative affluence that I enjoy today that I am able to compare and contrast. But I still feel for them in some of the events that I now know they endured.

Economists have been saying for years that such a depression is impossible today as we know so much more about how the economy works. I hope that they are right, but with statements such as 'no more boom and bust', one wonders.

Good luck .
 
#17
basso said:
Spot on Contrarian. It is only with hindsight and the relative affluence that I enjoy today that I am able to compare and contrast. But I still feel for them in some of the events that I now know they endured.

Economists have been saying for years that such a depression is impossible today as we know so much more about how the economy works. I hope that they are right, but with statements such as 'no more boom and bust', one wonders.

Good luck .
I don't think it will get as bad as the 1930s. We won't see soup kitchens and people left destitute because we have better welfare provision now.

Interestingly, unemployment levels today, as the recession begins, are about the same as those that occurred at the hight of the depression in the 1930s.

We've also got the IMF now. Gordon is pretty close to running out of money so it's odds on that he'll be giving them a call before the next election. Dennis Healey probably still has their phone number from 1976 when our last Labour government called them in.

With an IMF loan comes strict terms and conditions. The IMF would stop Gordon's waste and profligate spending. Who knows, they may even stop our worthy socialist leaders buying vintage port at a thousand quid a bottle for the government's wine cellar while government owned banks are repossessing peoples' homes.
 
#18
Recession by arrse.
What Labour in it's latest version has given us is the Greatest Clock up in UK's history.
Yes I know that the rest of the world are going through hard times but UK was in the Sh1t before the Yanks screwed the worlds economy.
Labour, Gorden Brown, has incurred too much debt for the nation and now it is coming back to bite all of us.
The IMF just does not have the money to lead the UK, even if Bruin could return to reality and admit what he has done.
For the second time in my lifetime Labour has well and truly shafted the economy and that's without the Help of King George II.
john
 
#19
jarrod248 said:
dog_eatin_ot_chips said:
In 38 years this is my 4th "recession", do I get a medal?

1: The whole 70`s
2: The early 80`s
3: The early 90`s
4: 2009 and off we go again!
You mean the early and the late 80's.[/quote]

Now is the Winter of .......... oh why bother.

Fcuking Socialists :twisted:
 
#20
I have memories of:

1967 - Devaluation of the £
1970's - industrial unrest, Postal Strikes, Power Strikes, Coal Strikes, Rail Strikes and recessions. Shortages in shops
1979 - Winter of Discontent
1980's - Recession while trying to recover from a Disastrous Labour government.
1990's - Small recession by comparison to this one
2001 - Technology recession
2008 - Probably the closest thing we are going to get to a Depression like the 1930's thanks to Gordon's belief that he had abolished bust and wazzed hundreds of billions of borrowed money up the wall. The same Gordon Brown who sold our gold after announcing he was going to do it, thus causing the price to fall so that the taxpayer got the least benefit of it. The same Gordon Brown who failed to save some money from the good years to make provision for the Bust that he knew would come, that he told all those simple enough to believe him that he had abolished. The Same Gordon Brown who "helped" the poorest paid by increasing tax from 10% to 20% for the lowest paid employees. The same Gordon Brown who announced "British Jobs for British Workers" for those suckers who believed him, despite knowing that the various EU treaties prevented this from happening. The same Gordon Brown who was frightened of going to the country to get a mandate as Prime Miinister. The same Gordon Brown who has consistently under funded our Forces while committing them to 2 major wars, one of which was illegal and the other where "a shot will probably not be fired".
 

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