Monday, 15 June 2009

Secondary wave of recession

The patterns of the recession are desperately difficult to predict but with the press starting to suggest the recession is getting better I cannot see this myself.
With the general conditions in the financial markets stabilising this may be the case for the big end of the market but I think in the small end the true force of the recession has yet to wash through.
The general public seem to be cutting back in many areas but I wonder how long it will take for there to be a shortage of for example: cars, as no one seems to be buying them new. A shortage will mean stronger prices for used cars and less people being able to afford them. Maybe not a bad thing in the long run, but I think not everybody is ready for this...

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