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Reg readers say ‘don’t panic’ about the economy

filey

i predict.... 

Posted Tuesday 23rd December 2008 20:42 GMT

Flame

lots more exploding pie charts

and what a waste of pie it is.

Charley

If I understand this correctly 

Posted Wednesday 24th December 2008 12:30 GMT

Stop

The common theme with these graphs is that they demonstrate what a bell curve looks like.

Around 30% (15% at either end) are either in full panic mode or couldn't give a stuff. The remaining 70% think that sooner or later things might get a bit tough, or they might not.

The only exception seems to be in responses from those who work for American companies in the financial sector who employ more than 5,000 employees, where they tend to skew towards the "We're all going to die!" end of the scale.

Who'd a thunk it.

Anonymous Coward

I am farily dubious about the results 

Posted Wednesday 24th December 2008 20:38 GMT

Everything hangs on retail.

And it is as dead as the proverbial dodo at the moment.

B2B B2C G2C all dead.

G2C is funded by B2C and B2B is powered by B2C, Business to Consumer is kaputzo has been for the last few months. And don't think for one moment that our export market will take it, the pound is still too strong, and there is nothing to export.

QED most businesses that are integrated in the old style ways and that are not flexible to adapt will be going tits up come the begining of 2009.

So, yes I would expect a lot more panic, new businesses are going to have to be formed to get us out of this economic quagmire, taxes have to be dropped, and there has to be massive layoffs in the public sector, sooner than later. If later it will just be larger, and the problems will last a lot longer, we are talking full on grand depression, and total breakdown of society.

So, if we wish to avoid slavery, or a full on revolution, the latter being more preferable, tax spend has to drop immediately, I vote we get rid of the NHS, reduce the police force, build up the military and go off and invade a few countries, but hey that approach only got us the British Empire.