Just do you know, you brought numbers into it first. ‘Our numbers line up with...’.
So don’t talk absolute rubbish about undermining their use in the first place.
I’m using investment bank research as a source, who in turn have access to the best sources of information that money can pay for, Ive got access to access to the opinion of leading epidemiologists on a weekly basis, and able to read expert opinion on the impact on the economy. It includes direct updates from previous chancellors and members of treasury select committees, as well as previous heads of the Bank of England.
The actions of the U.K. government are assessed constantly.
The numbers *are* important. And the opinion of those I’m listening to are valid.
And they are saying that mistakes have been made and people have died because of it. They are saying that the slow reaction means that the lockdown measures need to be in place longer. And that because we aren’t well placed to track and trace that we are likely to see more of a W shaped recession (which increases the likelihood of actual redundancies and more than just furloughed employment).
everyone can be wrong but I’m guessing their sources and their opinions are much better informed than yours.
There seems to be a variance of opinions on how bad the economic fallout from this will be
Some are saying a V shaped recovery,some are saying a U shaped recovery and some are saying a W shaped recovery and worst estimates are an L shaped recovery
Bank of England saying worst recession in 300 years and the ECB and the FED saying worst since the great depression.
Some car manufacturers are saying they could go to the wall and the Airline industry is in chaos on both flights and manufacturing side
KBC are saying today a 12% drop in house prices this year in Ireland with maybe another 5% next year
Garages expecting a lot of PCP cars to be repossessed and a firesale of current stock
Irish central bank saying banks will have to be more prudent with loans and mortgages to prevent another 2008 Financial sector crash.
Irish banks cutting value of houses for new mortgages by 10% meaning either a price drop or a much bigger deposit required
Pension funds set to take a hammering and commercial property market set to go into free fall due to WFH becoming the norm
Twitter have announced all workers can continue to WFH for ever
What are the people in the real know saying ???
I heard one Irish economist saying this will make the crash of 2008 look like a blip.