Member Info for mattwales

USA Q1 GDP -4% Q2 -14%
Eurozone Q2 GDP -22%
Uk Q2 GDP -30%

If figures come close to -30% GDP for UK we unemployment rate 20% within those 3 month

thats my deramp anywhere remotely near those figures mass unemployment within 3 months

talks of a house with GDP of -30% we'd be at 20% unemployed

USA Q1 GDP -4% Q2 -14%
Eurozone Q2 GDP -22%
Uk Q2 GDP -30%

if their estimates are anywhere near true we will see mass unemployment within 3 months then who will buy from China.

JP Morgan suggest Q3 will rebound on Q2 which is laughable based on their estimates.

USA Q1 GDP -4% Q2 -14%
Eurozone Q2 GDP -22%
Uk Q2 GDP -30%

err its falling cos property devt is heading for the toilet buy at 28p like 2008 in 6-9 months.

USD currency outflows was just the start.
Then the panic of selling assets to get USD and away from margins etc.

it started as a banking liquidity crisis as soon as the US ran away from China and emerging markets causing USD shortages in these economies. This forced them to sell assets to pay for debts (usually in USD)

There already is contagion its why the FED dropping trillions to ensure dollars are around.

sorry conv I didnt know ud posted it.

10p by end of the week anyway it cant survive on 7% attendances.

https://www.bbc.co.uk/news/entertainment-arts-51925490

they are selling around 7% of seats for 1917 less for other shows at my nearest Cineworld.

odeon cutting prices heavily to £5.75 around the same footfall.

was in their Saturday it was quieter than usual anyone else go there?

has been loss making for 2 years this year wipeout

property crash already in swing in tourist place at residential auction in North Wales (properties down 60%+).
rents down 20-30% they will halve again when people with holiday flats dump them on the rental market.

its so bad out there people are dumping fishing/cruise boats already for what price they can because their self employed income from boats has died for the foreseeable future.

I expect commercial to be as bad which will impact property for a few years like 2007 on.

On a brighter note in a dismal landscape we'll probably have more flats in town centre' because all the busineses died.

first thing to go in a recession which is what we have nosed into.

news.sky.com/story/most-world-airlines-could-be-bankrupt-by-end-of-may-aviation-consultancy-11958150

now add everyone employed in tourism, transport, retail, leisure which will hit everything else like estate agents, car industry, banks (with debt implosion) and we're heading for a nasty deflation.

property sales down 33% car sales down 73% YoY every global market to follow as unemployment skyrockets.

on the back of whats happening an obvious commodities crash.

This is worse than 2008.

They can throw trillions at the stock market and the underlying issues of no one spending in the economy will still destroy the underlying economy.

The bull argument is Government stimulus spending yet no private builder China/whatever will build for sometime as the property market has died for Tourist areas and Commercial which will pull down residential prices everywhere.

We're not even a month into this here and coastal areas of North Wales are down 65% at auction and rents are down 30% and will fall another 50% because everyone with holiday flats will dump them on the rental market.

No Government is going to stop cinemas, restaurants, bars, retail, airlines, transport, tourist and commercial property dying.

By the time all of these businesses have gone bust we'll have so much spare capacity no one will build for 5 years.