The EU is phooked...

[1959_60]

Aye Sinkov.

The figures released yesterday were awful. Let's hope the "experts" have got it wrong, eh?

I still feel that there is enough about us to get back to somewhere near normal within a year though - even though the nation will be paying back the bill for ages.

For instance, it is being mentioned that a large percentage of pubs, clubs, cafes and restaurants won't be reopening.

But there are enough people who will fill the gaps in short order. Assuming the market is still there then the supply will soon follow.

The same is true for many other sectors of the economy.

With not a lot of money sloshing around, perhaps the more classy end of the market will suffer most, while the cheap and cheerful bits will do very well.

Footy will be an interesting one. I think it will be OK at the highest level (Sky may actually do well with less people going to matches but watching footy on the telly instead) but the lower league clubs may suffer badly.

We are good at adapting to the new norm, and although certain things may change, we will soon get used to it.

[sinkov]

All I know 59 is that for the last ten years I've been reading that if another crash came we'd all be in the mire. The two big weapons, lowering interest rates and printing money (QE) had been fired, there were no weapons left in the armoury. The next crash has duly arrived so we'll see whether the prophets of doom were right. I suspect they might be, but what do I know.