Are you feeling the “recovery”?

bottled water Many of us have given up buying those things we liked when the world was hit with a global recession, but according to researchers at Mintel, a sign of economic recovery is that sales of bottled water go up.

And that’s not the only sign. In the last few days, there have been several reports saying the UK will join the US, Germany, France, China and Japan and come out of recession by the end of the year.

But for every report that brings good news, there’s another saying the opposite. And let’s face it, if people like you and me are still cautious about how much we spend, can we really believe things are getting better?

And what about jobs? Just today, there’s news that there could be 10,000 job losses in Europe after GM abandoned it’s sale of Opel. How many of you have suffered salary caps, bonus cuts or job losses? When politicians tell you things are looking up and recovery is in sight, does this ring true with you? Have your spending habits gone back to the way they were?

7 Responses to “Are you feeling the “recovery”?”

  1. 1 John P._N. California, US
    November 5, 2009 at 12:31

    The “recovery” is a complete sham. A massive media campaign of happy-talk designed to prop up consumer spending completely unsupported by the facts. A simple check of local governments sales-tax revenues or state and federal government payroll tax revenues will show that sales are flat and payrolls are dropping.

    The economy is there to serve people. People with no income or money to spend are not being served.

  2. 2 Nigel
    November 5, 2009 at 12:42

    Once again, if the fundamentals have not been dealt with, and the key one is greed, the symptoms might improve, but the patient is quite likely to have a relapse. I personally have seen no improvement and in fact in my business, income and profits continue to decline.

  3. 3 Jon
    November 5, 2009 at 13:51

    Totally agree with John and Nigel. I was absolutely incensed to see Alan Sugar’s response to questions about a “recovery”. How arrogant and ill-informed he must be, set away from reality by his “lieutenants”. Evidence indeed of pure hype. How can we be in recovery with numbers of job cuts emanating daily. I firmly believe that in the UK, the worst is still to come. More unemployment, less taxes paid, less consumer spending, resulting in further cycles of cuts, unemployment, taxes, etc. Perhaps with the falling £, its time to think about Britain as a “developing nation” and bring manufacturing back from Asia.

  4. 4 patti in cape coral
    November 5, 2009 at 13:58

    My home taxes and insurance went down because my property value went down, so there is a little more breathing room for me that way. Luckily, I’m not looking to sell my house, otherwise I would be in dire straits. My job is no longer giving out raises or bonuses. Most people at my job need the Christmas bonus to buy gifts, so there were no gifts for most people last year. Florida tuitions have gone up, so I now have to pay what the scholarships are not covering. Overall, I’m not feeling much of the recovery, just feel happy not to have lost my job when so many others have lost theirs.

  5. 5 scmehta
    November 5, 2009 at 14:24

    The general public, including the tax-payers and investors, are not feeling the said recovery; the common or ordinary citizens are still reeling under the crunch, not being able to balance their budgets, after losing all or most of their savings at the hands of the crooked and corrupt market players including most of the banks and business houses, and increasingly being burdened by the sky-rocketing price-rise, still rising, of all the essential commodities.

  6. 6 Roberto
    November 5, 2009 at 14:57

    RE “” according to researchers at Mintel, a sign of economic recovery is that sales of bottled water go up. “”

    ——- Former homeowners who used to turn on the taps at work and home for their water now have to buy it at the store from their panhandling proceeds.

    “Researcher at Mintel,” is it? Laughable really if they weren’t getting paid by corporate bosses to spin the world in the image of the corporate bosses.

  7. 7 Tom K in Mpls
    November 5, 2009 at 20:29

    It’s all in how you want to measure it. My small stock portfolio says it lasted about three months. My lack of a paycheck says it is far from over. More practically I think there is no measure. We had a boom based on a scenario that was not sustainable. Exactly like in 1929, some people believed that credit had no limit. Recently it was done around consolidation home loans. Now we are in fact restructuring how our society works. In other words, new lifestyles. So comparisons to activities of the recent past have no relevance.

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