DoctorJ

In my town, if people stopped spending all their money in the coffee shops the other retailers may be able to survive!

I'm already seeing this in my high street. some shops being shut down in my high st (Hertfordshire) but normally occupied within a couple of months....usually hairdressers! DrJ

Apparently 8% rates are possible Edit: I mean 8% rates are manageable

Is this a systemic fail?

What do they want; a bailout or a default?

35% wiped off commercial property. Is this the good or the bad stuff?

This is what the Germans planned all along - pick up some nice islands during the repo-fest that is about to take place.

There is a range in price depending on various factors but a rough average based on my observations is a 10% drop. They are almost as cheap as 2 beds in my area; bit weird.

I wish Popf would update his 'snows of K winter' thread. I'm feeling like I need the insight at the moment. As for house prices: in my area (Herts) prices are definately dropping slowly making me reconsider a purchase. I would estimate that prices have dropped from about 270k to 240k in the last two months for 3 beds.

they will get a bailout

Peston tweeting that this is a hoax. shame.

I couldn't say, but from the sounds of it, having a mortgage demoninated in swiss francs is a bad idea.

The new slogan to replace "Greed is good" is now "I PRAY FOR RECESSION"

a 139% chance of default

what would the headline be? "Greece defaults causing financial armageddon and rises in costs of foil and beans"