leveller Posted January 13, 2009 Share Posted January 13, 2009 link I like the quote "Many hard-pressed customers couldn't be seduced into spending." Is that a problem? We're not being seduced into borrowing and spending? Gordon's attempts at getting us into bed with him aren't working too well. Not enough free pints and paper bags in the world. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted January 13, 2009 Share Posted January 13, 2009 BBC very off message with this, Mandy will have to have words. "The results highlight a frightening deterioration in the UK economic situation." If after having a fundamentally strong economy we are in this position christ knows how bad things would have been with a highly indebted economy. Your avatar is highly distracting Quote Link to comment Share on other sites More sharing options...
GregG Posted January 13, 2009 Share Posted January 13, 2009 HPC gets a mention here too. http://news.bbc.co.uk/1/hi/business/7795672.stm Quote Link to comment Share on other sites More sharing options...
Realistbear Posted January 13, 2009 Share Posted January 13, 2009 http://news.bbc.co.uk/1/hi/business/7825213.stm UK economy downturn 'frightening' Business leaders warn of 'bleak' 2009 Business leaders have painted a bleak picture of the UK economy, with a survey suggesting a "frightening deterioration" towards the end of 2008. The British Chambers of Commerce (BCC) said its survey results were "awful" and the worst since it began in 1989. Elsewhere, a separate report suggested it had been the worst December for UK retail sales in at least 14 years. On 23 January, official figures are set to confirm the UK is in recession with six months of negative growth. Nothing like putting the frighteners on the sheeple. But TBH, I think everyone is already terrified. I am hearing first hand reports from people I know about job losses so it must be hitting home now for everyone. The Brpwn "lets borrow even more" plan has failed so it looks like a decade of austerity ahead. The good news? House prices will be laid to waste. Forget 50% down from peak--that is where it will be THIS year with several more years of drops ahead. Quote Link to comment Share on other sites More sharing options...
Quagmire Posted January 13, 2009 Share Posted January 13, 2009 (edited) Wow, usually Auntie Beeb likes to sprinkle a few glimmers of hope in an article, but that is truly grim reading. The 'd' word is even mentioned twice. The only positive point is "it was not worse than the 1980s", but not long ago they were saying it wouldn't be as bad as the problems in the 90's. If you ask me its going back to the 70s and civil unrest. oh and Giggity Leveller. They are quite hypnotic. Edited January 13, 2009 by Quagmire Quote Link to comment Share on other sites More sharing options...
VeryMeanReversion Posted January 13, 2009 Share Posted January 13, 2009 I'm not frightened, I'm prepared. Thanks HPC. VMR. Quote Link to comment Share on other sites More sharing options...
Lander Posted January 13, 2009 Share Posted January 13, 2009 linkI like the quote "Many hard-pressed customers couldn't be seduced into spending." Is that a problem? We're not being seduced into borrowing and spending? Gordon's attempts at getting us into bed with him aren't working too well. Not enough free pints and paper bags in the world. Are they for the Netto shoppers to wear? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted January 13, 2009 Share Posted January 13, 2009 Wow, usually Auntie Beeb likes to sprinkle a few glimmers of hope in an article, but that is truly grim reading. The 'd' word is even mentioned twice.The only positive point is "it was not worse than the 1980s", but not long ago they were saying it wouldn't be as bad as the problems in the 90's. If you ask me its going back to the 70s and civil unrest. oh and Giggity Leveller. They are quite hypnotic. Civil unrest seems on odds on certainty at the moment. Being a bailiff could become very dangerous work pretty soon. I'm not frightened, I'm prepared.Thanks HPC. VMR. Really You have a private army at the ready to protect yourself? Quote Link to comment Share on other sites More sharing options...
Austin Allegro Posted January 13, 2009 Share Posted January 13, 2009 I hope this opens your minds that there are other places to invest your money other than property. Erm...thanks. Is the commercial break over now? Sir Terry sounded genuinely depressed about this story on the Beeb this morning. After the news he said 'how am I supposed to cheer people up after that?' Quote Link to comment Share on other sites More sharing options...
leveller Posted January 13, 2009 Author Share Posted January 13, 2009 Nothing like putting the frighteners on the sheeple. But TBH, I think everyone is already terrified. I am hearing first hand reports from people I know about job losses so it must be hitting home now for everyone.The Brpwn "lets borrow even more" plan has failed so it looks like a decade of austerity ahead. The good news? House prices will be laid to waste. Forget 50% down from peak--that is where it will be THIS year with several more years of drops ahead. The conversations I have been having over the last couple of months with friends and family, compared to a year ago, is quite different now. Very few thought house prices would drop, let alone by the amount that they have / will, and now that's coupled with all the other bad news, sentiment is switching like a virus. oh and Giggity Leveller. They are quite hypnotic. Your avatar is highly distracting That's the idea, to remember what's important in life Quote Link to comment Share on other sites More sharing options...
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