It is different this time Posted January 19, 2008 Share Posted January 19, 2008 http://news.independent.co.uk/uk/this_brit...icle3350908.ece The week the economy turned nasty Retail sales plummet; gas and electricity prices soar, further eating into already squeezed disposable incomes. Can we still hope for just a mild downturn, or will it be one of the big, searing ones like those of the 1970s and early 1990s? One thing seems certain: outright recession – with job losses, bankruptcies and home repossessions surging – looks a lot more probable this weekend than it did just seven days ago. Many will lose their jobs with little hope of finding a new one on comparable pay in the immediate future, and those who bought on 100 per cent mortgages at the top of the market will find themselves in negative equity. Even for those whose jobs survive the implosion it will not be comfortable. As many are already finding, mortgage repayments are rising steeply despite falling interest rates as two-year fixed deals taken out when rates were abnormally low are replaced by more expensive packages. not bad enough? Me thinks it is 'End of era for Brown's corrupt economy' Quote Link to comment Share on other sites More sharing options...
Realistbear Posted January 19, 2008 Share Posted January 19, 2008 Agree. Brown's true legacy is about to emerge. He will be out by Spring with a GE by early summer. Quote Link to comment Share on other sites More sharing options...
symo Posted January 19, 2008 Share Posted January 19, 2008 (edited) I am opening a bottle of champagne tonight. Celebration that I have been right in saying this has becoming for over 2 years and no-one (apart from the people on here when I found this site) believing me. Also minor triumph over the war with the VI in the last quarter of 2007 who pulled out all the stops to try to carry on this rapidly decling asset class. Edited January 19, 2008 by symo Quote Link to comment Share on other sites More sharing options...
ezekiel Posted January 19, 2008 Share Posted January 19, 2008 Free DVD - wow! Quote Link to comment Share on other sites More sharing options...
BandWagon Posted January 19, 2008 Share Posted January 19, 2008 (edited) Free DVD - wow! Familia Rodante. That doesn't look depressing. Looks similar to "Little Miss Sunshine" ? Edited January 19, 2008 by BandWagon Quote Link to comment Share on other sites More sharing options...
yawnIHateSundays Posted January 19, 2008 Share Posted January 19, 2008 Shouldn't the Daily Excess be offering free prozac, not sanatogen? Quote Link to comment Share on other sites More sharing options...
29929BlackTuesday Posted January 19, 2008 Share Posted January 19, 2008 Free DVD - wow! That IS good - they can be quite expensive. DVD deflation. Quote Link to comment Share on other sites More sharing options...
jac Posted January 19, 2008 Share Posted January 19, 2008 surely it's time to buy when the broadsheets are screaming recession? i'm talking stocks here rather than bricks and mortar. Quote Link to comment Share on other sites More sharing options...
Errol Posted January 19, 2008 Share Posted January 19, 2008 surely it's time to buy when the broadsheets are screaming recession? i'm talking stocks here rather than bricks and mortar. Ok, after you ... Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted January 19, 2008 Share Posted January 19, 2008 Where's Brown with his stimulus package ? Quote Link to comment Share on other sites More sharing options...
0q0 Posted January 19, 2008 Share Posted January 19, 2008 Familia Rodante ! Ace! Quote Link to comment Share on other sites More sharing options...
ezekiel Posted January 19, 2008 Share Posted January 19, 2008 completely off topic I know but I can't stand Ben Fogle. How come he's popped up on the front page of the Indie? And in Venezuala? I'm not sure where he comes from but he seems to be paid just to go to nice places and talk in front of a camera (sometimes with a dog). The guy is a fist-magnet. Quote Link to comment Share on other sites More sharing options...
0q0 Posted January 19, 2008 Share Posted January 19, 2008 (edited) completely off topic I know but I can't stand Ben Fogle. How come he's popped up on the front page of the Indie? And in Venezuala?I'm not sure where he comes from but he seems to be paid just to go to nice places and talk in front of a camera (sometimes with a dog). The guy is a fist-magnet. It's because the girls fancy him and also, as you can guess, in media it can be an old network that gets people jobs/assignments, old friendships etc, like anywhere else. Not saying it's in this case as I don't know that, but it happens for other journalists - that's how they get their work. EG Polly used to work under Features with Sue who is now freelance but knows Ted on staff at The Daily Comet and his wife was at writing school with Louise who's done some really good pieces for her local free sheet... Sometimes people just get lucky and go from zero to well-known through hard work plus a bit of being right place, right time. At a recording for a broadcaster I was in the audience and heard the celeb say quite publicly that she shot to fame after sending in loads of scripts that got nowhere until she temped for the company and they noticed her when she shone from within (my words, not hers). Probably a Google search might reveal who I'm on about. But in the main in journalism and celebrity, you'd be surprised at how they all know each other from way back. Some of that's great like with Cambridge Footlights, but other times it means they get the limelight just because they can. Edited January 19, 2008 by The Last Bear Quote Link to comment Share on other sites More sharing options...
FernandoMorientes Posted January 19, 2008 Share Posted January 19, 2008 I had to snigger this morning seeing this knowing full well the glee that the corresponding thread would generate. I don't know if anyone else here feels almost guilty that forecasts of recession are becoming reality but I have been saying this to some friends and now it (recession) seems ever more likely feel less inclined to talk about it for fear of upsetting them. Our political leaders and corperate financiers have done a fine job screwing over the average person thats for sure. Quote Link to comment Share on other sites More sharing options...
jimmylad Posted January 19, 2008 Share Posted January 19, 2008 I am opening a bottle of champagne tonight. Celebration that I have been right in saying this has becoming for over 2 years and no-one (apart from the people on here when I found this site) believing me. Also minor triumph over the war with the VI in the last quarter of 2007 who pulled out all the stops to try to carry on this rapidly decling asset class. I think I'll join you....................................... My sentiments exactly. I STR'd at the end of Aug (thanks to info from here over last 18 months) put my money in a high interest account & rent in the med. ALL my friends & family thought I was mad. One of the things people always used to say was " So & so went off to France 5 years ago ya know & can't afford to come back now blah blah blah." One inparticular who is a very good mate is a buy to letter & I just daren't mention all this to him. I don't think he even knows whats coming................ Should be interesting as he's coming for a holiday to visit in summer. Must dash as my email has just popped up saying you have some good news from the national lottery...................... probably £8 off the euro millions Quote Link to comment Share on other sites More sharing options...
Mega Posted January 19, 2008 Share Posted January 19, 2008 Got a spare glass for me? I am just a bloke from Liverpool who got a small Architectural engineering company (we make fittings for glass). I watched in horror as house prices rocketed, i live in a small flat that's almost rent free as i look after the protey for the landlord. Every year i watched this bulsh*t machine spin faster & faster, i watched factory after factory shut and those jobs "Out sourced". I knew something BIG would come, it was not untill i read "Crash proof" by Schiff that i began to understand just why & how. I saved, in invested in Gold/Euro's/Overseas stocks and watched every fool go out and buy BIG, Big house, Big car, Big clothes..................Well all that "Front" is over..............only people like me will have wedge and OH BOY am i going to enjoy it! I thank Gordon for:- Blowing up this bubble Going to China to save the banking system...................thus my savings. With in a short time the £ will crash & £1 will = E1...............i will have made a packet! Then i need a house well aways from Liver-fool or Gun-chester or any other inner city free fire zone, nope i be atlest 100 miles from the DMZ! Thank you Gordon, Thank you New Labour i couldn't have done it with out you! Mega Quote Link to comment Share on other sites More sharing options...
bearORbullENIGMA Posted January 19, 2008 Share Posted January 19, 2008 Agree. Brown's true legacy is about to emerge. He will be out by Spring with a GE by early summer. Er, I think they'll just do what the Conservative did last time....take the glory for the boom then explain the bust as a world recession & then get voted back in again, the public being non the wiser. Quote Link to comment Share on other sites More sharing options...
FernandoMorientes Posted January 19, 2008 Share Posted January 19, 2008 The public will be wiser, they are the ones going to be affected, I hope this is the end of Labour for good but doubt it the populace of the UK are simply to thick to vote differently. Er, I think they'll just do what the Conservative did last time....take the glory for the boom then explain the bust as a world recession & then get voted back in again, the public being non the wiser. Quote Link to comment Share on other sites More sharing options...
petetong Posted January 19, 2008 Share Posted January 19, 2008 Should be interesting to see if the Guardian come out with a similar message, somehow I doubt it Anyway, where's patprimer, the forums new liebour cheerleader ? Probably emigrating Quote Link to comment Share on other sites More sharing options...
conifer Posted January 19, 2008 Share Posted January 19, 2008 (edited) The public will be wiser, they are the ones going to be affected, I hope this is the end of Labour for good but doubt it the populace of the UK are simply to thick to vote differently. Despite recent polls the Tories are also more or less finished for good so without Labour who's left? The LibDems? If there is an election soon and the Tories win, they'll be facing the same economic and social problems as we have now. Labour has basically been following Tory polices during most of its time in government so that would leave Cameron with nowhere to go with no tools or handbook for getting us out of a recession! Edited January 19, 2008 by conifer Quote Link to comment Share on other sites More sharing options...
FernandoMorientes Posted January 19, 2008 Share Posted January 19, 2008 I am not getting into a political argument as all sides have extreme faults and issues, also I have no loyalty to politicians of any persuasion to warrant my time or effort arguing on their behalf. However, it's quite beyond my comprehension given Labour's abysmal history in Government and fiscal policy how anyone would vote for them, their history is as bare as Newcastle United's trophy room, you are voting for what is essentially back door socialism.....which has a record of dire failure where ever it has spread it's ghastly wings of doom. Tory policy has been hijacked to an extent by Labour it is true, but then it just goes to show how bare, incompetent and misguided Labour policy was in the first place. In regards to Torys, one thing I will say for Major's administration is he left the economy in sound health for this Labour government and he made a point of telling them this when he left office, 'not to ruin what we have'! Well 10 years down the line and having spent and spent and spent....and sold everything (including Gold at record low's economic mismanagement at it's finest) and what do we have left? An economy on the precipice of a catastrophic fall, an incompetent chancellor as PM and a Labour party so devoid of idea they are selling whats left (ohh manufacturing down to 12% of GDP now under Labour, another roaring success for UK plc.....NOT!) TO BLOODY CHINA!!! As I said I hope this would be the last of the Labour party and the British to wake up once and for all to see this scheming lying anti-British propaganda machine for what it is.....but this will not happen to many are oblivious still to the pending trouble, the country as we know it has disappeared, the British people will ultimately only have themselves to blame for letting charlatans run the country for such an extended period of time. Despite recent polls the Tories are also more or less finished for good so without Labour who's left? The LibDems?If there is an election soon and the Tories win, they'll be facing the same economic and social problems as we have now. Labour has basically been following Tory polices during most of its time in government so that would leave Cameron with nowhere to go with no tools or handbook for getting us out of a recession! Quote Link to comment Share on other sites More sharing options...
Guest happy? Posted January 19, 2008 Share Posted January 19, 2008 http://news.independent.co.uk/uk/this_brit...icle3350908.ece not bad enough? Me thinks it is 'End of era for Brown's corrupt economy' There's a free DVD! Quote Link to comment Share on other sites More sharing options...
marianne Posted January 19, 2008 Share Posted January 19, 2008 if we are not too belive what we read in the papers are we to belive these headlines? i am confused Quote Link to comment Share on other sites More sharing options...
FernandoMorientes Posted January 19, 2008 Share Posted January 19, 2008 I think the relevance of this is making people who would not normally be aware, aware of the economic issues that are out there. Don't forget that people on here and elsewhere have seen this coming months in advance so it's hardly a scoop! if we are not too belive what we read in the papers are we to belive these headlines? i am confused Quote Link to comment Share on other sites More sharing options...
Guest happy? Posted January 19, 2008 Share Posted January 19, 2008 if we are not too belive what we read in the papers are we to belive these headlines? i am confused You're meant to believe only those headlines and that evidence which is consistent with the party line. All contradictory evidence is to be dismissed. Quote Link to comment Share on other sites More sharing options...
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