Tap To The Top! EFT Workshops & Training with EFT Master Ann Ross ::
Even though they say that we're heading for recession and then I believe it and feel those credit crunch blues and I start to think about all the things I
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with thought and planning, could it actually be better for us?
As bad as who thinks? How bad do you think it is? At the moment it is slightly worse than you think, but thankfully you don't know how bad it is going to get.
The banks have stopped lending... to each other! Basically whatever you call your own at this point in time is what you have to play with, . What you can do with that is limited only by your own ingenuity. But anything promised to you (pensions, investments) is gone with the fairies.
I fear that people are underestimating it...and thinking that it is a blip.
It COULD be worse than you can imagine. If the banks don't get sorted, the trickle down effect will leave people with useless currency and no jobs. That is recovered quickly.
I think with thought and planning we could help ourselves to a certain point, but things could easily get worse and there is little we can do about it. Those who can do something either won't or they'll make things worse/take their time and it will be us that pay for it FOXNews.com - Billionaire Investor Carl Icahn on Global Sell-off ::
Oct 27, 2008 I really think that we - - the basic problem that we have is CAVUTO: It's not a bad idea. I will tell you, Carl, it is not a bad idea.
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Oxdown Gazette » Depression Economics Explained: The Credit Crunch::
Oct 17, 2008 Here we turn to the "credit crunch." Norm: There are a few things I don't understand And it turns out that they're really bad planners.
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The reality of what has and is happening will not be truly felt until the next administration, the financial landmines that have been laid out, are set to go off well after Bush leaves.
Is the credit crunch a 'media myth'? - Ecademy::
Jun 19, 2008 However, things are really not as bad out there as certain areas of the The credit crunch may or may not be a 'media myth' but what
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CREDIT CRUNCH::
Is the time right to release a credit crunch album? I think a credit This time we have had a long period of growth, followed by a bust so bad that it
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Right now they have been throwing money ( money we don't have) at a problem, more money can't fix.
The next administration will not be able to fix the problem, as the land mines set during the past eight years, will continue to detonate throughout the length of that individuals term.
Then add to that the ineptness of both candidates we have to choose from, and it's a recipe for schitt lasagna..
Everyone thinks/hopes that the housing market and the Stock Market will rebound soon, well it'll have brief moments of the appearance of a recovery, but it won't last.
Get ready for the schitt to really hit the fan long about February, right about the time the cost of food starts reflecting the crop damage from the floods, and the increase costs associated with importing what we can't provide for ourselves...
Oh there's much more, but I think you get the picture...
It's worse than you think....
If the media, particularly television, would stop pushing it down our throats all the time, most people wouldn't even know there was a problem. They are just making things worse.
If your working no or on benifits
I've bought cheap shares. So far the credit crunch is only positive for me!
No, it's only really starting. Unfortunately people are being made redundant or shops are closing down now on a daily basis. The larger building firms are about destitute and have laid off their own and sub contracted staff. Not even selling off the builders land bank will help them as most of it was purchased using bank loans and they're still paying interest on them with little or no income. February is when things will really start to bite and there will be less money in the economy. That profligate idiot Brown and his side kick Darling think that borrowing more money and spending it is the way out of our nations troubles - what sort of an example are they to people who can't manage their debts now? Absolute disgrace!
People should learn self control and live within their means.
I am bored to tears about the credit cocking crunch. I literally just bought a belt on diesel.com for £155. I really don't need it but I do like it and I like to think I am sticking two fingers up at Gordon Brown, whom I hold responsible for this credit crunch and the enormous tedium it causes having to listen to it being talked about in the news all the time.
It is bad - and only just starting - have a look at the shops that are closing - on Sunday I noticed two closing down sales - This is two months before Christmas - that is bad!! Remember a shop will do almost a 1/4 of its years trading in December and it obviously cannot secure funding until then!!
January - June next year are going to be the worst for since the early 90's. Consumers will have no money to spend leading to business closing leading to redundancies leading to consumers having less money - you get the idea?
The good news is that inflation is on its way down (oil is down, food is on its way down, and gas and electricity will go down early next year) and interest rates will follow but it will be the middle of next year at the earliest before we see an improvement.
 What dress should i wear for an interview ?
 Financial Representative =Insurance salesman?
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Credit crunch.....is it really as bad as we think?