Jump to content
Sign in to follow this  
GoldCoast

The economy is shit

Recommended Posts

rising inflation to about 3.7%income squeeze (don't expect much pay rise)slow spendinghigher energy priceshigher bills in general (bread, milk prices all on the rise)mortgage crisisno more interest rate cutsand dont forget how the government managed to f*ck up the income tax with the 10p scandal

Share this post


Link to post
Share on other sites
Guest Mickey Kane

Real hustlers keep it moving and find a way...

Share this post


Link to post
Share on other sites
Guest David Braund

my bank wouldnt give me a f*ckin loan today (although it did have alot with me being 18 and havin no credit history or some sh*t n no track record)... but still

Share this post


Link to post
Share on other sites
Guest Mickey Kane

This sh*t will only concern people who LIVE the 9-5 life.

Share this post


Link to post
Share on other sites

honestly just blame the banks and financial services in generalthey've overhyped the economy for years especially the housing sector. The slow down was expected but not at the scale.

Share this post


Link to post
Share on other sites
Guest Mickey Kane
This sh*t will only concern people who LIVE the 9-5 life.
which is most people
True, they're pissed.*goes bed because has to get packed out train in the morning to London Bridge for work*

Share this post


Link to post
Share on other sites

When you see the vast profits of oil, supermarkets, gas and electric companies it dont take much to work out were all the money is going. The increase in some services and products has been silly.

Share this post


Link to post
Share on other sites
When you see the vast profits of oil, supermarkets, gas and electric companies it dont take much to work out were all the money is going. The increase in some services and products has been silly.
very true, and the piss take is how much salary and fat bonuses these people receive for doing some easy job, always passing on the cost to the general population

Share this post


Link to post
Share on other sites

housing crisis shouldn't affect u unless ur in negative equity, but the media hype this sh*t up to sell more papers with sensationalist healines, it scares ppl, they stop spending money, and then the economy's growth slows - it's a self fulfilling prophecy.

Share this post


Link to post
Share on other sites
housing crisis shouldn't affect u unless ur in negative equity, but the media hype this sh*t up to sell more papers with sensationalist healines, it scares ppl, they stop spending money, and then the economy's growth slows - it's a self fulfilling prophecy.
the housing crisis affects you not only if neg equity, cos as a seller it is harder. and as a 1st time buyer its harder too, plus with inflation which most salaries can never meet, a person has less money to keep at the end of the month but still has to pay off the mortgage.

Share this post


Link to post
Share on other sites

3.7% inflation is not that bad when you consider the economic history of this country.I think during one part of the 80's inflation was running at between 10-15%.There will be homes struck by negative equity because some homes have been bought with 100% and 125% mortgages before the credit crunch (when both these services were withdrawn by banks) but this so called crisis is how bmc said it, rumour and sensationalist headlines will eventually be a contributing factor to the economic slow down that we will experience.There was always undoubtedly going to be a slow down in the UK economy but the media are not helping, a slow down could turn into a full blown recession if the government and other contributing forces don't watch their actions.You just have to look at Bear Stearns as an example, rumours emerged that they were running out of money (unsubstantiated) and much like northern rock they experienced some f*ckry crash where in the matter of days their share price fell from $150+ to $2.

Share this post


Link to post
Share on other sites
Any hype topic to look knowledgeable about economics. SHAME.
its a good thing to bring it to the attention of other forum members who may not be interested otherwise though.

Share this post


Link to post
Share on other sites
When you see the vast profits of oil, supermarkets, gas and electric companies it dont take much to work out were all the money is going. The increase in some services and products has been silly.
add banks aswell.HSBC wrote down £3.2bn for the first quarter of 2008.BALLIN

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×