(Buckle up) Recession for more than a year

[hilts]

You obviously have. The FTSE has averaged a growth of +7.38% (with dividends reinvested) over the last ten years. The S&P index has averaged +14.7% growth anually over the last 10 years.
Anyone who invested in shares (or pension fund) during this time must have made money. Now the correction is coming then it will grow again.

Bloody care workers complaining whilst sitting on shares, you can't trust anyone.

 

[abu13]

There are going to be so many people out there who have never been through an extended period of high inflation and increasing interest rates. There are going to be months if not years are hardhip for people who may have over stretched themselves and been living close to their limits.

 

[PPT]

Bloody care workers complaining whilst sitting on shares, you can't trust anyone.

Eh?

 

[Mazzarelli's Swiss Cheese]

There are going to be so many people out there who have never been through an extended period of high inflation and increasing interest rates. There are going to be months if not years are hardhip for people who may have over stretched themselves and been living close to their limits.

A lot more people with multiple mortgages and already extended to their borrowing limit than last time we saw this too.

 

[denislawsbackheel]

my 5 year fixed mortgage rate runs out next year (end of November) am i screwed ?

Renegotiate a new 5 year fix now

 

[Xhavenjoe]

Manchester’s GDP is on the up. The second fastest growing in Europe to be precise.

We've haven't been pipped to the top by Liverpool , have we?

 

[Kompany Car]

A lot more people with multiple mortgages and already extended to their borrowing limit than last time we saw this too.

Got to say that those who are genuinely poor I have a lot of sympathy for, particularly those with kids and on minimum wage or benefits.
As for those who have taken a gamble with money that they dont have and are leveraged to the hilt, buying multiple properties or cars they cant afford, well thats the risk you take unfortunately.

 

[dickie davies]

my 5 year fixed mortgage rate runs out next year (end of November) am i screwed ?

No. but your sister in law will be when you take her up the arse, just before setting fire to your house

 

[Gabriel]

 

[i kne albert davy]

A good time to visit the UK from the States as the £ is crap at the moment

Yep we had some great hols in States when Dollar was crap, swings and roundabouts.