The credit crunch...Debt and the federal reserve

[The Pink Panther]

The News at Ten lady reporter tells us that the problem is, if people keep mentioning recession we'll talk ourselves into one.

There is an element of truth to that.

Yes there is, but after her telling us this her collegues at News at Ten devoted a third of the programme to it.

 

[Dave H]

Lol... don't worry, i saw the irony.

 

[mackenzie]

I know of two time served plumbers that have registered as unemployed this last week. I have honestly never known that before.

 

[kippax_blueboy]

I know of two time served plumbers that have registered as unemployed this last week. I have honestly never known that before.

There must be work for plumbers.

 

[mackenzie]

I know of two time served plumbers that have registered as unemployed this last week. I have honestly never known that before.

There must be work for plumbers.

You would assume so, but obviously not for these two.

Both situations related to site work that stopped very quickly due to money issues.

 

[Kinkys Blue Socks]

Yes it is as bad as they say. I got made redundant last week. I was an Independent Mortgage Adviser. It's gonna get worse aswell.

I'd just like to publicly apologise to Blacksheep as well when he said how bad it was a few months back. I shot him down as being a drama queen. He was 100% right. Unreserved apologies blacksheep.

 

[mat]

We are in a recession, a Labour MP admitted it to me yesterday but browns too shit scared to say it publicly.

 

[denislawsbackheel]

You say we are in a recession. I don't think we are yet. How do you define a recession?

 

[mackenzie]

You say we are in a recession. I don't think we are yet. How do you define a recession?

Well, if left to those who should know (business/financial analysts) it will happen in about 3 months.

 

[Big G]

By 09 we will be, by 2014 we will be crawling out of 1.