This Recession
- Thread starter mackenzie
- Start date
jimharri
Moderator
What recession Sharon?mackenzie said:
jimharri
Moderator
Aye; and a three day week don't help any, either.bluealf said:
GStar
Well-Known Member
It pisses me off that this was brought on by the fat cats at the top lending to people/businesses who clearly couldn't afford it.
Then after the best part of 8 months calling it a "Credit Crunch" we're now told; "We'll be in recession next year". As far as i can see we're already in one and we've been here for a while.
Then after the best part of 8 months calling it a "Credit Crunch" we're now told; "We'll be in recession next year". As far as i can see we're already in one and we've been here for a while.
bluemoon27
Well-Known Member
i was thinking of asking the government to bail my business out,but i get this funny feeling they will tell me to fck off
maineman
Well-Known Member
we need a revolution and now, capitalism at its greedy worst
lastmanback
Well-Known Member
- Joined
- 24 Aug 2007
- Messages
- 2,171
what i can't understand is while all this was going
on in the banks and lending agencies, where the fu*k
was the financial regulator and why are they not getting
sacked or jailed ?
on in the banks and lending agencies, where the fu*k
was the financial regulator and why are they not getting
sacked or jailed ?
It can't be called a recession, it has to be branded you see.
"Credit Crunch"
"7/7"
"9/11"
"War on Terror"
All major events have to be branded these days, so it can't just be called boringly a 'recession'.
But isn't it weird, I mean, it's all come about because banks made bad loans. I can't see the link between a bank selling a mortgage to someone who can't make the payments every month and big national companies making staff redundant and every sector not employing people anymore. I know they're all linked, but the connection isn't clear initially is it? Can it be that recessions are simply accelerated and worsened by talking about it happening?
"Credit Crunch"
"7/7"
"9/11"
"War on Terror"
All major events have to be branded these days, so it can't just be called boringly a 'recession'.
But isn't it weird, I mean, it's all come about because banks made bad loans. I can't see the link between a bank selling a mortgage to someone who can't make the payments every month and big national companies making staff redundant and every sector not employing people anymore. I know they're all linked, but the connection isn't clear initially is it? Can it be that recessions are simply accelerated and worsened by talking about it happening?
GStar
Well-Known Member
scall1 said:
Deffinately, it's all about confidence... Share prices sky rocket in "boom's" as people have more disposable income, see the prices going up and are confident it will continue.
In recession rumours run rife and a lot of shareholders get scared and begin selling thereofre demand plumits quickly as does the share prices. Look at the stock exchanges recently, so volitile; people don't know what to do, some people are scared it's all going to the wall others are picking thier companies carefully for the future... it's like a Yo-Yo. The FTSE sky rocketed the day interest rates were cut if i remember rightly, then dropped most of the way back down after a week.
kronkonite
Well-Known Member
- Joined
- 25 Apr 2007
- Messages
- 2,313
oh come on that is a ridiculous theory
where are all these fucking billionaires hiding their ill gotten gains?
asset strip the fuckers and share their money out ,we 'll spend it and save the economy -the rich just like to sit on mountains of cash whilst laughing at us scrimping
hedge funds ,derivatives, futures markets just creative accouting on an epic scale
just unburden us of debt instead of Bailing out the banks just so they can start ripping us off again
where are all these fucking billionaires hiding their ill gotten gains?
asset strip the fuckers and share their money out ,we 'll spend it and save the economy -the rich just like to sit on mountains of cash whilst laughing at us scrimping
hedge funds ,derivatives, futures markets just creative accouting on an epic scale
just unburden us of debt instead of Bailing out the banks just so they can start ripping us off again
BlueMo'
Well-Known Member
Oil is now around 50 odd dollars a barrel from a high of 150 dollars. They were quick enough to pass on the increase, the fckers are not so quick to pass on the reduction.