Cruch to last at LEAST another 18 mnths

ultra10

http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=&xml=/money/2008/09/06/cncrunch106.xml

30% peak the bottom falls seem quite likely now !!! :eek:

ultra10

Crunch even

Barneysmom

So we have to all hold hands, help each other and keep smiling.
Don't let the !!!!!!s get us down, we got each other!
Support people who are going through bad times.
And all those who are making vast amounts of money off other folk's misery,what goes around comes around.

Let's get on with Money-Saving, really put your back into it, we'll pull through! xxx

Dithering_Dad

Barneysmom wrote: »

So we have to all hold hands, help each other and keep smiling.
Don't let the !!!!!!s get us down, we got each other!
Support people who are going through bad times.
And all those who are making vast amounts of money off other folk's misery,what goes around comes around.

Let's get on with Money-Saving, really put your back into it, we'll pull through! xxx

lol, lovely sentiments B, but hardly likely on the Housing 'ghetto' sub-board. I did a similar appeal just now asking that if the so-called 'doom mongers' insist on pasting in every scrap of negative financial data, they could at least add in their own 'recession survival gudelines'.

There are so many posters that are rubbing their hands together with glee at the thought of a recession that it makes one wonder why they're going to immune from the effects. If they have a secret stretegy for survival, then I for one want to share in it!!!!

amcluesent

Labour is now operating a 'scorched earth' policy to ensure the incoming Tory government is facing a totally wrecked economy, bankrupt public sector, civil unrest, floods of illegals and a trashed infrastructure.

Labour doesn't care a jot for England, all they care about is leaving a shambles for the Tories in hope that they will all be back with snouts in the trough in 2014.

Labour isn't working. Again.

Dithering_Dad

amcluesent wrote: »

Labour isn't working. Again.

Has it ever? I remember when this lot came in (with the economy nicely set up thanks to the outgoing tories) and promised that 'this time it will be different, no "spend, spend, spend", instead we'll have prudence and the 'golden rules'.

Hmnnn, a leopard can't change its spots.

lynzpower

lol, lovely sentiments B, but hardly likely on the Housing 'ghetto' sub-board. I did a similar appeal just now asking that if the so-called 'doom mongers' insist on pasting in every scrap of negative financial data, they could at least add in their own 'recession survival gudelines'.

To be honest, recession proofing oneself is part and parcel of the MSE movement - surely!

If you want info on
getintg out of debt *debt free wannabee forum*
reducing your energy consumption *gas & elec board*
getting the best deal when you do have to buy something *shop but dont drop*
usong vouchers *vouchers*
getting freebies *freebies board*
growing your own veg *green fingered*
stretching out your groceries *old style*
increasing income *up your income*

I fail to see how practical it is for everyone to post a full gamut of moneysaving tips in every thread. when there really is no need as there is a whole moneysaving site outside of this little portion of the website.

Dithering_Dad

lynzpower wrote: »

To be honest, recession proofing oneself is part and parcel of the MSE movement - surely!

If you want info on
getintg out of debt *debt free wannabee forum*
reducing your energy consumption *gas & elec board*
getting the best deal when you do have to buy something *shop but dont drop*
usong vouchers *vouchers*
getting freebies *freebies board*
growing your own veg *green fingered*
stretching out your groceries *old style*
increasing income *up your income*

I fail to see how practical it is for everyone to post a full gamut of moneysaving tips in every thread. when there really is no need as there is a whole moneysaving site outside of this little portion of the website.

While this is true and I have implemented a lot of these tips myself, I do feel it would be very interesting to understand which of them have been implemented by people who are so gleeful about a recession.

Surely even implementing all of the above will not save you if you lose your main job and cannot get another one in a recession? I know that many people have substantial house deposits saved up and so can tick along for a long time, but if they use up their deposits this way then they won't be able to afford to buy a house when prices bottom out.

Surely recessions are bad news for everyone?

Dan:_4

Dithering_Dad wrote: »

While this is true and I have implemented a lot of these tips myself, I do feel it would be very interesting to understand which of them have been implemented by people who are so gleeful about a recession.

Surely even implementing all of the above will not save you if you lose your main job and cannot get another one in a recession? I know that many people have substantial house deposits saved up and so can tick along for a long time, but if they use up their deposits this way then they won't be able to afford to buy a house when prices bottom out.

Surely recessions are bad news for everyone?

Good post.

Of course recession will effect everyone, unfortunaly for some regular posters they can't see beyond buying a cheap house - Infact some posters are obsessed with it. Maybe they should get their lifes in order, as you only live once, and there's no real reason why home ownership should be top of the priorty list.

mewbie_2

I don't have any tips about how to survive, but I have become aware of a simple fact, nothing clever like Generali's economic posts, or insightful really. It is this.

"If I lose my job I am f*cked"

Apologies for the swear word, but on this occasion it fits so well.

Dithering_Dad

mewbie wrote: »

I don't have any tips about how to survive, but I have become aware of a simple fact, nothing clever like Generali's economic posts, or insightful really. It is this.

"If I lose my job I am f*cked"

Apologies for the swear word, but on this occasion it fits so well.

I agree that sometimes a well chosen swear word can express more than a whole paragraph, and this is one of those times.

I assume that everyone is in the f*cked boat, hence my puzzlement at the glee that some people post concerning a recession.