Meltdown Monday !..Thousands loose Jobs!

ultra10

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/09/15/bcnmeltdown115.xml

Perhaps people will finally realise that we are in the Sxxt !! It will take a long time to recover from this, house prices will fall by 30% plus, unemployment will sky-rocket.. quite possibly we will enter a depression, we are already in a Recession, there will almost certainly be riots on the streets of u.k towns as social tensions come to the boil !! ... but on a positive note, I will be here to cheer you all up :T

PasturesNew

LOSE their jobs!

clobber_2

Pastures, did you apply for a job at Lehman Bros?



just wondering...

Pobby

Riots in the Uk! No chance. The government will beam Big brother 24 hours a day and everyone will be glued to their tellies!

Walletwatch

ultra10 wrote: »

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/09/15/bcnmeltdown115.xml

there will almost certainly be riots on the streets of u.k towns as social tensions come to the boil

This is what I am most worried about currently, and I don't consider this far-fetched at all. While I still maintain that the lot at LB and ML can look after themselves and get another job, I am not so sure this will be the case with others if this were to get worse. Being from India, I am expecting this to take on racist overtones and considering I am here with wife and kid (second one due early next year), am seriously looking at moving back although in principle, I would like to stand up to any such nonsense.

tomstickland

PasturesNew wrote: »

LOSE their jobs!

Good point, well made.

tomstickland

One of the things I've been fascinated by is when or how economic pressure will finally cause the boiler to burst with regards to unyielding petty bureacracy. I'm thinking of privatised parking companies charging people who are 1" over a kerb etc, or fines for being 1 day late with car tax. Must be loads of other little things that have been nibbled away during the good times.

Debt_Free_Chick

Will AIG make it?

If they don't, then that will be really interesting

:eek: :eek:

amcluesent

>cause the boiler to burst with regards to unyielding petty bureacracy<

Yep, for every worker we had an army of risk assessors, 'elf'n'safety inspectors, diversity monitors, management consultants etc. etc. Once there was the illusion of wealth to pay for all this non-productive overhead. The Chinese showed is what's needed for the Olympics - everyone grafting!

Walletwatch

Debt_Free_Chick wrote: »

Will AIG make it?

If they don't, then that will be really interesting

:eek: :eek:

If I were to wager, I would say they will make it... simply because from the firm's own side, they are a much better diversified set of operations, so they stand a better chance to pull through on their own... secondly, the authorities would be more agreeable to rescuing them since they are an insurance outfit and hence, their failure would be more detrimental to the common man (thus eating into the ruling party's vote bank).

dad-of-4

Debt_Free_Chick wrote: »

Will AIG make it?

If they don't, then that will be really interesting

:eek: :eek:

nah i can see man utd shirts saying chapter 11 before the year is out:rotfl: