OMG - America says "No!"

posh*spice

Naughty_Sausage wrote: »

Hi All

I have to say that this has been a really interesting thread.

A blokie on TalkSport last night said that within 2 weeks, American companies will not have enough liquid cash to pay salaries. I work for an American Consultancy firm (employee benefits) but in the UK. Do you think that this will happen and so affect me?

NS x

Haven't heard it was that bad. Which consultancy firm do you work for?

rchddap1

And you think that the powers that be will tell us exactly how bad it is?

Its got to be bad if Labour, the Conservaties and Lib dems all announce they are going to work together.

Naughty_Sausage

Hi Posh
I am a bit reluctant to say who I work for - I like the anonymity of the internet! Sorry to be prudish.

Knowing my luck, it will be the first one to make all of its staff redundant!

OMG, Hope not. Am hyperventilating. Pass the paper bag. no redundancy cover, OMG.

posh*spice

Naughty_Sausage wrote: »

Hi Posh
I am a bit reluctant to say who I work for - I like the anonymity of the internet! Sorry to be prudish.

Knowing my luck, it will be the first one to make all of its staff redundant!

OMG, Hope not. Am hyperventilating. Pass the paper bag. no redundancy cover, OMG.

Truly (though proviso, as don't know who you are working for) I realllly don't think it's that bad yet. I truly have not heard anything like you have implied...and I think I would have..but I don't want to say what I do either:rolleyes: Don't panic...

Naughty_Sausage

I would go so far as to say I am a Pensions Administrator working in the south midlands.

sabretoothtigger

posh*spice wrote: »

Haven't heard it was that bad. Which consultancy firm do you work for?

If normal businesses cannot raise credit it has potential to be that bad.
The first from this to suffer were the hedge funds beginning of last summer, since then it has escalated and increasingly progressed through the layers of normally stable businesses.
I think it has the potential to jump the gap and start affecting any business that doesnt have large amounts of cash available


Mfi is probably iffy anyway but they cant pay the rent bill, figures are down and I doubt any bank is offering to help them
http://www.dailymail.co.uk/news/article-1063132/Credit-crunch-claims-victim-furniture-giant-MFI-struggles-survive.html

posh*spice

sabretoothtigger wrote: »

If normal businesses cannot raise credit it has potential to be that bad.
The first from this to suffer were the hedge funds beginning of last summer, since then it has escalated and increasingly progressed through the layers of normally stable businesses.
I think it has the potential to jump the gap and start affecting any business that doesnt have large amounts of cash available


Mfi is probably iffy anyway but they cant pay the rent bill, figures are down and I doubt any bank is offering to help them
http://www.dailymail.co.uk/news/article-1063132/Credit-crunch-claims-victim-furniture-giant-MFI-struggles-survive.html

I just wasn't aware that it HAD got that bad yet... MFI has always been iffy;)

mardatha

Isnt it funny how Gordon Brown keeps saying he will do everything necessary to sort this --and then doesnt do anything ?

posh*spice

Tonight

The U.S. Senate set a vote for tonight on a $700 billion financial-rescue plan, tying it to an increase in bank-deposit-insurance limits and tax breaks to win support from Republicans.

Ian_Griffiths_Halifax

mardatha wrote: »

Isnt it funny how Gordon Brown keeps saying he will do everything necessary to sort this --and then doesnt do anything ?

It's funny but it's not surprising.