The Last 5 Major Uk Recessions

Realy

neverdespairgirl wrote: »

I don't think you knew he was 59 at the time, he'd just said you were retired.

I'm dyslexic too, if I'd noticed you being taken the !!!! out of for it, I'd have joined in, aimed at me (-:

It was Out Of Order, in my opinion.

I gathered he was younger as he said he had retired and passed his business on to his capable sons. (also you knew before making you post)

I could have been unemployed woud he have not been out of order?

Were you not out of order making out I was a racist and anti gay?

A lot of people are out of order he was and you were too. just depends how you view things dosen't it?;)

PS I still stand it being a joke, and not even scratching the surface of the abuse on here that is tolerated by most.

StevieJ

neverdespairgirl wrote: »

I don't think you knew he was 59 at the time, he'd just said you were retired.

I'm dyslexic too, if I'd noticed you being taken the !!!! out of for it, I'd have joined in, aimed at me (-:

It was Out Of Order, in my opinion.

I bet he doesn't think he is an old git at 59, always good for the defensive play though.

Realy

Pobby wrote: »

Dunno how many of you have really known a recession or indeed been affected by one. The first that I really recall was in the 70`s, a lot of steel towns were badly hurt, oh yes I was forgetting the 3 day week under Heath. I am not sure that places like Coventry really ever recovered. After the Tories ran a poster campaign in `79 ``Labour isn`t working. One million unemployed`` the Thatch then went on to make sure, within a few years, that it was 3 million without jobs. I lived in the south east and was in a very well paid job, most of the pain was being absorbed by the the heavy industry areas.

Now the 90`s recession was a lot more nationwide. I had just started a new business and boy was it scary. I had thrown away a background of being pretty much mortgage free in my 30s to being well in debt with a fledgling business. We survived but the stress was dreadful.

Seeing businesses going under, folks losing their homes and family breakdown is far from fun.OK, as most of you know I am one of the oldest and fundamental property bears on the forum but the last thing I would do is take pleasure in the fact that there will be (possibly) a lot of pain.

Be very careful what you wish for. Yes the madness of HPI is a fact and sadly there will be a pretty huge devaluation of house prices in my opinion but spare a thought to the families that are being adversely affected by this. Not everyone who bought last year was a "muppet". Not all are as savvy as some of the posters here. Heck I know of friends not that much younger than me that have high mortgages.

If you notice my post above earlier I say that I am keen to give up decent interest on my savings, heck I would say no interest at all if it would save the pain of some of the things I saw in the last recession.

It`s a shame that things have gone this way but I guess it had to happen. Borrowing/lending has got so out of control and there has to come a time when this is paid for or rather it isn`t.

I wish all of you the best in these very unsettling times.

Pobby

Top post.
I wish you all the best also.:beer:

StevieJ

Pobby wrote: »

Dunno how many of you have really known a recession or indeed been affected by one. The first that I really recall was in the 70`s, a lot of steel towns were badly hurt, oh yes I was forgetting the 3 day week under Heath. I am not sure that places like Coventry really ever recovered. After the Tories ran a poster campaign in `79 ``Labour isn`t working. One million unemployed`` the Thatch then went on to make sure, within a few years, that it was 3 million without jobs. I lived in the south east and was in a very well paid job, most of the pain was being absorbed by the the heavy industry areas.

Now the 90`s recession was a lot more nationwide. I had just started a new business and boy was it scary. I had thrown away a background of being pretty much mortgage free in my 30s to being well in debt with a fledgling business. We survived but the stress was dreadful.

Seeing businesses going under, folks losing their homes and family breakdown is far from fun.OK, as most of you know I am one of the oldest and fundamental property bears on the forum but the last thing I would do is take pleasure in the fact that there will be (possibly) a lot of pain.

Be very careful what you wish for. Yes the madness of HPI is a fact and sadly there will be a pretty huge devaluation of house prices in my opinion but spare a thought to the families that are being adversely affected by this. Not everyone who bought last year was a "muppet". Not all are as savvy as some of the posters here. Heck I know of friends not that much younger than me that have high mortgages.

If you notice my post above earlier I say that I am keen to give up decent interest on my savings, heck I would say no interest at all if it would save the pain of some of the things I saw in the last recession.

It`s a shame that things have gone this way but I guess it had to happen. Borrowing/lending has got so out of control and there has to come a time when this is paid for or rather it isn`t.

I wish all of you the best in these very unsettling times.

Pobby

Good thoughts, and I second your sentiment.

One point about the Tory poster campaign, do you remember the one about Would you like these (Labour) in charge in 1984 (being a play on Orwell)?
24 years out but bang on all the same.

neverdespairgirl

Realy wrote: »

Were you not out of order making out I was a racist and anti gay?

I didn't. I said you were making fun out of immutable characteristics.

There's not much point in discussing this further. I think you were bang out of order. You don't.

Realy

neverdespairgirl wrote: »

I didn't. I said you were making fun out of immutable characteristics.

There's not much point in discussing this further. I think you were bang out of order. You don't.

neverdespairgirl wrote: »

It wasn't remotely funny. Do you "joke" about people being black or gay as well as "old"?

Sorry you did.

I don't argue you may have been offended (but you seemed to ignor every insult I received, and the fact it was a joke.)

But I don't like it that you point out my faults but don't acknowledge your own.
I would class accusing somone of being anti-gay or racist is far worse than the tonge in cheek joke I made.

Pobby

You know seviej, that`s so true. Slowly did they introduce the state engineering with frightening results. Hey hope you have sorted out your recycling, gotta have the right things in the right bags.

Realy

Realy wrote: »

No we are employed trying to help retired old people remember things and how to deal with them.;)
Did you forget what board you were on this is help the aged.;)

If anyone did find the toung in cheek coment offensive to an early retired 59 year old I am sorry. (very fortunate guy in my opinion)

But I have also done the following research for you.
Do not watch any british comedy.

Laughing at uncle Alberts "durin the war" = Only fools and horses.

The abuse of the old in steptoe and son! "you dirrty old man"

Sterotypical old people and verbal abuse of the young Dads army. (Stupid boy)

Also the sheer abusive title of one foot in the grave.

I have complained to ofcom and most programs on the telly will be removed.

The good news is the BBC will be able to give more money to documentaries.

David Attenborough is happy (you know the dirty old man who watches animals make love.:rotfl: )

If no one can see it was tonge in cheek sarcastic humour.

Do not watch TV if it features an over 40 year old, it will contain the same humour.

SingleSue

!!!!!!? wrote: »

No, I'm simply giving you the stats. According to the AA survey, prices had increased between Oct 2007 and Oct 2008. The Oct 2008 stats were the most recent I could find.

You may well have noticed a price drop locally compared to 12 months back but can you actually remember the exact price of fuel that you were paying in November 2007 by the way? I can't - I just remember that it started to rocket around Nov/Dec all the way through to a couple of months back.

I would say that my diesel now is still more expensive than one year ago but I couldn't quote you what I was paying in Nov 2007. That's where the AA figures come in.

You would be right on the diesel, it was sub £1 a litre this time last year but is still £1.07 (filled up this morning) now, this is of course local to me which is my only way of measuring it as it is the only place (apart from once a year elsewhere) that I refuel.

Petrol on the other hand is getting very close, if not equal to what it was this time last year. (Again locally to me)

SingleSue

StevieJ wrote: »

Worth planning for when entering a recession.

Believe me it's not!

You do not want to be unemployed and at the mercy of the benefits system at any time but certainly not at times of recession when cost of items are increasing (despite what some are saying, food prices are still very high as are gas and electric) and you have no way of upping the income via overtime, extra shifts, christmas bonuses etc to cover it all.

The money coming in remains static for a year and then any increase is in line with OFFICIAL inflation, which as we all know, bears no relation to the real inflation figure.

In the last recession, due to high inflation, my salary was increasing (inflation plus extra) each year more than what my outgoings were..or so it seemed anyway and we were not feeling any pain whatsoever. It was even at the stage that we couldn't understand why some people were moaning about increases in food and fuel...to us, it barely touched our disposable income each month and in fact, we had more during the recession than before it! Oh what a joy it was to receive pay rises of £4k+ etc (sounds small now but relative to my salary it was around 17-26%, with 17% being the smallest payrise and 26% the highest) and one time I even managed to double my salary by moving job!

I am not saying we need high interest rates, far from it as I agree with both camps in this discussion. Lower interest rates are needed to help everyone with a mortgage but for those who do lose their jobs (and there will be an awful lot who already have or will be), it really doesn't make that much difference...their mortgage payment will be a lower amount each month but that lower amount will still be more than they can afford. For those with savings, it is also a bummer time, their savings are not growing at a particularly good rate, especially with the erosion of what their pounds can buy due to the hidden inflation (well hidden to the government anyway).

Not everyone has savings or an earnings protection policy, the money paid out by the welfare system IS only the interest part and 13 weeks is an awfully long time to be worrying about it...and of course there is also talk about interest only mortgages being discontinued, so where would that leave those unfortunate enough to be on down on their luck through a job loss and have taken a job...any job so they are earning.

I suppose you could say I am sitting on the fence between the two camps as I can see both sides to the arguement! :rotfl: