Projected outlook gets gloomier

treliac

http://news.bbc.co.uk/1/hi/business/7799886.stm

Simon Woodroffe, the entrepreneur who founded the Yo Sushi chain, told the BBC: "There will be major disasters on the High Streets right throughout the year.
"This recession will put lots of people out of business.
"I think what will happen is that it will take a lot longer to recover and blow a lot deeper. I hope there will be a change in attitudes and we start to look at what really makes us happy."

If it heralds the end of the 'Me, Me, Me' society, some good could come out of it.

Masomnia

I think he's just bitter because he isn't a Dragon anymore

[Deleted User]

Things will get a lot lot worse than most people can only imagine or rather they don`t imagine, as they have heads deeple buried in sand. Look at the throngs at the sales and look at what they are buying, handbags and other non-necessary items and I should think that a fair few are upping their debts

I am quite familiar with the stock market and things are looking incredibly bad going forward. The seeds of a recovery didn`t survive and that is a very scary scenario

Davesnave

Like Treliac, I think much good will come from this recession if it moves us away from consumption just for the sake of show, and hollow lives built on purely material aspirations.

There's little doubt though, that these 'benefits' will come at a huge cost to many who never participated in the consumer boom in the first place, both in this country and in developing regions. The latter will possibly suffer most of all, though it is hard to know what, other than life itself, those in total poverty can have taken from them. As funds dry up and people look to protecting their own, it could well come to that.

Dithering_Dad

kittie wrote: »

Things will get a lot lot worse than most people can only imagine or rather they don`t imagine, as they have heads deeple buried in sand. Look at the throngs at the sales and look at what they are buying, handbags and other non-necessary items and I should think that a fair few are upping their debts

I am quite familiar with the stock market and things are looking incredibly bad going forward. The seeds of a recovery didn`t survive and that is a very scary scenario

That's what I was thinking yesterday when it reported the Boxing Day sales on the news. I saw some woman who described herself as a 'shopping addict' and who had bought her boyfriend a load of tat, clothes and aftershaves for 'bargain' prices.

I turned to the missus and said, "If I were her boyfriend, I'd rather she just gave me the money, It'll be useful when he's made redundant next year". Oh, how we laughed.

Pobby

I saw some photo of a woman shopping and had been waiting for the shop to open. It would seem that she bagged "a must have". A handbag that had been reduced from £1,000 to a mere £500. I said to my wife " Don`t get any ideas love, that bin liner of yours will last at least another year" Oh, how I laughed. Um, she didn`t !

amcluesent

Power cuts soon enough as well. Our crumbling power stations and our European 'friends' jacking up gas prices again.

With the meager buying power of the ££ forget about imported luxuries.

Clown ££ billions and billions of debt will need repaying, anyone waged will be bled white with taxes. And householder will be 'punished' too with Labour's tax bombshells.

Crime will be skyrocketing again.

England is finished. If you can, get out now.

crazygaijin

amcluesent wrote: »

Power cuts soon enough as well. Our crumbling power stations and our European 'friends' jacking up gas prices again.

With the meager buying power of the ££ forget about imported luxuries.

Clown ££ billions and billions of debt will need repaying, anyone waged will be bled white with taxes. And householder will be 'punished' too with Labour's tax bombshells.

Crime will be skyrocketing again.

England is finished. If you can, get out now.

Why just England or even the UK for that matter. This crisis is all over the world.

besonders1

crazygaijin wrote: »

Why just England or even the UK for that matter. This crisis is all over the world.

Absolutely!

besonders1

amcluesent wrote: »

Power cuts soon enough as well. Our crumbling power stations and our European 'friends' jacking up gas prices again.

With the meager buying power of the ££ forget about imported luxuries.

Clown ££ billions and billions of debt will need repaying, anyone waged will be bled white with taxes. And householder will be 'punished' too with Labour's tax bombshells.

Crime will be skyrocketing again.

I Can't believe shops offering all these discounts and encourages spending on luxuries that people don't really need,

Is it supposed to be some fancy way to celebrate the end of the "Boom Era" before we all get hit with the huge bills, job loses and possible repossession.

mizzbiz

besonders1 wrote: »

I Can't believe shops offering all these discounts and encourages spending on luxuries that people don't really need,

Is it supposed to be some fancy way to celebrate the end of the "Boom Era" before we all get hit with the huge bills, job loses and possible repossession.

Was thinking the same myself. Wonder how much of yesterdays purchases were made on credit card!

I'd feel sick to the stomch paying for a 'bargain' £500 handbag + 28% next christmas. It just shows as well what kind of mark-ups have been propping up the retail industry for 15 years when they can afford to slash items by 70%, which will be around their break-even mark.

I wonder if we'll see an end to retail park hell and a return to the high street once volumes drop back down to normal levels. Afetr all, you don't need a warehouse sized shop and overheads associated when only people with hard cash are shopping.