Turn off the T.V. & stop buying newspapers.

robsta_2

The sad truth to this recession, as with most problems we have, is that it has been propelled into life by the great gullable British public.

Im not saying that there weren't certain problems already, but for most of us we are unafected by those, for example- i know a lot of people, and i don't know anyone who is looking to move/buy a house, i don't anyone who needs to borrow vast sums of money from the bank, and i don't know anyone who has that much money in the bank they stand to profit significantly from high interest rates. I don't even know anyone who has lost their job. Sure, these people exist, but it probably doesn't count for the majority of us.

In fact, i bet most people (apart form those poor few who have lost their jobs), if they get over the media hysteria for long enough to think about it, are actually better off than this time last year. Petrol is down, mortgages are down, shop prices are down.

The media loves to whip up a storm, and the British public lap it up. So MFI, Woolworths and Zavvi have gone bust? MFI managed to go bust when the kitchen industry was thriving! Woolworths had no USP and no sense of direction- what did people go there to buy? These companies didn't go bust over night, its been years of mis-management. Zavvi started to struggle (apparantly) because its main supplier was Woolworths distribution arm- when i was Christmas shopping people were cueing out of the doors.

The latest announcement was Christmas sales figures were the worst on record. But based on what? Units sold? Turnover? Profit? I couldn't move for people in any shop i went in throughout December. The media manipulates everything, and if it was up to me i would impose a black-out.

The bottom line is, this recession will continue, and get worse, for as long as people let it. Keep hold of your money, by all means, and create more job losses until it is eventually your own.

I, for one, am living life as normal.

brit1234

You forget one crucial element. Housing is far too expensive and the sooner it crashes back to 3.5 times salary the sooner we can recover.

If the recesion means affordable housing for all again then it is surly just bad tasting medicine which the economy and future generations.

Remember small recessions are good for the economy as they produce a more susstainable climate resulting in a stronger environment. We should of been allowed to of had a recession years ago rather than preventing it using debt which was always going to imploded with bigger consequences.

Roll on the price crash.

Remember the more bad news now the sooner things will bottom out. The more it is denied the longer and more harm it will do.

Hector-The-Inspector_2

small recessions are good for the economy

WOT! take a deep breath and blow into this until I tell you to stop.

Masomnia

brit1234 wrote: »

We should of been allowed to of had a recession years ago rather than preventing it using debt which was always going to imploded with bigger consequences.

I find that quite interesting, and I think I maybe agree to the principle. You know, I read some theories a while ago about the sinking of the Titanic, that they should have hit the iceberg head on, because then the damage would only have been to the front of the ship, which would've been more managable. Or, they shouldn't have closed those water tight doors, so it would've sunk on an even keel, and sunk much more slowly so they could've been rescued in time.

My point is that no one in their right mind would suggest it, even if it does prove to have the best outcome. No one's going to appreciate losing their job while the economy's booming because it's 'for the greater good', because we 'need a recession' and the economy needs to contract. Not least because any attempt to slow growth would mean more regulation/government intervention, which would only be met with cries of 'Nanny state this! Nanny state that!'

purch

Keep hold of your money, by all means, and create more job losses

Isn't that what you are advocating in the title ???

Stop buying Newspapers and all the newspaper workers will be out of work, stop watching TV and the same there too.

Thanks for your help !!!!

skap7309

robsta wrote: »

Keep hold of your money, by all means, and create more job losses until it is eventually your own.

A crucial point missed here. Personally i (like many others on here) am saving for a house. All spare money is going into my deposit and until i have said house unfortunatley i will not be buying the cheap plastic tat that comes over from China and keeping said economy ticking over. If housing was not so expensive then i would be out buying.

I agree with the above that a downturn is a good thing as it will kick this 'economy built on debt' into touch.

This is a very expensive country to live in and up until now if someone wanted to buy non-essentials it would usually be put onto credit cards etc. Unfortunatley UK PLC has shot itself in its foot there.

Really2

mbga9pgf wrote: »

Stubborn sellers, you are SCUM you are making people unemployed.

I cant wait for you to get removed from the site.
why can't you make a point without an insult. (the truth is you would not buy untill you think prices are at there cheapest. So what any seller does is irrelevent to you as you are not looking.

Dithering_Dad

brit1234 wrote: »

We should of been allowed to of had a recession years ago rather than preventing it using debt which was always going to imploded with bigger consequences.

My God, I'm actually in agreement with something brit says, and indeed was 'holding court' in the office yesterday and saying exactly the same thing.

I'm going to have to lie down, I feel a little faint. _pale_

chucky

mbga9pgf wrote: »

Yep. If house prices werent so high I wouldnt have to save so hard and make all those people redundant!

Stubborn sellers, you are SCUM you are making people unemployed.

Or maybe not.

Sorry rob, you need to get your facts straight. We lived through a credit boom of epic proportions. We sowed the wind. We reap the whirlwind.

people even Thank his posts!? err why???

Really2

chucky wrote: »

people even Thank his posts!? err why???

Perhaps I should thank him, the more he keeps up his insults and swearing at poster the faster he can be removed.:D

purch

Or maybe not.

err............did you miss this part ??