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The Greatest Depression Under Way

2

Comments

  • MyLastFiver
    MyLastFiver Posts: 853 Forumite
    GDB2222 wrote: »
    Is it only me, or do other people think that the woman in the picture has an air of nobility about her?

    It's what makes it such a compelling photo IMO
    My Debt Free Diary I owe:
    July 16 £19700 Nov 16 £18002
    Aug 16 £19519 Dec 16 £17708
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    Oct 16 £17873
  • 1echidna
    1echidna Posts: 23,086 Forumite
    I just had a look at the 'Trends Research Institute' website. It advertises itself as being useful to corporate clients. Then a bloke (presumably their guru) appeared in a corner saying that the sub prime crisis was indicitive of the foundations cracking in the economy and that the whole edifice would collapse like the world trade centre. I am afraid I can't plan my personal situation to take account of this disaster scenario, not sure how his corporate clients can either. Call it scare mongering if you will or just a rather pessismistic analysis of the problems we face, I don't know, but am carrying on with my life anyway.
  • lukekelly_2
    lukekelly_2 Posts: 160 Forumite
    frazer.jpg
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Did he really say that if the Yanks drop interest rates then the USD will drop through the floor?

    Gerald Celente: Dollar will Fall 90 Percent

    His predictions for the first few months of last year

    We are confronting “dollar plummeting hysteria, monumental levels of debt, foreclosure, bankruptcy, unemployment, energy depletion, skyrocketing gas and food prices, illnesses treated without health insurance coverage—or just not treated, unprecedented levels of homelessness, and by all indications, within a few months into 2008

    Worth a look
    http://blogs.computerworld.com/fox_news_obama_gloom
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • geoffky
    geoffky Posts: 6,835 Forumite
    Forgive my ignorance but why should we give a t0ss if stock markets lose value? People who own shares accept that they could lose the value of their investment. And if my house plummets in value so will everyone else's, so it doesn't matter. And if currencies become unviable I'll be paying for goods in chocolate, whisky and cigarettes :D

    PENSIONS:cool:
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • MPD
    MPD Posts: 261 Forumite
    Part of the Furniture 100 Posts
    And if currencies become unviable I'll be paying for goods in chocolate, whisky and cigarettes

    Why would trade them, it's all you need to live on!
    After years of disappointment with get-rich-quick schemes, I know I'm gonna get rich with this scheme...and quick! - Homer Simpson
  • MyLastFiver
    MyLastFiver Posts: 853 Forumite
    I am told that back in the 90s the prostitutes in St Petersburg would do it for a pack of Marlboro...
    My Debt Free Diary I owe:
    July 16 £19700 Nov 16 £18002
    Aug 16 £19519 Dec 16 £17708
    Sep 16 £18780 Jan 17 £17082
    Oct 16 £17873
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I am told that back in the 90s the prostitutes in St Petersburg would do it for a pack of Marlboro...

    I my area of Manchester they currently do it for a pack of Superkings...
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Cleaver wrote: »
    I my area of Manchester they currently do it for a pack of Superkings...

    What! a full pack :eek:
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Lexxi
    Lexxi Posts: 2,162 Forumite
    StevieJ wrote: »
    What! a full pack :eek:

    Only if they're old enough to develop a 20 a day habit...

    Whatever happens to the financial climate it's not going to just stop (unless it's that bad and we are trading in whisky and chocs) so everyone will just going to have to ride it out and hope we've prepared sufficiently. I've found most of the articles written seem to have a lot of scaremongering in them.
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