UK retail sales rocket up in June - 3 times analysts expectations

baileysbattlebus

Joeskeppi wrote: »

Most people have always had cash to spend they've just been too scared/worried to spend it.

I think people are just getting bored of being frugal.

We're two of those people - always had the cash - the mortgage has reduced too (very nice - though it wouldn't have made us go out and spend any more than normal) - though we have had this mortgage for over 16 years - and haven't mewed or hewed.

Our spending did decrease a bit for while at the back end of last year - wasn't sure if the world as we knew it was going to end - it didn't. We may eventually come out of the recession to a different, more austere world - but life goes on.

I think what some people forget is that not everyone bought at the peak, not everyone has a mortgage of 6 x salary, not everyone released equity to fund their lifestyle. Not everyone was struggling or going to struggle, not everyone will lose their jobs.

For some people this recession is going to be horrendous and for some it won't. In that respect I don't think it will be much different from past recessions. The cause may be different - the recession itself might the worst in the history of the world - but it won't affect everyone in the same way. The economy may or may not recover to previous levels, house prices may or may not return to previous levels - who knows.

A lot of people rent and a lot of people own their homes outright. A lot of people may have lived beyond their means - but equally a lot of people didn't.

Everyone's circumstances are different and I think some contributors to this board lump eveyone in together and always assume people with mortgages are mortgaged to the hilt or up to their eyeballs in debt.

wolvoman

baileysbattlebus wrote: »

We're two of those people - always had the cash - the mortgage has reduced too (very nice - though it wouldn't have made us go out and spend any more than normal) - though we have had this mortgage for over 16 years - and haven't mewed or hewed.

Our spending did decrease a bit for while at the back end of last year - wasn't sure if the world as we knew it was going to end - it didn't. We may eventually come out of the recession to a different, more austere world - but life goes on.

I think what some people forget is that not everyone bought at the peak, not everyone has a mortgage of 6 x salary, not everyone released equity to fund their lifestyle. Not everyone was struggling or going to struggle, not everyone will lose their jobs.

For some people this recession is going to be horrendous and for some it won't. In that respect I don't think it will be much different from past recessions. The cause may be different - the recession itself might the worst in the history of the world - but it won't affect everyone in the same way. The economy may or may not recover to previous levels, house prices may or may not return to previous levels - who knows.

A lot of people rent and a lot of people own their homes outright. A lot of people may have lived beyond their means - but equally a lot of people didn't.

Everyone's circumstances are different and I think some contributors to this board lump eveyone in together and always assume people with mortgages are mortgaged to the hilt or up to their eyeballs in debt.

Please don't come on here and spout all that sense.

purch

Everyone's circumstances are different and I think some contributors to this board lump eveyone in together and always assume people with mortgages are mortgaged to the hilt or up to their eyeballs in debt

Perfectly true.

And the number who have lost their Job is far smaller than those who havn't.

The economic situation might not be particularly bright, but people will still have money to spend.

Economic activity won't dry up completely, just because some people think the World is about to end !!!!

inspector_monkfish

baileysbattlebus wrote: »

We're two of those people - always had the cash - the mortgage has reduced too (very nice - though it wouldn't have made us go out and spend any more than normal) - though we have had this mortgage for over 16 years - and haven't mewed or hewed.

Our spending did decrease a bit for while at the back end of last year - wasn't sure if the world as we knew it was going to end - it didn't. We may eventually come out of the recession to a different, more austere world - but life goes on.

I think what some people forget is that not everyone bought at the peak, not everyone has a mortgage of 6 x salary, not everyone released equity to fund their lifestyle. Not everyone was struggling or going to struggle, not everyone will lose their jobs.

For some people this recession is going to be horrendous and for some it won't. In that respect I don't think it will be much different from past recessions. The cause may be different - the recession itself might the worst in the history of the world - but it won't affect everyone in the same way. The economy may or may not recover to previous levels, house prices may or may not return to previous levels - who knows.

A lot of people rent and a lot of people own their homes outright. A lot of people may have lived beyond their means - but equally a lot of people didn't.

Everyone's circumstances are different and I think some contributors to this board lump eveyone in together and always assume people with mortgages are mortgaged to the hilt or up to their eyeballs in debt.

nothing like stating the bleedin obvious.
thank-you:D

inspector_monkfish

purch wrote: »

And the number who have lost their Job is far smaller than those who havn't.

well thats nothing new!

how about numbers being employed, is far less than those being made unemployed

Graham_Devon

purch wrote: »

And the number who have lost their Job is far smaller than those who havn't.

Really? Wow, and people say were in a recession! Fools! We aint even got 49% unemployment yet!

Thrugelmir

A not insignificant fact

Shops have also brought forward their summer sales

Next alone would have boosted sales figures. :rolleyes:

inspector_monkfish

Thrugelmir wrote: »

A not insignificant fact



Next alone would have boosted sales figures. :rolleyes:

mind you - did the winter sales ever end??

Generali

I don't really understand why so many are being so aggressive towards Graham_Devon. It's bullying IMO and pretty shameful. Every time he posts 4 or 5 posters seem to jump in to rubbish each word using all the tedious arguments like picking up on grammar or misrepresenting his posts.

Ok, so a few of you disagree with him. Ganging up on individual posters is pathetic. If you drive away each person who disagrees with your views you end up with HPC or Singing Pig - a boring smug board.

It's what was done to !!!!!! too not so long ago. Pitiful.

inspector_monkfish

Generali wrote: »

I don't really understand why so many are being so aggressive towards Graham_Devon. It's bullying IMO and pretty shameful. Every time he posts 4 or 5 posters seem to jump in to rubbish each word using all the tedious arguments like picking up on grammar or misrepresenting his posts.

Ok, so a few of you disagree with him. Ganging up on individual posters is pathetic. If you drive away each person who disagrees with your views you end up with HPC or Singing Pig - a boring smug board.

It's what was done to !!!!!! too not so long ago. Pitiful.

don't get personally involved Gen. GD is a big boy, he can fight his own battles, and generally it seems he enjoys coming back for more....