Recession

villa2010

If Greece go officially bankrupt. Will this effect our economy...?

OptionARMAGEDDON

Bearing in mind the exposure of EU banks to greek debt, one would say, most definately.

villa2010

OptionARMAGEDDON wrote: »

Bearing in mind the exposure of EU banks to greek debt, one would say, most definately.

Do you think they will get another bail out....?

bo_drinker

We never got out of the 1st one did we ?? still in it as far as I can see. It is what it is, you can throw all the stats you like at it but we are still in the !!!! and will be for a long time yet.

villa2010

Has any body on here lost there jobs recently or is any one having to give their notice in.

Apparently we are heading in for a depression and not a recession.

" A recession is when you neighbour loses you job and a depression is when you lose your job"

Not a lot of people seem to be loosing their jobs at the moment in comparison to the retracting growth in the economy, Surely this is a good thing...?

Jimmy_31

villa2010 wrote: »

Has any body on here lost there jobs recently or is any one having to give their notice in.

Apparently we are heading in for a depression and not a recession.

" A recession is when you neighbour loses you job and a depression is when you lose your job"

Not a lot of people seem to be loosing their jobs at the moment in comparison to the retracting growth in the economy, Surely this is a good thing...?

Not a lot of people losing their jobs:rotfl:

I know apprentices who are being laid off along with everybody else in the construction industry.

Cleaver

Jimmy_31 wrote: »

Not a lot of people losing their jobs:rotfl:

I know apprentices who are being laid off along with everybody else in the construction industry.

Jimmy, it really must be difficult in the construction industry at the moment and I obviously have sympathy for anyone who has lost their job in any industry. But, whilst things aren't perfect, we have to remember that they're aren't 'a lot' of people losing their jobs. The one interesting aspect of this recession is that whilst people are seeing pay freezes or even salary cuts, unemployment hasn't risen that drastically.

I appreciate that there are certain industries, construction most definitely one of them, that has bit hit hard, but 'most people' have kept their jobs.

This isn't obviously me saying everything is sweetness and light, just providing a bit of realism.

zagfles

Cleaver wrote: »

Jimmy, it really must be difficult in the construction industry at the moment and I obviously have sympathy for anyone who has lost their job in any industry. But, whilst things aren't perfect, we have to remember that they're aren't 'a lot' of people losing their jobs. The one interesting aspect of this recession is that whilst people are seeing pay freezes or even salary cuts, unemployment hasn't risen that drastically.

I appreciate that there are certain industries, construction most definitely one of them, that has bit hit hard, but 'most people' have kept their jobs.

This isn't obviously me saying everything is sweetness and light, just providing a bit of realism.

Yes, there is no automatic reason why there should be lots of job losses in a recession. If people face the fact that the country isn't quite as rich as it was, and there isn't so much money to go round, so they might have to suffer a pay freeze or even cut, then there should be no need for job losses. I think most private sector workers have realised this, maybe time the public sector did instead of playing blame games...

Jimmy_31

Cleaver wrote: »

Jimmy, it really must be difficult in the construction industry at the moment and I obviously have sympathy for anyone who has lost their job in any industry. But, whilst things aren't perfect, we have to remember that they're aren't 'a lot' of people losing their jobs. The one interesting aspect of this recession is that whilst people are seeing pay freezes or even salary cuts, unemployment hasn't risen that drastically.

I appreciate that there are certain industries, construction most definitely one of them, that has bit hit hard, but 'most people' have kept their jobs.

This isn't obviously me saying everything is sweetness and light, just providing a bit of realism.

My statement still stands.

Another NW construction company is ready for going under pretty soon, around 400 employees work there.

Cleaver

Jimmy_31 wrote: »

My statement still stands.

Your statement around construction obviously stands, as it's a very hard hit industry. Your statement questioning someone who said that 'not a lot of people have lost their jobs' doesn't stand though, as most people haven't lost their jobs when you look at all industries.