Hands up economy making you sick?

gailey_2

Dont know if its just me but

I wake up in morning put on breckfast news its more bad news.

within the last month had

1)euro summit-save the euro?

2)shock greek referendum and chaos!

3)The g20 summit-again failed to sort themselves out.

4)greek bonds went up, pm forced out!

5)new power but bond market still not lowered and not sure if greece has actually finalised next bailout payment they running out of money soon!

6)bond markets move on to italy bercelesconi forced out!
seems poor day for democracy!
so they got new no elected powers and interest rates on bonds still high so problem not solved!

7)now bond market moved onto spain and france going up!

8)our bank of england reveiws our growth forcast.
admits they dont know whats happening tommorow.
more qe as its not working!

high unemployment figures!

channel 4news said germany wont act with ecb.

will they eventually?

how bad will it get

if contagion spreads will uk be next?

we certainly vunerable.

we sold northern rock at a loss!

theres no good news.

every cloud has silver lining cant find one.

every day I think what next.
Think should stop watching bbc news with gloomy peston and sky who over dramatise things.

c4 and newsnight seems best coverage but even thats gloomy.

I know I shouldent stress over what cant control.

But feel like its watching a financial car crash happening.

im 31 and cant remember everything being so uncertain with no real sense of authority as no one can agree its complete mess.

when they talk about lost decade I fear they right.
im just glad my eldest 5 and maybe by time she finishes school there maybe better opportunities.

illgetthere

I'm 31 too and i'm getting a bit wrapped up in the negativity, but you have to keep an eye on everything if not just to protect your assets.

I have 3 children and worry for their future. My decision has been to work hard and build up a so called 'head start' for them. I ask my parents whether previous recessions have bitten as hard and all i get is

"this hasn't even started yet"........

Happy days! Maybe its time to switch the tv/pc off...

doire_2

According to certain wallopers on here (hello Mr. Ree) its all in our heads.

purch

when they talk about lost decade I fear they right.

Yes.

When you remember that Northern Rock got into trouble in Sept 2007 the idea that the crisis could last at least a decade isn't so far fetched :eek:

ILW

I got a couple of nice orders this week, so can't be all bad.

Cleaver

gailey wrote: »

every cloud has silver lining cant find one.

The 'silver lining' is that all the things you list are things you can't really do anything about. So whilst you should obviously take an interest and take the necessary steps in your life to ensure you and your family are protected from the problems wherever possible, the next thing to do is just enjoy yourself. Enjoy your friends, enjoy your family, read some good books, enjoy the nice weather we've been having, count your blessings and just get on with life.

Here's a brilliant silver lining. If you're at home today or at work, pop to the shops hen you get a spare moment and spend a few quid on cake ingredients. Then tomorrow morning make some fairy cakes with your 5-year old. I guarantee that the joy from this will make you forget about Italy's presidential woes.

And on that note I'm off work today, so I'm heading out for a full english from the caff around the corner. How brilliant is that?

pqrdef

gailey wrote: »

im 31 and cant remember everything being so uncertain with no real sense of authority as no one can agree its complete mess.

Some highlights you missed then.

Sixties

Balance of payments crisis
Endless national strikes - railways, seamen, dockers, etc etc
Endless wildcat strikes dragging motor industry to near-destruction
Run on pound, devaluation from $2.80 to $2.40 overnight
Beer and sandwiches at Number 10
Bailouts of lame-duck industries
In Place Of Strife

Seventies

Industrial Relations Court
Prices and Incomes Board
Rolls-Royce bailout
Oil price crisis
Miners' Strike
Power cuts, candles and paraffin lamps
3-day week
Double-figure inflation
Winter of Discontent

Eighties

Collapse of manufacturing industry. No more bailouts.
Massive unemployment
Miners' Strike, again

And that's just the domestic economic news. In between times, there was always the Cold War, Cuba, Vietnam, the nuclear deterrent etc to worry about.

This is probably why some of us find it hard to take the present crisis seriously enough, though it's potentially much worse.

ILW

Cleaver wrote: »

Then tomorrow morning make some fairy cakes with your 5-year old.

Suppose would be a cheap option, but I think the more usual ingredients such as flour, sugar etc would taste better.

The_White_Horse

the silver lining is that the public sector are alright and there pension is still massive. plus, if you're on benefits you're also fine - the bad news for those on benefits is they are just getting a massive increase instead of a really massiive one.

that is the silver lining. makes me feel happy whilst I work for a 0% pay increase that the benefit brigade will "only" be getting 4%.

AliceJenkins

Just way to much negativity.

The fact the economy has risen since the crash, seems to delude this forum.

Generali

purch wrote: »

Yes.

When you remember that Northern Rock got into trouble in Sept 2007 the idea that the crisis could last at least a decade isn't so far fetched :eek:

.....and the more solutions put forward by Governments to bail out the indebted are enacted the worse things seem to get.

I'm starting to think that it's only when everyone is bust that they'll get the message. The solvent bailing out the insolvent is the contagion.