Happy Birthday

chewmylegoff

Dan: wrote: »

The only place the term 'credit crunch' is used these days is this forum and HPC.co.uk

and constantly, pretty much every day, in the mainstream media.

http://www.google.co.uk/search?hl=en&gl=uk&tbm=nws&btnmeta_news_search=1&q=%22credit+crunch%22&oq=%22credit+crunch%22&gs_l=news-cc.3...11469.14156.0.14344.0.0.0.0.0.0.0.0..0.0...0.0...1ac.

grizzly1911

wotsthat wrote: »

My average mortgage rate dropped to 2.5% in April 2009 and hasn't moved since. It was 5.48% in January 2009.

I'm not sure what problem you're referring to but I saved every penny of the difference at savings rates above my mortgage rate. No problem here and I don't think I'm unique.

One of the careful, astute, lucky ones.

No doubt many more have just diverted their "saving" to paying ever more for energy food, and fuel and making up for the lost income from tax claw backs.

fc123

Thrugelmir wrote: »

Today is officially the 5th anniversary of the credit crunch.

Where has the time gone? Given that the same problems remain.........

Thanks for the reminder, I hadn't realised..... but we were having a chat with someone only the other day about the 'start' being the run on NR.

Turned out to be a bit of a blessing for us in many ways though the actual crunching we endured for about 16 months afterwards wasn't much fun at all what with being at the frontline and all that.

I reckon we'll have hard times again once the next 'boom' gets going hence me still hanging about here so I get a sniff and a warning.

I don't know why but we seem to do far better during a downturn, did during the mid nineties too.....I always felt that the boom passed us by a bit but then it could have just been circumstances....you can't really tell.

globalds

I wish I had bought yen .. I even advised someone else too

James_N

brit1234 wrote: »

Strange that low interest rates didn't solve the problem just prolonged it, who would of thought.:silenced::doh:

Surely it's a birthday soon for one of Brit's house price crash predications? Still wishing for any of them to come true Brit? Never mind, you'll soon get another birthday on your "strike" too. Many more of those to come I expect.

oldvicar

I'm thinking of investing for a 5-year-old so that thay have a nice lump sum at age 18 or 21.

What are peep's predictions and therefore what would be the best investment looking at the next 13 to 16 year time frame?

wymondham

5 years and we still havent got a plan to get us out of it, other than schemes to prolong it! almost makes me think those in the know prefer it like this???

Generali

ILW wrote: »

Must have been fun, just turns out that a lot of the stuff being traded was worthless, and much of it was being bought with other worthless stuff. Brilliant.

The dot com boom was fun but the credit bubble was great. There were stupid amounts of money around.

At one place I worked, the head of the dealing room was gently ticked off for having run up a three grand bar bill on a 'Thank you' night. He then gave an absolute rocket to 2 desk heads that had each spent more at the same bar that night!

Thrugelmir

Generali wrote: »

Interesting. How do you date it?

Was the day on which BNP Paribas announced losses on sub prime mortgages and the ECB was forced to pump billions of euros into the banking system to keep the banks going as liquidity dried up. In effect was the trigger for the run on Northern Rock a few weeks later and the events that followed.

Thrugelmir

Generali wrote: »

The dot com boom was fun but the credit bubble was great. There were stupid amounts of money around.

Flotations of Facebook and more recently Man Utd suggest there are still.