Here's some optimism from Moneyweek (not!)

merlinthehappypig

The UK is about to be battered by the biggest financial storm of our lifetimes.

Almost makes us on here look optimistic.................

WTF?_2

The thing is, it's not implausible or sensationalist. In fact, it's extremely possible.

'The Nice Decade' really is over. Plenty of people just don't seem to have taken that fact on board or don't really seem to understand exactly what economic bad times are or what they entail.

mr.broderick

!!!!!!? wrote: »

The thing is, it's not implausible or sensationalist. In fact, it's extremely possible.

'The Nice Decade' really is over. Plenty of people just don't seem to have taken that fact on board or don't really seem to understand exactly what economic bad times are or what they entail.

Yeah they're all in denial..

mr.broderick

merlinthehappypig wrote: »

The UK is about to be battered by the biggest financial storm of our lifetimes.

Almost makes us on here look optimistic.................

Country is down the pan, if you can get out, get out now..

fc123

REF; Businesses going bust.

Just to balance all the journos and 'Writing abouters' (as they don't get to fully experience the true misery and trauma) my near neightbour has traded in our area for 36 years. A genuine niche business that had the added bonus of being interesting for the visitors to gawp at post Starbucks purchase.
He is part of the community that the council love to photograph and witter on about in their tourist leaflets.
He is now part of our real life museum.

He has 2 yrs to go on a secure lease with definate option to renew for 10 yrs.
The old (80 something) lady upstairs has lived there for 56 years (secure tenancy @£700 per quarter) and he (and us other Indies) look out for her. He maintains the flat despite the rent being really under market value.

He is in his 70's and was happy to potter around his shop, serve his occasional customers and made do with a modest income.

His rent increased a lot some time back (due to chains moving into our area) but he took it on the chin as he said his needs aren't so great now.
However, post Crunch, he is trading at a large loss and he can't afford to carry on. As he said 'I thought it would pick up...but it's getting worse'.

Yesterday, he put his shop on the market as his landlord refused to reduce his rent at all.
The prize is the flat upstairs worth (done up a bit) £1000 pcm or three times that as a holiday let......but the old lady is as fit as a flea.

However, a new tenant is going to try and prise her out or make her life difficult so she leaves.

These are 2 people in the last decades of their life and both are having unwanted problems from this crunch.

Writing about it and seeing it are 2 different things.

moanymoany

I've been a 'prophet of doom' for the past year or so. I simply couldn't see how the whole bubble could keep getting bigger when it all seemed to be done on borrowed money. There had to be a day of reckoning.

The oil and food rises are going to hit everyone everywhere. I believe that countries who do not have massive personal debt levels, who do not have a housing market like ours where houses are seen as investments that ever increase in leaps and bounds, are going to find themselves in a position where their population is not going to find it as difficult as many people here in the UK.

I don't know if any readers here know the 'Peanuts' cartoons, but there is a character called Lucy. On one cartoon Lucy has had a disappointment and as usual is not taking it well. 'But I want to go from ups to upper ups, from upper ups to upper upper ups,' she cries. That is how I see a lot of people in the UK and they have been able to do it with their credit cards and loans, re-mortgaging more than once to keep the illusion going.

People can put their fingers in their ears and lala so they can't hear - it will make no difference because the crunch is going to catch up with them.

phil_b_2

lol..... just lol.

Treadmill

Ah well chin up.

phil_b_2

That image is hosted by http://www.agoralifestyles.com

Have a browse around that site for 30 seconds and you'll no doubt be as quick as me to write it off as complete nonsense.

Where do people find this tripe?

merlinthehappypig

It's from Moneyweek, actually, which is a fairly respectable publication.

If you read my OP I didn't say I agreed with it either. I simply found it amusing and yet another indication of how the British media can switch so quickly from blind optimism to blind panic.

N9eav

I think that's what will happen. OIL prices are driving the markets for everything. I don't even know how i will heat the house next winter as I won't be able to buy heating oil at almost a £1 a litre based on currently daily increases. I could get a bigger tank and stockpile, but someone would probably pinch it!

Ever heard of the frog that is placed in boiling water and jumps out. But the frog that is placed in cold water and slowly brought to the boil stays in there and boils to death?

We are in the slowly simmering pot...... think about it?