Seriously doomed

[HRH]

what does credit crunch mean to me and other ordinary people? Is it something that will only effect banks etc?

[Xenophon]

Time to go to war.

[milanbenes]

from the article....

ooooops:

'The UK hedge fund Peleton Partners misjudged this fresh leg of the crunch. After an 87pc profit last year betting against sub-prime, it switched sides to play the rebound. Last week it had to liquidate a $2bn fund.'



Milan.

[DimPrawn]

what does credit crunch mean to me and other ordinary people? Is it something that will only effect banks etc?

It means you will be turned down for a mortgage.
It means you will be turned down for a loan.
It means your house will lose most of the value it's gained over the last 5 years.
It means your pension will be worthless.
It means your client/employer will be downsizing.

[BoredBloke]

It means you will be turned down for a mortgage.
It means you will be turned down for a loan.
It means your house will lose most of the value it's gained over the last 5 years.
It means your pension will be worthless.
It means your client/employer will be downsizing.

Oh so not much then!

[milanbenes]

sounds like now would be a good time to:

. have no mortgage and own your house

. have no debt

. have cash

etc

next step, how to achieve that



Milan.

[HRH]

It means you will be turned down for a mortgage.
It means you will be turned down for a loan.
It means your house will lose most of the value it's gained over the last 5 years.
It means your pension will be worthless.
It means your client/employer will be downsizing.

what a tulipter that is.

Right Im putting my house on the market tonight, going to the bank taking all my money out and buying a massive safe,then I'll buy a motor home and go underground till this tulipstorm passes.

[rhubarb]

Right up 'em.

They don't like it up 'em.

Rhubarb.

[BlasterBates]

It means you will be turned down for a mortgage.
It means you will be turned down for a loan.
It means your house will lose most of the value it's gained over the last 5 years.
It means your pension will be worthless.
It means your client/employer will be downsizing.

In simple terms what DP is saying is ....

You're F*CKED....big time

[scooterscot]

sounds like now would be a good time to:

. have no mortgage and own your house

. have no debt

. have cash

etc

next step, how to achieve that



Milan.

I've only got a little mortgage almost none, so I'm alright, right?