what does credit crunch mean to me and other ordinary people? Is it something that will only effect banks etc?
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Seriously doomed
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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.Comment
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Originally posted by HRH View Postwhat 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 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.Comment
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Originally posted by DimPrawn View PostIt 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.Rule Number 1 - Assuming that you have a valid contract in place always try to get your poo onto your timesheet, provided that the timesheet is valid for your current contract and covers the period of time that you are billing for.
I preferred version 1!Comment
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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.Comment
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Originally posted by DimPrawn View PostIt 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.Comment
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Comment
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Originally posted by DimPrawn View PostIt 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.
You're F*CKED....big timeI'm alright JackComment
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Originally posted by milanbenes View Postsounds 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."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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