Daily Doom

[TimberWolf]

What makes you think it can't happen again?

I know the answer to this one!

"because it's different this time"™ :yay

[tay]

Hardly a job if it is unpaid?

Cup is always half empty to you! Its a step on the ladder!

[BrilloPad]

I am pleased my pensions adviser kept me in cash. A little while and there could be some great equity bargains about.

[sasguru]

Not that it can't, I just don't think it will. The last recession was caused by the death of old style manufacturing. Unless we're witnessing the death of whatever portfolio of industries makes up the UK economy this time round (banking? perhaps?) then I don't think it'll happen. I'm sure we're in for a decline of growth, but not full scale recession. I can imaqgine armies of DHSS scroungers being laid off from their fortnightly walk to the dole office.

In any case, what i think won't change the outcome, so there's no point thinking doom and gloom. Make hay while the sun shines.

Bollux. Do some research.

[rootsnall]

Not that it can't, I just don't think it will.

I think it's here already. I was at a party on Saturday and there was lots of discussion about it and across quite a broad spectrum of people and work backgrounds it was clear that people have just started to lose their jobs. For some reason our game seems to be OK but I think it's only a matter of time. We've had a credit boom, the taps have been turned off and it's now time for the bust.

[TheBigYinJames]

We've had a credit boom, the taps have been turned off and it's now time for the bust.

And all the downtalking is just exacerbating it.

[sasguru]

And all the downtalking is just exacerbating it.

Your point being? Are you really that naive?

[TheBigYinJames]

Bollux. Do some research.

You too, look up the difference between a recession and a Growth Recession.

[Charles Foster Kane]

You too, look up the difference between a recession and a Growth Recession.

Big Yin, play nicely. Put your handbag away.

[TheBigYinJames]

Your point being? Are you really that naive?

God, it must be great to be you. Whether you 'know about it' beforehand or not will make not one jot of difference to how it affects you.