Are you in denial?

[ookook]

When it reaches 100% does the girlfriend leave? (Sorry Darling....)

You dont think I tell her about my earnings and assets do you?

[lightng]

My contract ends in Jan. I'm gonna take a week off and then hopefully walk into a £3000 / day contract within walking distance of my home. Plan B is to work at B&Q stacking shelves.

[Pickle2]

My contract ends in Jan. I'm gonna take a week off and then hopefully walk into a £3000 / day contract within walking distance of my home. Plan B is to work at B&Q stacking shelves.

B&Q? I think their shelves will be fully stacked for the foreseeable. Time for a plan C me thinks.

[lightng]

B&Q? I think their shelves will be fully stacked for the foreseeable. Time for a plan C me thinks.

Damn. I was looking forward being able to ask people if they wanted decking without getting the tulip kicked out of me.

[ThomasSoerensen]

My contract ends in December - 2009 and plan B is coming on well - I think me and the little family will be all right.

But thank you for caring.

[swamp]

One thing that is 'different' this time round is that companies and individuals are on the whole quite aware what is going to happen, and lived through the '92 recession. So my 2p worth:

1) Everyone has cut back very quickly on spending, leading to a dramatic contraction in the economy and the start of big redundancies

2) Point 1) will exacerbate the problems and make things (initially) worse

3) But point 1) will mean we'll get over the pain quicker than '92 when everyone just bimbled along down the rocky road together

[Liability]

One thing that is 'different' this time round is that companies and individuals are on the whole quite aware what is going to happen, and lived through the '92 recession. So my 2p worth:

1) Everyone has cut back very quickly on spending, leading to a dramatic contraction in the economy and the start of big redundancies

2) Point 1) will exacerbate the problems and make things (initially) worse

3) But point 1) will mean we'll get over the pain quicker than '92 when everyone just bimbled along down the rocky road together

probably the best post of late on this issue.

[AtW]

probably the best post of late on this issue.

Indeed. Only if people learns the lessons of 1992 they would not be getting so much into debt.

[Stan.goodvibes]

The younger more mobile workforce may well survive the recession, but the more settled with no mortgages and cash will get very rich on it. Lots of luvverly cheap assets to buy up

The rich are getting less rich every day. Assets values are dropping faster than you can say 'anyone see where I left that $billion?', or 'wow, those shares really have gone down, haven't they?'

GB is going to start printing money soon to ramp up inflation, which has the nice effect of making all your debts smaller and easier to pay off. Kinda sucks if you happen to own a lot of assets, as the value of them diminishes considerably. Buts its great if you have a big mortgage, because wages go up along with the inflation so eventually you end up like my parents who were paying 10 quid/week at the end of their mortgage a few years ago - a sum that used to be 1/3 of dads wages (back in the 60's).

Low low low interest rates, inflation, dropping petrol prices, dropping house prices. Frack me, if this is a recession we should have more of them.

Bring it on!!!

[Stan.goodvibes]

we'll get over the pain quicker than '92 when everyone just bimbled along down the rocky road together

??? what is that exactly, just so I can keep an eye out for it in case we all start doing it again?