Reply to: Who orchestrates the media?

[Moscow Mule]

Anything that depreciates in the long run, is by my definition, not an asset

Good job you don't have any sway with the ACCA.

[sasguru]

Do you consider vehicles assets? Does this mean an upgrade from the Aygo is imminent?

Anything that depreciates in the long run, is by my definition, not an asset

[oracleslave]

want to buy up loads of luvverly cheap assets.
HTH

Do you consider vehicles assets? Does this mean an upgrade from the Aygo is imminent?

[sasguru]

I can't help but get the impression you are relishing the prospect of a bad recession simply because you are sorted, and you want to laugh at those who didn't have the foresight to be sorted like you.

want to buy up loads of luvverly cheap assets.
HTH

[TheBigYinJames]

Yes, think of the children.

That's what got Gary Glitter in trouble.

[DimPrawn]

And we disagree on the severity of this 'correction' - I think it'll be merely a trimming of luxury goods and amounts of credit, you seem to think it'll be 3 million on the dole etc.

We'll have to wait and see.

I can't help but get the impression you are relishing the prospect of a bad recession simply because you are sorted, and you want to laugh at those who didn't have the foresight to be sorted like you. If this is unfair, I apologise, but that's how it comes across.

Yes, think of the children.

[TheBigYinJames]

I think a purging of excess is in order so the world can return back to normality. But I don't care either way as I am sorted.

And we disagree on the severity of this 'correction' - I think it'll be merely a trimming of luxury goods and amounts of credit, you seem to think it'll be 3 million on the dole etc.

We'll have to wait and see.

I can't help but get the impression you are relishing the prospect of a bad recession simply because you are sorted, and you want to laugh at those who didn't have the foresight to be sorted like you. If this is unfair, I apologise, but that's how it comes across.

[sasguru]

You aren't going to cry when it's not a recession?

I think a purging of excess is in order so the world can return back to normality. But I don't care either way as I am sorted.

[TheBigYinJames]

Of course, "this time it's different"

You aren't going to cry when it's not a recession?

[sasguru]

Of course, "this time it's different"

[TheBigYinJames]

I blame the government.

If the govt/media are trynig to scare you about something, it means they want to pass some laws which you wouldn't stomache otherwise.

e.g.
VED doubling on older cars = they want to 'fall back' to Road Pricing, hoping it seems the lesser of two evils. You'd never agree to Road Pricing on its own

[DimPrawn]

The contractor beside me who left a month ago got another one within a week. I'm still getting several calls a week and I don't even have my CV online anywhere. The shops are rammed, have yuo seen the travel agents? Not a seat to be had, standing room only. I still can't get a Nintendo Wii Fit in the shops for love nor money, they sell out in minutes. Several huge residential construction projects in my home town are still merrily continuing. Houses are sill being sold in my street.

.

I blame the government.

[sasguru]

It's been 'early days' since Northern Rock. That was a year ago.

The contractor beside me who left a month ago got another one within a week. I'm still getting several calls a week and I don't even have my CV online anywhere. The shops are rammed, have yuo seen the travel agents? Not a seat to be had, standing room only. I still can't get a Nintendo Wii Fit in the shops for love nor money, they sell out in minutes. Several huge residential construction projects in my home town are still merrily continuing. Houses are sill being sold in my street.

Doomed? I wish someone would tell me where, I can't see it.

"Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one!"
Charles Mackay, 1841

[TheBigYinJames]

Financial people mucking about? Exactly - but the consequences are all too real. And you don't see any signs of mass panic because it's early days yet. Wait till the unemployment figures start rising.

It's been 'early days' since Northern Rock. That was a year ago.

The contractor beside me who left a month ago got another one within a week. I'm still getting several calls a week and I don't even have my CV online anywhere. The shops are rammed, have yuo seen the travel agents? Not a seat to be had, standing room only. I still can't get a Nintendo Wii Fit in the shops for love nor money, they sell out in minutes. Several huge residential construction projects in my home town are still merrily continuing. Houses are sill being sold in my street.

Doomed? I wish someone would tell me where, I can't see it.

[sasguru]

But all of those things are just the financial people mucking about. Oil and food prices are going up because of speculation, not because their availability or supply has actually changed. The mortgage approvals drop is due to the banks not lending to each other any more, not because they've actually got less money. And house prices are just made up anyway. The ones that sold may have been cheaper because those owners were desperate to sell up or something, but there are far fewer sales going on because buyers are hanging on to see what happens. So it's not as if property has actually lost its value, just that the market is dead at the moment.

As they've demonstrated repeatedly in the media, you can do all sorts with the same figures to make everything sound great, or everything sound terrible. I don't see any signs of mass panic round here though. Most people have plenty of ways to cut back on their extravagant spending before they start to actually "suffer".

I'm not being flippantly optimistic here; just saying that the news stories do about turns with what are essentially the same facts, give or take a few dollars a barrel or whatever.

Financial people mucking about? Exactly - but the consequences are all too real. And you don't see any signs of mass panic because it's early days yet. Wait till the unemployment figures start rising.
What people don't realise is that they've been living in a massive financial bubble and it's just been pricked.