Originally posted by sasguru
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Reply to: Who orchestrates the media?
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Previously on "Who orchestrates the media?"
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Originally posted by sasguru View Postwant to buy up loads of luvverly cheap assets.
HTH
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Originally posted by TheBigYinJames View PostI 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.
HTHLast edited by sasguru; 22 July 2008, 14:47.
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Originally posted by DimPrawn View PostYes, think of the children.
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Originally posted by TheBigYinJames View PostAnd 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.
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Originally posted by sasguru View PostI 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.
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.
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Originally posted by sasguru View PostOf course, "this time it's different"
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Originally posted by DimPrawn View PostI blame the government.
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
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Originally posted by TheBigYinJames View Post
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.
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Originally posted by TheBigYinJames View PostIt'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.
Charles Mackay, 1841
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Originally posted by sasguru View PostFinancial 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.
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.
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Originally posted by dang65 View PostBut 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.
What people don't realise is that they've been living in a massive financial bubble and it's just been pricked.
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