Impact on contractor-land

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Bagpuss replied

29 September 2008, 19:52
Originally posted by PM-Junkie View Post

My thoughts...it will get a lot smellier, will probably last 18 months to 2 years, and the contractor market will start to really seize up in the new year as projects dry up or get pulled.

Wadya reckon...and would you like fries with that?

18 months to 2 years? Are you joking, recessions tend to last for longer than that, and this looks like being a bad one. During the last downturns households were not funding such ridiculous levels of debt. Most people had the ability to tighten their belts, I suspect that is not the case this time. Add to that all the businesses that sprang out of the credit boom. The 'added value' services, recreational industries. Many of those are going to go down the tube with inevitable effect on unemployment.
This writing has been on the wall for years, and many belived it could/would never happen, that has only served to make it even worse.

Last edited by Bagpuss; 29 September 2008, 19:59.
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scooterscot replied

29 September 2008, 19:50
Many folks (including yours truly) were concerned with the quiet market during August.

September has been a very different picture. 3 interviews, 2 offers, phone call enquiries - I've lost count.
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HeliCraig replied

29 September 2008, 19:48
Originally posted by DiscoStu View Post

I'm studying for my first gold star as we speak...

You can always borrow some of mine!!!
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DiscoStu replied

29 September 2008, 19:47
Originally posted by PM-Junkie View Post

Doesn't seem to be a discussion on this...

What are peoples' thoughts on how bad the crash is/will be - how long it will last, and how we fine upstanding folk in the contractor world will be impacted?

My thoughts...it will get a lot smellier, will probably last 18 months to 2 years, and the contractor market will start to really seize up in the new year as projects dry up or get pulled.

Wadya reckon...and would you like fries with that?

I'm studying for my first gold star as we speak...
Leave a comment:
PM-Junkie started a topic Impact on contractor-land

29 September 2008, 19:46
Impact on contractor-land

Doesn't seem to be a discussion on this...

What are peoples' thoughts on how bad the crash is/will be - how long it will last, and how we fine upstanding folk in the contractor world will be impacted?

My thoughts...it will get a lot smellier, will probably last 18 months to 2 years, and the contractor market will start to really seize up in the new year as projects dry up or get pulled.

Wadya reckon...and would you like fries with that?
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