Reply to: What's really happening with the economy?

[expat]

That's been true for any company taken over by HP in the last 7 or more years, so isn't necessarily a reflection of the current crisis.

I left HP 8 years ago

[Sysman]

I have one friend who is redundant and unemployed after HP took over their company.

That's been true for any company taken over by HP in the last 7 or more years, so isn't necessarily a reflection of the current crisis.

[MPwannadecentincome]

What have you done since then?

unemployed for 3 months, moved house (traded down) and then successfully contracting thank you!

[DimPrawn]

http://www.thedailymash.co.uk/news/b...-200902171582/

[sasguru]

I was made redundant nearly a year ago.

.

What have you done since then?

[MPwannadecentincome]

I was made redundant nearly a year ago.

A property solicitor a few doors down was made redundant in September.

I have one friend who is redundant and unemployed after HP took over their company.

[minsky1]

Has anyone seen the film Grim Weekend?

The recession is going to feel a bit like that for contractors, but will be played out during the week, 9-5.

[BrilloPad]

Didn't get any last night?

It got a puncture. Soon as he gets a repair kit it will be sorted.

HTH

[BrilloPad]

If you read the press and listen to the TV/radio it seems we are in an apocalyptic situation with regard to the economy. Yet no one I know (lawyers, engineers, programmers, people who work in banks (not bankers)) has yet been made redundant and their companies seem to be surviving if not thriving.

So what gives? Is the Murdoch media (and CBI etc.) exagerrating because low interest rates are in their interest? Are most parts of the economy really doing fine?

Of course job losses tend to be a lagging indicator : things will get alot worse on that front.

As some of you may know I am helping to finance a new supermarket/flats. My builder is totally inundated with work, new projects (he has 2 on go : negotiating on 6 others) and is looking at land to build on. But those he know are either totally rushed off their feet or nothing is happening. He knows no-one who is mildly busy!

[sasguru]

You really are an imbecile aren't you?

I don't know anyone with no legs, so perhaps they're made up by Murdoch as well.

Christ on a bike, and you think you are the educational elite?

Didn't get any last night?

I know its hard for you to imagine having a wide variety of friends in a wide variety of professions, living your monk like existence in Swindon, but do try to imagine it.

[DimPrawn]

If you read the press and listen to the TV/radio it seems we are in an apocalyptic situation with regard to the economy. Yet no one I know (lawyers, engineers, programmers, people who work in banks (not bankers)) has yet been made redundant and their companies seem to be surviving if not thriving.

So what gives? Is the Murdoch media (and CBI etc.) exagerrating because low interest rates are in their interest? Are most parts of the economy really doing fine?

You really are an imbecile aren't you?

I don't know anyone with no legs, so perhaps they're made up by Murdoch as well.

Christ on a bike, and you think you are the educational elite?

[BoredBloke]

I'm being let go and so is everybody I work with - One large bench needed soon!

[swamp]

Not to denigrate the hardship, but wasn't it at least a bit easier because nobody had a house to get repossessed?

You're probably right about the housing. Here the banks will be ruthless.

I'm just glad my missus has a wide understanding of the situation.

[sasguru]

You are on a lovely beach.

The tide just went out a long, long way. Go look at all the fish.

That's where you are now. There is a small rumbling sound in the distance.

The correct analogy is I'm in a penthouse far inland watching the beach with my binoculars.

[expat]

She grew up in Moscow and witnessed (amongst other things) the devaluation of the rouble in '98. Overnight everyone's savings were worth 1/30th. She said her mum came back from the shops with some onions and some carrots which was all they could buy from a weeks' wages. It was so ridiculous they even had a laugh at the situation, she said!

Not to denigrate the hardship, but wasn't it at least a bit easier because nobody had a house to get repossessed?