Reply to: Uber doomed

[OwlHoot]

when the public sector starts actually cutting (next 12-24 months), ..

Can't see much of that that happening now - Without the cloud-cuckoo growth rate and inflation rate drop which Osborne & Cameron fondly imagine will happen next year they daren't, for fear of reducing GDP (which, perversely, includes Government spending). And it would be even harder with their LibDumb partners yapping at their heels.

[minsky1]

This all looks like a bit of a devils soup to me.

Can we have some clear answers as to how we can make some money out of all of this turmoil?

As the famous Zig Ziglar once said "eliminate that stinking thinking ......"

[lukemg]

So, in conclusion, it kind of depends...
I don't see companies that employ contractors about to go bump, if anything they are doing ok and may even hire more connies as too scared to get perms !
Public sector of course is fooked so if that is your CV, start praying (may impact private sector market if big influx).
What is true is that lots of people are hanging by fingernails and when the public sector starts actually cutting (next 12-24 months), it is going to be very tough on a significant number but even they will mostly be able to cling on with redundancy/savings/low interest rates on house etc.
Get ya warchest stocked with lovely dividend paying blue chips and watch the fun from your sofa...

[EternalOptimist]

Doom is always boring after the initial doom-buzz

as long as its happening to someone else.

When it happens to you, it never seems to lose that 'doomy' effect


Sas isnt gloating about the Doom, he's gloating about getting something right at last

[Mich the Tester]

I dont know about all of you here but IMO "Euro Doom" is getting quite boring.

I think the points thats have been proved once again are, in no particular order
a) Politician are useless self serving cnuts.
b) Economists are about as much good as long term weather forecasters
c) The rich and the powerful remain rich and powerful regardless
d) Boom and bust is as much part of the human race as haemorroids
e) All this bulltulip is mostly the politics of fear at play

So I wish that Greece can default, Euro can split or whatever the **** they are going to do to get on with it.

What will be will be and whatever it is it will look much better without the mugs of Sarkozy, Merkel, Cameron et al dominating the front pages.

f) if anyone makes a financial forecast, sooner or later it will come true. Same goes for the weather; I predict it will rain.

[BrilloPad]

Its okay. We can just inflate our way out of this.

[sunnysan]

Boring Doom

I dont know about all of you here but IMO "Euro Doom" is getting quite boring.

I think the points thats have been proved once again are, in no particular order
a) Politician are useless self serving cnuts.
b) Economists are about as much good as long term weather forecasters
c) The rich and the powerful remain rich and powerful regardless
d) Boom and bust is as much part of the human race as haemorroids
e) All this bulltulip is mostly the politics of fear at play

So I wish that Greece can default, Euro can split or whatever the **** they are going to do to get on with it.

What will be will be and whatever it is it will look much better without the mugs of Sarkozy, Merkel, Cameron et al dominating the front pages.

[original PM]

Jeez what made you drag this thread back to life

Apart from the opportunity to try and look smug?

[sasguru]

Correct as usual

[BrilloPad]

Assuming not many of us can live of the interest from a couple of million in the bank, we're talking "savings for a rainy day" cash rich. But what if it keeps raining and raining, on and off or continuously?

All the time you're on the bench, you'll be digging into your savings, if your partner can't cover all your spending. Once or twice may be OK, but what if it keeps happening every two or three months, or if you're on the bench for a year. You'll be marching on the spot, or more likely going backwards fast.

True : but I am divorced. I assumed that SG/DP/Threaded will have no problem.....

[Doggy Styles]

You can't encourage saving and spending with interest rates at 0.5%

Spending would be OK wouldn't it?

[Foxy Moron]

You can't encourage saving and spending with interest rates at 0.5%

[TimberWolf]

As far as I can work out we have to spend to get the economy moving. And save so that people can borrow.

[Doggy Styles]

So are we doomed or what? I'm getting mixed messages from the CUK Committee.

It seems to me that the only long-term way to reduce our deficit is to encourage our manufacturing and agriculture, so we can start producing stuff again.

Another thing, do we repair anything any more? It seems a waste to chuck things away that are 99% serviceable and just need a bit of expertise or a spare part to put right.

[OwlHoot]

palliasses

palliasse |ˌpalˈyas; ˈpalˌyas| (also paillasse)
noun

a straw mattress.
ORIGIN early 16th cent.(originally Scots): from French paillasse, based on Latin palea ‘straw.’

Oi! No one's repossessing my palliasse. It'll be uncomfortable enough as it is kipping under Waterloo bridge without having my palliasse nicked as well