The Hairdryer
Guest
Seriously
Wait and see is my advice.Seriously![]()
DOW dn another 700 pts.
it was at 14000 a yr ago, now 8500.
Seriously![]()
A hell of a lot worse. Expect heavy job losses, rampant inflation, economy collapse and a zero credit for those that need it.
Expect a knock on effect on basic public service cutbacks. Your rubbish is gonna stay out a little longer.
Government will try to claw back as much as it can, so pay your taxes as you cannot negotiate an extention with the tax man, UK Ltd is broke.
Expect the jobless to hit double digits next year in the UK.
Pawn brokers with detonate into the high street.
SME office space will collapse.
Every third letter will be from an enforcement agency demanding money, hard ball on credit, even if its only a little late.
If you can take the opportunity to "negotiate" your credit with your lender, half payback is the norm today, if you have the money to settle, take it. Always ask for a "settled in full" in writing for your credit file.
If your lucky enough to have more than 50k in cash in the bank take over the 50k mark and stuff it down your grannys knickers until this is all over.
The sad effect will be a rise in crime, insure your homes, check your insurance and put your car in the garage.
Have a nice day.
What a Bearish attitude 2Bullish
I just want someone to buy my damn house in GA so I can relocate to TX and buy a 2000 square foot home for about 20-30% less than it would have sold two years ago.
Speaking of economic situations, I'll probably be settling my adopted father's estate case within the next 6 months or so (long court battle with his brothers). You business/investment savy folks... I was thinking of dropping 50-100k into a bar/pub/restaurant thing, nothing too large but decent sized. Thoughts?
We (the west) are going through a major adjustment right now. We have lived beyond our means for years using excessive credit and funding our spending by drawing on home equity. At a national level most countries have had bad trade deficits and our industrial base has been diminished.
The current credit crisis should start to ease a little next year but a slow decline of our standard of living is inevitable in this new world order.
Expect the jobless to hit double digits next year in the UK.
Seriously![]()
That's probably BS too be fair, either you made that up or your friend did, when are we gonna get a black PM is the question eh
I'm racist, and proud.
Except when I'm not.
Racist or proud?
Both.