Chat & Social > The Bar - General Chat

I feel thick asking this but............

<< < (2/3) > >>

crazymac:
In the eighties here was indeed 4 million or so unemployed but.......Maggie decided that the way they counted the unemployed figues was not good so she recalibrated the system and the figure dropped to around 2.4 million! So we're not actually that far away from that figure! (nor have been all along either!!)

Statistics can always be massaged remember :afro:

Range Rover Blues:
Anybody with a mortgage risks ending up owing more than the house is worth too. for those of us trying to sell one we end up giving it away or paying rates on an empty property, a loose/loose situation.

Despite the lack of house buyers the buy-to0rent market is also stagnent, so rental incomes do not cover the interest the value of a house could be earing in the bank, assuming that bank doesn't go bust.

As said above, when money stops moving around then no-one makes their little bit as it passes through their hands, pretty quickly small businesses are failing, we have more unemployment (the gov't have only been able to spend more money becasue unemployment was down/taxes were up), crime is already on the increase, the pound becomes a bad investment for oversees money and it all goes to hell in a handcart.

Basically any economy that isn't growing steadily is in trouble, but for it to be shrinking, well that's bad.

muddysteve:

--- Quote from: muddyjames on October 21, 2008, 17:01:20 ---I feel very nieve for asking this as I feel I should know but I dont.  :oops: :oops: :oops:

--- End quote ---

Thicko!!!

lol stick with the bins mate and dont worry, as long as you've got a fixed mortgage and your in a secure job then its not a lot to worry about. Times like this i love working on the railway  :afro:

karlo:
Don't fall into the trap of thinking any job is safe, I can assure you its not!

Gordo:
Although some jobs are more secure than others - especially those in the public sector and essential services.

The biggest problem is that people spend less money, so fewer people are needed to make, transport and sell stuff.

House prices fall, and if you have a big mortgage then you might end up owing more than the house is worth - this is negative equity - but that's only a problem if you want to sell.

At the moment there are four potential scenarios:

A long, deep recession (very bad)
A long, shallow recession
A short, deep recession
A short, shallow recession (not too bad)

Those of us who work in banking are very apprehensive at the moment  :undecided:

Navigation

[0] Message Index

[#] Next page

[*] Previous page