Gazboy Posted December 14, 2008 Share Posted December 14, 2008 Make that 6 and a half. Im trying my best! One thing i keep thinking though, we survived the last recession, what if anything will make this one worse? More people in debt and it's a bigger debt, the nation is in much more debt and owes more than it makes per year and pretty much the entire financial system is on the brink of collapse, we are fighting two wars with the government spunking money faster than it can be printed on bailouts and we have two utter twats at the helm trying to sabotage (and succeeding) any success, plus the eco warriors weren't as powerful either in 1991. Quote Link to comment Share on other sites More sharing options...
JustGav Posted December 14, 2008 Author Share Posted December 14, 2008 I don't think people are ignoring things at all. If anything people are being careful and even not buying Christmas presents for each other. Here's the thing, friends I speak to are watching the sales to buy things JUST because they will be cheaper, not thinking about rather saving the cash. These are luxury items such as a bigger telly or a newer car. As an idea of the effects, I work at a 500 million turnover company, they have orders till end feb and that's it at the moment, they are laying off 15% globally and are considering 3 day week, 4 day week or timed close down, the ripples from any of that through the suppliers, the shops where we spend the money, the reduction in transport etc. will be immense. But, it's always the same, america coughs, we catch a cold, I'll be interested to see what happens at the start of the new year, HSBC have said they will lend up to 20% more from then. If the other banks do the same will that get people moving house again? Or are people going to batten down the hatches and try and pay off their debts? Thing is, everything you say is right and it is a HUGE knock on, but it isn't just america, america stands out more because they are a crucial point of the economy, BUT it is a much bigger problem anyway. More people in debt and it's a bigger debt, the nation is in much more debt and owes more than it makes per year and pretty much the entire financial system is on the brink of collapse, we are fighting two wars with the government spunking money faster than it can be printed on bailouts and we have two utter twats at the helm trying to sabotage (and succeeding) any success, plus the eco warriors weren't as powerful either in 1991. Couldn't agree more. Here is a question for people, what are Britain's exports? Quote Link to comment Share on other sites More sharing options...
Havard Posted December 14, 2008 Share Posted December 14, 2008 All of the above dont effect me though as i have no debt:p You make me sick JP...... The credit crunch has hit me, the 911 Turbo is on the back burner..... Wish I could pay off the mortgage It's not all it's cracked up to be..... H. Quote Link to comment Share on other sites More sharing options...
Carl_S Posted December 14, 2008 Share Posted December 14, 2008 im loving this recession as my mortgage is tiny thanks to gordon brown. recessions in general are good becuase they encourage us to look at things that are truely important in life, love relationships, good sex with a partner, creativity, and bonding with your neighbour. money is a thing which is based on a dream. It's silly (but understandable) to make a big fuss about it. Quote Link to comment Share on other sites More sharing options...
Havard Posted December 14, 2008 Share Posted December 14, 2008 im loving this recession as my mortgage is tiny thanks to gordon brown. recessions in general are good becuase they encourage us to look at things that are truely important in life, love relationships, good sex with a partner, creativity, and bonding with your neighbour. money is a thing which is based on a dream. It's silly (but understandable) to make a big fuss about it. Prozac is wonderful isn't it.... Quote Link to comment Share on other sites More sharing options...
JustGav Posted December 14, 2008 Author Share Posted December 14, 2008 Prozac is wonderful isn't it.... More than prozac that, I reckon diazepam Quote Link to comment Share on other sites More sharing options...
Charlotte Posted December 14, 2008 Share Posted December 14, 2008 Here's the thing, friends I speak to are watching the sales to buy things JUST because they will be cheaper, not thinking about rather saving the cash. These are luxury items such as a bigger telly or a newer car. More fool them then, at least you're taking note. It's like Gaz said there are loads more people with lots more debt, they'll be the ones that will suffer the most. Quote Link to comment Share on other sites More sharing options...
RobSheffield Posted December 14, 2008 Share Posted December 14, 2008 More than prozac that, I reckon diazepam Im convinced its some kind of badly cut crack cocaine.... Quote Link to comment Share on other sites More sharing options...
Havard Posted December 14, 2008 Share Posted December 14, 2008 More fool them then, at least you're taking note. It's like Gaz said there are loads more people with lots more debt, they'll be the ones that will suffer the most. More the fool them then...!! I have always been really good/careful with money. I think people who borrow significant amounts of money just to spend on extravagant purchases must be off their rocker..... I have always saved for what I want as I have the patience to do so. Not doing this just boils down to being impatient..... H. Quote Link to comment Share on other sites More sharing options...
Gazboy Posted December 14, 2008 Share Posted December 14, 2008 Here is a question for people, what are Britain's exports? Cars & components, aerospace, IT, banking & finance, insurance, cement & building materials, wood, oil, media (especially television & music) literature, foodstuffs, weapons, livestock & agriculture, textiles, communications, beauty products & pharmaceuticals, metals & composites... People often assume 'exporting' is building a product which you put into a crate and ship overseas, in huge industrial cities employing 100's of thousands of men in a dark and dingy factories. Germany is the reality of this theory and they are up shit creek without a paddle because nobody is buying their exports. im loving this recession as my mortgage is tiny thanks to gordon brown. recessions in general are good becuase they encourage us to look at things that are truely important in life, love relationships, good sex with a partner, creativity, and bonding with your neighbour. money is a thing which is based on a dream. It's silly (but understandable) to make a big fuss about it. Shagging and mushy shit won't put food on your table and a roof over your head (unless you work in porn or prostitution) Quote Link to comment Share on other sites More sharing options...
Charlotte Posted December 14, 2008 Share Posted December 14, 2008 More the fool them then...!! Didn't I just say that in another way..? Quote Link to comment Share on other sites More sharing options...
stevie_b Posted December 14, 2008 Share Posted December 14, 2008 Well, I'm certainly not spending on anything extravagant at the moment. Then again, I'm usually so tight that I squeak when I walk! I, too, know people who seem to struggle week to week, but still manage to buy expensive things (usually games consoles and equally frivolous cr*p). The only thing I've *ever* borrowed money to buy is a house. To borrow to buy a car, holiday etc is 100% madness in my view. If you don't have the cash for those things, keep saving: you can't yet afford them. Most people seem to have lost the ability to wait to buy things until they can afford them. The irony of the goverment's response is not lost on me. Britons (and other countries) have been spending well beyond their means for the last 10 years or so. That's one of the reasons why we're in this almighty mess. So, the goverment wants to tempt us to spend our way out of recession by offering things like 15% VAT??? Quote Link to comment Share on other sites More sharing options...
Gazboy Posted December 14, 2008 Share Posted December 14, 2008 For irony, homes are now more affordable because of a financial meltdown caused by questionable products to enable homes to be more affordable in the first place. It would be funny if it wasn't so serious. Quote Link to comment Share on other sites More sharing options...
Havard Posted December 14, 2008 Share Posted December 14, 2008 Didn't I just say that in another way..? Actually, I just re-read that and we are in agreement, even though I was disagreeing with you when I typed it..... Either way, I have savings so I don't care.... H. Quote Link to comment Share on other sites More sharing options...
Charlotte Posted December 14, 2008 Share Posted December 14, 2008 Actually, I just re-read that and we are in agreement, even though I was disagreeing with you when I typed it..... What did you think I was saying?! Quote Link to comment Share on other sites More sharing options...
AndrewOW Posted December 14, 2008 Share Posted December 14, 2008 All the money I've borrowed on top of the usual mortgage etc., is tied up in 3 businesses. I will say that its quite a large amount (due to decent equity in several properties I've owned), but with all this credit cr*p going on, I don't know how vulnerable or exposed I will be to any downturn in the performance of those businesses in the near future. As a consequence of the potential problems I may face, I'm certainly going to be keeping my little pinkies crossed. All of them! Quote Link to comment Share on other sites More sharing options...
JamieP Posted December 14, 2008 Share Posted December 14, 2008 All the money I've borrowed on top of the usual mortgage etc., is tied up in 3 businesses. I will say that its quite a large amount (due to decent equity in several properties I've owned), but with all this credit cr*p going on, I don't know how vulnerable or exposed I will be to any downturn in the performance of those businesses in the near future. As a consequence of the potential problems I may face, I'm certainly going to be keeping my little pinkies crossed. All of them! What business are you in? Quote Link to comment Share on other sites More sharing options...
AndrewOW Posted December 14, 2008 Share Posted December 14, 2008 What business are you in? Continuous stationery print (nothing fancy, just bog standard multipart stuff), the others are in the rubbish & recycling sectors (councils) and new innovation. The printing company that I work for has had the best quarter in its 10 year history, but that may be down to competitor companies going bust and may also be short lived as you never know when the orders will just dry up. We're pretty good at it too, which may be another reason why we're still popular. Touch wood! Quote Link to comment Share on other sites More sharing options...
Gazboy Posted December 14, 2008 Share Posted December 14, 2008 The print trade has been dying a slow death for years. Who are your main customers, what do they do and how exposed are they to people and businesses keeping their hands in their pockets? People will always need their rubbish collected and i can't see recycling contracting as a) there are enough suckers wanting to look good. b) it would look bad for your contracts to u-turn and just incinerate or land fill Quote Link to comment Share on other sites More sharing options...
Havard Posted December 14, 2008 Share Posted December 14, 2008 Didn't I just say that in another way..? I don't know!! I was just looking for an argument and you are normally a good sport..... H. Quote Link to comment Share on other sites More sharing options...
AndrewOW Posted December 14, 2008 Share Posted December 14, 2008 The print trade has been dying a slow death for years. Who are your main customers, what do they do and how exposed are they to people and businesses keeping their hands in their pockets? People will always need their rubbish collected and i can't see recycling contracting as a) there are enough suckers wanting to look good. b) it would look bad for your contracts to u-turn and just incinerate or land fill Some parts of the print trade have been dying for years, but try and replace a multipart set for something else, and everyone will be signing 3 pieces of paper for their deliveries/invoices etc. Not very efficient IMO We have literally hundreds of customers (we are trade only), from all round the country, Ireland and a few in Europe now too. Admittedly we get most of our work from a core of a good selection of main customers, but we're moving premises very soon as we need to expand. Rubbish and recycling do seem to be the new gold mine IMO. Quote Link to comment Share on other sites More sharing options...
Gazboy Posted December 15, 2008 Share Posted December 15, 2008 Some parts of the print trade have been dying for years, but try and replace a multipart set for something else, and everyone will be signing 3 pieces of paper for their deliveries/invoices etc. Not very efficient IMO We have literally hundreds of customers (we are trade only), from all round the country, Ireland and a few in Europe now too. Admittedly we get most of our work from a core of a good selection of main customers, but we're moving premises very soon as we need to expand. Rubbish and recycling do seem to be the new gold mine IMO. Oh I certainly don't miss printing snap sets! Especialy the middle pages, they curl like a b*****. Btw it has been replaced by those hand held boxes that you scrawl your name on and they print a receipt. You must be ok to expand! Quote Link to comment Share on other sites More sharing options...
AndrewOW Posted December 15, 2008 Share Posted December 15, 2008 Oh I certainly don't mind printing snap sets! Especialy the middle pages, they curl like a b*****. Btw it has been replaced by those hand held boxes that you scrawl your name on and they print a receipt. You must be ok to expand! Well if all else fails, at least I live close to Beachy Head (did you see the photos?)! I could re-enact the Quadrophenia final scene, but in my car Quote Link to comment Share on other sites More sharing options...
Carl_S Posted December 15, 2008 Share Posted December 15, 2008 I had to cut back too, it's quite fun to have to budget and juggle things a bit more rather than blindly put it on credit. it would be like waking up after a credit orgy, just beacuse you go around picking up the stcky plastic from the floor does not mean you will never have sex again. Quote Link to comment Share on other sites More sharing options...
SUPRALOOPY Posted December 15, 2008 Share Posted December 15, 2008 Pardon? Quote Link to comment Share on other sites More sharing options...
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