paulr

Dont watch the news.

I havent for two days and my car still starts in the morning, i still have a job, my computer still works and there is still food to eat. Houses will sell because people are always having kids and need somewhere larger and people still leave home. Some of these may get a little tougher, but hey, life has its ups and downs.

Whats the footsie today, havent a clue and dont care.

fatherpierre

What happens if your job goes due to the crunch?

Will you still be able to pay your mortgage, afford to fill your car up or even pay for it?

You might be concerned then?

paulr

As long as you dont work in banking you should be okay. I have to admit i dont undertand what the hell is going on.

TopBanana

Unemployment rates are going to soar next year, not just bankers.

paulr

I think its 1.7 mill at present. In the 80's it was 3 million and people still bought and sold houses, went to work, paid bills etc.

fatherpierre

Paul, I hope you're never, ever in charge of any bank or other financial institution I have or ever have any interest in

SJ_Skyline

Paul's got a really good point. I started a new role last Monday and haven't stopped what with a very steep learning curve and having some real beardy techies reporting to me (Sandal-wearing mainframe types ). Time to watch the news? No chance!

MJW

Or in manufacturing, or in construction, or in the service sector, etc, etc. ....

fatherpierre

Pubs, restaurants, luxury goods, airlines, estate agents.......

dpb

no radio in the car then .?

paulr

3 mill unemployed in the 80's, buildings still got built and new roads planned.

Of course i dont have to re-finance a buy to let in the near future, but thats their own fault for being greedy.

AndyC_772

iTrader: (2)

So, you don't have a personal pension, an ISA or any other investment in the stock market, then?

fatherpierre

And stuff still sold in shops - but less.

And as you say - 3 million unemployed. That could well happen again, and include you, me or anyone in that number.

That's why we should worry.

paulr

Only a work pension, but i put in 3%, they put in 7% so it would have to fall 70% and i'd still break even. No chance of that happening.

paulr

Worry yes, but panic.........no!

dpb

your not immune Paul - not even in deepest lincolncestcestershire

fatherpierre

When all the Eastern Europeans leave, there'll be some root veg to be picked

Gear Head

iTrader: (2)

He isn't saying that he is immune.

You can spend your whole day worrying, or you can live your life. As many others have said, if the sh&t does hit the fan, there is s*d all anyone can do about it anyway.

If you watch the news, you get told that houses prices are falling, so those who were about to buy, are holding off. The news also said this morning that energy and food prices are likely to fall before Christmas. Does this mean that Xmas is back on?

The only certain things in this life are death and taxes. Everything else is subject to change. Make the best of your situation (as many of us are now starting to do! ) and live your life.

TopBanana

And the swan population may recover.

Leslie

As you say you just don't understand what is happening and the mess which your hero's have allowed us to get into. It will get clearer as time goes by Paulr. Have you done any household shopping recently?

Have you included the permanent jobseekers, the school leavers without employment and those who have cobbled up reasons that they can't possibly work? You would be surprised if all those were added in.

Les

Dieseldog

Not exactly on-topic but if anyone's not reading the Daily Mash, have a look at these 2 stories about the banking crisis...

BANKS TO LEND YOU YOUR OWN MONEY

DOES ALISTAIR DARLING HAVE WHAT IT TAKES TO RUN SEVENTEEN BANKS AT ONCE?

Had me howling.

fatherpierre

LOL.

2nd link and the HBOS comment

The Chief

Unless you've got stacks of cash stashed away then i'd say your not immune and even then.....

People are losing their jobs in droves, some days i have dozens of old and new suppliers asking me if i'd like to buy x,y,z off them or they have this special offer blah de blah and it could and probably will get worse before it gets better i hope it doesn't but i personally think it will.

I work in manufacturing and we have been in business for 43 years and we've never been as quiet in our forty odd year history!!!!

To say i'm worried is an understatement!!!

SwissTony

iTrader: (19)

These guys saw it coming

How the markets really work (from 2007)

serega

That is quite a nice and humorous representation

dpb

bloody hell that links horribly familair presently Dieseldog


and those 2 ^^ never fail to amuse imo

stevebt

iTrader: (8)

I work for one of the largest housebuilders in the country and its hard to believe how the work has dried up and how many people have lost thier jobs. All this then inderectly affects loads of other jobs in all walks of life. Your job could be affected next

fatherpierre

Might be a good time to get quotes for my roof................

The ******* wouldn't even turn up to quote about 14 months ago.

stevebt

iTrader: (8)

Fatherpierre

now is a good time to get work done at a budget price, Plus I think you will find it easy to get someone.

fatherpierre

I'll put the feelers out.

Last year I had some silly quotes from those that bothered to show up.