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-   -   Credit Crunch Over ??? (https://www.scoobynet.com/non-scooby-related-4/729924-credit-crunch-over.html)

Will 06 December 2008 08:54 PM


Originally Posted by fatscoobfella1 (Post 8328345)
Not at all...16x14..

Flooring was nearly 2k tho....:cry: :cry:

:eek:

For 9.5k though id tell the other half that id want good use from the bedroom;) :lol1:

Petem95 06 December 2008 08:56 PM


Originally Posted by njkmrs (Post 8328389)
Spend within your means .
Surely if everybody hoards their money ,it will leave the economy stagnant and more people will end up out of work .??


I am not saying go and hammer the Visa .

yeah know what you're saying njkmrs, but the amount of money people 'have' has been an illusion for the last 10 years - it's mainly been debt, and the bubble has now popped. People need to spend in their means like you say, but realistically this means spending far less than they have been doing, and obviously a lot of retailers will go under as a result.

In countries like the UK we've all been driving flash cars, 40" plasma at home, wearing designer clothes and working mainly in 'service sector' jobs, yet in China and other developing countries they're often living without electricity even, and working in factories making products for us.

There is going to be a lot of rebalancing IMO - their living standards will rise as they start consuming more of their own products, and ours will fall as our currencies devalue and we have less spending power in the global economy as a result.

njkmrs 06 December 2008 09:05 PM


Originally Posted by Petem95 (Post 8328417)
yeah know what you're saying njkmrs, but the amount of money people 'have' has been an illusion for the last 10 years - it's mainly been debt, and the bubble has now popped. People need to spend in their means like you say, but realistically this means spending far less than they have been doing, and obviously a lot of retailers will go under as a result.

Yes your quite right .People have thought oh my house is worth X so i can borrow against that,I am rich .
I did not expect house prices to fall like they are ,I must admit,but I have spent in line with what I could afford at the time ,and will continue to do so .
If people get sensible then they have a chance of getting through .

But many will learn a hard lesson .

Clarebabes 06 December 2008 09:05 PM

Woo, sod the credit crunch, I just won £246 on our work bonus ball! Wooooo!!!! :D

njkmrs 06 December 2008 09:08 PM


Originally Posted by Clarebabes (Post 8328449)
Woo, sod the credit crunch, I just won £246 on our work bonus ball! Wooooo!!!! :D

Id bang a few extra lines on the Lottery now .Ur on a roll girl ...

Clarebabes 06 December 2008 09:46 PM

I didn't win the lotto. Think I've had my luck this week :)

scooby(puppy power) 07 December 2008 09:57 AM


Originally Posted by scoobynutta555 (Post 8327850)
Sold my Impreza and bought a load of shares in the company I work for. Lots of people trying to sell cars seem to be asking unreasonably high prices then moaning about nothing selling. It will sell if it's properly priced!

Thinking about putting one of my houses on the market next spring as well for another project.

quite a few bought a load at the oldham plant when they dipped the other month and doubled there money in a week

and theres a cpl who have still got every share they have been given or bought in the share save feel sorry for them

Leslie 07 December 2008 10:55 AM


Originally Posted by njkmrs (Post 8327446)
Thought I would do my bit to kickstart the economy .
Started spending again .
Just treated myself to .......


















Setanta sports added to Sky Package !!!!!!!!!!

Well u have to start somewhere .
Come on folks doom and gloom over .
It was all in the mind :cuckoo:

You must be very easily persuaded! It has not even started to show the real effects yet.

Les

njkmrs 07 December 2008 11:47 AM

I am .
Two beers and the world looks much better .
Try it .!!!!!

Leslie 07 December 2008 11:54 AM


Originally Posted by njkmrs (Post 8329170)
I am .
Two beers and the world looks much better .
Try it .!!!!!

I was ahead of you!

Les :D

njkmrs 07 December 2008 11:57 AM

Too many people about looking at a half empty glass .!!!!!

scoobynutta555 07 December 2008 05:37 PM


Originally Posted by scooby(puppy power) (Post 8328987)
quite a few bought a load at the oldham plant when they dipped the other month and doubled there money in a week

and theres a cpl who have still got every share they have been given or bought in the share save feel sorry for them

Same at our place. Some bloke still has the shares from a few years back, I cashed mine in and doubled my money (20k) whilst he's looking at a grand for his 10k imput. :cuckoo:

I wanted to get mine when they were at 25p but had to wait for the funds and the account to be set up. There's more redundos at our place, named next week.


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