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Joined: Aug 2004
Posts: 22,315 Likes: 1
Wiki Master
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OP
Wiki Master
Joined: Aug 2004
Posts: 22,315 Likes: 1 |
Global stock indexes, including the UK FTSE 100, have fallen their most since the terrorist attacks of September 11 2001 amid fears of a recession.
The FTSE 100 index tumbled 5.5% to 5,578.2, wiping £84bn ($163bn) off the value of its listed shares.
Indexes in Paris and Frankfurt slumped by about 7%, while markets in Asia, India and South America also dropped.
Investors questioned whether a recent plan to boost the US economy would be enough to avert a full-blown recession. Wooooooooo my predictions are still on course to come true... recession for 2009 imho!  BBC News Report
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Joined: Nov 2003
Posts: 21,269 Likes: 4
Wiki Master
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Wiki Master
Joined: Nov 2003
Posts: 21,269 Likes: 4 |
Bad shit ! Ive lost £3 to this mini crash 
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Joined: Aug 2004
Posts: 22,315 Likes: 1
Wiki Master
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OP
Wiki Master
Joined: Aug 2004
Posts: 22,315 Likes: 1 |
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Joined: May 2004
Posts: 6,261
Wiki Guide
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Wiki Guide
Joined: May 2004
Posts: 6,261 |
Matty, if people ain't careful it might be earlier than 2009.
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Joined: Nov 2003
Posts: 21,269 Likes: 4
Wiki Master
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Wiki Master
Joined: Nov 2003
Posts: 21,269 Likes: 4 |
Dunno lol
Still as always its down to the US markets everyone getting
nervous.
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Joined: Apr 2006
Posts: 12,369 Likes: 2
Wiki Master
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Wiki Master
Joined: Apr 2006
Posts: 12,369 Likes: 2 |
I hope you're right Matty. I'm waiting for a recession in the housing market
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Joined: Aug 2004
Posts: 22,315 Likes: 1
Wiki Master
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OP
Wiki Master
Joined: Aug 2004
Posts: 22,315 Likes: 1 |
I hope you're right Matty. I'm waiting for a recession in the housing market Great minds think alike. Some may call me a vulcher... I see it as having good financial sense lol! Matty, if people ain't careful it might be earlier than 2009. So true Daz, people cannot keep spending more and more on credit and expect it to last... the hard times are just around the corner imho. I like the way the government try and make out we have never had it so good and everyone lives a life of luxury under Labour, what they forget to mention is that everyone is living this life on credit! Did you know, this country has 1.3million million (yes you saw that right, a real British billion, or a US trillion) pounds worth of debt!! And we are facing interest payments of £83billion this year alone!!!!
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Joined: May 2004
Posts: 6,261
Wiki Guide
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Wiki Guide
Joined: May 2004
Posts: 6,261 |
I'm glad a went bankrupt when i did. no payments now apart from the focus.
Happy days
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Joined: Apr 2006
Posts: 12,369 Likes: 2
Wiki Master
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Wiki Master
Joined: Apr 2006
Posts: 12,369 Likes: 2 |
I hope you're right Matty. I'm waiting for a recession in the housing market Great minds think alike. It's not so much that I want to, its more that I have to due to hosue prices being so high.
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Joined: May 2004
Posts: 6,261
Wiki Guide
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Wiki Guide
Joined: May 2004
Posts: 6,261 |
Jow, just remember most banks offer now 5x your wages, so when the prices fall so will what the bank offers, it will go back to 3.5x your wages so at the moment i can get £100000 for a house apprently. but when house prices fall and i go the bank to buy that 5 bedroom house ive got my house on for £95000 they will laugh at me cos they will only lend me £70000 less deposit
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Joined: May 2004
Posts: 6,261
Wiki Guide
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Wiki Guide
Joined: May 2004
Posts: 6,261 |
Bad shit ! Ive lost £3 to this mini crash Mark, Are you sure it's not the government using your money to buy shares in northern rock to help bail them out
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Joined: Nov 2003
Posts: 21,269 Likes: 4
Wiki Master
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Wiki Master
Joined: Nov 2003
Posts: 21,269 Likes: 4 |
Wouldn't surprise me GITS 
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Joined: Aug 2004
Posts: 22,315 Likes: 1
Wiki Master
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OP
Wiki Master
Joined: Aug 2004
Posts: 22,315 Likes: 1 |
Bad shit ! Ive lost £3 to this mini crash Mark, Are you sure it's not the government using your money to buy shares in northern rock to help bail them out No, that was the £1800 he lost last week
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