Wooooooooo my predictions are still on course to come true... recession for 2009 imho!



BBC News Report

Bad shit !

Ive lost £3 to this mini crash

lol how did you do that?

Matty, if people ain't careful it might be earlier than 2009.

Dunno lol

Still as always its down to the US markets everyone getting
nervous.

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!


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!!!!

I'm glad a went bankrupt when i did. no payments now apart from the focus.

Happy days

It's not so much that I want to, its more that I have to due to hosue prices being so high.

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

Mark, Are you sure it's not the government using your money to buy shares in northern rock to help bail them out

Wouldn't surprise me GITS

No, that was the £1800 he lost last week