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Coping with the CREDIT CRUNCH?
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Bazzer
Estate Manager


Joined: 23 Nov 2006
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PostPosted: Wed Jul 23, 2008 6:03 am    Post subject: Reply with quote

Got to get paid yet!!!!!
2p. in the £1 keep you going?


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Why do "New Age Travellers" have old caravans and "Old Age Travellers" have new ones?

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donthre
Assistant chief bovine bottom inspector


Joined: 24 Nov 2006
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PostPosted: Wed Jul 23, 2008 9:29 am    Post subject: Reply with quote

lefthandandy wrote:
strange ive never been so busy got booked right up till october  and still quoting


That's interesting Andy - what trade are you in ? building of some sort ?

Surprising thet you should have more bookings now than in the "boom times" though - have you been doing it long ?
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lefthandandy
85 watts somewhat less enlightened..


Joined: 29 Nov 2006
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PostPosted: Sun Jul 27, 2008 4:39 pm    Post subject: Reply with quote

donthre wrote:
lefthandandy wrote:
strange ive never been so busy got booked right up till october  and still quoting


That's interesting Andy - what trade are you in ? building of some sort ?

Surprising thet you should have more bookings now than in the "boom times" though - have you been doing it long ?


Painting and Decorating, which has been my trade for approx  27 years(yawn) still enjoy it and you do get a few perks being self employed buy the way can you run that by me again about them elliot gould waves Confused
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donthre
Assistant chief bovine bottom inspector


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PostPosted: Mon Sep 15, 2008 5:17 am    Post subject: Reply with quote

The deadline for LEHMAN Bros to file for bancruptcy was 17 minutes ago - we have heard nothing.  Shocked

Fanny Mae & Freddy Mac were bailed out (a bit) a week or so ago.  Shocked

BANKS are going bust  Shocked  Confused

What's so unusal ?

a) This has not happened since Pre- 1900

b) Prechter said this would have to happen before the end - He forecast that the Fed would not be able to fund the sums necessary to rescue them - without entirely destroying the dollar's foreign credibility.

OMG - This is actually serious stuff.
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donthre
Assistant chief bovine bottom inspector


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PostPosted: Mon Sep 15, 2008 5:34 am    Post subject: Reply with quote

donthre wrote:


.......... - as the BAnks collapse like houses of cards & Governments are powerless to rescue them )..............


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Bazzer
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Joined: 23 Nov 2006
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PostPosted: Mon Sep 15, 2008 8:42 am    Post subject: Reply with quote

They announced it round about 07.00.
Now there is also Merryl Lynch and AIG in the poo.
America's enconomic big boys are starting to drop like flies and pressure is already mounting on the Dollar. Tomorrow could really tell when the Chinese and Japanese Stock Markets reopen after a holiday.
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lefthandandy
85 watts somewhat less enlightened..


Joined: 29 Nov 2006
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Location: epsom,surrey

PostPosted: Mon Sep 15, 2008 8:22 pm    Post subject: Reply with quote

Yikes Shocked and it looks like things are going to be worse come winter,
as i said before on this thread my works going from strength to strength
booked up right to crimbo now Very Happy  and for someone like me who has been in the credit crunch for the past 14 years being self-employed dont advertise etc.. best year ever thou i have been told not to buy the boat yet
Crying or Very sad
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hillbilly
Country Bumpkin


Joined: 23 Sep 2007
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PostPosted: Wed Sep 24, 2008 9:09 pm    Post subject: Reply with quote

glad to see someones reeping the benefits of the resetion,personally its getting worse ,in the passed two year the mortgage has gone up half as much again,car reposesed ,no pay rise,so looking forward to living on the road again,mortgages who needs them,it wont be long before its repode they cant get money from you if they cant find you ,long live travelling. Very Happy  Very Happy  Very Happy
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donthre
Assistant chief bovine bottom inspector


Joined: 24 Nov 2006
Posts: 1954
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Location: Cambs/Northants

PostPosted: Sun Sep 28, 2008 7:17 pm    Post subject: Reply with quote

If times are really desperate, bancruptcy is a viable option - only lasts a year  Very Happy (apparently) & you don't have to run away & keep looking over your shoulder - any solicitor will be able to help with the forms etc. After a year - you're free & clear  Very Happy

Personally I'd have a good splurge on whatever credit I could get - first - Sheep & lambs & all that.  Cool

Have you all heard the D*** head Cameron ? saying he'd be prudent & balance budget over the cycle etc etc - "Gordon Brow's fault" - which in many ways it is, Then he goes & wrecks it by saying he'd make the Bank of England act as liquidator for Banks that got in trouble & the financial damage would lie where it fell (the creditors)  Shocked

Sounds logical & might win him votes - BUT the whole problem of "Credit Crunch" atm is Because the "Creditors" (other banks & wealthy individuals & companies ) are frightened of lending money to other banks through the inter- bank loan system for Exactly the reason that that's what they're frightened of - Both Brown & Bush (the FED) are desperately trying to allay those fears with their various "Rescue packages" & this "T***" is ensuring that the crunch will bite Harder because Nobody will want to be a "Creditor to the banks" when (& now IF) he gets into power - the LIBOR availability will be crippled even more by this STUPID statement - What a jerk.  Evil or Very Mad  Evil or Very Mad  

Now they will lend money In America - but Not in BRITAIN  Mad

Looks like we're Really stuffed now  Evil or Very Mad - All except Andy that is  Cool
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Bazzer
Estate Manager


Joined: 23 Nov 2006
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PostPosted: Mon Sep 29, 2008 8:36 am    Post subject: Reply with quote

Why not bail out the savers with more than £35k? Confused
As for the Investors. Tough shit. Mad  
You took the Dividends for years and now it's reversed. Enjoy watching your pension fly down the swannee. Did no one tell you "The value of shares can fall"? Shocked
City boys handing the keys to Houses, Cars, Boats back? Crying or Very sad  
So welcome to the real world and the Benefits Office is in the phone book and no, Benefit is not earnings related.
Mince can be made to taste nice by the way and Tesco's do a good range of "Under a Fiver" plonk.
Enjoy .
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Why do "New Age Travellers" have old caravans and "Old Age Travellers" have new ones?

Welcome Home Op. Herrick 8.
Thoughts to those who will not have anyone to meet


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