http://www.independent.co.uk/news/b...omy-to-drop-out-of-worlds-top-10-1835493.html
it's all over. We're doomed. time to emigrate to warmer climes.
it's all over. We're doomed. time to emigrate to warmer climes.
Great Britain RIP
- Thread starter Olly
- Start date
Quite honestly, who is still deluded enough to think that we're ever going to recover from the recession? (apart from leading economists who seem to believe that mass consumption and virtual trading/quantititive easing is actually going to get the money rolling back in...common sense this ain't. 
)
The way it will affect each of us depends on our standpoint. Those that put massive amounts of importance on wealth and financial status will probably suffer - especially those with massive debt. (granted families with children to support may have a tough ride also - but again, community is more important than gross earnings.)
Generally I think it'll do us good to stick around and have a look at what's on the other side of all this. We might just like it.
Like I always keep saying - being in London during all this is like having good seats at a great gig. Just wait till the riots kick off (ETA 2-3 years?)
Do we really need money to have a good time? = NO.
Did money ever really inject any creativity into a music scene? = NO (the opposite in fact)
China Whites, Mahiki and pseudo warehouses like Fabric Vs run down community driven squats with no drink promos and city boys in shirts? (I know where I'd rather be.)
)The way it will affect each of us depends on our standpoint. Those that put massive amounts of importance on wealth and financial status will probably suffer - especially those with massive debt.
(granted families with children to support may have a tough ride also - but again, community is more important than gross earnings.)Generally I think it'll do us good to stick around and have a look at what's on the other side of all this. We might just like it.
Like I always keep saying - being in London during all this is like having good seats at a great gig. Just wait till the riots kick off (ETA 2-3 years?)
Do we really need money to have a good time? = NO.
Did money ever really inject any creativity into a music scene? = NO (the opposite in fact)
China Whites, Mahiki and pseudo warehouses like Fabric Vs run down community driven squats with no drink promos and city boys in shirts? (I know where I'd rather be.)
Well said. 8)
Though I think the "socialist" idealists had their chance with Labour, who swiftly turned to the right, and, frankly, ****ed it. I fear the country will take a few elections to forget the memory of the negatives associated with the Blair/Brown era, much like they did post Maggie.
I fear the damage has been done with regards to personal freedom/state control/the power of the moneyed to ever see the battle being effectively taken to the streets but here's hoping
They can fu(k right off if all this makes interest rates rise though
ive given up even bothering to worry about the economy/job move for upto the next 6 months - eps with the election coming up, everything seems to be in limboland.
we all know it aint gonna improve enough to get out of his hole in the short term, im waiting to see how much Brown and Co can manage to **** it up even further!
'Business as usual' and 'normal' being the hierarchical (and frankly vomitous) society we've all become quite well adjusted to?
It's not that inconceivable Morbs - the country was in a very similar state to this in the early 90s. All signs are pointing towards a 'recovery'
?) which is steeper than that one.agentundercover
Active Member
The second crash will start to happen around Juneish, when the impact of public spending taps being turned off does not correlate with the return to life in the retail market/commercial property market etc by approx 12 months.
This is what will happen & it will not be good. Property still has say 10% to go.
Being overtaken by italy....i'm boycotting pizza.
Morbyd
Moderator
Variable rate? Why in this market wouldn't you go for fixed??!They can fu(k right off if all this makes interest rates rise though
Primarily because the fixed rates aren't fixed at the current level! (and my research advised that the 2-5 year outlook was looking pretty rosy for rate changes). And they're easier to 'manage' (as in no surprises or stress come re-mortgage time)
The various permatations of future rate change combos really alluded that a variable rate would be preferable. I did think about it for quite a bit
West London Shadow
Active Member
The City accounts for circa 30% of UK GDP. Darling et al are doing their best to destroy it. Lose the City and the wheels really will fall off.
Yes I guess when you put it like that.
But still, everything has seasons and what goes up, must come down.
Granted, a lot of people do think this will be over soon and those opinions are to be respected too...but I genuinely don't. Especially when the very people who got us in this mess are using exactly the same methods to get us out of it.
I realise I must sound like a right bloody Mr Smuggins sat rubbing his hands together willing the collapse of the financial system.
It certainly wouldn't be the easiest thing for many people to face but I still can't help but think a huge wake up call like this could be a positive thing for all in the long term. If it's not, we'll all just have to walk around like prophets of doom, sink into a depression and form a suicide pact. Yes I guess when you put it like that.
But still, everything has seasons and what goes up, must come down.
Granted, a lot of people do think this will be over soon and those opinions are to be respected too...but I genuinely don't. Especially when the very people who got us in this mess are using exactly the same methods to get us out of it.
I realise I must sound like a right bloody Mr Smuggins sat rubbing his hands together willing the collapse of the financial system.
Seriously, I agree with a lot of what you say in terms of the downturn having a big impact on what people attach importance to.
I think it's made a lot people pull their heads out of the sand and realise that they can get by without the new car and the luxuries they used to feel almost entitled to. And guess what? They aren't any unhappier as a result.
In my circle of friends, some have been badly affected, some haven't, but it's given all all of us clarity - more of a "there but for the grace of god go I" attitude, rather than a smug one.
We're all still suckling from the evil teat of capitalism, but at least it seems we don't need the tit to be as big
Morbyd
Moderator
Maybe I'm lucky because I've never been very materialistic* and I long ago learned the evils of life on credit, but I haven't adjusted my lifestyle much at all in this recession. I'm helped, of course, by the fact I still have a job, but also hurt by the substantial decline in the ruble exchange rates.
If the crisis teaches people, in the UK or anywhere, that a car like the Peugeot 107** will get them from a to b just as well as a Range Rover, then yes, there's some good to all this. If these lessons can be ingrained so that they aren't forgotten as soon as wallets fill up again, even better.
But I don't think there will be, nor that there needs to be, some major change in the capitalist system. A bit more regulation of the financial industry, maybe. Otherwise, it's just another valley in the boom-bust cycle. What does not kill us, makes us stronger!
*Except for gadgets.. I do like my gadgets
** Shameless product placement
All that soon got forgotten after the last recession.
Maybe I'm lucky because I've never been very materialistic* and I long ago learned the evils of life on credit, but I haven't adjusted my lifestyle much at all in this recession. I'm helped, of course, by the fact I still have a job, but also hurt by the substantial decline in the ruble exchange rates.
If the crisis teaches people, in the UK or anywhere, that a car like the Peugeot 107** will get them from a to b just as well as a Range Rover, then yes, there's some good to all this. If these lessons can be ingrained so that they aren't forgotten as soon as wallets fill up again, even better.
But I don't think there will be, nor that there needs to be, some major change in the capitalist system. A bit more regulation of the financial industry, maybe. Otherwise, it's just another valley in the boom-bust cycle. What does not kill us, makes us stronger!
*Except for gadgets.. I do like my gadgets
** Shameless product placement
This is my view in general, except for the bit about the Peugeot 107...
picking up the new oil burner on the 19th and i cant fooking wait!
I'm with morbs on this one, ive suckled on at least 8 capitalist teats at the same time, and have been suffering a post teat suckling hangover as soon as i got the sand out of my ears.
its all about needs and wants and making a well thought out decision on what is required from the purchase.
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This may well be the case but despite the Peugeot we're still fukced!
Too many babies being born, too much damage to the planet, overspending, bad distribution of wealth, threats of another Tori government and (eek) Sarah Palin.
Something's got to give, and this system, precious as it is when looking at your (sorry our) lot can't sustain itself through moderations like choosing a cheaper and more fuel efficient car.
Too many babies being born, too much damage to the planet, overspending, bad distribution of wealth, threats of another Tori government and (eek) Sarah Palin.
Something's got to give, and this system, precious as it is when looking at your (sorry our) lot can't sustain itself through moderations like choosing a cheaper and more fuel efficient car.