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Post by Blackbird on Dec 3, 2008 14:02:56 GMT -1
I don't think the media are entirely to blame... we've the Yankee banks to thank for that. But they are guilty of whipping it all up, which has made things far worse than they need have been.
Personally, it hasn't affected me yet. Forever contrary, our household... my OH has just been promoted, so for the first time ever, we're going to be far better off. As we rent and don't have credit cards, there's not much they can sting us with. I'm imagining that recession will hit me in 2010 - people have already booked their weddings for 2009, but it's in the coming year as belts are tightened, that I might become too much of a luxury. (Still, I've got 3 bookings for 2010 already, so at least I'll have something coming in)
One of the drama schools I work at is closing down, partly due to 'market forces', but again, they've already booked me in for 2009, so that won't bite for another two years.
Spiritually - I refuse to get down on my knees and beg the gods for anything. Though I have been helped out financially by them before, I work on the basis of gifts freely given without expectation of return... they are gods after all, not customer services ;D
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Post by Tegernacus on Dec 3, 2008 14:31:31 GMT -1
The media are to blame for public hysteria, definately. There has been a lot in the news recently, headlines, about factory closures.. "credit crunch! save our jobs!". Thing is, those factories were on the way out anyway, the drop in demand caused by current economics was just the nail the coffin. Other businesses are on the up. I don't pay much attention to the news anymore, it's just all doom and gloom (and strangely enough, if you're amongst people who don't listen to/read the news, life is wonderful.)
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Post by Lee on Dec 3, 2008 15:46:27 GMT -1
I don't pay much attention to the news anymore, it's just all doom and gloom (and strangely enough, if you're amongst people who don't listen to/read the news, life is wonderful.) i totally agree. i dont have a TV and the only news i see is the science news on the BBC website  life is grand indeed for me. |
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Post by Craig on Dec 4, 2008 7:16:00 GMT -1
Robert Peston of the BBC is the evil mastermind behind it all  I've been saying this for nearly a year now! I'm glad others can see it too. |
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Post by chris on Dec 4, 2008 10:35:07 GMT -1
I don't watch the news I must admit - only the weather if it's supposed to do something interesting like snowing. It didn't - we got rain last night ....
But my hubby is a bit of a financial forums geek (*sigh*) and apparently there have been lots of complaints about Robert Peston to the BBC about him being a conduit for leaks in Treasury information. Complaints about him have also been filed with the FSA 'cos it's actually illegal for him to propagate the sort of info he has been through the media.
So, Craig, you are quite right.
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Post by Midori on Dec 6, 2008 12:52:19 GMT -1
Up to last week the credit crunch was biting me hard, but thanks to my MP I have now received my pension! (I'm sure the Government would like nowt better than for State Pensioners to succumb to cold or starvation this year!) It'd save them SOOOO much money!
Thankfully, I'm no longer in that position, but I got down to the last pennies in my purse before I got any cash out of them! (they sent me a Giro for part of it, and I had to trek 7 miles to get it! Fortunately, I had my son with me to make sure I didn't trip over myself, but I was in a state of near collapse at the end of it!
Like Jez, I hve a house I need to sell, to fund repairs on the one I inherited last year, but the housing market isn't great right now.
Like others here, I'm not a person to take credit if I can possibly avoid it. I was always taught that if I didn't have the money, I couldn't have whatever it was I wanted. Nowadays I'm glad I was taught that.
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Post by clare on Dec 7, 2008 16:12:32 GMT -1
There's a huge amount of sense there. So far the crunch has been a blessing, we can afford to buy stuff we have very seldom been able to, from grub to shoes, but I'm genuinely sad to see Woolies go, replaced by Waitrose which is curious economics. In this area established shops are shutting to be replaced by *shudder* galleries and coffee shops, Portobello has become a middle class Disneyland.
We even got our holiday dirt cheap and were able to save up for it!
But things feel lousy in terms of how unhappy and stressed people are. What would happen if CF upped and moved to, say, Portugal or Australia where the economics and standards of living are much higher; would the Gods follow? (Back to 'American Gods', eh?!)
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Post by alfvin on Dec 16, 2008 12:24:22 GMT -1
With the pound weakening against the Euro so much, I'd loose shed loads of money if I changed my sterling now, so I have to leave it untouched and hope for the best. Pensioners here are 60 Euros a week worse off that they were just 2 months ago.
Alfvin
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Post by chris on Dec 16, 2008 19:22:14 GMT -1
I know, I've been thinking of you Alfvin.
Bizarrely, the same dynamic is excellent for me - it helps my overseas customers no end!
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Post by alfvin on Dec 21, 2008 12:22:19 GMT -1
Hi Chris,
Nice to know someones been thinking of me. Well I've earned my first Euros, so once that begins to happen on a regular basis, I don't suppose it'll matter too much. My money will have to sit in the bank at a modest 4. something interest while I get by on my slush fund. I think we'll ride it out and be ok in the end.
Still at least the weather is nice.
Happy Yule Chris
Alfvin
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Post by chris on Dec 21, 2008 21:11:17 GMT -1
And you too, Alfvin.
Happy Yule me dear.
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Post by aelfarh on Dec 23, 2008 19:11:31 GMT -1
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I've been saying this for nearly a year now! I'm glad others can see it too.