The Credit CrunchDid you score a bargain in Woolworths?
Meet someone nice in the queue to withdraw your 10p from Northern Rock?
Get made redundant from the job you hated enough to spend all day on b3ta?
How has the credit crunch affected you?
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chthonic, Thu 22 Jan 2009, 12:19)
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The percentage thingThe big stores are either too highly indebted to the banks or their business model is based on very bad forecasting! If you're cash-rich (a relative term) 3% is no biggie. If you have everything in hock to the bank based on a forecast 3% is a disaster.
(, Fri 23 Jan 2009, 9:32, 1 reply)
ExactlyShows how dodgy the "business model" of the big chains is. It can only work during periods of unlimited credit.
THIS IS A GREAT TIME TO SUPPORT YOUR LOCAL SMALL BUSINESSES, PEOPLE. Spend at a local shop and about 80% of that money stays in the local economy; spend at a multiple and about 80% disappears from your local area.
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Olembe Refuses to write in this space, Fri 23 Jan 2009, 9:33,
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