hmmm
i find this whole recession thing mighty confusing. i'm quite young and i still live with my parents.we've never had much and have always lived within our means but my dads just resigned from his job which he has hated for years so now i have no idea whats going to happen. my dad has always been in work since i was born. but his age and lack of qualifications may have a hinderence on him finding a new job so money is tight. luckily he's just finished paying off the morgage so its only bills and council tax to worry about.

i've decided not to watch the news anymore or read any newspaper stories on the recession. its made me worry too much about whether our family will be able to weather the storm. i'm surely not the only person in the country who doesnt really understand whats going on and all the scaremongering surely cant be helping the situation.

i'm offically pleading ignorance.
(fernbrittonsexcessskin will give a shit later, Fri 23 Jan 2009, 10:57, 3 replies)

What age are you?
If you're under 18 then you might be able to get away with burying your head in the sand. If you're an adult, do some basic reading and get a clue.
( crackhouseceilidhband Fuck off back to Mumsnet, Fri 23 Jan 2009, 12:58, closed)

21
i understand what a recession is and what has to happen for it to be called that. its all the percentages and gdp's and how the government got in that state by lending i just dont get. not everyone reads the FT or studied economics and applied math. so its no wonder a lot of people are left a bit confused as to whats happening to their money.
(fernbrittonsexcessskin will give a shit later, Fri 23 Jan 2009, 14:20, closed)

Not much is happening.
Noone really understands how economies work - they're too complex and people are non-rational. But we can talk meaningfully about trends. The trend at the moment is that there's been 10 years of solid growth. Chinese and Indian growth, alongside low oil prices, has meant that we've got over-exuberant. That created a bubble.

The bubble has burst. Now we've swung back the other way - probably too far. This time in two years it'll all be over.
( Enzyme is powered by sunlight, Fri 23 Jan 2009, 14:46, closed)