The Credit Crunch
Did 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?
( , Thu 22 Jan 2009, 12:19)
Did 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?
( , Thu 22 Jan 2009, 12:19)
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dumbasses, the lot of 'em..
I think the thing I object to most (aside from the slack-jawed twat running the country refusing to admit that it was his policies that allowed what would have been a minor wobble to become a total fucking disaster) is the term Credit Crunch.
We're in recession, or at least a period of low economic growth. Are we to honestly believe that there are Economics professors discussing the current situation between themselves using the term "Crunch"? Or is it the product of some spiky-haired media-cunt who is now clutching themself with glee at the prospect of hearing their bit of copy-writing repeated ad nauseum?
I also object to the stupid red-arrow graphics that spiral all over the screen before plunging vertically downwards. If an economy has slowed down over two-quarters, it hasn't dropped vertically, you twunts. It is this level of Jeremy-Kyle-onomics that means morons are running round like it's the end of the world and "confidence" in banking is shot. When, in reality, bankers should be shot. And anyone who honestly believes that lending more than the value of a house by securing it against that house is a good idea should not be touted as a "financial expert" by the tabloid and sensationalist TV media.
I am truly sorry for those being made redundant in Swindon, etc, but the honest truth is that the UK car industry had been raped by over-inflated pay rises and over-staffing many years ago (remember Red Robbo and his ransoming of the UK car market in the 1970s/80s?), so I think this is more a case of things that were already crap just finally falling over.
We have a PM who, out of arrogance in his belief that economic cycles don't apply to him, ignored any possibility that income can go dow as well as up. He has borrowed billions, taking us from a healthy growing economy in 97 to utter ruin now...his solution? Borrow more cash to bail out the City in order to get banks to lend moeny. Why? The government OWNs Nothern Rock, so why don't they bail out the geenral public by using the Nationalised bank they now own to lend money. This will increase trade, which in turn will stimulate the other (non-nationalised) banks to start pulling their heads out of their assess and get things sorted out.
The fact they are talking about giving bonuses to Northern Rock staff for their "hard work" (what hard work, they sat tight whilst WE paid to cover for their fuckups!)is a total piss-take and should be stopped, as it's just saying to the other banks "you can act as irresponsibly as you want and we'll bail you out" - in fact, I think that the government should guaranteeing the savings and investments of the general public directly via Northern Rock (or the Post Office) - you can transfer your account there and they will back it, no questions asked. Then they can just let the cocky bastards in the City rip each other apart and go to the wall, as at least the general public would be protected.
I really should run this country...
( , Fri 23 Jan 2009, 12:41, 2 replies)
I think the thing I object to most (aside from the slack-jawed twat running the country refusing to admit that it was his policies that allowed what would have been a minor wobble to become a total fucking disaster) is the term Credit Crunch.
We're in recession, or at least a period of low economic growth. Are we to honestly believe that there are Economics professors discussing the current situation between themselves using the term "Crunch"? Or is it the product of some spiky-haired media-cunt who is now clutching themself with glee at the prospect of hearing their bit of copy-writing repeated ad nauseum?
I also object to the stupid red-arrow graphics that spiral all over the screen before plunging vertically downwards. If an economy has slowed down over two-quarters, it hasn't dropped vertically, you twunts. It is this level of Jeremy-Kyle-onomics that means morons are running round like it's the end of the world and "confidence" in banking is shot. When, in reality, bankers should be shot. And anyone who honestly believes that lending more than the value of a house by securing it against that house is a good idea should not be touted as a "financial expert" by the tabloid and sensationalist TV media.
I am truly sorry for those being made redundant in Swindon, etc, but the honest truth is that the UK car industry had been raped by over-inflated pay rises and over-staffing many years ago (remember Red Robbo and his ransoming of the UK car market in the 1970s/80s?), so I think this is more a case of things that were already crap just finally falling over.
We have a PM who, out of arrogance in his belief that economic cycles don't apply to him, ignored any possibility that income can go dow as well as up. He has borrowed billions, taking us from a healthy growing economy in 97 to utter ruin now...his solution? Borrow more cash to bail out the City in order to get banks to lend moeny. Why? The government OWNs Nothern Rock, so why don't they bail out the geenral public by using the Nationalised bank they now own to lend money. This will increase trade, which in turn will stimulate the other (non-nationalised) banks to start pulling their heads out of their assess and get things sorted out.
The fact they are talking about giving bonuses to Northern Rock staff for their "hard work" (what hard work, they sat tight whilst WE paid to cover for their fuckups!)is a total piss-take and should be stopped, as it's just saying to the other banks "you can act as irresponsibly as you want and we'll bail you out" - in fact, I think that the government should guaranteeing the savings and investments of the general public directly via Northern Rock (or the Post Office) - you can transfer your account there and they will back it, no questions asked. Then they can just let the cocky bastards in the City rip each other apart and go to the wall, as at least the general public would be protected.
I really should run this country...
( , Fri 23 Jan 2009, 12:41, 2 replies)
You know what....
....I'd probably vote for you!
Oh, I can can't I! Clicky!
( , Fri 23 Jan 2009, 12:48, closed)
....I'd probably vote for you!
Oh, I can can't I! Clicky!
( , Fri 23 Jan 2009, 12:48, closed)
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