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Thread: Our Economy..does it affect you?
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08-25-2008 #1
Our Economy..does it affect you?
~Kisses.
HTG
HURDLE #1: If guys would learn to stop over complementing, and not compliment every tranny (or girl) they see and talk to (so a girl would feel it was sincere and that she's special), maybe they'd get somewhere but a dead end! lol
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08-25-2008 #2
- Join Date
- Jul 2007
- Location
- London
- Posts
- 950
Hell yes. Thanks to all our idiot UK banks (I work for a bank, so I can say this) investing in your housing market the UK is officially in a bear market and recession. Which means:
Our spending goes down = everything from cigarettes to bread to holidays to services gets more expensive.
House prices fall = homeowners get into negative equity = families have less to leave their children and make less money as they move up the property ladder. (Upside of this is rent goes down...in theory)
Getting a mortgage, loan, credit card will be that much more difficult. Halifax and many others have all but shut down their lending dept and is retraining its staff into debt management.
And the greatest irony of all: These banks create the problem by encouraging people to borrow much more than they can afford, creating an unsustainable bubble, and then, when the bottom falls out, aggressively claiming back their money, leaving their 'customer's' with bad credit records and lives fucked up by worry and debt collectors.
And then these CEO clowns give themselves whopping great bonuses. All in a days work for them. Most are on a '4x4' salary (£400,000 with a £400,000 christmas bonus) anyway and will never feel the pinch of the disaster they have created.
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08-25-2008 #3
No due to the way I'm invested it takes some very big changes to hurt my daily living much.
One reason I don't think much was done as this developed, even if the bubble burst, the folks who were rich already were going to be fine, it was the folks who were working up from the bottom and the folks just living paycheck to paycheck who would get smacked.
Heard more than one guy say that everyone should have known better than to over extend.
I was in Australia when the bubble first burst... hit them like a hammer in currency value... scary.
Sean
Just one more nice guy finishing last...
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08-25-2008 #4
hell yeah !!!!!!
u will be fucking fat bitches in no time
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08-25-2008 #5
cost of living has increased greatly where the minimum wage has raised slowly.
It affects anyone who didnt invest in oil or technology before 2000.
blckhaze- A quickie in the back of a carriage going around Central park south
RubyTS- been there done that :P
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08-25-2008 #6
I'm in an odd position. Perfect credit, good income, but lousy long-term payment issues due to a death in the family (2005) and subsequent bumps.
If not for the 'credit crisis' (Caused by others) I wouldn't have a problem. But my balances rose, causing my rates to increase, doubling and tripling my payments, etc.
The only upside is that I live in Delawhere and all of those finance charge profits will be subject to the state's 2% franchise tax.
FUCK YOU, J.P. MORGAN/CHASE!
Smarmy bastiches!
"In times of universal deceit, telling the truth will be a revolutionary act." - George Orwell
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08-25-2008 #7
Are there any NASDAQ or FTSE listed stocks which have much exposure (pardon the expression) to the adult industry? Excuse the naiveity, but this is probably the best place to ask.
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08-26-2008 #8
- Join Date
- Jan 2007
- Posts
- 609
Been here b4 in the late 80s and early 90s. What amazes me is the collective amnesia of people regarding the markets (the housing mkt. in particular). I remember shelling out over half my monthly salary in mortgage payments and being in negative equity on my 1 bedder closet in Chelsea. And, I was making good money at the time as a bond trader. The market eventually bailed me out in the late 90s. But I swore then NEVER to over borrow again. It very nearly all went horribly wrong when I lost my job in the bond market crash of 1994.
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08-26-2008 #9
- Join Date
- Jul 2002
- Location
- Berlin
- Posts
- 221
According to my family back in NYC and MIA they are feeling the pinch especially at the pump and grocery stores...personally, I have not felt a thing in my neck of the woods. Too bad for the folks back there in the US of A...and apparently in the UK as well *rolling eyes*
"None are more hopelessly enslaved than those who falsely believe they are free."
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08-26-2008 #10
- Join Date
- Jan 2007
- Posts
- 609
Originally Posted by dgtlmstry
ceci n'est pas une signature.