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UK getting close to the next depression.


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Author Topic: UK getting close to the next depression.  (Read 4390 times)
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« on: February 01, 2008, 12:34:46 pm »

Anyone think we shall be hitting a depression, from all I've read about the wallstreet crash (not much) it wont be good (duh LOL).
And most of this can be blamed upon northern rock, yet that can be blamed upon the government for continuing to fund them when they where going strait down hill.

But as for what it would do to the country it wont be good, a lot of the communitys are already very unstable and the amount of suicises caused after wallstreet crash I would think will be much stronger in the UK.

So who thinks the UK will pull out of this trouble?
Gordon Brown doesn't have it in him I don't think hes already screwed up enough.
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« Reply #1 on: May 30, 2008, 07:34:35 am »

well it's not goign to be a real depression, under gordon brown britian has managed to have a record 12 years of sustained growth. you've got to go down by a percent or two sometime. this depression isn't goign to be us all out of work not by a long shot.

another thing, will people in this country understand that when you're a shareholder you own part of a company, it's not a fucking lottery. compnay make no money you get no money.  I couldn't beleive my ears when shareholder sin northern rock wanted to eb compensate dby the government. why? the company went bust they spent all your money why should we compensate you? you weren't goign to give the rest of the country any of you're sharholder profits were you???
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« Reply #2 on: May 30, 2008, 11:32:16 am »

That wasn't the main problem.

If you have your money in a bank and they go bust you have the right to be compensated of a maximum of 30kGBP.

The only reason they went down hill so fast is because all the people taking their money out, if they left their money in the bank it would of continued to run well, it can easily be blamed upon the media.

But the credit crunch was caused by america not the UK, they where going down hill way before the UK was, and due to their businesses being operated in the UK as well it hit the UK hard, causing banks to become scared to lend money to each other.
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« Reply #3 on: June 03, 2008, 08:26:32 am »

The US & the UK have been suffering because of the money spent on the "war on terror" <- :Smiley which is affecting the economy.
And most of the UK is fairly depressed already.  Wink
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« Reply #4 on: June 10, 2008, 08:06:21 am »

yeah, I agree witht he war on terror angle.

It caused the oil prices to skyrocket which basically screwed everyone.

how can the oil companies charge so much for pertol AND post record profits? Surely, they should cut back on their profits to make the prices more reasonable. I think we should have thme all shot for profiteering. hell, we're shooting innocent iraqi's and Afghanistans every day, it's time we shot some people who deserved it.
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« Reply #5 on: June 10, 2008, 10:16:56 am »

If they put their prices up the government have to put their prices down Wink.
Its brilliant tactics I think personally.
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« Reply #6 on: August 11, 2008, 03:10:46 pm »

I think we're basically in a depression now. gass prices, bread prices etc must have pushed us over the top. it's been going on for nearly 2 quarters now hasn't it?
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« Reply #7 on: August 12, 2008, 07:49:46 am »

I heard on the news agencies are only selling 1 house a week!
Try buying own brand breads they are pritty cheap, especially tesco's

I heard on the news that its now 1.7 million are unemployed now in England, nothings looking up at the moment.
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« Reply #8 on: August 17, 2008, 02:58:46 am »

fuck estate agents. that's still 10% commission on a 100,000 property (10,000) a week minimum.

I can't afford to get on the property market with house prices so high. they've screwed he lot of us. why? they pushed house prices soo high for greed. now everyone took out large loans on their home, and the credit crunch has taken effect.
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« Reply #9 on: August 18, 2008, 06:34:47 am »

Its not about greed, its measured against the economy keeps rich people here and poor people out. well then yeah its about greed then Grin.

Government are taking interest down though I've heard, to avoid a resession.
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« Reply #10 on: August 18, 2008, 09:49:35 am »

Actually taking them to court for profiteering is a good idea.
Scare the crap out of them even if you dont win.
The UK is in a state of war so thats a sound legal basis.
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