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    Global Economic Downturn

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    Mr Torrie Wilson

    Number of posts : 301
    Age : 34
    Location : Purgatory
    Registration date : 2008-10-03

    Re: Global Economic Downturn

    Post  Mr Torrie Wilson on Wed Oct 08, 2008 1:53 pm

    So... I owe myself money?

    What if I can't pay? Do I have to take myself to court? The thing is, I wouldn't put it past myself to take matters into my own hands to get my money back. I just know this is going to start with me throwing bricks through my windows and end with me pistol whipping myself in an abandoned warehouse.
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    Garibaldi
    The Higher Power

    Number of posts : 1401
    Age : 44
    Location : First in line for the funny farm
    Registration date : 2008-09-15

    Re: Global Economic Downturn

    Post  Garibaldi on Wed Oct 08, 2008 2:39 pm

    Hector_Nicols_Accordian wrote:That was nice today. The government borrowed a load of our money to lend to the banks in order that they can lend it back to us again. Great idea that one.

    I thought this whole crisis was caused by people getting too much credit and borrowing too much money so why are they trying to get the banks to start lending us money again?

    And the stupid cut in interest rates. Now the interest people will earn on their savings will be so low compared to inflation that you will lose a lot of money through saving, it's just like being charged to keep your money in the bank which we now part own.

    more importantly, the chances of that cut being passed on to mortgage customers? Absolutely no hope. Evil or Very Mad


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    Crippin

    Number of posts : 52
    Registration date : 2008-10-01

    Re: Global Economic Downturn

    Post  Crippin on Thu Oct 09, 2008 4:00 am

    Woohoo ! Interest rate cuts, just remortgaged with a tracker mortgage. That means we save money on our mortgage even though we've only just started it ! Probably save around 100 pounds a months or some such amount..

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    Guest

    Re: Global Economic Downturn

    Post  Guest on Thu Oct 09, 2008 4:26 am

    I bank with Nationwide so *knocks on wood* I should be ok as they don't have shares.
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    showstealer

    Number of posts : 1977
    Age : 74
    Location : The 3rd Division.
    Registration date : 2008-09-17

    Re: Global Economic Downturn

    Post  showstealer on Thu Oct 09, 2008 10:27 am

    Mr Torrie Wilson wrote:So... I owe myself money?

    What if I can't pay? Do I have to take myself to court? The thing is, I wouldn't put it past myself to take matters into my own hands to get my money back. I just know this is going to start with me throwing bricks through my windows and end with me pistol whipping myself in an abandoned warehouse.

    You also owe me money. Evil or Very Mad Mad


    And I owe you money... pale
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    Mr Torrie Wilson

    Number of posts : 301
    Age : 34
    Location : Purgatory
    Registration date : 2008-10-03

    Re: Global Economic Downturn

    Post  Mr Torrie Wilson on Thu Oct 09, 2008 11:04 am

    ShowStealer wrote:
    Mr Torrie Wilson wrote:So... I owe myself money?

    What if I can't pay? Do I have to take myself to court? The thing is, I wouldn't put it past myself to take matters into my own hands to get my money back. I just know this is going to start with me throwing bricks through my windows and end with me pistol whipping myself in an abandoned warehouse.

    You also owe me money. Evil or Very Mad Mad


    And I owe you money... pale

    Call it even?
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    Bradshaw101

    Number of posts : 163
    Age : 32
    Location : Aberdeen
    Registration date : 2008-09-16

    Re: Global Economic Downturn

    Post  Bradshaw101 on Sat Oct 11, 2008 9:51 am

    Hector_Nicols_Accordian wrote:I thought this whole crisis was caused by people getting too much credit and borrowing too much money so why are they trying to get the banks to start lending us money again?

    Because too little lending is just as damaging to the economy as too much.
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    Hector_Nicols_Accordian

    Number of posts : 468
    Registration date : 2008-09-15

    Re: Global Economic Downturn

    Post  Hector_Nicols_Accordian on Wed Nov 26, 2008 3:44 pm

    Further signs of the downturn today with Woolworths and MFI moving towards administration. About 30,000 jobs could go if these 2 fall.

    Thought this was a natural place to mention this news.

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