Recession? It's GOOD NEWS

[audidoody]

Everywhere is gloom and doom. The media is in apocalyptic mode. Even PH is a repository of no-hope blackness. Let's start a Good News Recession thread. All the stuff that is positive and wonderful. Here's my list to start with:

1. Man Made Global Warming is off the agenda.
2. Climate Change taxes have been forgotten
3. Used Range Rovers are dead cheap
4. Now you can buy that three-bed house you could never afford
5. Oil prices are coming down
6. Your savings are now safe in Northern Rock etc
7. The January sales are going to be incredible



Your turn ...

Edit: Gloomsters .. go and start your own thread!

Edited by audidoody on Sunday 19th October 19:13

[skip_1]

All good if you still have a job.

[ypauly]

good for the people at the bottom that want to get to the top


also good for the people at the top that want to get to the bottom

[Maxf]

Recession - those with lots of liquid cash will get rich or richer. Everyone else will do well to stay on an even footing.

[john_r]

If you work in outsourcing it's fecking great news!

[thinfourth2]

Hopefully the word and concept of bling will vanish never to be seen again


And if we are really really lucky {insert name of brain dead annoying z list celebrity with no decernable talent} will never be heard of ever again

[falcemob]

Hopefully in a few months the traffic will be a lot lighter, especially around Canary Wharf and east London.

[anonymous-user]

I have been holding off trying to get on the property ladder for the last year and a half, predicting that house prices were becoming unsustainable. I didn't want to get a huge mortgage and find property prices nosedived.

I am now on about 5k p/a more than the beginning of 2007, and where I work it could never collapse as it would take out the majority of the UK's administration for Unit Trusts/PEPs and ISAs. The FSA wouldn't let it happen. We seem to be doing o.k as financial companies tend to outsource their administration/back office work in more difficult times.

So no real recession worries for me at the moment.

I want to see house prices down to a sensible level, then I can get on the ladder. So if a recession put things back into perspective, then it will be welcome for people in secure employment wanting their first home.

[Alfa_75_Steve]

I know it's good to be positive, but....

Don't make the mistake of thinking you're immune to this crap.

I did - working for a company turning over £12 billion Euros, just been on a nice little jolly to the Algarve in recognition of my results over the last year, then on Thursday it was all over - salary, car, healthcare, pension, all gone in a half hour meeting.

So to all those smug bds thinking they're immune, and to all those who have been sniping at anyone asking benefit related questions, you may want to consider winding your necks in, because you may very well be next for the chop.

[snotrag]

You can get a hella lot of fun car for not a lot of folding this Autumn!

[bint]

The armed services are going to suddenly increase their ranks with little effort and hopefully they'll remove those damn adverts from the TV

[Maxf]

Alfa_75_Steve said:

Don't make the mistake of thinking you're immune to this crap.

I did - working for a company turning over £12 billion Euros, just been on a nice little jolly to the Algarve in recognition of my results over the last year, then on Thursday it was all over - salary, car, healthcare, pension, all gone in a half hour meeting.

So to all those smug bds thinking they're immune, and to all those who have been sniping at anyone asking benefit related questions, you may want to consider winding your necks in, because you may very well be next for the chop.

I totally agree. My department and division is making good money, but the top management have taken the opportunity to reduce headcount - they know we will absorb the extra work, but make more money per member of staff.

[davido140]

Alfa_75_Steve said:

I know it's good to be positive, but....

Don't make the mistake of thinking you're immune to this crap.

I did - working for a company turning over £12 billion Euros, just been on a nice little jolly to the Algarve in recognition of my results over the last year, then on Thursday it was all over - salary, car, healthcare, pension, all gone in a half hour meeting.

So to all those smug bds thinking they're immune, and to all those who have been sniping at anyone asking benefit related questions, you may want to consider winding your necks in, because you may very well be next for the chop.

I never quite understood this kind of blind cost cutting, Im assuming you were doing an outstanding job and making your company lots of money (enough to justify a free trip to the algarve no less), yet in some random hatchet jobbery you're gone in the blink of an eye...

was your "part" of the business unprofitable? you'd have thought cherry picking the good people then ditching the dead weight would be the way to go...

Hope you're back on your feet soon.

Edited by davido140 on Sunday 19th October 19:41

[anonymous-user]

Well we are doing quite well, the Managing Director has recorded a telephone message to all employees stating we are in a very good position!!

We are also getting new business, recently won/renewed a couple of contracts, and acuired a new office block.

I think we are pretty immune as we run on a tight ship staff wise anyway, and normal staff turnover would negate the risk for large scale redundancies.

General opinion amongst Managers and the Managing Director is that we tend to do better in these circumstances as companies look to outsource.

Edited by anonymous-user on Sunday 19th October 19:49

[SS HSV]

audidoody said:

Everywhere is gloom and doom. The media is in apocalyptic mode. Even PH is a repository of no-hope blackness. Let's start a Good News Recession thread. All the stuff that is positive and wonderful. Here's my list to start with:

1. Man Made Global Warming is off the agenda.
2. Climate Change taxes have been forgotten
3. Used Range Rovers are dead cheap
4. Now you can buy that three-bed house you could never afford
5. Oil prices are coming down
6. Your savings are now safe in Northern Rock etc
7. The January sales are going to be incredible



Your turn ...

Edit: Gloomsters .. go and start your own thread!

Gloomsters .. go and start your own thread?

Unless you happen to have a Range Rover and are unable to sell it because it just got devalued by half.

Thats obviously good news

[Alfa_75_Steve]

davido140 said:

I never quite understood this kind of blind cost cutting, Im assuming you were doing an outstanding job and making your company lots of money (enough to justify a free trip to the algarve no less), yet in some random hatchet jobbery you're gone in the blink of an eye...

was your "part" of the business unprofitable? you'd have thought cherry picking the good people then ditching the dead weight would be the way to go...

Hope you're back on your feet soon.

Thanks.

I've not left yet.... but, a flavour of the situation is this. About 2/3rds of our customers make good money, the other 1/3rd make a small loss.

We did think that we'd just cull the poor performers and keep the strong ones - which may have meant a couple of redundancies, but instead, the decision was taken to pretty much pull out of UK retail instead, meaning almost all head office staff and all field management are gone.

[MJK 24]

Alfa_75_Steve said:

I know it's good to be positive, but....

Don't make the mistake of thinking you're immune to this crap.

I did - working for a company turning over £12 billion Euros, just been on a nice little jolly to the Algarve in recognition of my results over the last year, then on Thursday it was all over - salary, car, healthcare, pension, all gone in a half hour meeting.

So to all those smug bds thinking they're immune, and to all those who have been sniping at anyone asking benefit related questions, you may want to consider winding your necks in, because you may very well be next for the chop.

I hope you get yourself sorted out soon.

I am pretty worried myself at the moment.

[Tunku]

Well, so far in the last couple of weeks I've bought a car, a caravan, a cpu, a cpu cooler. And been on holiday for two weeks, only two more weeks to go. What recession?

[gti tim]

My job is secure for the next 35yrs, my house hasn't dropped alot in value, but the ones i want to move up to have, i get a 10% payrise next month, and petrol is under £1 a litre. i can live with that.

[Maxf]

gti tim said:

My job is secure for the next 35yrs

Not disputing this, but what industry are you in? Local authority?