It's BAD, it's VERY VERY BAD - The be very afraid thread!

[Shadytree]

Now, I've piped up a few times of the last few months on just what a sh*t state the World Economy is in.
FTSE has broken 4000 (3911.38) , DOW has broken 8000 (7997.28)

If you are still in any doubts, wake up!

EVERY single industry is affected, every single person will be effected.

Profit warning and capital expendature cuts across the board. Industries are running down inventories rather than ordering more raw materials. Problem is they have NO orders, so they can't even shift inventories!!!

Wholesale job cuts, hundreds of thousands more to come, property prices to fall at least a further 25% from current levels.

2009 will be a sh*t year, and if you still have your head buried in the sand.... WAKE UP!!!
We are in the midst of at least an 18 month recession, with huge deflatioanry pressures.

Last one out please turn the lights off.

Edited by Shadytree on Thursday 20th November 10:37

[kambites]

Meh.

[lunarscope]

"affected".

[phil1979]

Are you related to Noel Watson?

[Logie]

FTSE went down to 3,700 few months ago and then back up to 4,200? Its going to be up and down for a long time!

[phumy]

Im alright Jack!

[mechsympathy]

That's nice dear.

[Cap'n Custud]

With no disrespect sir.

Why do you feel the need to post this. why can't P&P be about fun things?

[Piglet]

I thought that on the thread about the Sun Alliance making redunancies and the OP asking why.

Because the whole global economy is bksed that's why....wake up and smell the coffee!

[MrVelox]

Now I feel so much better, thanks for pointing that out Captain Obvious.

Time for a cup of tea, with Everclear.

[Bing o]

Shadytree said:

Last one out please turn the lights off.

But where to go?

My first choice of HK sounds little better than London at the moment jobs wise.

[Kieran XJR]

Surely everyone's awake by now?

[o.versteer]

Shadytree said:

Now, I've piped up a few times of the last few months on just what a sh*t state the World Economy is in.

So did you have to do it again?

[andy_s]

OK - popped head out of sand, now what??
You want me to worry about it now as opposed to when I'm a derelict under Waterloo bridge?

Sorry - don't get your point.

[Piglet]

Cap'n Custud said:

With no disrespect sir.

Why do you feel the need to post this. why can't P&P be about fun things?

Because life isn't much fun if you have no job and your house is being repossessed...the P&P has always reflected reality. Burying your head in the sand only leaves you further in the st.

[eldritch]

speak for yourself never been doing better thanks

[phumy]

Overkill!

[Gun]

There's not a lot we can do about it though really.

[HRG]

Shadytree said:

Now, I've piped up a few times of the last few months on just what a sh*t state the World Economy is in.
FTSE has broken 4000 (3911.38) , DOW has broken 8000 (7997.28)

If you are still in any doubts, wake up!

EVERY single industry is effected, every single person will be effected.

Profit warning and capital expendature cuts across the board. Industries are running down inventories rather than ordering more raw materials. Problem is they have NO orders, so they can't even shift inventories!!!

Wholesale job cuts, hundreds of thousands more to come, property prices to fall at least a further 25% from current levels.

2009 will be a sh*t year, and if you still have your head buried in the sand.... WAKE UP!!!
We are in the midst of at least an 18 month recession, with huge deflatioanry pressures.

Last one out please turn the lights off.

On the upside there'll be some real M5 bargains to be had

[Bing o]

Cap'n Custud said:

With no disrespect sir.

Why do you feel the need to post this. why can't P&P be about fun things?

Shadytree said:

If you are still in any doubts, wake up!

EVERY single industry is affected, every single person will be effected.