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View Full Version : The forthcoming recession / depression / crash / crunch



DimPrawn
10th March 2008, 14:54
Time to vote.

Standby.

MrRobin
10th March 2008, 15:00
It'll be fine™

Spacecadet
10th March 2008, 15:01
It'll be fine™

isn't that Labours next general election catch phrase?

Marina
10th March 2008, 15:02
Depression? If the EU plans a punch up with Russia over arctic oil, and the Yanks join in it'll probably be time to start brushing up on your flint napping and archery skills :eek:

(anyone know where they sell those circular lawnmover blade knife thingies Zena the Warrior Princess threw ?)

edit: Oh wait, you've included the Mad Max option. Good thinking

scooterscot
10th March 2008, 15:50
Over the next 2 - 5 years the credit crunch will mean .....

will see logarithmic jump between rich and poor.

bogeyman
10th March 2008, 15:53
Over the next 2 - 5 years the credit crunch will mean .....

will see logarithmic jump between rich and poor.

A 'logarithmic jump between rich and poor' ?

:confused:

Explain please?

motoukenin
10th March 2008, 16:40
Havent we been here before ? Anyone who has contracted for more than 5 years will know the score.

There will be a slow down , its happening already , contractors who are true self employed will ride the storm , the false contractors will become permies.

Which means that when things take off again , fewer contractors and more money for the ones that are left.

I think my missus is already working out what she will be spending the extra cash on when we get through this cycle.

milanbenes
10th March 2008, 16:42
motouken,

you got it,

this recession will be excellent for IT

Milan.

oracleslave
10th March 2008, 16:43
motouken,

you got it,

this recession will be excellent for IT

Milan.

I thought it was different this time :confused:

hyperD
10th March 2008, 16:50
The only difference between this and 5 years ago is this time, there's no capex.

NoddY
10th March 2008, 16:51
The good fortune of the average working man is inversely proportional to the fortunes of the City.

motoukenin
10th March 2008, 17:35
motouken,

you got it,

this recession will be excellent for IT

Milan.


Oh sh!t Milans just agreed with me , in that case we're f@cked

scooterscot
10th March 2008, 18:32
A 'logarithmic jump between rich and poor' ?

:confused:

Explain please?

OK let's dum this down a shade, the current gap between rich and poor we'll denote as n.

I'm saying it will be 10 times greater in the future, 10n

What kind of contractor are you :tongue

As for defining the gap, it could be ££'s, education, assets and so on who knows..

MrRobin
10th March 2008, 19:18
I'm saying it will be 10 times greater in the future, 10n


Or in other words, it will increase by an order of magnitude.
Or in other words, it will be ten times as much
Or in other words, it will be a sh*t load more

scooterscot
10th March 2008, 19:34
Or in other words, it will increase by an order of magnitude.
Or in other words, it will be ten times as much
Or in other words, it will be a sh*t load more

I thought this was an IT forum? i.e. it's our duty to overcomplicate the simple?:wave:

Gonzo
10th March 2008, 19:50
I thought this was an IT forum? i.e. it's our duty to overcomplicate the simple?:wave:Only when talking to the users. Not when we are talking to each other. :wink

BlasterBates
11th March 2008, 08:56
hmm (http://www.thisislondon.co.uk/news/article-23451655-details/House+prices+are+falling+at+record+rate+confirming +the+end+of+10-year+boom/article.do)

BrilloPad
11th March 2008, 09:01
The good fortune of the average working man is inversely proportional to the fortunes of the City.

during the great depression it was the poor who suffered most.

but quite a few rich were made poorer.

bobhope
11th March 2008, 09:09
Why does it feel like we just came out of the last IT spending recession? It can't be more than 3 or 4 years ago since the end of the last one.

Batten down the hatches.

MrRobin
11th March 2008, 09:20
Well, 59% of us think we've had the worst and there's nowt much to worry about.

15% of us are stocking up on crossbows and claymores.

rootsnall
11th March 2008, 09:43
Somewhere between option 2 and 3 for me, recession but short of meltdown so no need for the bunker and tins of beans. The yank panic fixes appear to be failing miserably. I reckon that house prices are going to take a right battering, they have started falling while things are still pretty rosy !

tim123
11th March 2008, 09:46
I need an option between 2 and 3

tim