• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Boomed! More proof Credit Crunch is nonsense

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    Boomed! More proof Credit Crunch is nonsense

    http://www.dailymail.co.uk/news/arti...ng-centre.html

    Half a million shoppers swamped London's new £1.7 billion Westfield centre in chaotic scenes more reminiscent of the January sales than a dreary, credit crunch-hit autumn weekend.

    Security staff at some of the 265 stores were forced to operate one-in-one-out queues to cope as more than 100,000 shoppers descended on the centre every day since it opened last Thursday.

    Designer items, including goods by Jasper Conran, Tom Ford and John Rocha, flew off the shelves. Sales of jewellery and Christmas gifts were also up on expected levels.

    #2
    The credit crunch was the most hyped non-story ever. Apart for a small rise in food prices - Doncaster market up about 5% on last year, a temporary rise in petrol and the paper money fluctuations in house prices the only effect on most of us is gas and electric. And we still have low unemployment and low inflation.
    - Chris D, S.Yorks, 3/11/2008 11:27


    Common sense prevails eh Chris

    Comment


      #3
      So all of those stories about companies laying off workers is untrue.....

      Stories of commodity/oil prices/inflation falling due to demand tailing off is untrue.....

      Comment


        #4
        When does the panel think things are going to start to kick-off? i.e. mass unemployment, repossessions, etc,

        Comment


          #5
          Originally posted by TimberWolf View Post
          When does the panel think things are going to start to kick-off? i.e. mass unemployment, repossessions, etc,
          As soon as the Tories get in.

          Comment


            #6
            Originally posted by TimberWolf View Post
            When does the panel think things are going to start to kick-off? i.e. mass unemployment, repossessions, etc,


            Unemployment will hit 3 million by the end of next year according to most expert opinion. Time will tell, but personally I would expect it to be around that figure.

            We are in a recession, but the usual posters on here are in denial and refuse to believe that there are overwhelming reasons for a massive rate cut.

            Comment


              #7
              So a new shopping centre in the largest city in Europe gets busy on its opening weekend and that is taken as 'proof' that the recession is imaginary?!


              Just bear in mind many serious shoppers in London would be heading to New York this time of year...

              (oh look, http://www.britishairways.com/travel...york%20flights)
              Last edited by swamp; 3 November 2008, 13:52.
              Cats are evil.

              Comment


                #8
                Originally posted by swamp View Post
                So a new shopping centre in the largest city in Europe gets busy on its opening weekend and that is taken as 'proof' that the recession is imaginary?!
                Gordon slayed the Credit Crunch dragon. People are once again wealthy and the banks are saved. Soon lending will go back to proper levels (i.e. lend to anyone any amount, no questions asked) and this is what drives the UK economy.

                You owe it to borrow and spend. It works for Gordon and it will work for you.

                Boomed!

                Comment


                  #9
                  Here's the FTSE since the world woke up to Brownism.

                  http://finance.yahoo.com/echarts?s=%5EFTSE#chart1:symbol=^ftse;range=5d;ind icator=volume;charttype=line;crosshair=on;ohlcvalu es=0;logscale=on;source=undefined

                  What a guy!

                  Comment


                    #10
                    Bluewater shopping centre was rammed at the weekend.....so much for the credit crunch!!!

                    Comment

                    Working...
                    X