And here's me thinking you caused it.
This really gets on my ****.
"you get what you wish for"
(Great first thread in months for me, eh? )
Exactly!petrol prices are dropping, interest rates are coming down, people are cutting down on the booze/fags/takeaways, people are watching how much electricity and gas they're using at home, people are eating more healthy food like fresh fruit & veg from the market.
recession? bring it on!!!
Totally agree Fraser, that Peston guy has been positively salivating at the bad news, it must be some kind of turn on for him. There is a real crisis though, because there are fewer "real" jobs on offer, as firms try to trim workforces. There are other companies who cannot afford to take new staff on to cope with extra pressure. If the interest rates do go down - someone on the box mentioned as low as 2 - 3% over the next two years, then it will be the likes of myself, who being prudent took out a fixed mortgage (ends 2014) at 5% who will be subsidising the next boom and bust cycle. Very low mortgage rates, coupled with a need to lend at all costs, will just get us back in the messy stuff again.I have to say (for fear of contradicting myself) the recession is real. We've cut our working week to four days because much of our work just stopped. Overnight.
When you have a much reduced workload and cash flow as a result it's hard just to continue as usual.
@Dibbie - we are a small consultancy and are, therefore, not exactly asset rich. Your analysis simply does not apply to high turnover/low-profit margin organisations and there are many of them about.
I stills tick to my original post though. There's definately a strong element of having talked ourselves into this and the BBC's coverage really hacks me off.