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Please play nicely.  No one wants to listen/read a keyboard warriors rants....

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Author Topic: Recession  (Read 8458 times)

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Migv6 le Frog Fan

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Re: Recession
« Reply #15 on: 12 June 2020, 17:58:46 »

You knew, but no-one else did.   :P
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Sir Tigger KC

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Re: Recession
« Reply #16 on: 12 June 2020, 17:59:32 »

Annalise Dodds is a typical career politician who has never had a proper job.  ::)

She spent years in education doing degrees, masters, doctorates and fellowships, then became a lecturer, before becoming an MEP.  :)

In Brussels (and Strasbourg) she sat on a committee for economic and monetary affairs and that I guess is her qualification for the Shadow Chancellor job, and possibly Chancellor of the Exchequer.  :-\
;D ;D ;D

Dont know why your laughing. The Tories are obviously a Government devoid of talent or ideas and another couple of years of their stumbling and bumbling could make Labour without Corbyn a shoe in for the next election.
This time next year the MSM will be convincing the sheeple that the Tories have murdered 50,000 of their own people.

It's a fair point.  By 2024 no-one in the 18-32 year age group will have experienced a Labour government and as Albs points out, if the stumbling and bumbling carries on....  ::)
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Re: Recession
« Reply #17 on: 12 June 2020, 18:42:11 »

Every 18-32 in the country can vote Labour if they want to, pensioners are the fastest growing group and we'll marmalise them  ;D
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Rangie

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Re: Recession
« Reply #18 on: 12 June 2020, 19:10:23 »

Oh yes we will..😄
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Re: Recession
« Reply #19 on: 12 June 2020, 19:46:38 »

No sign of the G20 meeting and formulating a plan for the world. This recession is likely to be far worse than the 2008 job.

Back then the G20 had a plan. We worry about what life will be like for us in the 1st world countries. Spare a thought for third world manufacturing countries.
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Doctor Gollum

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Re: Recession
« Reply #20 on: 12 June 2020, 19:58:57 »

No sign of the G20 meeting and formulating a plan for the world. This recession is likely to be far worse than the 2008 job.

Back then the G20 had a plan. We worry about what life will be like for us in the 1st world countries. Spare a thought for third world manufacturing countries.
You mean the slaves?

The world over, there's expansion in previously untapped sectors.

Also this cannot be compared to 2008. Not even close. That was bought about as a direct result of twenty plus years of uncontrolled greed in a single industry.

The current situation is a direct response to protecting the global population, which in the long run also protects the global economy by not killing off the very thing that allows companies to produce and sell stuff... People.
« Last Edit: 12 June 2020, 20:08:10 by Doctor Gollum »
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Migv6 le Frog Fan

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Re: Recession
« Reply #21 on: 12 June 2020, 20:09:50 »

The last financial meltdown was a global event, made much worse in the UK by Gormless McRuin,s criminal mismanagement of the economy.
Despite this, most of the MSM have spent the last 12 years convincing many people that the reason the country couldnt give every "good cause" a blank cheque was because the Tories are evil and wanted to impose their evil austerity on "poor people" so lots of them would die in abject misery and poverty.
The root cause  - the global finacial crisis, was ignored, then soon forgotten about.
Exactly the same will happen if, as expected, the economy is in dire straits after the Covid crisis ends.
In a couple of years time, according to most of the MSM, the only reason the country will have no money, will be because of those evil Tories again. And plenty of people will believe it.
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Doctor Gollum

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Re: Recession
« Reply #22 on: 12 June 2020, 20:20:14 »

Coming into 2020, my (meagre) pension pot was at £36k, up about £6k from June '19.

By mid Feb, it had dropped to £26k :o

Currently, it is back upto £33k. Which is nice.
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Migv6 le Frog Fan

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Re: Recession
« Reply #23 on: 12 June 2020, 20:31:47 »

Ive stopped loking at mine. Its too upsetting.  :'(
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Rangie

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Re: Recession
« Reply #24 on: 12 June 2020, 21:52:27 »

Fortunately got all mine now Army NHS + Civil Service & State Pension so was able to hand my notice in this week at HMPS simply not worth returning after 12 weeks of shielding to that environment, still got a gratuity to come from HMPS but that could take up to 3 months to process hopefully we will be back to some kind of normality by then & be able to enjoy it.
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Re: Recession
« Reply #25 on: 12 June 2020, 22:00:54 »

Now I am not paying everyone else, I was hoping to start properly contributing to it, but Batflu isn't helping with that...
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Re: Recession
« Reply #26 on: 12 June 2020, 23:39:04 »

As my old nan would say "She's got a face that would stop a clock"  ;D

A face for radio.
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Re: Recession
« Reply #27 on: 13 June 2020, 01:12:22 »

It's a shocker opening this thread to be confronted with that!  :o  :-\
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Re: Recession
« Reply #28 on: 13 June 2020, 15:51:18 »

Coming into 2020, my (meagre) pension pot was at £36k, up about £6k from June '19.

By mid Feb, it had dropped to £26k :o

Currently, it is back upto £33k. Which is nice.

I recently got my annual statements, which were dated as April 24th, apparently both pots had declined about 10% since last year to a total of about £25k. On balance I thought that indicated that they were being pretty well managed, no idea what they're up to now as I don't bother to look that often. Hopefully they'll have taken a bit of a bounce though.
« Last Edit: 13 June 2020, 15:56:02 by Viral_Jim »
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Re: Recession
« Reply #29 on: 14 June 2020, 19:38:20 »

My annual pension statement arrived for my current pension, not including what I'd paid in for the year, it had only lost £4k.  So in reality, it lost well over £15k in the last year :(

So much for the usual projections based at 4/6/8% annual growth that the FSA allow :(


Thank god for the state pension. Assuming that doesn't get canned by the time I get there.
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