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[damon80]

Firstly, to anybody on here who may have lost their job/about to because of this, I do not mean any insult at all by what I am writing here, and my heart truly does go out to you and your families.

But I can't help but think, after watching the news each night and reading the papers each day, a lot of it seems to be sensationalism.

Please - anybody do correct me if I'm wrong - but to me, it seems that the more the press put such a depressing tone on things, the worse things get.  It's a vicious circle.

Initially, they reported on things going pear-shaped in America.

Then, before you know it, a lot of people were drawing all their money out of banks in panic.  Then the media reported on that, which partially led to the collapse of Northern Rock (which had a lot of money invested over in the States IIRC).

Which then led to further sensationalism on the part of the Press, which led to more widespread panic.

And before you know it, we're in the situation that we're in now.

In my opinion, if the Press were more rational, we wouldn't be in the financial mess we are now.  Happen if they started to find some positives somewhere in the financial markets of the world, then things may start to pick up?

But I'm no financial analyst - anybody got any opinions on this theory?  :-/

[albitz]

confidence is like oxygen to the money markets.there are genuine reasons for a lack of confidence but the media dont really help matters.

[Vamps]

From a purely selfish and personal point of view, I have never had it so good, secure Job, health allowing, and my mortgage down by around £150 a month.
 Cars at their lowest as we are thinking of buying.
 
Last weekend visited our local retail park, I have never seen it so busy, even at Christmas, so what credit crunch. :-/

I appreciate I am looking at this from a personal point of view and realise that some people are suffering and loosing their jobs, for which I am deeply saddened.  

[damon80]

From a purely selfish and personal point of view, I have never had it so good, secure Job, health allowing, and my mortgage down by around £150 a month.
 Cars at their lowest as we are thinking of buying.
 
Last weekend visited our local retail park, I have never seen it so busy, even at Christmas, so what credit crunch. :-/

I appreciate I am looking at this from a personal point of view and realise that some people are suffering and loosing their jobs, for which I am deeply saddened.  

My sentiments exactly bud!

That's the bit what gets me with this crunch - it always seems to impact on the folk who have the least to give  

Unfortunately, our mortgage is on a fixed rate, so ain't seen no difference on that front - but chuffed you have   It's all the luck of the draw when taking out new packages (we took ours out when rates were on the rise - seemed like a good decision at the time     )

But on the motor front - you are defo bang-on what you say there Mike!  Went to have a gander at the new Insignia, and managed to get one chipped down to 11k from £15k, without any detailed negotiations at all!  Shame it was only the 1800cc - if it was the 2litre Turbo I might have been very interested...

I would have been even more interested if they offer the 2.8Turbo with a manual box - will VX ever learn?!  People want choice, not to be dictated to with regards to engine/transmission permatations!  

[bertiecbx550]

We where told last week that the contract for the site is up in october but they are tendering for another 5 years with the landlord and it looks good at the moment unless somebody completely undercuts us....Also we found out via the local newspaer that sainsburys and the landlord are investing in the site expanding the store new multi storey car park and then some new facilites for the public i.e. toilets,starbucks type coffee shop and a new security office   i saw the plans tonight as the sainsburys staff put em on display and they do look good it will also bring in around 150 extra jobs on the site plus if sainsburys do this then tesco`s will rethink their refit that they put on hold last year  

[damon80]

We where told last week that the contract for the site is up in october but they are tendering for another 5 years with the landlord and it looks good at the moment unless somebody completely undercuts us....Also we found out via the local newspaer that sainsburys and the landlord are investing in the site expanding the store new multi storey car park and then some new facilites for the public i.e. toilets,starbucks type coffee shop and a new security office   i saw the plans tonight as the sainsburys staff put em on display and they do look good it will also bring in around 150 extra jobs on the site plus if sainsburys do this then tesco`s will rethink their refit that they put on hold last year  

Congrats Bertie - that sounds like beltin' news for you and yer lads, not to mention the local community  

[gwa]

Firstly, to anybody on here who may have lost their job/about to because of this, I do not mean any insult at all by what I am writing here, and my heart truly does go out to you and your families.

But I can't help but think, after watching the news each night and reading the papers each day, a lot of it seems to be sensationalism.

Please - anybody do correct me if I'm wrong - but to me, it seems that the more the press put such a depressing tone on things, the worse things get.  It's a vicious circle.

Initially, they reported on things going pear-shaped in America.

Then, before you know it, a lot of people were drawing all their money out of banks in panic.  Then the media reported on that, which partially led to the collapse of Northern Rock (which had a lot of money invested over in the States IIRC).

Which then led to further sensationalism on the part of the Press, which led to more widespread panic.

And before you know it, we're in the situation that we're in now.

In my opinion, if the Press were more rational, we wouldn't be in the financial mess we are now.  Happen if they started to find some positives somewhere in the financial markets of the world, then things may start to pick up?

But I'm no financial analyst - anybody got any opinions on this theory?  :-/

Yep, I totally agree and thats the written press as well as broadcast. The likes of Sky & BBC news in this country really hyped up what could probably have been an easy fix into a world-wide hysteric problem. To take it a bit further, you only have to see the broadcast reports from Iraq and Israel/Palestine, wherever the cameras are people like to get their 5 minutes of fame, others like to take advantage of whipping up hysteria or support. If you took the cameras out the Iraq war would have been over years ago, Lebanon would never have happened and what recently went on in Palestine ..... well, I dunno. I'm just ranting at the press coverage (over coverage) of some of this stuff, even like the strikes here about foreign labour.