[kj] OT: Financial armageddon

[fluke fluke]

We are at the beginnings of a big  recession, seems like that its worldwide as well . 
The American mortgage markets collapse seems to be the cause of the World recession .
Prices of necessary commodities are rising in the U.K and bills are going up and wages are not rising to match these price increases. 
   People therefore have higher living expenses and therefore they have less money to spend , so they cut back on unnecessary expenses, like coffees from coffee shops and such things , so the services industry sees a fall in income and cuts back on its staff .
   The building industry has collapsed in the U.K. and that is always the first industry to go, the other industries follow .
   Tighten your belts everyone.....this is going to be a long one
 
 
 
 

> Date: Sat, 6 Sep 2008 19:05:32 +1200> From: bq at soundgardener.co.nz> To: gathering at misera.net> Subject: [kj] OT: Financial armageddon> > Surprisingly apocalyptic attitude from a mainstream site. Bit technical> but that's the field I suppose. Was forwarded this by my old boss at the> bank in NZ. He seems very canny in terms of knowing what's going on. Sold> his house just before the $hit hit the fan over here, exactly on the peak> actually. Warned me than of what was coming, told me to put everything I> have in cash. According to some the worst has passed.> > According to others it hasn't really started...> > http://www.marketoracle.co.uk/Article6048.html> > > > > > > > _______________________________________________> Gathering mailing list> Gathering at misera.net> http://four.pairlist.net/mailman/listinfo/gathering

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