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 Post subject: UK recession...
PostPosted: Wed Nov 07, 2007 4:02 pm 
Old School Grand Master
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Joined: Tue Jul 05, 2005 3:14 pm
Posts: 13411
Location: Warwick
What are your thoughts on the looming recession.

All we talk about here in the office is this so called 'big hit' the country is going to take...

Any economists on here who would like to put my mind at ease?


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 Post subject:
PostPosted: Wed Nov 07, 2007 5:04 pm 
South East AEC
South East AEC
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Joined: Wed Oct 03, 2007 3:39 pm
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It sucks, i work in Sales and we are going for growth when every one else is downsizing, nothing like putting your reputation on the line (along with my neck)


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 Post subject:
PostPosted: Wed Nov 07, 2007 5:56 pm 
Mr Benn
Mr Benn
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Joined: Wed Oct 25, 2006 10:07 am
Posts: 7200
Location: Omnipresent
better adapt your digestive system to be able to extract nutrients from anodised bike parts Jez.


I've converted mine ready.


:shock:


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 Post subject:
PostPosted: Wed Nov 07, 2007 7:16 pm 
Retrobike's #1 Comedy Genius
Retrobike's #1 Comedy Genius
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Joined: Thu Jan 04, 2007 8:07 pm
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Location: Wolkenkuckucksheim
I'm stockin' up for the Breakdown In Society which will Inevitably follow, when bikes will be the only form of transport..........kind of like 'The Postman', only without Kevin Costner (ie, not sh*te...........).


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 Post subject:
PostPosted: Wed Nov 07, 2007 8:49 pm 
Old School Grand Master
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Joined: Sat May 20, 2006 2:56 pm
Posts: 4776
Location: No brakes? Way to commit soldier.
No. I think that the high level of consumer debt and worries about the housing market will see a slow down in the retail sector, but on the whole the economy isn't in too bad shape. It's not all roses, but its not gone to shit yet.

A key indicator of how well we're doing, manufacturing output, has actually risen for four months on the trot, and is at a higher level than this time last year. Since mid 2005 in fact, the overall trend has been an increase in output. There is increased pessimism though due to the strong pound hitting exporters hard and also fuel prices being at an all time high are cutting into businesses bottom line.

New car sales, it was reported this week, have risen by nearly 5%, surely a sign of confidence by both normal consumers and businesses who wouldn't be replacing company cars if there wasn't the money around or pretty good forecasts.

House prices continue to rise as well, albeit at a much reduced rate, just 1%.

I'm not sure that we're going to see a full blown recession, more a tightening of belts.

I do think though, that with petrol now at an average of £1 per litre, now is a great time to own a bike shop :)


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 Post subject:
PostPosted: Wed Nov 07, 2007 8:56 pm 
King of the DuckBoard
King of the DuckBoard

Joined: Sun Jan 28, 2007 12:30 pm
Posts: 21466
Can't see a bang. Maybe a little pop. I wish house prices in the london area would go f**king atomic bang then i could buy. And be part of the property owning classes again. Or some body start building council properties again. Then a W.A.S.P like me could get a council flat. But at the mo it's all the groups in socity that i can't stand that get a look in. Still that's their problem. Would want too be them for all the tea in China.


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 Post subject:
PostPosted: Wed Nov 07, 2007 9:05 pm 
Anglian Deputy AEC
Anglian Deputy AEC
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Joined: Mon Oct 09, 2006 6:13 pm
Posts: 6928
Location: Livin' in a dust bowl
What recession? I work in sales supplying the motor industry and we certainly must be bucking the trend. Record sales figures :shock: :shock: :shock: , record bonuses :D :D :D means the more bikes I can buy :D :D :D

We are lucky suppling the market with something every car needs many times during it's lifetime, any guesses what it is? Plus they are a distress purchase, so when you need it you cannot buy anything appart from this type of product.


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 Post subject:
PostPosted: Wed Nov 07, 2007 9:06 pm 
Retro Guru

Joined: Sun May 14, 2006 5:38 pm
Posts: 936
Location: Sussex
Are they round and black...?

:lol:


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 Post subject:
PostPosted: Wed Nov 07, 2007 9:08 pm 
Anglian Deputy AEC
Anglian Deputy AEC
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Joined: Mon Oct 09, 2006 6:13 pm
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Location: Livin' in a dust bowl
tintin40 wrote:
I wish house prices in the london area would go f**king atomic bang


The only areas the prices may go down would be the areas (London)where the prices are over-inflated to start with.


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 Post subject:
PostPosted: Wed Nov 07, 2007 10:14 pm 
Old School Grand Master
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Joined: Tue Jul 05, 2005 3:14 pm
Posts: 13411
Location: Warwick
Ah thats interesting - good info there (especially Russell)

Well, we'll keep out eyes open.

:shock:


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