This is a discussion on The Current Economic Situation within the The Roadside Hotel forums, part of the Members Area category; Originally Posted by TaviaRS I'd go for the 70's personally, don't think it will be as bad as the 30's, ...
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| Briskodian Join Date: Jan 2003 Location: Winchester
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| Re: The Current Economic Situation Quote:
![]() But those were the days when Draughtsmen were Draughtsmen & the secretaries were glad of it ![]() ![]() ![]()
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| | #77 |
| DILLIGAF? Join Date: Mar 2006 Location: manchester
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| Re: The Current Economic Situation |
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| | #78 |
| Briskodian Join Date: Jan 2003 Location: Winchester
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| Re: The Current Economic Situation I wasnt really aware of it much at the time, just doing an apprentiship & having fun but I can remember the grim times of the mid 70's followed by rapid rises in house prices. I guess the actual figures are somewhere on the net
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| | #79 | |
| DILLIGAF? Join Date: Mar 2006 Location: manchester
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| Re: The Current Economic Situation Quote:
![]() From memory, the were at least double what they are today and at tiem 3 or 4 times higher. In a high inflation period its good to load up on debt and inflate it away. Today the signs don't look so good. Those debts are bigger for longer. ditto credit was unleashed/deregulated in the early 70s. Barber Act or something, allowing the credits bubble to form so easily. Bubbles: South Seas, Tulips, 20s stocks, Dot com and this time its Housing. If I had access to Youtube, I'd look for "I'm Turning Japanese". What's to stop what happened to the Japanese happening to us? | |
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| | #80 |
| DILLIGAF? Join Date: Mar 2006 Location: manchester
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| Re: The Current Economic Situation Profits Down Lloyds TSB HBOS A&L British Airways Ryanair Centrica BT BSkyB Unilever Starbucks William Hill Profits up BP Shell Exxon Anglo-American British american Tobacco AstraZeneca ![]() |
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| | #81 |
| Briskodian | Re: The Current Economic Situation Yep things look to be recovering just fine, perfect for that 25% rise discussed ![]() BBC NEWS | Business | Warning as mortgage arrears rise
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