Re: What are you going to do during the recession?
 

A large number of building societies have in the last week reduced their mortgage rates on about 200 different products including the Nationwide. The article in todays telegraph and express are bleating the recession is on the back foot and this may well make for a stronger pound. :thumbsup:

Re: What are you going to do during the recession?
 

Yep, I saw that also.Fingers crossed that things will settle down a bit.

Re: What are you going to do during the recession?
 

:rofl::rofl::rofl::rofl::rofl:

Re: What are you going to do during the recession?
 

Now why is it that that cartoon touches a nerve???? :thumbup:

Re: What are you going to do during the recession?
 

That's it?? Recession over?? Did it even start already?? I was all prepared to run to the hills with 400 tins of beans... ;)

Oh well, at least we can thank the chairman of Citigroup who kindly tells us that house prices will continue to fall for two more years. Yep, this is from the guy that, it could be argued, caused the drop in house prices in the first place, making things better by spreading a little consumer confidence :blink:

Re: What are you going to do during the recession?
 

Were you going to start your own wind farm :rofl:

Re: What are you going to do during the recession?
 

Citigroup in November 2006, had just ended its third quarter with net income of $5.3 billion. But a year later, as the subprime mortgage meltdown began to roil the economy, Citigroup’s finances began to suffer.

In the past three quarters, it has lost $17 billion — including a $2.5 billion loss reported on Friday — caused by $38 billion in credit losses and write-downs for bad mortgage investments. Since early 2007, the company has cut about 28,000 jobs.

Maybe as a thick fat american Citigroup Chairman would spread a little bad tidings into the City after a heavy lunch...... It doesnt take a smug rich city type more than a nono second to spread doom and gloom....... Just look at this forum, Anyway Citigroup are on the up......Barclays outside of the UK as almost mirrored everything citigroup has done which includes propping up its capital position, Barclays recently sold $8.9 billion in new stock. :ohmy: