The Wholesale Forums - View Single Post - Recession Fears!
View Single Post
Old 22-01-2008, 10:18 AM   #2 (permalink)
drum_dude
Community Member
 
drum_dude's Avatar
drum_dude is offline

Join Date: Dec 2007
Location: UK
Posts: 61
iTrader: (0)
Thanks: 0
Thanked: 0 Times in 0 Posts

Default

Probably not a good idea to get a mortgage at the moment for stuff like buy to let etc. I don't think that FTSE is going to affect your Xbox Wireless Network Kit sales just yet.

Rising unemployment and a further tightening of credit is what you need to look out for! Brown has built this economy on credit - there comes a time when no-more can be borrowed and pay back time arrives...that's when your UK sales MAY be affected.

Keep your eye out for the following that indicates that the economy is in trouble:

* Location, Location, Location gets pulled from the TV
* Sad Loans/Credit Card/Sub Prime Loans adverts get pulled from the TV
* Former Estate Agents suddenly start appearing on these forums to enquire on wholesale house buying in China
* The US and UK start a war with Iran to distract us all from realistic house prices and the negative equity affecting those who bought at unrealistic prices but listened and swallowed the boom-time phrase of "it's different this time".

I'm sure they're others that can think of more...

Last edited by drum_dude : 22-01-2008 at 10:20 AM. Reason: spelling
Reply With Quote