Comments on: Red Tuesday: Banks Fall, The Experts’ Top Tips And Spending Is The New Saving http://www.anorak.co.uk/191256/tabloids/red-tuesday-banks-fall-the-experts-top-tips-and-spending-is-the-new-saving.html Tabloid news for broadsheet readers Tue, 24 Nov 2009 02:19:01 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: John Blake http://www.anorak.co.uk/191256/tabloids/red-tuesday-banks-fall-the-experts-top-tips-and-spending-is-the-new-saving.html/comment-page-2#comment-386073 John Blake Wed, 01 Oct 2008 01:46:25 +0000 http://www.anorak.co.uk/?p=191256#comment-386073 Hi June, Yes, hollow is a good word to use June, and why does it take an American(Greenspan) on the other side of the Altantic to finally shout that "its the worst financial crisis I've ever seen" Why wasn't someone in the UK giving a clear warning about the possibility of an economic crunch long ago? Over and over again you heard people on CNN stating that Wall street has hit another record high and on the FTSE shares again have increased in value. Banks have been throwing credit and credit cards at customers .People given mortgages when they had little chance of repaying them because their incomes weren't big enough. British banks over the years have often reported billions in profits and they have often over-charged their customers left-right and centre.Pure greed. Manufacturing in the UK has been in steady decline for a long time. I can see many products from a variety of countries here in Brazil(China, Switzerland,USA, Japan etc) but its more difficult to locate products made and imported from the UK. The next few months will be most interesting to watch and see how the crisis has real impact in unemployment, housing, credit, and confidence in governments and banks. Let's hope there is a light in the tunnel and things will get much better. In the meantime, stash away some money or buy some gold. Hi June,
Yes, hollow is a good word to use June, and why does it take an American(Greenspan) on the other side of the Altantic to finally shout that “its the worst financial crisis I’ve ever seen” Why wasn’t someone in the UK giving a clear warning about the possibility of an economic crunch long ago?
Over and over again you heard people on CNN stating that Wall street has hit another record high and on the FTSE shares again have increased in value.
Banks have been throwing credit and credit cards at customers .People given mortgages when they had little chance of repaying them because their incomes weren’t
big enough.
British banks over the years have often reported billions in profits and they have often over-charged their customers left-right and centre.Pure greed.
Manufacturing in the UK has been in steady decline for a long time. I can see many products from a variety of countries here in Brazil(China, Switzerland,USA, Japan etc)
but its more difficult to locate products made and imported from the UK.
The next few months will be most interesting to watch and see how the crisis has real impact in unemployment, housing, credit, and confidence in governments and banks.
Let’s hope there is a light in the tunnel and things will get much better. In the meantime, stash away some money or buy some gold.

]]> By: June http://www.anorak.co.uk/191256/tabloids/red-tuesday-banks-fall-the-experts-top-tips-and-spending-is-the-new-saving.html/comment-page-2#comment-386050 June Tue, 30 Sep 2008 21:44:56 +0000 http://www.anorak.co.uk/?p=191256#comment-386050 John I think the boom just had a very hollow ring to it. But I think these clouds have been gathering for a lot longer than the summer. I also feel its going to carry on for years, there won't be too many who are solvent, and it was held that people were going to inherit their parents mortgages, I somehow feel it will grandparents mortgages. John

I think the boom just had a very hollow ring to it.

But I think these clouds have been gathering for a lot longer than the summer.

I also feel its going to carry on for years, there won’t be too many who are solvent, and it was held that people were going to inherit their parents mortgages, I somehow feel it will grandparents mortgages.

]]> By: John Blake http://www.anorak.co.uk/191256/tabloids/red-tuesday-banks-fall-the-experts-top-tips-and-spending-is-the-new-saving.html/comment-page-2#comment-386017 John Blake Tue, 30 Sep 2008 18:49:59 +0000 http://www.anorak.co.uk/?p=191256#comment-386017 Chamberlain said (with his little piece of paper) "Peace in our time" and with Brown it looks certain to be "Bankrupt in our time" Oh, how talk of a booming economy has changed so quickly and now, the perspective is so very different. With job fears and higher unemployment in the UK and US, many jobs will soon be lost in the hospitality industry(Hotels, restaurants, bars, clubs) and in tourism.These jobs are always very vunerable in difficult economic times. Brown and Bush weren't tellng the public with loud and clear voices that dark economic clouds were gathering even two or three months ago.There were more accurate predictions about economic worries surfacing here on Anorak.The failure of Bush to get a $700 billion dollar bailout, has placed a few more coffin nails in his presidency, and, Brown is skating on very thin ice indeed in terms of public confidence in his leadership(plus Darling's ability with UK finances)........a couple of jokers in the pack but few are laughing at their Laurel and Hardy political double-act. Chamberlain said (with his little piece of paper) “Peace in our time” and with Brown it looks certain to be “Bankrupt in our time” Oh, how talk of a booming economy has changed so quickly and now, the perspective is so very different. With job fears and higher unemployment in the UK and US, many jobs will soon be lost in the hospitality industry(Hotels, restaurants, bars, clubs) and in tourism.These jobs are always very vunerable in difficult economic times.
Brown and Bush weren’t tellng the public with loud and clear voices that dark economic clouds were gathering even two or three months ago.There were more accurate predictions about economic worries surfacing here on Anorak.The failure of Bush to get a $700 billion dollar bailout, has placed a few more coffin nails in his presidency, and, Brown is skating on very thin ice indeed in terms of public confidence in his leadership(plus Darling’s ability with UK finances)……..a couple of jokers in the pack but few are laughing at their Laurel and Hardy political double-act.

]]> By: chenier http://www.anorak.co.uk/191256/tabloids/red-tuesday-banks-fall-the-experts-top-tips-and-spending-is-the-new-saving.html/comment-page-2#comment-385997 chenier Tue, 30 Sep 2008 16:50:49 +0000 http://www.anorak.co.uk/?p=191256#comment-385997 Thanks FSBF, I hadn't realised they were going to lose that many stores if they hope to survive. A lot of jobs are going down the pan... Thanks FSBF,

I hadn’t realised they were going to lose that many stores if they hope to survive.

A lot of jobs are going down the pan…

]]> By: June http://www.anorak.co.uk/191256/tabloids/red-tuesday-banks-fall-the-experts-top-tips-and-spending-is-the-new-saving.html/comment-page-1#comment-385996 June Tue, 30 Sep 2008 16:47:33 +0000 http://www.anorak.co.uk/?p=191256#comment-385996 MFI needed £19m for the next quarters rent, and the banks aren't lending, I had heard they had found another backer. Ford are also cutting back to a 4 day week in all their factories world wide. This is the problem, no one can get credit,mortgages or what have you and then it'll get worse when everyone is on shorter hours. Val, talk to Cheryl on here, she is US based, and can tell you their side of it MFI needed £19m for the next quarters rent, and the banks aren’t lending, I had heard they had found another backer.
Ford are also cutting back to a 4 day week in all their factories world wide.
This is the problem, no one can get credit,mortgages or what have you and then it’ll get worse when everyone is on shorter hours.
Val, talk to Cheryl on here, she is US based, and can tell you their side of it

]]> By: Fully Secured Bank Funding Pigeon http://www.anorak.co.uk/191256/tabloids/red-tuesday-banks-fall-the-experts-top-tips-and-spending-is-the-new-saving.html/comment-page-1#comment-385994 Fully Secured Bank Funding Pigeon Tue, 30 Sep 2008 16:45:17 +0000 http://www.anorak.co.uk/?p=191256#comment-385994 yeah despite the buy out there's abotu 100 stores closing - jobs going everywhere yeah despite the buy out there’s abotu 100 stores closing - jobs going everywhere

]]> By: chenier http://www.anorak.co.uk/191256/tabloids/red-tuesday-banks-fall-the-experts-top-tips-and-spending-is-the-new-saving.html/comment-page-1#comment-385993 chenier Tue, 30 Sep 2008 16:44:48 +0000 http://www.anorak.co.uk/?p=191256#comment-385993 Val, I think there's been a management buy out to rescue MFI, and they are talking about redoing the Lloyds HBOS deal because the market has dropped so badly since then... Val,

I think there’s been a management buy out to rescue MFI, and they are talking about redoing the Lloyds HBOS deal because the market has dropped so badly since then…

]]> By: val http://www.anorak.co.uk/191256/tabloids/red-tuesday-banks-fall-the-experts-top-tips-and-spending-is-the-new-saving.html/comment-page-1#comment-385992 val Tue, 30 Sep 2008 16:41:16 +0000 http://www.anorak.co.uk/?p=191256#comment-385992 I had an e-mail yesterday from a Friend in the U.S. who luckily does not have a Mortgage and she says there is a lot of anger at the proposed bale-out. Survival of the fittest has been the American way and with the Election so soon, many in Congress worry about losing votes. There is no guarantee either that this bale out will stem the tide. In the U.K., on the News, MFI is in trouble. I had an e-mail yesterday from a Friend in the U.S. who luckily does not have a
Mortgage and she says there is a lot of anger at the proposed bale-out. Survival of
the fittest has been the American way and with the Election so soon, many in
Congress worry about losing votes.

There is no guarantee either that this bale out will stem the tide.

In the U.K., on the News, MFI is in trouble.

]]> By: chenier http://www.anorak.co.uk/191256/tabloids/red-tuesday-banks-fall-the-experts-top-tips-and-spending-is-the-new-saving.html/comment-page-1#comment-385987 chenier Tue, 30 Sep 2008 16:21:40 +0000 http://www.anorak.co.uk/?p=191256#comment-385987 Well, if the markets keep tanking then there will be any number of former high flyers in need of a ghost writer, so don't dismiss it out of hand! Could be money in them thar junk bonds... Well, if the markets keep tanking then there will be any number of former high flyers in need of a ghost writer, so don’t dismiss it out of hand!

Could be money in them thar junk bonds…

]]> By: coolandcalm http://www.anorak.co.uk/191256/tabloids/red-tuesday-banks-fall-the-experts-top-tips-and-spending-is-the-new-saving.html/comment-page-1#comment-385984 coolandcalm Tue, 30 Sep 2008 16:13:24 +0000 http://www.anorak.co.uk/?p=191256#comment-385984 never written a memoir in my life! ;) never written a memoir in my life! ;)

]]> By: chenier http://www.anorak.co.uk/191256/tabloids/red-tuesday-banks-fall-the-experts-top-tips-and-spending-is-the-new-saving.html/comment-page-1#comment-385983 chenier Tue, 30 Sep 2008 16:10:18 +0000 http://www.anorak.co.uk/?p=191256#comment-385983 And I forgot that the author of misery memoirs has a vested interesting in inducing as much misery as possible... ;) And I forgot that the author of misery memoirs has a vested interesting in inducing as much misery as possible…

;)

]]> By: coolandcalm http://www.anorak.co.uk/191256/tabloids/red-tuesday-banks-fall-the-experts-top-tips-and-spending-is-the-new-saving.html/comment-page-1#comment-385981 coolandcalm Tue, 30 Sep 2008 15:55:16 +0000 http://www.anorak.co.uk/?p=191256#comment-385981 Oh dearie me... I clean forgot the oracle has no sense of humour. ;) Oh dearie me… I clean forgot the oracle has no sense of humour. ;)

]]> By: chenier http://www.anorak.co.uk/191256/tabloids/red-tuesday-banks-fall-the-experts-top-tips-and-spending-is-the-new-saving.html/comment-page-1#comment-385971 chenier Tue, 30 Sep 2008 15:21:06 +0000 http://www.anorak.co.uk/?p=191256#comment-385971 C&C I'm sorry to have to break the news, but it's wrong. I do appreciate that people like to see things they understand, but it was people doing things which they did not understand which got us into this mess, and we are unlikely to ever get out of it until we buckle down and start trying to live in the real world... C&C

I’m sorry to have to break the news, but it’s wrong.

I do appreciate that people like to see things they understand, but it was people doing things which they did not understand which got us into this mess, and we are unlikely to ever get out of it until we buckle down and start trying to live in the real world…

]]> By: coolandcalm http://www.anorak.co.uk/191256/tabloids/red-tuesday-banks-fall-the-experts-top-tips-and-spending-is-the-new-saving.html/comment-page-1#comment-385967 coolandcalm Tue, 30 Sep 2008 15:13:51 +0000 http://www.anorak.co.uk/?p=191256#comment-385967 This I like. This I understand. ;) http://www1.sky.com/news/MONEYCYCLE.jpg This I like. This I understand. ;)

http://www1.sky.com/news/MONEYCYCLE.jpg

]]> By: Fully Secured Bank Funding Pigeon http://www.anorak.co.uk/191256/tabloids/red-tuesday-banks-fall-the-experts-top-tips-and-spending-is-the-new-saving.html/comment-page-1#comment-385909 Fully Secured Bank Funding Pigeon Tue, 30 Sep 2008 13:12:24 +0000 http://www.anorak.co.uk/?p=191256#comment-385909 pardoned :lol: pardoned :lol:

]]> By: dairy http://www.anorak.co.uk/191256/tabloids/red-tuesday-banks-fall-the-experts-top-tips-and-spending-is-the-new-saving.html/comment-page-1#comment-385907 dairy Tue, 30 Sep 2008 13:09:45 +0000 http://www.anorak.co.uk/?p=191256#comment-385907 shouldn't that be Lone Heron...? pigeons are quite gregarious and flock around together, if you'll pardon the expression... shouldn’t that be Lone Heron…? pigeons are quite gregarious and flock around together, if you’ll pardon the expression…

]]> By: Fully Secured Bank Funding Pigeon http://www.anorak.co.uk/191256/tabloids/red-tuesday-banks-fall-the-experts-top-tips-and-spending-is-the-new-saving.html/comment-page-1#comment-385901 Fully Secured Bank Funding Pigeon Tue, 30 Sep 2008 13:05:23 +0000 http://www.anorak.co.uk/?p=191256#comment-385901 you left one out dairy. Lone pigeon! you left one out dairy. Lone pigeon!

]]> By: dairy http://www.anorak.co.uk/191256/tabloids/red-tuesday-banks-fall-the-experts-top-tips-and-spending-is-the-new-saving.html/comment-page-1#comment-385900 dairy Tue, 30 Sep 2008 13:02:43 +0000 http://www.anorak.co.uk/?p=191256#comment-385900 ...so in future are you going to reveal yourself as Fully Secured Bank Funding Retired Bunny Eating Heron, or do you intend to remain cloaked in mystery.....? …so in future are you going to reveal yourself as Fully Secured Bank Funding Retired Bunny Eating Heron, or do you intend to remain cloaked in mystery…..?

]]> By: Fully Secured Bank Funding Pigeon http://www.anorak.co.uk/191256/tabloids/red-tuesday-banks-fall-the-experts-top-tips-and-spending-is-the-new-saving.html/comment-page-1#comment-385866 Fully Secured Bank Funding Pigeon Tue, 30 Sep 2008 11:41:00 +0000 http://www.anorak.co.uk/?p=191256#comment-385866 Only for the real me :) Only for the real me :)

]]> By: chenier http://www.anorak.co.uk/191256/tabloids/red-tuesday-banks-fall-the-experts-top-tips-and-spending-is-the-new-saving.html/comment-page-1#comment-385864 chenier Tue, 30 Sep 2008 11:38:58 +0000 http://www.anorak.co.uk/?p=191256#comment-385864 I see; the Pigeon bit was a nom de plume, was it? I see; the Pigeon bit was a nom de plume, was it?

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