by Broosta » Sun Aug 31, 2008 2:55 pm
by parrysurf » Tue Oct 07, 2008 2:09 pm
by parrysurf » Sat Oct 11, 2008 2:40 pm
by warchild » Sat Nov 22, 2008 1:49 am
Milo wrote:Broosta wrote:I was talking to my mate yesterday who is in the finance industry and he reckons we're a long way off a proper bad recession but there is a real danger of the media making things much worse.
The financial world is largely built on speculation and if the media convince public its a bad time to buy a house now then they won't buy a house now and everyone waits and all the houses are worth less and people panic.
The media loves it and amplifies things which generates more panic and people won't invest in anything as nobody's buying anything because the papers say its a bad time to.
The truth and the bottom line is the interest rate is still going down not up.
Good point bruv, lets not buy any news papers for the next month. Let them have a taste of there own medicine. I don`t anyway, so i`ll make the first move. Who`s next
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