Forums › Life › Politics, Media & Current Events › Global bear market.
Anyone been following this?
TBH I’m not particularly worried, I don’t think its even going to be that bad a full on recession in Britain (not even like the 80s/90s) but it will mean people have less money to spend (or can only spend “real” money rather than debt)..
To be honest i don’t really fully understand what would happen during a Recession so i ain’t too concerned. 😉
its quite simple, people just have less money and stop spending, thus increasing the effects as many peoples livelihoods are built on the consumerism.
I was in town yesterday and noticed a few of the smaller “street wear” shops were closing down/downsizing.
TBH the selection in there was pony anyway and overpriced and certainly didn’t appeal to me, but these shops had clearly been doing OK for a few years.
Lots of smaller “niche” shops are closing. Its subtle little things like this that show the effects, although its not exactly tinfoil helmet time or end of the world – none of us are going to starve..
Ah i see, I’ve noticed that around here as well but have seen shitloads of tescos and the like being built! We’ll never starve with tescos constantly supplying us with shite food:love:
(or can only spend “real” money rather than debt)..
and this is a bad thing how? morally/ethically i mean ( i realsie it fucks peoples businesses up but dont we all need a wake up?
I don’t think its a bad thing, especially being a bit older and (supposedly) more sensible (plus I was around during the 70s/80s recessions) but it is really starting to hit some people harder – the “fun” bits of their lifestyles are built on debt and when the easy credit goes so does a lot of their perceived enjoyment..
maybe it’ll give people the perspective they need
i just hate all this live up to your ears in debt for stuff stuff stuff!!!!!!!!!
an i hate the money-lenders worse
it will make people sort their lifestyles out, but there is a concern amongst progressive thinkers that this sort of harsh correction makes people angry and bitter, once their fun is gone they seek to pass the pain on to others.. (for instance its more common for a socially conservative govt to be elected)
happy people do not go round making other people miserable, thats for sure
well what’ll happen will happen and we’ll just ahev to sit back an watch
I still think ‘cuttin ur cloth’ is a good maxim, on a personal or global scale
Doesn’t having a war kickstart an economy?
you, outside, now!
well what’ll happen will happen and we’ll just ahev to sit back an watch
the problem is most of Middle England isn’t happy and is getting more and more angry by the minute. I’ve definitely noticed the contrast since the “dot-com boom” days and that wasn’t so long ago.
younger people in particular (late teens to early thirties) are becoming a lot more reactionary, especially when things have happened like they had an “easy” office or IT job that got oursourced to a foreign country due to market pressures.
ironically many of the proper “alternative” types (i. e those who genuinely believe in the culture rather than part time yoghurt weavers) are quite good at that.
a lot of people are surprised to find out I don’t actually own any of the latest gadgets!
I do own more than one computer but they are the obsolete / decommissioned ones from my work which I upgrade and repair, and my digital camera is actually a fairly old model from 2002/3 or so (I don’t get enough time these days to take “proper” photos to justify buying a new one)
ironically many of the proper “alternative” types (i. e those who genuinely believe in the culture rather than part time yoghurt weavers) are quite good at that.
i’m with you GL, but what exactly is a yoghurt weaver?
Nah it’s cold out there!!:wink:
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Forums › Life › Politics, Media & Current Events › Global bear market.