The "Credit Crunch" and you?

Del Lardo · 29-08-2008, 18:20

I was told today not to expect a payrise this year due to the "credit crunch" despite my company making big profits (billions of $) and my group hitting 112% of our target. This is the first time the "credit crunch" has had a direct effect on me and I'm really wondering how much of it is real and how much of it is media hype?

Certainly mortgages are harder to get but IMO the banks have just gone back to sensible lending criteria like they had 8 years ago before the housing boom took off but there seem to still be plenty of jobs out there and people (that I know) aren't getting made redundant left, right and centre.

So have you been effected by the "credit crunch" or do you perceive it as media scaremongering that helps sell papers?

29-08-2008, 18:20	#1
Del Lardo Absinthe Join Date: Jan 2007 Location: Cambridge Posts: 2,539	The "Credit Crunch" and you? I was told today not to expect a payrise this year due to the "credit crunch" despite my company making big profits (billions of $) and my group hitting 112% of our target. This is the first time the "credit crunch" has had a direct effect on me and I'm really wondering how much of it is real and how much of it is media hype? Certainly mortgages are harder to get but IMO the banks have just gone back to sensible lending criteria like they had 8 years ago before the housing boom took off but there seem to still be plenty of jobs out there and people (that I know) aren't getting made redundant left, right and centre. So have you been effected by the "credit crunch" or do you perceive it as media scaremongering that helps sell papers?

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