The "Credit Crunch" and you? - Page 18

Mark · 29-10-2008, 23:51

Well, you're a little less worse off tonight. 1.63 ($49,000), but whether that'll last into next week (BofE rate cut expected) is another matter.

Garp · 31-10-2008, 03:12

http://wonkette.com/403920/jesus-peo...e-gods-economy

Oh yeah.. I know, it's all going to hell in a handbasket, so the Christians get together to start praying about it. Smart. But they go and do it by praying to the Wall Street bull? Odd, seem to recall reading about that in the book of Exodus, chapter 32, and how wrong it was and what God threatened. Genius. Utter, utter, genius.
Of course that's without going in to how Christians aren't supposed to be worshiping money either.

Mark · 31-10-2008, 03:33

Sadly US Christianity at least seems to have as much an obsession with the 'almighty' dollar as the politicians do.

Mark · 26-11-2008, 00:39

Here we go again. The US bail-out grows by another $800bn, and our chancellor is threatening to intervene to 'force' banks to lend.

On the retail front, the MFI 'rescue' that happened only eight weeks ago is supposedly on the rocks already, and there are reports Woolies may go into administration tomorrow because it is having trouble covering the wages bill. If it manages that, it's likely to go into administration anyway within at most a few weeks, swifly followed by at least 200 store closures.

Del Lardo · 26-11-2008, 01:42

Quote:

Originally Posted by Garp

http://wonkette.com/403920/jesus-peo...e-gods-economy

Oh yeah.. I know, it's all going to hell in a handbasket, so the Christians get together to start praying about it. Smart. But they go and do it by praying to the Wall Street bull? Odd, seem to recall reading about that in the book of Exodus, chapter 32, and how wrong it was and what God threatened. Genius. Utter, utter, genius.
Of course that's without going in to how Christians aren't supposed to be worshiping money either.

Garp, what you are completely failing to take into account (or maybe you are but in a sarcastic manner, always hard to tell on t'internet) is that what a lot of American "Christians" actually know about Christianity could be written on the back of a postage stamp and just take the basic premises to justify whatever behavior they want in the belief that they are going Gods work.

Without wanting to take this thread completely OT it's always refreshing to hear you talk about your religion as there is always a degree of common sense and decency about the post.

Admiral Huddy · 26-11-2008, 10:31

We've had quite a few redunencies here at Bayern and all major projects have been cancelled.

I've certainly noticed a slow down in Admiral Computers too.

That said, despite the doom and gloom, I still have a fairly safe job, as safe as a job can ever be. Interest rates are down so the capital payments will have a long term bebefit on my mortgage. So really, I've never been so better off therefore I've not changed my spending habits. The only thing that I have put on hold is our conservatory because I want the savings just in case.

Mark · 26-11-2008, 10:57

My employer is well-placed to weather this - we're heavily promoting the idea of using our software to help cut IT costs, which is obviously going to get some attention in the market. However, even I recognise that that only works if you have customers willing to pay, and a scary number of those seem to be experiencing difficulty (obviously, I can't name names, but you'll have heard of them), so I'm not counting my chickens.

I'm now prioritising an attempt to clear all unsecured debts within 6-9 months. I'm ashamed to say I failed miserably to do that last month, but that was at least in part due to putting stuff like food shopping on plastic so that I'd make absolutely sure I had cash in hand to pay off interest free credit before the deals expire (paying interest on the card balances is at least 20x cheaper than what would happen if I let the deals expire). To that end, money to more than cover the first one is currently sitting in a savings account, and I'm hoping to have have most of the money to cover the second in a few weeks.

Zirax · 26-11-2008, 12:06

In the UK we are also technically well placed to ride this out. Our business is 65% government work in the UK. There are moves afoot to milk every penny out of government contracts that come up with the spending spree. That won't stop them cutting jobs though.

Del Lardo · 26-11-2008, 18:20

BBC are reporting that MFI have going into administration.

Burble · 26-11-2008, 18:24

Woolworths too.

31-10-2008, 03:12	#172
Garp Preparing more tumbleweed Join Date: Jun 2006 Location: Hawaii Posts: 6,038	http://wonkette.com/403920/jesus-peo...e-gods-economy Oh yeah.. I know, it's all going to hell in a handbasket, so the Christians get together to start praying about it. Smart. But they go and do it by praying to the Wall Street bull? Odd, seem to recall reading about that in the book of Exodus, chapter 32, and how wrong it was and what God threatened. Genius. Utter, utter, genius. Of course that's without going in to how Christians aren't supposed to be worshiping money either. __________________ Mal: Define "interesting"? Wash: "Oh, God, oh, God, we're all gonna die"?

26-11-2008, 10:31	#176
Admiral Huddy HOMO-Sapien Join Date: Jun 2006 Location: Chelmsford Posts: 6,692	We've had quite a few redunencies here at Bayern and all major projects have been cancelled. I've certainly noticed a slow down in Admiral Computers too. That said, despite the doom and gloom, I still have a fairly safe job, as safe as a job can ever be. Interest rates are down so the capital payments will have a long term bebefit on my mortgage. So really, I've never been so better off therefore I've not changed my spending habits. The only thing that I have put on hold is our conservatory because I want the savings just in case. __________________ I just got lost in thought.. It was very unfamiliar territory. Techie Talk \| My gaming Blog \| PC spec \| The Admirals log

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29-10-2008, 23:51	#171
Mark Screaming Orgasm Join Date: Jul 2006 Location: Newbury Posts: 15,194	Well, you're a little less worse off tonight. 1.63 ($49,000), but whether that'll last into next week (BofE rate cut expected) is another matter.

31-10-2008, 03:33	#173
Mark Screaming Orgasm Join Date: Jul 2006 Location: Newbury Posts: 15,194	Sadly US Christianity at least seems to have as much an obsession with the 'almighty' dollar as the politicians do.

26-11-2008, 00:39	#174
Mark Screaming Orgasm Join Date: Jul 2006 Location: Newbury Posts: 15,194	Here we go again. The US bail-out grows by another $800bn, and our chancellor is threatening to intervene to 'force' banks to lend. On the retail front, the MFI 'rescue' that happened only eight weeks ago is supposedly on the rocks already, and there are reports Woolies may go into administration tomorrow because it is having trouble covering the wages bill. If it manages that, it's likely to go into administration anyway within at most a few weeks, swifly followed by at least 200 store closures.

26-11-2008, 10:57	#177
Mark Screaming Orgasm Join Date: Jul 2006 Location: Newbury Posts: 15,194	My employer is well-placed to weather this - we're heavily promoting the idea of using our software to help cut IT costs, which is obviously going to get some attention in the market. However, even I recognise that that only works if you have customers willing to pay, and a scary number of those seem to be experiencing difficulty (obviously, I can't name names, but you'll have heard of them), so I'm not counting my chickens. I'm now prioritising an attempt to clear all unsecured debts within 6-9 months. I'm ashamed to say I failed miserably to do that last month, but that was at least in part due to putting stuff like food shopping on plastic so that I'd make absolutely sure I had cash in hand to pay off interest free credit before the deals expire (paying interest on the card balances is at least 20x cheaper than what would happen if I let the deals expire). To that end, money to more than cover the first one is currently sitting in a savings account, and I'm hoping to have have most of the money to cover the second in a few weeks.

26-11-2008, 12:06	#178
Zirax Goes up to 11! Join Date: Jul 2006 Posts: 4,577	In the UK we are also technically well placed to ride this out. Our business is 65% government work in the UK. There are moves afoot to milk every penny out of government contracts that come up with the spending spree. That won't stop them cutting jobs though.

26-11-2008, 18:20	#179
Del Lardo Absinthe Join Date: Jan 2007 Location: Cambridge Posts: 2,539	BBC are reporting that MFI have going into administration.

26-11-2008, 18:24	#180
Burble Rocket Fuel Join Date: Jul 2006 Posts: 7,826	Woolworths too.