The coming worldwide credit crunch

Goodness TJ... I almost wish i hadnt asked!  Im not good with sad stories ... so lets concentrate on the happy parts ... Trixie and Patch look lovely!

So ... back to my investments .... any ideas? 

Hi AuntieEm

Have not forgotten you - will get back - v busy at the mo.

I see the selfish thread pinchers have turned yet another important thread into a pointless joke page, as if they haven't started enough of their own, give us a break

Well said Johnone and Leema.  I'm afraid I look now and then go off somewhere else.  You'd think the "BUCKET" would keep them happy but it is very boring trying to get through the stupid pictures and "well, hi luvvy, aren't we great" type of chat when you're trying to find something.  The see last 20 posts is a bit of a joke when it's full of inane pictures of cats and look how sparkly I can make my words come out type of posts.

Now, of course, the site Mafia will come and say how everyone really enjoys it but I feel they are getting in the way of the raison d'etre of this site.  I'm sure a lot of people are being put off and not providing (or asking for) information that used to be the reason this site was so useful and informative.

Back to my little hidey hole now and may see you sometime.

Right, so back to the thread (and the first doggy picture or sparkly comment that comes up will be given short thrift), excellent article in todays Daily Telegraph explaining why the crunch has happened in the US and why we should be wary in the UK.  Apparently it was all to do with selling on bad loans by US banks to European banks (seems Banco Popular de Espana was particularly badly hit) under the guise of good business.  US had 1% interest rates on 110% mortgages (can you believe that?) and, when they put the rates up to 5.35% (in stages) that's what made so many default on the loans that had already been sold to European banks.  Two German banks had to be bailed out by the government to the tune of 8 billion and 17 billion euros respectively.

Interestingly, the article also talks about Spain's unemployment being increased by 60,000 since July, mainly in the property and construction market. 

Knowing my luck, the market will crash in about April next year when I will be selling my UK house in order to move over to Spain.  And, of course, prices in Spain will double, the pound will crash against the euro so the money I make on my house will be worth diddly squat.  Usually happens that way with me.  Every time I transfer money to Spain, the pound is worth about 1 euro 20 but when I do it the other way it's worth about 1.90.  Ah, me, take out a mortgage at 3% and the Bank of England sticks it up to 5.75% in the next 6 months.  They must see me coming.

I'd just love to post a picture here showing a half full glass (or half empty depending on your point of view) surrounded by sparkly, glittering writing with a cute little pussy cat jumping out of the glass, but I daren't. 

Thanks everyone for your support on this,

John 

I have just read the whole thread through and was interested to see that the main contributer regarding the  coming world wide credit crunch has also posted 'doggie' pictures and made comments........'Thanks AuntieEm, glitter made my day' and 'Morerodado, brilliant, absolutely brilliant' and 'Thanks Morerosado, loved the picture'.

There is also a comprehensive discussion about ice cream on this important and serious site, again from a major contributer.

Back in August Smiley and Georgia said ' there is no need for personal attacks' and 'valuable contributers have been lost because of personal remarks of a negative nature'.

I am not disputing the importance of your thread,and have in fact, apologised three times for the seven posts which I contributed that obviously upset you and your post.

It seems that Freedom of speech applies only to a few and a sense of humour applies to even less.

Edited post only to correct spelling.....not content.

Oh I understand this game now.  It's ok to hurl insults at others as long as they have logged in under a different guise!! Clever.

LAM1963, strong words with not much niceness or friendliness !!

Even though you obviously do not like the 'bucket' it's a sorry state to lambast persons who do.

I try to help on posts if I can and feel I have contributed some decent information. I do not understand what you mean about the site being used for  'financial gain'  and thought that  sort of stuff was quickly edited.

As for the different guises, yes I agree it is much better to post as yourself, so who has done this ? Certainly not myself.

I would like to read more about 'the coming world wide credit crunch', and would prefer the postings to remain courteous, friendly and respectful.

If some of you guys would care to look you will find that the "thread drift" by the so called "bucket" users started as an attempt  (along with others) to stand up for the original contributor  who had been accused of being boring and having no life because of the length and nature of his posts.

Those you are now maligning and other regular contributors were attempting to support TJ and encourage him to continue posting in his informative way on this post ... not attempting to "hijack" as you so lovingly put it.

Where were you then??????   or is this just another excuse to have a go? 

If so, please stop ... I do not come on this forum to show off, score points, or be unnecessarily rude, insulting or unfriendly   So please do not accuse me of it, and i will likewise not accuse others just because i am not impressed, entertained or informed by their posts!

As for my glitter  ... I like it ... if it makes you smile then I am glad ... if it makes you angry or upset, then that is sad.

I believe that this site is about more than just giving information it is also about providing support and friendship to people in similar situations.  Please bear that in mind.

This is the first and last time that i will post a message to explain or justify myself ... I am extremely disappointed that what i have read has made me feel the need to do so.