S&P future is limit down....

Dow future down 538

Ftse off 8.5%

Wow! was anyone planning on a cheap Chrimbo shopping trip to NY? bang goes that idea!

 

my mates there next week doh!

its dead here today.......... nothing is moving!

 

Not looking good is it my work along with alot of dealerships around this way are getting very slow trust me to get a big house in feb this year

 

Every cloud* and all that, as i am paid in dollars, which was always halved by the time i got my wages.

 

** Normally, i say Every Cloud is full of rain, just waiting to piss down on you when you least expect it.

What silver lining? ROFLOL

 

Its looking horrific mate

Auto industry is getting hit HARD.

Hope things work out Carlo.

 

anychance of some good news lee?

 

My Westy should be on the road tomorrow?

I'm going to the bodyworks exibition with Maria on saturday and then off to watch Chelsea stuff Liverpool on sunday??

well thats good news for me!

 

I feel bad making a joke now. Sorry fella. Hope it works out for you mate, i too got a house in Sept last year, just as house prices peaked.

Im sure hard work will see us through mate.

 

bodyworks exhibition is awesome lee, i went to it in hawaii.

 

should be a cracking game! im hoping we can end your home run!

 

i feel better now lee thanks

 

Thanks lee stu thankfully im just a emloyee (sp) & i dont own the place plus the missus is a nurse with a good wage so i will always get by just not as comfortable as i do just now.
Looking for a job aint an option just now as im prob safer where i am..
Lee are you hit hard at the moment as a result of this as well?

 

why are you paid in dollers then stu? your company presumembly is registered in the uk?
just curious m8

**edit doh just twigged** you mean your wages from IB not msd

sorry for being a plank!

steve

 

i remember when the exchange rate was $1.45 /Ł
what is it today porkie
house purchases are long term investments not short term and we have to live somewhere ,better to pay a mortgage than waste money paying rent.
The boom will come around again and so will the bust

 

I have three jobs mate. I cant abide spare time. LOL

 

Just to add my work (bmw dealership) about 10 miles from a merc garage, the merc garage is that quiet its got a add in local the paper advertising servicing for bmw's

 

Blimey Tony, where have you been?
It was over $2.0/Ł1 not very long ago at all! I was buying from the states on an hourly basis. LOL

It was $1.60 yesterday.

here is the trend. Scary stuff.

 

I know it peaked to over $2 dollars, now that was good for the Brits but shit for the yanks.However it was only any good for the Brits to import but shite for our export.
Many years ago it was $1.45 I also vaguely recollect a time when it was even less than that.The pound has been over inflated against the dollar for years time for it to get back to a realistic true value

 

wow. never been to Hawaii!

whats it like mate?

 

i work at diageo(drinks company)there profits are going through the roof.think everybody has turned to drink.cunts still gave us a shit bonus this month

 

huge mate and have a very uncertain future... but hey ho, I am healthy, happy and have had a fooking wicked 10 years at it... in hindsight I have been ridiculously wasteful and extravagent in some respects (mainly HUGE nights out and treating my mates far too much) but lifes for living! and I'm not proud at all so I will stack shelves if I need to! and Polly x is really high up at Tescos so I reckon he could hook me up when the time comes!

heres a quote for Tony from a city trader....

'This credit crunch is worse than a divorce!! I've lost well over half my net worth and still have a fucking wife!'

 

Ah, totally missunderstood your intentional point there.

For me.

 

QUOTE OF THE WEEK!

 

Not good lee hope things dont get that bad, on brighter note 10 good years is something ppl can only dream about

 

hawaii is very nice lee, not what i expected but still very nice, its basically a mini america, just with nicer weather and loads of japanese.

Great if you like shopping, maria would have a field day, but it isnt cheap, its supposed to have some of the most lavis shops in the world and i can see why, on such a smaller island it has 2 massive shopping complexes, and if there isnt a every top designer brand in there then i would be very supirsed.

 

Thanks Carlo

Stu some more banking jokes for you

How do you define optimism? A banker who irons 5 shirts on a Sunday.

Q. What's the difference between Investment Bankers and London Pigeons?
A. Pigeons are still capable of making deposits on new BMW's



Q. What's the difference between an investment banker and a large pizza?
A. A large pizza can feed a family of four.

Q. What have Icelandic banks and an Icelandic streaker got in common?
A. They both have frozen assets

Q. For Geography students Only: What's the capital of Iceland?
A. About three Pounds Fifty

 

roflol

 

Sounds like Dubai... just with english instead of Japanese

makes me laugh when the arabs slag off the yanks and Europeans.. whilst eating there Mcdonalds, drinking a bud and driving a Ferrari

 

I am a serving soldier in Germany.

It wasn't long ago when I could draw money out using a UK cash card and get 1.49 euros to the pound.

The exchange rate is now only around 1.19 euros to the pound.

I am very lucky that I have a German bank account that I can have my wages split between the two. The British Army give us 1.31 euros to the pound if we have some of our wages paid into the German account.

The difference between 1.31 & 1.19 euros to the pound can mean as much as feeding myself for the month.

We used to get a very good exchange rate that meant we were flush compared to the rest of the community.

It really is going tits up.

It's times like this that I consider myself very lucky as an individual person I am relatively unaffected by the onset of recession

My wages stay the same no matter what.

Looking to be a first time buyer with a 30k deposit in April. House prices etc falling just makes it easier for me.

Real shame to see everything going pear shaped

 

See!!! it could have been worse mate!

 

just been nosy lee... you say you have had a good ten years at it, is that to mean peoples jobs in the city is like yours is under threat? or do you work on bonus systems etc ?!!?

 

nice position to be in mate. Choose the right location with a distressed seller and you really could hit a home run in the long run... and get a nice place to live or rent out

 

I've been watching the Yen rate quite closely recently as I'm looking to get some bits from japan for my new car, when it comes, and this morning its just dived and fallen almost 10% against the pound

 

God yes! They reckon 60,000 city jobs could be going mate!!!

60 fooking thousand!

More banking rather than broking though. I work in a very small team as well. We are pretty lean and mean already so fingers crossed I may be ok....

 

right i see, i hear all the time of jobs going in construction etc but cant say ive heard to much about jobs going in the city don't know if thats cause im to far north or just haven't seen the right news papers, fingers crossed then

 

Cheers Lee,
I decided it was about time I stopped pouring my money into a mk3 escort and made the money work for me. 11 years done and 11 years left to do in the army.

I have seen far too many of my bosses get out after 22 years and have absolutely no property or investment.

They have to use their gratuity and pension money each month to pay for something they should have sorted out ages ago.

It all comes down to the 7 P's

P roper
P rior
P lanning
P revents
P iss
P oor
P erformance

Property will be bought to rent out. Then save and buy another one.

Then I think I might treat myself to an Escort RS Cosworth in a couple of years

 

it is worse porkers I am wife free have paid for all of my assets in 06 have the expensive kids now I have the credit crunch

 

fingers crossed for ya mate

 

Excellent plan!

apart from getting ANOTHER wank money pit at the end