How to take advantage of recession??

[northwind]

Originally Posted by gettin2dizzy

YOu're only protected up to £35k. But if you've that much in the bank - then you're not exactly struggling!

Mega typo on my part there

[northwind]

Originally Posted by gettin2dizzy

Why is so much taxpayers money being poured in to this?! We're already overtaxed.

Because when the stock markets and money markets fall, so do companies, which reduces tax revenue, and puts people out of work, which also reduces tax revenue while increasing social spending. But you know that of course.

Originally Posted by Drew Carey

No, but ...

Milk and sugar on your credit crunch, Drew?

Didn't want none anyway, I bet.

[tigersaw]

Originally Posted by Biker Biggles

Last weeks news.Airlines already bust.Will have to take eurotunnel.Oh that burnt down.Looks like Blackpool then.

Best go visit the pier before thats gone too.

Originally Posted by northwind

Because when the stock markets and money markets fall, so do companies, which reduces tax revenue, and puts people out of work, which also reduces tax revenue while increasing social spending. But you know that of course.

We should just give them pointless public sector jobs to keep them employed... oh, has that already been done?

Originally Posted by gettin2dizzy

We should just give them pointless public sector jobs to keep them employed... oh, has that already been done?

Makes you wonder doesn't it. The government seems to expect the private sector to support the economic dead wood to infinite degree.

[Viney]

Originally Posted by Dave The Rave

If you guess right you buy shares, options etc at their lowest prices. When will that be? No one knows. So there is a great deal of risk.

This is global issue so no gain on £ vs $ ratio. Highly likely $ will get weaker as America is power house of the world.

Buy yesterday, sell today.