I love the Credit Crunch

Originally Posted by Flamin_Squirrel

Speaking of 'carbon footprints', amazing how quickly everyones forgotten about that since this financial catastrophy began.

Plainly you haven't. It must be very close to your heart

As for this morning's announcements, I dunno... a necessary evil I guess. Who's coming with the rescue boat to everyone else?

Originally Posted by keithd

yep! since i began to "tighten my belt" i've burnt sheep and flew across the atlantic twice as i figured global warming/cooling was all sorted.

excellent!

Originally Posted by Ed

Plainly you haven't. It must be very close to your heart

Nah, it was just my general feeling that people were only pontificating about the environment because they had no real problems to moan about. Now they do have real problems, suddenly the environment gets forgotten about...

Originally Posted by Ed

As for this morning's announcements, I dunno... a necessary evil I guess. Who's coming with the rescue boat to everyone else?

I spoke to someone in the know about all this business the other day. Surfice to say, this is far more complex than greedy banks needing a bail out.

But as the US is now socialist, perhaps black will become white and the world will turn its self inside out - who knows!

[Paul the 6th]

oils running out, credit is broken, the ice caps are melting and i need some new tyres for my bike. Bit of a tight situation for all of us

How many banks reported ginormous profits last year.

And in just a few months we're bailing them out with £50bn.

Perhaps their auditors can explain.

Can somebody please square this circle?

Originally Posted by Ed

Plainly you haven't. It must be very close to your heart

As for this morning's announcements, I dunno... a necessary evil I guess. Who's coming with the rescue boat to everyone else?

Im in the the lifeboat and very grateful for the seat thank you
.
Hint: Contractor who pays himself monthly, and icesave. I'm feeling slightly more relieved now.

Originally Posted by Ed

How many banks reported ginormous profits last year.

Ginormous compared to what though? A profit on its own is meaningless without context. You need to know how much money was invested to earn that profit.

A bank might earn £1bn in profit, but if they invested £100bn, then they're bringing in less than inflation and so essentially losing money.

[G]

Originally Posted by Flamin_Squirrel

Ginormous compared to what though? A profit on its own is meaningless without context. You need to know how much money was invested to earn that profit.

A bank might earn £1bn in profit, but if they invested £100bn, then they're bringing in less than inflation and so essentially losing money.

Profit is profit....your refering to turnover.

'Turnover is for vanity....profit is for sanity'

Not really affecting me at the moment, just waiting on my outsourcing agreement to be signed and then i have my job guaranteed for 14months and then redundancy at the end of it if I don't want to stay

Looking to relocate to be closer to my girlfriend at the end of that time anyway and all my debts will be paid off by then so won't have any real overheads so currently its all good

Originally Posted by G

Profit is profit....your refering to turnover.

'Turnover is for vanity....profit is for sanity'

I'm refering to profit as a % of turnover. Think of it as savings if you like - you stick £10 in the bank, you might expect £11 back at the end of the year for your investment. If you get £10 back, or worse £9 back, you won't bother. Business is the same, just with more zeros on the end.

Originally Posted by Flamin_Squirrel

I'm refering to profit as a % of turnover. Think of it as savings if you like - you stick £10 in the bank, you might expect £11 back at the end of the year for your investment. If you get £10 back, or worse £9 back, you won't bother. Business is the same, just with more zeros on the end.

Yes but picking up from what Ed said and using your example, it doesn't matter how much the bank invested, they all made a profit. So they all got their investment back plus some extra, ie, they put their £10 in and got their £11 back.

They didn't make a loss.