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Author Topic: Credit Crisis and Recession Hit Hard in the UK.  (Read 1448 times)

Offline 99 Silver

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Credit Crisis and Recession Hit Hard in the UK.
« on: October 27, 2008, 07:53:10 pm »
Things are getting tough in the UK even for wealthy people as some have had to look at ways of boosting their income to maintain their lifestyle.
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Offline johngenx

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Re: Credit Crisis and Recession Hit Hard in the UK.
« Reply #1 on: October 27, 2008, 08:52:31 pm »
In all seriousness, if Canadians think we're going to skate past all this just because our banks haven't collapsed, think again.  The largest economies on the planet are all crashing and burning.  With the demand for natural resources falling, that puts Canada in the bulls eye for our own recession.  so much of our exports are raw materials.  Even if we were still manufacturing large quantities of finished goods, with consumer demand falling off in the US (and most other places) we'd still be screwed.
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Offline wing

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Re: Credit Crisis and Recession Hit Hard in the UK.
« Reply #2 on: October 27, 2008, 08:56:54 pm »
There is some good news though.

Dollar is low which means tech companies that have invested in Canada are doing slightly better with us Canadian employees which means less on the chopping block.  But we still need US investments in infrastructure.
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Offline Snowman

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Re: Credit Crisis and Recession Hit Hard in the UK.
« Reply #3 on: October 27, 2008, 09:13:39 pm »
The $0.80 CDN dollar is also keeping the mining operations that had low operating costs and utilized realistic metal prices in their long range planning profitable. There also has been a reasonable draw down on inventories that indicates there is economic activity out there albeit at a reduced rate compared to the insanity in the past 4 years.
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Offline safristi

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Re: Credit Crisis and Recession Hit Hard in the UK.
« Reply #4 on: October 28, 2008, 01:38:19 pm »
 FRIES fer two and sixpence.........yes LUV...... ::) well i'll be a monkey's Uncle......
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