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Financial Pundits?

PostPosted: Sun Nov 15, 2009 11:42 am
by LANDROVER ROGER
I work in the retail motor trade.During the recession,as you would imagine,business has been very poor.At the start of this year,I have noted sales steadily increasing month on month.Suddenly,some"expert"announces via the media that we are still in a deep recession.Great!The feel-good factor,which had started to return has now all but disappeared.These so-called"experts"do not realise the effect of their actions,and quite frankly they should keep their opinions to them-selves,shut up and let people live their lives. :x

Re: Financial Pundits?

PostPosted: Sun Nov 15, 2009 1:12 pm
by EMDEE
It makes you wonder how much the recession has been aggravated by the constant running commentary and doom and gloom in the media. :?

Re: Financial Pundits?

PostPosted: Sun Nov 15, 2009 10:00 pm
by Beachcomber
Out of interest, Roger, how's the take-up of the scrappage scheme been round your way?

Re: Financial Pundits?

PostPosted: Mon Nov 16, 2009 9:21 am
by LANDROVER ROGER
Beachcomber wrote:Out of interest, Roger, how's the take-up of the scrappage scheme been round your way?

Reasonable I believe.New car sales have improved slightly.The rationale is still a little beyond me.The government seem to think that someone who has been just about managing to keep £500 worth of car on the road can suddenly afford a monthly finance payment of around £300 for a brand new car.So I would suggest that the buyers are possibly already able to afford the re-payments.It has just brought their change cycle forward.My particular problem is that I sell used Land-Rover vehicles and the scheme does not apply.

Re: Financial Pundits?

PostPosted: Mon Nov 16, 2009 9:45 am
by £3.73
Forgive me if I'm wrong ... but isn't "cash for clunkers" simply getting people to part with something they own outright ...
and take on debt ? (which allegedly is why we're in this bloody mess in the 1st place) :evil:

Re: Financial Pundits?

PostPosted: Mon Nov 16, 2009 11:37 am
by LANDROVER ROGER
£3.73 wrote:Forgive me if I'm wrong ... but isn't "cash for clunkers" simply getting people to part with something they own outright ...
and take on debt ? (which allegedly is why we're in this bloody mess in the 1st place) :evil:

Spot on!Yet another useless scheme spawned by Brown and his cohorts. :x