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I know this thred isn't really about the economy but more about building bikes but I think there is a certain relevance here...I get told off by my friends for being an optimist at present. I work in the Financial Services industry and from the data I've seen and hearing things on the grapevine from the city - The expectation is that this is a storm to be weathered and the worst will be over by the first few months of 2009.The doom and gloom vultures of the national press are lapping it up as it sells papers since it affects everyone in the UK. But if you look at it logically - because it affects everyone - the economy is near knackered but the global governments are getting involved to put together packages to rescue it I can't see the current situation lasting for a long time as it would screw everything for everyone. They can't afford to let it fail. There are rumours of Interest rates coming down to like 3% next year so I'm waiting for remortgage then rather than panic remortgaging now. Businesses are feeding off it as it allows them to cut costs, restructure their business and by making redundancies to legitamately get rid of their deadwood, their employees start being thankful for having a job so the companies increase productivity while at the sametime reducing head count / cost. Call me sceptical and I think this is a big change in the way our economies are managed, but there is a lot of negative press out there to make it seem worse than it is... ... and more importantly that it is the end of the world as we know it - well maybe but I see it more like a beginning of something new and perhaps better.
what he said....buy some nice bikes..enjoy them, in whatever capacitythe end
i've got one any excuse!