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Doom & Gloom, Recession etc.
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TOPIC: Doom & Gloom, Recession etc.

Doom & Gloom, Recession etc. 3 years, 7 months ago #1

Sorry to use the 'R' word, has it affected any of us yet? Eveytime we switch the news on, read the papers, it's not good news.

In the world I indirectly work in, motor racing, everyone is nervous, sh****ng themselves.
For example, F1 Williams team main sponsor RBS is now near enough government owned. They will demand cutbacks and word is many car manufacturers are in deep doo doo, falling sales and low stocks. Rumours of at least 2 F1 teams being out of business before the winter is out.

Below this, countless racing teams at F2, F3 level, touring cars, sports cars, bike racing, drag racing, rallying etc etc that employ thousands of people are in for a very hard slog to attract drivers who actually have any sponsorship. What company is going to commit to any sports sponsorship in the coming months?

Apart from the banning of all motorsport in 1939, this is, I think, the biggest crisis the sport has faced in it's history. It's going to be a bumpy ride. It could decimate the UK's important motor sport industry.

So anyone else affected yet or can see it doing so?

Re: Doom & Gloom, Recession etc. 3 years, 7 months ago #2

It hasn't affected me at all. Apart from the fact that I will now have to work until I'm 92, because my pension is completely f****d.

Re: Doom & Gloom, Recession etc. 3 years, 7 months ago #3

  • mikinik
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Lets rob a bank....oh wait, they don't have any money either  :-
Across the clouds I see my shadow fly<br>Out of the corner of my watering eye

Re: Doom & Gloom, Recession etc. 3 years, 7 months ago #4

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One of the tipping points that helped towards the current  financial melt down was the rocketing prices of Oil and Natural Gas  That, as we now know was caused by fuel speculators. The same unregulated speculators that lie behind the shafting of the banks ? Oh yippee, its capitalism at its most rapacious ?
            Lets just hope that this debacle will be relatively short lived and that we don't witness many hundreds of thousands of honest hard working people loosing their jobs.

Re: Doom & Gloom, Recession etc. 3 years, 7 months ago #5

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One of the tipping points that helped towards the current  financial melt down was the rocketing prices of Oil and Natural Gas  That, as we now know was caused by fuel speculators. The same unregulated speculators that lie behind the shafting of the banks ? Oh yippee, its capitalism at its most rapacious ?
            Lets just hope that this debacle will be relatively short lived and that we don't witness many hundreds of thousands of honest hard working people loosing their jobs.



We live in hope, nothing much more us mere mortals can do!
I'm the same as Nick, I'll be working until i'm 92 as well  >

xh

Re: Doom & Gloom, Recession etc. 3 years, 7 months ago #6

  • mikinik
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Looking at Nick, that can't be too much longer then?

Ducks for cover
Across the clouds I see my shadow fly<br>Out of the corner of my watering eye
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