Tuesday, April 07, 2009

You know its a recession when...

You know its a recession when your friends start getting fired.
Unfortunately, I'm now at an age when it's my friends children that get fired.
I heard today of a very bright chap who hasn't worked since September. He is married with two children and living in what most people would regard as a big house.
He is so hard up for money he asked his father for £200 to pay for groceries. His father ( who recently bought( rented?) a new Mercedes and lives in another, bigger house) told him he couldn't spare it. The wife went to her mother and borrowed £300. The school fees are two months behind. There's effectively no equity in the house.
Where is it all going to end? It can only be in mass bankruptcy.

7 comments:

Brian Boru said...

Yes, when one reads this the gravity of the reality of the situation comes a bit closer, particularly as I have children in their thirties.

Sadly, the UK is in a worse position than most comparable countries.

I am tempted to wonder should there not be some sort of International Tribunal for Economic Crimes along the lines of the Nuremberg trials....

kinglear said...

HA! Yes that would make people stop and think.
Insulated as you are by good wine, cheese and better weather, I can only tell you, BB, that things here are MUCH worse than are being reported...

Winchester whisperer said...

Sorry to hear that, KL

kinglear said...

ww-I'm down to three full meals a day....

Brian Boru said...

Hang in there, Lear. Think of it as a fiscal stimulus, quantitative [or belt] easing. Whatever, your'e doing your bit.

kinglear said...

BB- I've given up the deep fried mars bars....

Brian Boru said...

I imagine that was because it was Lent...