credit crunch.....??? what credit crunch..????

[JM07]

i have been to 5 Horse/Pony sales this week...

on Tuesday i took 5 to a sale...brought home 2..3 sold well over their reserve

thursday i took 2..sold them above expected prices..
bought one in.

Friday.bought 2 at Leominster and 1 at Brecon....

then sold the 2 from Leominster, the 1 from from thursday, and and one from the field.


all at sensible prices.

no credit crunch here.

very, very happy with the state of the market TBH...............

 

[myhorsefred]

JM - I think the media have to accept a lot of blame for 'hyping' the credit crunch as much as they have.

I'm a financial consultant and specialise in raising commercial funding for clients (for farms and equestrian centres/riding schools in particular) and I have never been busier. Banks do have money to lend and I think the papers/press have made matters much worse.

Sorry, rant over!

PS - do you fancy buying my Welsh Sec D gelding off me?

 

[JM07]

am always looking for natives.as per my sig...


pm me details........


thanks....

 

[Zaffy]

Ahhhh .........

I doubt the post would be the same in a year's time. Really simple - high inflation , falling house prices, low wage rises - leads to less spending power .......

Not rocket science to see the medium term outlook for all sectors of the economy.

A lot of people are already suffering the impact. Is you're post slighlty selfish ??

Z

 

[PennyJ]

I'm glad to hear it's going so well for you JM07. Did you go to Beaulieu Road on thursday?

Hopefully I might get to meet you in person at the Breed Show, we're going Sunday and Monday. (Of course you might see me in the flesh having recognised me by my ponies and run away in the opposite direction!)

 

[JM07]

[ QUOTE ]
Ahhhh .........

I doubt the post would be the same in a year's time. Really simple - high inflation , falling house prices, low wage rises - leads to less spending power .......

Not rocket science to see the medium term outlook for all sectors of the economy.

A lot of people are already suffering the impact. Is you're post slighlty selfish ??

Z

[/ QUOTE ]

slightly selfish??

what are you on???

i feel the only people who are "struggling" with the so-called credit crunch, are those who over stretched themselves when things were "good".

their problem, i'm afraid....

 

[JM07]

yes penny, we were at Beaulieu.....sold 2...and bought a nice coloured PB filly...which i sold less then 48 hrs later

going on Monday..

2yr old in hand and 4yr old in hand.....

 

[FinellaGlen]

JM, I've not noticed any "crunchy credit" problems either. My business is, fortunately, doing as well as ever. I think that some sectors are suffering though. OH's brother sells Mercs and he is struggling a bit at the moment.

 

[BlackDiamond]

Agree with that comment JM - the only reason things are tight is when people spend what the dont have, like I did a few months back - eep!

 

[m3gan]

I think it is easy to say"what credit crunch?" when you are reasonably well off to begin with. If you have enough disposable income to begin with the higher prices that are now very much in evidence and are set to get even higher will not have such an impact upon your life.
For people who are in the position of worries about their jobs, the construction industry to name one or retail then it is a very different picture. Also people who rely on state pensions etc.
To say that people are to blame for over stretching themselves is insulting when there are people who can't afford to keep a roof over their heads through no fault of their own and have to suffer the misery of repossesion .

 

[dressager]

Weirdly enough, last month was my busiest and most profitable month since I started work 2 years ago!

 

[JM07]

[ QUOTE ]
I think it is easy to say"what credit crunch?" when you are reasonably well off to begin with. If you have enough disposable income to begin with the higher prices that are now very much in evidence and are set to get even higher will not have such an impact upon your life.
For people who are in the position of worries about their jobs, the construction industry to name one or retail then it is a very different picture. Also people who rely on state pensions etc.
To say that people are to blame for over stretching themselves is insulting when there are people who can't afford to keep a roof over their heads through no fault of their own and have to suffer the misery of repossesion .

[/ QUOTE ]

was the "you" and "your" in the reply directed at me???

if so, then you obviously don't know me at all...or my "situation".

 

[Rachel_M]

[ QUOTE ]

To say that people are to blame for over stretching themselves is insulting when there are people who can't afford to keep a roof over their heads through no fault of their own and have to suffer the misery of repossession .

[/ QUOTE ]

I am one of the people who lost their jobs in the constructions industry, from the fallout of the market. Luckily, I am still with the parents whilst I finish my degree but I know a lot of my colleagues who were not in that position. It has been a terrifying ordeal for them and they were nervous wrecks at what was going to happen.

There are some areas which are still going strong but that is not the case everywhere and people are suffering. Whilst I am glad that JMO7 is making a good turnover (It is always good to hear people working with horses doing a decent trade), I understand that the post can be seen as really gloating and offensive to people who are struggling at this time. By all means be proud of your business doing well but don't rub it in the face of the people who are going through some of the hardest points in their lives.

 

[MistletoeMegan]

My interpretation of JM's post was not about her situation at all, but rather the impact of the credit crunch on the horse market.

It is all too easy for people to read things that aren't there when they are feeling touchy about a subect.

 

[JM07]

[ QUOTE ]
My interpretation of JM's post was not about her situation at all, but rather the impact of the credit crunch on the horse market.

It is all too easy for people to read things that aren't there when they are feeling touchy about a subect.

[/ QUOTE ]

thank you megan....

i thought it was self explainitory, TBH.

 

[Firewell]

OMG I cant believe how rude some people can be!!! I understand the post, its good news to know the horsey market is still bouyant. BUT I find huge it hugley offensive that some poepl can 1. deny that the financial/housing markets have a problem and 2. can say that if there is a problem its because people spent too much money.

1. There is a problem, and it is a threat to a lot of business/people. 2. some people cannot help their situation.

One of my friends works as an estate agent, so many people in her company have been laid off, she is really worried about her job. One of my friends is an investment banker who's big bank went bust and now he has not got a job, a big house and a family to support. They are having to sell up. Big banks like that dont just go bust. Has anyone looked at the falling stock prices???

Im sorry but to say 'its their fault for spending money they dont have in the first place' is so naive and down right rude. Yes I know people that arent affected by it, personally it hasnt affected me. But I can see it has affected others.

We are in different situations so be respectful to other people please.

 

[Autumn_Fairy]

When I read your first post it was good to see that not everyone is being affected by the credit crunch.

But I find this comment extremely short sighted....

[ QUOTE ]
i feel the only people who are "struggling" with the so-called credit crunch, are those who over stretched themselves when things were "good".

[/ QUOTE ]

We are lucky enough not to have a mortgage and we don't have credit cards. My husband is a sub-contracted carpenter. The site he's working on has not sold a private house since November. The only houses being built at the moment are the social houses. The builder has dropped its house prices to encourage buyers. They have also dropped what they are paying their contractors, who have passed on the cuts to the sub-contractors. So even though we have not (and never have) over-stretched ourselves we have found our household income has taken quite a tumble. Yes it is our problem - but it didn't happen because we over stretched ourselves.

 

[Zaffy]

[/ QUOTE ]

Quote :

JM07 said ....

slightly selfish??

what are you on???

i feel the only people who are "struggling" with the so-called credit crunch, are those who over stretched themselves when things were "good".

their problem, i'm afraid....

[/ QUOTE ]

<font color="black"> </font> <font color="red"> </font>


What am I on ? I am on planet earth .... can give you a map and directions if you decide to join us ?

On a serious note, all markets follow the ecenomic cycle at some point, suggest you make hay whilst the sun shines, or you may find yourself 'over stretched' !

Z

 

[JM07]

[ QUOTE ]


[/ QUOTE ]

Quote :

JM07 said ....

slightly selfish??

what are you on???

i feel the only people who are "struggling" with the so-called credit crunch, are those who over stretched themselves when things were "good".

their problem, i'm afraid....

[/ QUOTE ]

<font color="black"> </font> <font color="red"> </font>


What am I on ? I am on planet earth .... can give you a map and directions if you decide to join us ?

On a serious note, all markets follow the ecenomic cycle at some point, suggest you make hay whilst the sun shines, or you may find yourself 'over stretched' !

Z

[/ QUOTE ]

i have a sat nav...thanks, i'll give it a go..

i also plan ahead...i managed to take 2 cuts of hay and 1 of haylege long before the dire weather kicked...as i said, i don't leave much to chance...and NEVER overstretch myself....

it isn't wise to, don't you agree?

 

[Zaffy]

Totally agree ... never good to over-stretch financially, or physically I find as I get older (and wiser ?).

Hope you're forward planning is enough to offset the rise in costs and likely drop in revenue over the next 18 months or so.

Z