tag:blogger.com,1999:blog-7120550951047304934.post4745979888365567218..comments2024-01-22T13:47:59.175+00:00Comments on NUZZ PROWLING WOLF: UNTITLED (But I may think of one later)Nuzz Prowlin' Wolfhttp://www.blogger.com/profile/11631422073676125402noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7120550951047304934.post-45387482525586439672008-06-19T13:49:00.000+01:002008-06-19T13:49:00.000+01:00Just on the economic side of things - I think ther...Just on the economic side of things - I think there is a danger of us talking ourselves into a <BR/>recession. Or more to the point, the media talking us into one. <BR/>As far as I see it, an economic slowdown was inevitable. It was just a case of when and how it would come. Things could not go on like they were forever - House prices rising and rising each month, etc.<BR/><BR/>People do need to tighten there belts. A lot of workers who want pay claims cite their falling standard of living as a reason for wanting more money (Why does a tanker driver need forty grand a year?). But the thing is their standard of living has been a false reality for the latter part of a decade as many of them have borrowed hugely on the value of their homes to finance that giant plasma TV on the living room wall that impresses their friends so much. <BR/><BR/>Now it’s time for normal people to go back to living the normal (But still reasonably comfortable) lives they always have, and they don’t like it. As they see it, their standard of living is falling. It’s not, they should never have stretched themselves so far financially in the first place.<BR/>Or have been allowed to by the banks.Anonymousnoreply@blogger.com