Gone very quiet
Discussion
Household debt up 7.4% Dec ‘’21 to ‘Dec ‘22. But equally the government took on an extra £128b in debt (during the same period).
Interest payments on government borrowing likely to top £80b this year, compared to around £20b 10 years ago…that’s about an extra £3k per household in interest payment alone (increase over the last 10 years).
There is a lot of borrowed money propping up the spending.
Interest payments on government borrowing likely to top £80b this year, compared to around £20b 10 years ago…that’s about an extra £3k per household in interest payment alone (increase over the last 10 years).
There is a lot of borrowed money propping up the spending.
105.4 said:
It’s end of the week for me, (I’m too knackered to work tomorrow).
I’ve just had my busiest week by a considerable margin since the week-ending 15th January, and that week only beat it because I worked on the Sunday.
I collect from a couple of lady’s who sell on Vinted. They’re both busy too, and the well known chains that I deliver to are either ticking along nicely or are busy.
I’ve just been browsing on eBay. I bought a pair of TVR T350 seats for my Chimera back in 2008 for £380-£400, (I can’t remember which?). Those same seats now are being advertised for £1350 !
And £580 for a pair of trainers? Some folk have got more brass than sense !
I fully agree with a previous poster on here, (sorry, I can’t remember who), about how things aren’t making much sense.
Does anyone have any up-to-date data on the amount of credit card debt and the late payment / default rates on credit cards / car loans / mortgages please?
I’ve just had my busiest week by a considerable margin since the week-ending 15th January, and that week only beat it because I worked on the Sunday.
I collect from a couple of lady’s who sell on Vinted. They’re both busy too, and the well known chains that I deliver to are either ticking along nicely or are busy.
I’ve just been browsing on eBay. I bought a pair of TVR T350 seats for my Chimera back in 2008 for £380-£400, (I can’t remember which?). Those same seats now are being advertised for £1350 !
And £580 for a pair of trainers? Some folk have got more brass than sense !
I fully agree with a previous poster on here, (sorry, I can’t remember who), about how things aren’t making much sense.
Does anyone have any up-to-date data on the amount of credit card debt and the late payment / default rates on credit cards / car loans / mortgages please?
Wilmslowboy said:
Interest payments on government borrowing likely to top £80b this year, compared to around £20b 10 years ago…that’s about an extra £3k per household in interest payment alone (increase over the last 10 years).
That’s what happens when the Govt issues fully 25% of national debt as index-linked (unlike any other major economy)…Phooey said:
Went shopping at Bicester Village today and whilst it was relatively busy, I’ve seen it busier (but to be fair it’s usually Summertime to Xmas we go). However I would say the people that were there were getting stuck in. I don’t usually buy much for myself because it’s mainly ponces shops but fk me everything seems much more expensive than previous visits! I picked up a pair of trainers in Churches thinking they’d be about £90. Nope, £580!!! Fk that. I came away with a salt and pepper pot from le Cruset instead 
Car park was busy mind
Not “Gone very quiet” here
The Bentayga owner didn't receive the memo.Car park was busy mind
Not “Gone very quiet” here
Edited by Phooey on Saturday 4th March 20:10
I am completely perplexed as to all these £500 trainers, i really am.
They look totally s
t, they don't even look expensive, they look like the type of st you'd have been bullied for wearing 30 years ago
I don't think i have seen any where i have thought, 'yea, they look the bks' i can only imagine people buy and wear them because they are expensive, not because they look expensive.
They look totally s
t, they don't even look expensive, they look like the type of st you'd have been bullied for wearing 30 years ago I don't think i have seen any where i have thought, 'yea, they look the b
ks' i can only imagine people buy and wear them because they are expensive, not because they look expensive.Wilmslowboy said:
Household debt up 7.4% Dec ‘’21 to ‘Dec ‘22. But equally the government took on an extra £128b in debt (during the same period).
Interest payments on government borrowing likely to top £80b this year, compared to around £20b 10 years ago…that’s about an extra £3k per household in interest payment alone (increase over the last 10 years).
There is a lot of borrowed money propping up the spending.
Thank you Interest payments on government borrowing likely to top £80b this year, compared to around £20b 10 years ago…that’s about an extra £3k per household in interest payment alone (increase over the last 10 years).
There is a lot of borrowed money propping up the spending.
m3jappa said:
I am completely perplexed as to all these £500 trainers, i really am.
They look totally st, they don't even look expensive, they look like the type of st you'd have been bullied for wearing 30 years ago
I don't think i have seen any where i have thought, 'yea, they look the bks' i can only imagine people buy and wear them because they are expensive, not because they look expensive.
I remember when Adidas “Forest Hills” ruled in trainer desire. Samba for the day though. They look totally s
t, they don't even look expensive, they look like the type of st you'd have been bullied for wearing 30 years ago I don't think i have seen any where i have thought, 'yea, they look the b
ks' i can only imagine people buy and wear them because they are expensive, not because they look expensive.105.4 said:
Wilmslowboy said:
Household debt up 7.4% Dec ‘’21 to ‘Dec ‘22. But equally the government took on an extra £128b in debt (during the same period).
Interest payments on government borrowing likely to top £80b this year, compared to around £20b 10 years ago…that’s about an extra £3k per household in interest payment alone (increase over the last 10 years).
There is a lot of borrowed money propping up the spending.
Thank you Interest payments on government borrowing likely to top £80b this year, compared to around £20b 10 years ago…that’s about an extra £3k per household in interest payment alone (increase over the last 10 years).
There is a lot of borrowed money propping up the spending.
Wilmslowboy said:
Household debt up 7.4% Dec ‘’21 to ‘Dec ‘22. But equally the government took on an extra £128b in debt (during the same period).
Interest payments on government borrowing likely to top £80b this year, compared to around £20b 10 years ago…that’s about an extra £3k per household in interest payment alone (increase over the last 10 years).
There is a lot of borrowed money propping up the spending.
Well I guess it's a good job we can now go through a period of austerity to reign in that frivolous spending.Interest payments on government borrowing likely to top £80b this year, compared to around £20b 10 years ago…that’s about an extra £3k per household in interest payment alone (increase over the last 10 years).
There is a lot of borrowed money propping up the spending.
jammy-git said:
Wilmslowboy said:
Household debt up 7.4% Dec ‘’21 to ‘Dec ‘22. But equally the government took on an extra £128b in debt (during the same period).
Interest payments on government borrowing likely to top £80b this year, compared to around £20b 10 years ago…that’s about an extra £3k per household in interest payment alone (increase over the last 10 years).
There is a lot of borrowed money propping up the spending.
Well I guess it's a good job we can now go through a period of austerity to reign in that frivolous spending.Interest payments on government borrowing likely to top £80b this year, compared to around £20b 10 years ago…that’s about an extra £3k per household in interest payment alone (increase over the last 10 years).
There is a lot of borrowed money propping up the spending.
Oh
Sheepshanks said:
Phooey said:
Maybe I'm due a whoosh parrot but what's going on there - is it the posh car valet parking section or something?On shops generally, wifey dragged me into Chester city centre last Tuesday. I though it was busy and she said same (she's more experienced at shopping than I am). It was teachers strike day but most of the schools around here were still open and there were very few kids in town.
However what was a bit weird was that although the streets were busy, if you stepped into a shop they were almost deserted.
Was involved in a slack conversation yesterday on a digital agency owners group, around a dozen agency owners all saying that cold leads (inbound calls and leads through website, etc) are pretty much non-existent. Even referrals and warm/hot leads are few and far between and those that do exist are taking 2-3x minimum usual time to convert to sale.
Lots of lots of companies across a wide range of sectors just not willing to commit to spending anything right now.
We saw a similar dip in March/April last year. Seems it started in early Feb for most agencies this year and I suspect it'll go on until at least late April.
Lots of lots of companies across a wide range of sectors just not willing to commit to spending anything right now.
We saw a similar dip in March/April last year. Seems it started in early Feb for most agencies this year and I suspect it'll go on until at least late April.
jammy-git said:
Was involved in a slack conversation yesterday on a digital agency owners group, around a dozen agency owners all saying that cold leads (inbound calls and leads through website, etc) are pretty much non-existent. Even referrals and warm/hot leads are few and far between and those that do exist are taking 2-3x minimum usual time to convert to sale.
Lots of lots of companies across a wide range of sectors just not willing to commit to spending anything right now.
We saw a similar dip in March/April last year. Seems it started in early Feb for most agencies this year and I suspect it'll go on until at least late April.
People just need their easter eggs, it’ll all kick off again after that..Lots of lots of companies across a wide range of sectors just not willing to commit to spending anything right now.
We saw a similar dip in March/April last year. Seems it started in early Feb for most agencies this year and I suspect it'll go on until at least late April.
Sheepshanks said:
Louis Balfour said:
The Bentayga owner didn't receive the memo.
I was confused as I thought the SUVs in the first picture were Macans. 
To be fair, I can't recall ever seeing a Urus up here. The car park at Cheshire Oaks doesn't look like that.
I'm guessing if you have £1500 a month to spend on a car it's up there as one of the top choices, along with G wagon and the Bentayga.
They look like dreadful plastic tat to me surrounding a generic VAG V8 from memory.
There's definitely been an uptick in junk mail the last few months, mostly soffits and guttering. I guess people are getting tired of spending £3k for £50 worth of plastic and 3hrs of unskilled labour.
We had a Safestyle salesmen cold call last month. Before he could say anything I said "we didn't want any". His response was "don't want any what?"
"Er, Windows and doors, what else are you selling".
Accidently let one in my house too, did the old I'll call my boss and halve the price, didn't think that happened anymore.
We had a Safestyle salesmen cold call last month. Before he could say anything I said "we didn't want any". His response was "don't want any what?"
"Er, Windows and doors, what else are you selling".
Accidently let one in my house too, did the old I'll call my boss and halve the price, didn't think that happened anymore.
jammy-git said:
Was involved in a slack conversation yesterday on a digital agency owners group, around a dozen agency owners all saying that cold leads (inbound calls and leads through website, etc) are pretty much non-existent. Even referrals and warm/hot leads are few and far between and those that do exist are taking 2-3x minimum usual time to convert to sale.
Lots of lots of companies across a wide range of sectors just not willing to commit to spending anything right now.
We saw a similar dip in March/April last year. Seems it started in early Feb for most agencies this year and I suspect it'll go on until at least late April.
Can confirm similar (although I'm not a member of any slack groups) We have just started to get leads through again but we bled retainer Jan/Feb like never before.Lots of lots of companies across a wide range of sectors just not willing to commit to spending anything right now.
We saw a similar dip in March/April last year. Seems it started in early Feb for most agencies this year and I suspect it'll go on until at least late April.
Definitely taking longer to get stuff closed too.
LuckyThirteen said:
House completions right now have fallen off the edge of a cliff.
Pondering the fall-through rates. Suspect very high.
Forgive my naivety, but does ‘fall-through-rates’ equal mortgage knock-backs?Pondering the fall-through rates. Suspect very high.
As for me, things are still averagely. Not quite, not busy, just average.
105.4 said:
LuckyThirteen said:
House completions right now have fallen off the edge of a cliff.
Pondering the fall-through rates. Suspect very high.
Forgive my naivety, but does ‘fall-through-rates’ equal mortgage knock-backs?Pondering the fall-through rates. Suspect very high.
As for me, things are still averagely. Not quite, not busy, just average.
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