The whole problem was created with the sub prime loans, not any conspiracy to spread negative rumours by the media. Any bank that touched that will be at serious risk as other banks will loose confidence in them and when that happens they will drop, there are lots of banks that affected to some degree or other and it all started in the states, they have now been in a ressesion for over a year and are well in to it. We are just waiting for the wave to fully hit.
There will be a lot more bank merges and a lot of larger companys gong out of business very shortly. This time 2 yrs from now the high street will look a lot different.
Worst case scenario is if the tile shops start going out the game. Imagine how much work you would have if your local lifeline clossed. This could happen at any time in the next year IMO thats how bad it is.
As LM say's he is worried about another tiler coming in and undercutting him, i would be less concerned with that and more concerned with the kitchen shop going under TBH.
You can also be very sure tilers will start to drop there prices just as SLC finds its own level. This will happen and already has, its an economic fact of business.
However there will be a cloud with a siver lining in all of this for someone, i dont know where but there will be loads of money to be made somewhere.
And so the cycle will begin again but untill then its time for plan B.
Life is full of cycles and some of the older guy's on this forum have seen it all before, but not as bad as this one IMVHO.
Right I really hate posting on this subject as i do not want to be percieved as a D&G merchant so i will alway's end any CC post on a posative.
Stay posative guy's the world will continue to spin at 1,038 miles per hour you can be sure of that and people cant move house so they will do there own up. B&Q will get very busy with people who really shouldn't be
DIY 'ing giving it a go, You you can imagine the mess that is going to be made in the coming yrs and after its all over it will need put right
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