http://www.erinaceous.com/index.php
Employing 5000 staff in the property services industry they called in the Administrators this morning. Thats many more staff than were working at Rover Cars when it went under.
We are moving into the job loss phase now. Fear and panic in the housing market will see accelerated losses and very possibly a run on another bank or building society and yes I am looking at you in the bowler hat.
The rapidly broadening realisation amongst the general population is that the credit crunch is not going to be confined to the rarified and removed world of high finance and hedge fund. This realisation will result in reduced spending decisions. All airlines have high fixed costs and a rapid drop in sales on tiny margins means they often go from bumper year to crisis at amazing speed.
By all means continue to deploy your training plan. Perhaps research personal bankruptcy/IVA laws though so you know what your options might be if you do find yourself entering the jobs market during a recession. Perhaps you could structure your finances NOW to protect your assets if the worst comes to the worst and you end up unemployed and severely in debt.
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