January 2nd, 2009

Another New Year… I have just reviewed last year’s new year post (click here to see) and guess I wasn’t over joyed by the prospect of another 12 months of nonsensical drudgery and boredom without hope or ambition, at least that’s how it comes across. I see from the comments it was slightly mis-understood, the comfortable lifestyle I was suggesting was that of the Middle Classes, families are already tightening their belts as my prediction of recession, that a year ago seemed to some to be pie in the sky, is now reality; house repossessions have soared by 60% and there has been the largest fall in house prices in a 12 month period ever. It’s not all gloom, there are those who prosper in an economic downturn, a weaker pound means cheaper exports for the manufacturing industry, those with Tracker Mortgages will benefit from the interest rate cuts, although those with savings will lose out… So once again it is those in the middle that are worse off, the less you have, the less you have to lose and if your filthy rich (and wise) you will have an accountant to move your millions around to the safest places in the world’s markets.

I’m one of the lucky ones, I left the Isle of Wight with nothing three years ago and stagnated for a while, I now have an idea of where I am heading and intend to rise above it all this year. Although my personal outlook is optimistic, I think the country as a whole is in a dire situation, the biggest issues of this year will be unemployment and the war in the Middle East/Afghanistan, by this time next year it will become clear to most that a very dark era has begun and arduous times are approaching.

Entry Filed under: Personal