We have that here too but its called "Scrappage" in the UK. Its due to end soon here also but that doesnt concern me too much. Even before it started in May things were booming. Im convinced that recessions are all media hype. I dont remember the one in the late eighties/early nineties either but the media keep trying to remind me of it. These media whores instigate the bloody things if Im honest with all the doom and gloom they propigate. For the vast majority of us though life just goes on as normal.
I cant comment on the situation in the states but Im convinced this all comes about because some arsehole journalist in the home counties is stupid enough in the first place to pay £350k for a three bedroom semi and when his mortgage goes up and he starts to struggle he moans that we are all doomed when in reality it is just him that is living on baked beans but still he reports that armageddon is coming. As a result of all the talk of doom and gloom everyone simply holds back for a bit as they did last year but when the confidence returns they go out and make up for it.
Those wankers in the media just dont like good news. The UK stock exchange is currently bouncing back big time and people like me are booming but do they report it ??? No they do not. I remember laughing to myself at media reports last xmas for instance because the news was so full of what a disaster 2009 was going to be. Then at the end of that particular news bulletin they added the throw away line that the xmas shopping was the highest it had been in years but that was just a blip according to the news reader. The bad news was front page but any good news was subdued because it did not suit the media agenda. What a bunch of bandits lol.
I reckon the real reason for the upturn is because all the recent doom and gloom has depressed people so much that they are now spending their cash to make themselves feel better. Also not wishing to sound in anyway big headed tough times can also be good because they do tend to weed out the shite. Like nature it is all about evolution. If you were crap in the first place then when the going gets tough your going to fall flat on your arse but the tougher ones always survive and come out stronger as a result. If Im honest I was actually kind of looking forward to this year because I had an instinct it would turn out to be a good one. Everyone else in my industry was shitting bricks at the tail end of last year but I had that gut feeling. Its all about having positive mental attitude I guess.
When this is all over and it is all analysed people will realise it was all just a fart in a teacup. It was all media hype that caused a rippling burp for a year or two. Yes there will be losers but the losers will be the ones who panicked and baled out at the wrong time. Sadly though there are always the innocent victims lower down the rung in the ladder who get caught up in it all but in my view when the jury comes out with its verdict this whole shitstorm was all caused by the media.
Guilty as charged.
