Credit Crunch…!

11 10 2008

Anyone interested in business or even reading general news should be aware of the international credit crunch. It has been a sad month for many traders; a funny coverage by this blog

Well as students we are always in a credit crunch :P High spending – Low income! Nothing to be proud of, but hey let just say its part of the experience ;) In a way its better that the credit crunch took place now.. otherwise the older generation would blame us if it took place any later…

UK is always been more expensive for mainland Europe (or any other place for that sake) I would say our spending is rather ‘controlled’ Currently the spending ranges from: food and drink, to bus and books. Greg got himself in a private ’sub-prime’ situation :D Great numbers were mentioned, however due to confidentiality grounds I will not mention them :P However it can be said that Greg made large ‘donations’ to UK’s alcoholic industry :D While international banks are being saved by their governments, how will this scenario end for Greg…? Will the bigger authority have to step in…. Mr Flipse..? Exciting :P

Other strategy for Greg could be to copy some of the US Federal reserves tactics. Has anyone spotted this note already?

Will this be the next note?

Will this be the next note? 'Sir' Greg himself.. :)


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