The recession is over, we can all rejoice in surviving the “great recession”. But if a recession was that easy what were we all worrying about?
The truth is we are no where near the end of this recession, despite the recent surge of bright economic news in recent weeks. Whilst stock markets may have turned a corner it is well known that they rally long before the real economy does. Unemployment is still rising and that along with GDP should be the key indicator of a nations economic health.
So why the optimism? (more…)
This week our unelected Government pushed through legislation to abolish student loans. Unfortunately this doesn’t mean you don’t have to repay, it’s just becoming more of a tax rather than a loan! So what exactly have they done?
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Whilst some might be raking in the cash for their unwanted goods, all my efforts on eBay this month seemed about as successful as selling a random selection of goods under the brand Woolworths!
Having spent the best part of a day listing over 50 items, painstakingly photographing them and writing the descriptions I was hoping for a good return.
However only 9 sold for a total of £45.14 and after eBay fees, PayPal fees and postage left me with a profit of just £24.30. Which is disappointing to say the least.
I don’t think there was anything wrong with the items, and with starting prices of just 99p they were not overpriced so I think this might be another symptom of the current recession. I don’t think it’s demand that’s dropping, but rather a case of over-supply.
Everywhere I look there is another how-to guide screaming for attention with titles like “How-to beat the Credit Crunch”, “Recession Busting Tips” or my personal favourite “Happy credit-crunch Christmas”. And just about everyone of these imaginatively suggests making some extra cash by selling your unwanted goods on eBay.
So lesson learnt. The ‘herd’ are now on eBay so I’ll wait for the recession to end and the ‘herd’ to move on to the next frenzied bubble.
