Second Financial Collapse Starting?
#122
Scooby Regular
http://www.youtube.com/watch?v=4Z9WVZddH9w
Watch it, it is very good, will need best part of 3 hours though
Watch it, it is very good, will need best part of 3 hours though
#125
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Thread Starter
Well, that's it then .... they have just decided that Greece will be allowed a 'soft' default - writing 50% Off its debts.
Crap!! That means that Spain, Ireland, Portugal and, yes, Italy will want - no, DEMAND - the very same treatment!!
They just walk away from their debts while we take the cuts right up the rear - as usual, we (the UK) just bend over and take a good old fashioned shafting ....... while the greasy, slippery, foreigners take what they like and cry if they are told they can't have it ... until we all give in!
A bad, bad, day for those who live within their means - yet again, the greedy and stupid are bailed out!
Crap!! That means that Spain, Ireland, Portugal and, yes, Italy will want - no, DEMAND - the very same treatment!!
They just walk away from their debts while we take the cuts right up the rear - as usual, we (the UK) just bend over and take a good old fashioned shafting ....... while the greasy, slippery, foreigners take what they like and cry if they are told they can't have it ... until we all give in!
A bad, bad, day for those who live within their means - yet again, the greedy and stupid are bailed out!
#128
#131
#135
Scooby Regular
Thread Starter
So, basically, we are all foooooked .................
At least I didn't spend £25k+ on a Scooby STi last year .... imagine what THAT will be worth in a couple of months? £10k? £8k? £0? Unsaleable? Lucky I bought a highly desireable vehicle then I've always been cleverer than most on here
At least I didn't spend £25k+ on a Scooby STi last year .... imagine what THAT will be worth in a couple of months? £10k? £8k? £0? Unsaleable? Lucky I bought a highly desireable vehicle then I've always been cleverer than most on here
#137
#141
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Thread Starter
Labour would probably save the world like they did last time, 3 years ago.
We need to get people spending in the shops, buying houses, furniture, carpets, TV's etc. The only way we can do that is for people to believe they will be better off tomorrow than they were today!
We need to get people spending in the shops, buying houses, furniture, carpets, TV's etc. The only way we can do that is for people to believe they will be better off tomorrow than they were today!
#142
Scooby Regular
The last 10 years have shown this to be rubbish though. The index went from about 1000 in 1985, to 5000 in 1998, and it is this stellar performance that we have assumed as typical....and projected it in a straight line forever. We all put our relatively tiny pension contributions (which is massive if you are pslewis though ) into these funds which basically just track indexes and hope it 30 years so we can retire with good lifestyles.
I'm just wondering if it is no less a ponzi scheme than state funded pensions?
Where do you put your money indeed?
#145
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Thread Starter
I agree that Ed isn't going to lead Labour to victory in 4 years time .... someone like Blair will come up through the ranks.
What we need is another Blair - with Brown in charge of the finances .... the 10 years from 1997 to 2007 were the best financial years the UK has EVER had!
Anyone who didn't make their fortune during those years really need their bumps feeling as it was SO easy to earn a big fat wage and build up vast wealth in a property portfollio.
What we need is another Blair - with Brown in charge of the finances .... the 10 years from 1997 to 2007 were the best financial years the UK has EVER had!
Anyone who didn't make their fortune during those years really need their bumps feeling as it was SO easy to earn a big fat wage and build up vast wealth in a property portfollio.
#146
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I agree that Ed isn't going to lead Labour to victory in 4 years time .... someone like Blair will come up through the ranks.
What we need is another Blair - with Brown in charge of the finances .... the 10 years from 1997 to 2007 were the best financial years the UK has EVER had!
Anyone who didn't make their fortune during those years really need their bumps feeling as it was SO easy to earn a big fat wage and build up vast wealth in a property portfollio.
What we need is another Blair - with Brown in charge of the finances .... the 10 years from 1997 to 2007 were the best financial years the UK has EVER had!
Anyone who didn't make their fortune during those years really need their bumps feeling as it was SO easy to earn a big fat wage and build up vast wealth in a property portfollio.
#147
It's certainly not a ponzi scheme buying into businesses (unless they are ponzi schemes in themselves - e.g. government run). Maybe they are at an artificially high level right now, but again, the question is where else to put it. For me, performance from 1998 to now is not really relevant to the way I save. And not many people will have put all of their wealth in one lump into the FTSE at that peak. I will be buying this week and I will be buying in a few months, and then a few months after that and so on. Over the long-run I'm confident the price can at least match inflation - i.e. the companies will stay constant in real size. That's bound to happen unless we decline to nothing.
We had a private pension revolution from the 80's on, and this really buoyed up the market, now that revolution is over it is to all intents and purposes flat, we as late comers are like those joining a ponzi scheme late. Yes as least those underlying business do generate wealth, but for me the 'stellar returns' promised are based on that times when everyone was joining the scheme.
Like any ponzi scheme it would work best if people joined at a geometric rate....it had to grow or it will die. We need forever increasing immigration/birth rates for that.
How is a stock market supposed to outperform the economy long term, assuming it is not being pumped full of printed money or the equivalent of a new 'private pensions' revolution?
#148
I agree that Ed isn't going to lead Labour to victory in 4 years time .... someone like Blair will come up through the ranks.
What we need is another Blair - with Brown in charge of the finances .... the 10 years from 1997 to 2007 were the best financial years the UK has EVER had!
Anyone who didn't make their fortune during those years really need their bumps feeling as it was SO easy to earn a big fat wage and build up vast wealth in a property portfollio.
What we need is another Blair - with Brown in charge of the finances .... the 10 years from 1997 to 2007 were the best financial years the UK has EVER had!
Anyone who didn't make their fortune during those years really need their bumps feeling as it was SO easy to earn a big fat wage and build up vast wealth in a property portfollio.
Labour are irrelevent as a party without money to spend, and right now we have none!
#149
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http://www.youtube.com/watch?v=4Z9WVZddH9w
Watch it, it is very good, will need best part of 3 hours though
Watch it, it is very good, will need best part of 3 hours though
You need to watch it wearing a hat made out of tin foil sitting in a cupboard under the stairs!!
#150
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First 5 minutes were okay - after that i had to to other stuff
Barclays up to what i paid for it , i bailed a couple points lower based on all the speculation for imminent collapse
Barclays up to what i paid for it , i bailed a couple points lower based on all the speculation for imminent collapse