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Don't worry the big boys will all make lot of money, it only small people saving and pensions that will be ****ed.
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Certainly looks that way. Mind you, if the banks don't manage to completely bankrupt the entire economy, by the standards of the new 'normal', this will be a pretty good result
I like that yer man George still looks pretty excited about it all.
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I'm sure there's an excuse for further [s]attacks on the vulnerable[/s] cuts to help the nation's finances here. What a bellend.
Yep and just the excuse for another round of Quantative Easing.
Yep and just the excuse for another round of [b]Quantative Easing.[/b]
Is that a euphemism for doing over the average citizen, the disabled or vulnerable, while lining the pockets of bankers and the wealthy?
If so, we will be fine.
In a nutshell yes.
So capitalism is still boom and bust
Who knew?
Hardly a crash, more a small correction.
Got grazed knees at the moment, lets see if it really face plants.
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I blame cbmotorsoprt and has huge investment into a guaranteed double your investment scheme.
So capitalism is still boom and bust
Who knew?
I can't see how it can be. George rebalanced the economy so that it was no longer based on unsustainable housing bubbles, and credit led consumer spending
Oh... wait... hang on a minute.....
I think you'll find Mr Brooooon abolished boom and bust?
Don't worry. You can always invest yourself in buy to let.
Is the stock market crashing?
Yeeeeeessssssss!
erm..
Noooooooooooooo!
Oh, hang on..
Yeeeeeeesssssss!
erm maybe..
Noooooooooooooo!
Really? do you actually GAF?
But what will we do if CFH cannot sell his paperclips anymore~?
can't see how it can be. George rebalanced the economy so that it was no longer based on unsustainable housing bubbles, and credit led consumer spendin
That's not what has caused the slide though is it.
Blame the Chinese. Their economy is having a blip so we all get a bit of a downer
Is that a euphemism for doing over the average citizen, the disabled or vulnerable, while lining the pockets of bankers and the wealthy?
If so, we will be fine.
It's Ok, we'll put the word "People's" in front of it, then it will be fine...
BLAME Jeremey Corbyn, who shares the same initials as Jeremey Clarkson, and Jesus Christ.
All seen to be blamed for ills in society
Not a bad time to buy though.....
BLAME Jeremey Corbyn
He's already caused One Direction to split up...
Matt, start shorting drawing pins. NOW!
The new normal
No ones allowed to put up risk anymore.... so markets move more violently.
But F£$£ me... not seen a move like that at the US open before in 20+ years.... S&P futures down 140 odd points just after the open, now "only" down 65ish.
Done pretty well.... but the firm as a whole is licking its wounds.... ouch
Yes, but only a little bit and who really GAF these days, it's meant to be a indication of the 'city's' optimism in the future but the city is no so far removed from the real economy it hardly matters - a dip over 12 months matters, a couple of days of panic selling meaning SFA to 99% of us.
A China led correction has been on the cards for some time, this is it - if China fails to deliver the right policy response then it would become much worse as everyone's economy is still pretty fragile.
But what will we do if CFH cannot sell his paperclips anymore~?
Matt, start shorting drawing pins. NOW!
Bugger I went long on Post-It Notes.
Could someone please tell a simpleton how to take advantage of this development, in as few words as possible, please - I would like to become rich with as little effort as possible. Thanks. 🙂
One word.
Blue tack.
Theflatboy, expect a call from my my advisor shortly.
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That's helpful, thanks - I'm very forthcoming so will tell him all he needs to know...
😆
Could someone please tell a simpleton how to take advantage of this development, in as few words as possible, please - I would like to become rich with as little effort as possible. Thanks.
Short sell shares now and then buy them back at a lower price later. Simples*
*The value of your investment may go down as well as up. Short selling can lead to unlimited losses, etc.
China put a lot pension funds into the market for the first time ever. And the Shanghai market lost 2.8 trillion $$ in 30 days.
I think every rational person knew China just couldn't keep on the way it was.
[url= http://www.cityam.com/222933/black-monday-gordon-browns-former-spad-damian-mcbride-thinks-you-should-stockpile-food-and ]Stockpile food and water...[/url]
Damien McBride says it's a biggie. What he knows that we don't I don't know!
Front page of FT.com should be avoided if you don't like the idea of big problems either...
We'll find out over the next few weeks but there's far more going on than just the stockmarket crashing...
Hope whatever is coming is massive and leads to apocalyptic chaos. I could use a few weeks off work.
If there is a massive apocalyptic chaos it will be no fun coz I do not have anything to defend myself or to shoot with ... Damn!
I need at least a Daewoo K-2 or K-20 ... 🙄
Hope whatever is coming is massive and leads to apocalyptic chaos. I could use a few weeks off work.
It's going to be a hard winter too.
Apparently El Nino is playing silly buggers...
Oils cheap I might stock up then.
chewie, guns run out of bullets... a good compound bow would be better and a damn big machete! 😆
So s not sound good.
Apparently El Nino is playing silly buggers...
Aye, it's huge, but being balanced out somewhat by something called 'The Blob'.
On my way home now, that was a long but quick day??
Gave a bit back this evening (SnP back down 90 points an hour ago!)... but not too bad ... we live to fight another day
Can't be that bad, my SIPP and ISA are still up over the year.....
Is that a euphemism for doing over the average citizen, the disabled or vulnerable, while lining the pockets of bankers and the wealthy?
Its called Conservativism
6% fall in brent crude, I'm off out in the morning to buy myself a big ol' gas guzzling 4x4, something more suitable for the coming apocalypse !
Expect some large multi national companies to suddenly announce massive redundancies in next few weeks.
It all sounds really quite exciting doesn't it?! 😆
Another round of milking the masses by the looks of it; squeezing the smaller investors until they cough and swiping their pots.
The final boss fight could be worth a small wager with bet365 or some such other online provider...
daftvader - Memberchewie, guns run out of bullets... a good compound bow would be better and a damn big machete!
Compound bow ... hmmm ... me Texan cowboy mate got one for hunting! 😯 Bloody cowboy!
I prefer machete or a long spear like this one below coz I ain't going to be infected by letting those ZMs near me. 😛
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Ro5ey who do you work for?
I'd like to apologise for setting off a worldwide financial meltdown by planning on cashing my Isa this week to pay for building work. F**g b***s!
Does anyone want a broken Nintendo DS lite?
Sorry c
I maybe a city monkey, but l ain't silly enough to divulge that on here
l wouldn't be allowed to talk to you anyway... though there is a high chance that any deal you may have, as a uk retail punter, will be dealt with my firm
[url= http://www.bbc.co.uk/news/business/market_data/stockmarket/143552/twelve_month.stm ]looks like a "wall street" type crash to me[/url] borrowing to invest in the market and coming unstuck....
looks like a "wall street" type crash to me borrowing to invest in the market and coming unstuck....
Yes, by all accounts it was quite the bubble. The Shanghai Composite went up by something like 150% in 12 months. So some of the more sober accounts are calling the a correction rather than the zombie apocalypse. Looking at Damian McBride's tweets I'd say he's either gone massive on selling short or he's off his tits on coke.
I looked up how to make a bow from some pvc pipe so I'm ready.
But currently European markets are regaining slightly so it may not be quite time to barricade oneself in..
I'm spending the day re-watching Zombieland, World War Z and Shaun of the Dead so I can pick up survival tips
Storm in a tea cup so far, Woodford's fund is still up 12% over the last 12 months. Be a different story if you'd put all your money in mining companies.....
bikebouy - Member
Is the stock market crashing?
Yeeeeeessssssss!
erm..
Noooooooooooooo!
Oh, hang on..
Yeeeeeeesssssss!
erm maybe..
Noooooooooooooo!Really? do you actually GAF?
For todays prediction..
Be a different story if you'd put all your money in mining companies.....
Could be a good time to buy some (BLT or RIO) big divi's which they look likely to continue. Or buy RDSB while oil is at a low, they'll probably keep the divi's up and should get some upside over the next few years, invest for the long term.
DYOR etc....
Shermer's got it right, allegedly McBrides been on a coke and hookers bender and now has to explain it to his partner... or he's selling short.
Well I see the FTSE heading up again. Personally I'd be considering more llyods bank shares to hold on well into the future but as Dobbo says do your own research...
panic over!
the stock market is now
a) rallying
b) surging
AND
c) roaring back
according to the Guardian. The front pages will be free of photos of bankers frowning at screens and Damian McBride will be able to stop stocking up on automatic weapons and lentils 🙂
Could be a good time to buy some (BLT or RIO)
I was thinking this, but all depends how long China stays subdued and whether they can weather the lull etc....
Do I still need the order I placed for arrows, machetes and fishing hooks? What about the pallets of beans and the IBC of fresh water that should arrive on Friday?
Can't go wrong with a pallet of beans - Zombie apocalypse or not
Do I still need the order I placed for arrows, machetes and fishing hooks? What about the pallets of beans and the IBC of fresh water that should arrive on Friday?
well assuming you ordered them yesterday i'd flog them on the Apocalypse Futures Index before they arrive. You could make a tidy profit.
Is that a euphemism for doing over the average citizen, the disabled or vulnerable, while lining the pockets of bankers and the wealthy?
QE doesn't help bankers or the wealthy make money. QE was introduced as banks have less ability to lend money these days so the government is stepping into the market to provide loans / liquidity. QE has made it more difficult for the wealthy to make money.
China is selling off for a variety of reasons not least that there is a huge amount of small / medium investors lunging the market with borrowed money and sooner or later they where going to get spoked.
Oil at below $40 a barrel will help a lot of ordinary people
Oil at below $40 a barrel will help a lot of ordinary people
Until the frackers in the US who've borrowed a load from the banks to expand then find the price is too low to make any profit, go bust, can't repay those loans, the bad debts crystalize and the banks go bust (again)...
Not an entirely unlikely scenario at $40...
Not an entirely unlikely scenario at $40...
Fracking costs have been plummeting over the last few years as they get the hang of it. The expected collapse of US fracking, which is what Saudi Arabia was hoping for, hasn't happened and production is pretty stable.
QE doesn't help bankers or the wealthy make money. QE was introduced as banks have less ability to lend money these days so the government is stepping into the market to provide loans / liquidity. QE has made it more difficult for the wealthy to make money.
QE increases the value of assets which tend to be owned by wealthier people. QE may also increase economic activity which benefits those at the bottom of the pile through infrastructure projects generating work etc however often the latter lags the former. QE tends to exacerbate inequality.
What a load of poo this system is.
QE doesn't help bankers or the wealthy make money. QE was introduced as banks have less ability to lend money these days so the government is stepping into the market to provide loans / liquidity. QE has made it more difficult for the wealthy to make money.
If I recall correctly you work in finance? Maybe time to chuck in and start a new career as a driving instructor............
If I recall correctly you work in finance? Maybe time to chuck in and start a new career as a driving instructor............
With those blinkers on?