Growing Evidence That The Upturn Is Upon Us
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But mine is a long term investment, in 15 years time it will be worth at least double what it was worth this time LAST year, even after inflation.
Best study those charts that the FT posted a few days ago:
FT Alphaville » Blog Archive » UK house prices: A graph retrospective
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Reverting to house prices rather than the wider economy, this is an interesting articles on the many issues with the market over the past few years. Focus on SE London, and the problems with the developments East of Woolwich, which is the last town in Zone 4 with any decent connection to London - after this, it is wasteland.
FT.com / Arts & weekend / Magazine - Requiem for a dream home
I'll post the full article if anyone is having trouble reading it.
FT.com / Arts & weekend / Magazine - Requiem for a dream home
I'll post the full article if anyone is having trouble reading it.
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Re-Heat.
Interesting article, a story that has been repeated in most towns and cities. Near the end of the article from a housing association:
“Housing associations don’t actually want much of this stuff because it is substandard in terms of build-quality and size,” he says. “The flats are too small, they were badly thrown together and they are too far from proper transport hubs. These are, I am sorry to say, the ghettos of the future.”
It was doomed right from the beginning. I've seen a few examples built by Barratt and Persimmon, and I do wonder how much of a bung the planners got, not to mention the governments 'build, doesnt matter how, just build' policy.
Interesting article, a story that has been repeated in most towns and cities. Near the end of the article from a housing association:
“Housing associations don’t actually want much of this stuff because it is substandard in terms of build-quality and size,” he says. “The flats are too small, they were badly thrown together and they are too far from proper transport hubs. These are, I am sorry to say, the ghettos of the future.”
It was doomed right from the beginning. I've seen a few examples built by Barratt and Persimmon, and I do wonder how much of a bung the planners got, not to mention the governments 'build, doesnt matter how, just build' policy.
oil is a sideshow
This morning we have seen oil at $90 but BA's shareprice below £1.50
If you are not afraid you don't understand the situation.
WWW
This morning we have seen oil at $90 but BA's shareprice below £1.50
If you are not afraid you don't understand the situation.
WWW
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What a crap weekend, Banks can't even wait for a Monday morning to go down the pan, but that is not the main worry any more. We have seen the Icelandic get into serious trouble, inflation and interest rates at 14 - 15% and its currency almost worthless. And here's why it screws us up.
Euler Hermes, one of the UK's biggest credit insurers, has withdrawn cover for suppliers to a number of retailers run by Baugur, which owns high-street fashion chains including Hamleys, Karen Millen, and House of Fraser, after the financial crisis in Iceland.
On its own, manageable, but other economies, including ourselves are not that far behind Iceland. The Irish Government now guarantees all savings 100%. How? I doubt that the Irish economy is big enough to cover that guarantee, even if only a fraction of it is called upon, so the guarantee is not credible. But it does cause further instability in the international retail deposit market. Good for Ireland? NO. It shows they are panicking and making unrealistic promises. Germany? what the hell they are doing know one knows, yet. But it does look like a substantial guarantee will emerge as well. Is this good, NO. It will force the UK and other countries to make less than credible guarantees just to save the retail deposit market.
None of this is good because governments have gone into headless chicken mode, all operating independently to save their own economies and monetary systems in a global market place. I would have to dig into the history books to confirm this, but I would expect to find that this is exactly what happened during the great depression. Individual governments acted independently in a protectionist way, which ultimately made things worse.
The crisis has now spread from the banking system, to the currency system. The words 'I promise to pay.....' written on a bank note, less people trust that promise today than they did last week. Proven by the activity of the mints. They can't hammer out gold fast enough. The smart guys don't want currency any more.
The LSE is down 5% before my first cuppa
Euler Hermes, one of the UK's biggest credit insurers, has withdrawn cover for suppliers to a number of retailers run by Baugur, which owns high-street fashion chains including Hamleys, Karen Millen, and House of Fraser, after the financial crisis in Iceland.
On its own, manageable, but other economies, including ourselves are not that far behind Iceland. The Irish Government now guarantees all savings 100%. How? I doubt that the Irish economy is big enough to cover that guarantee, even if only a fraction of it is called upon, so the guarantee is not credible. But it does cause further instability in the international retail deposit market. Good for Ireland? NO. It shows they are panicking and making unrealistic promises. Germany? what the hell they are doing know one knows, yet. But it does look like a substantial guarantee will emerge as well. Is this good, NO. It will force the UK and other countries to make less than credible guarantees just to save the retail deposit market.
None of this is good because governments have gone into headless chicken mode, all operating independently to save their own economies and monetary systems in a global market place. I would have to dig into the history books to confirm this, but I would expect to find that this is exactly what happened during the great depression. Individual governments acted independently in a protectionist way, which ultimately made things worse.
The crisis has now spread from the banking system, to the currency system. The words 'I promise to pay.....' written on a bank note, less people trust that promise today than they did last week. Proven by the activity of the mints. They can't hammer out gold fast enough. The smart guys don't want currency any more.
The LSE is down 5% before my first cuppa
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Darling is rumoured to be considering a Swedish style (presumably flat packed) capital injection which has some economists making postitive noises. The injection will be back by preferential share options.
Afraid??
Of what exactly, that our houses will explode, our cars will stop running, our computers will all get viruses and our shops stop selling food altogether!!?? Certain banks look a bit shaky right now but could also prove good investments with share prices and valuations being low.
I'm sorry WWW but the gloomy ecomnomists blogs you've been reading may have predicted the end of the world some time back and now they are rubbing their hands gleefully because they can spout out more of the theories they've studied and developed during their pot smoking days at university. They may have predicted the house crash and the crash in the economy but then again so did some very sucsessful fund managers and they aren't wandering up and down the metaphorical streets with placard saying 'The End of the World Is Nigh'. They're keeping calm, commenting on the usefulness or otherwise of the measures which are being implemented, looking at investment oppotunities and offering sound advice rather than running round like Corpral Jones shouting (DON'T) PANIC MR MANNERING.
Capitalism is just a string or cirisis connected together with periods optimism and uncertainty, it always has been and always will be.
Afraid??
Of what exactly, that our houses will explode, our cars will stop running, our computers will all get viruses and our shops stop selling food altogether!!?? Certain banks look a bit shaky right now but could also prove good investments with share prices and valuations being low.
I'm sorry WWW but the gloomy ecomnomists blogs you've been reading may have predicted the end of the world some time back and now they are rubbing their hands gleefully because they can spout out more of the theories they've studied and developed during their pot smoking days at university. They may have predicted the house crash and the crash in the economy but then again so did some very sucsessful fund managers and they aren't wandering up and down the metaphorical streets with placard saying 'The End of the World Is Nigh'. They're keeping calm, commenting on the usefulness or otherwise of the measures which are being implemented, looking at investment oppotunities and offering sound advice rather than running round like Corpral Jones shouting (DON'T) PANIC MR MANNERING.
Capitalism is just a string or cirisis connected together with periods optimism and uncertainty, it always has been and always will be.
Last edited by ChrisLKKB; 6th Oct 2008 at 10:03.
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Originally Posted by Spinnaker
The LSE is down 5% before my first cuppa
All companies in the FTSE aren't going to fold, if you are relatively young and a long term investor with a balanced portfolio, this is just a relatively momentary low point (1/2/3 years?) and is a good oppotunity to buy....the question should be do you buy now or chance it and hope for a continued drop ????
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ChrisLKKB
FTSE -6.11%
In the great scheme of things you are correct. But which stocks to buy? Some of those high street names mentioned would be considered a safe haven, but because of the intricacy of who owns what and how, makes the whole business of owning stocks a risky business beyond the norm, if you see what I mean.
Again you're correct, houses wont explode etc. and I do find WWW 'be afraid' comments, shall we say, an unfortunate writing style. What I would say is that we should educate ourselves as to what is happening, and a good read up of the Great Depression would not go amiss, I can see similarities. I say educate ourselves, as economics is never taught in schools and many people out there have no basic idea how the money system works, and I feel they should. Its rather helpful at election time when they come around canvassing.
FTSE -6.11%
In the great scheme of things you are correct. But which stocks to buy? Some of those high street names mentioned would be considered a safe haven, but because of the intricacy of who owns what and how, makes the whole business of owning stocks a risky business beyond the norm, if you see what I mean.
Again you're correct, houses wont explode etc. and I do find WWW 'be afraid' comments, shall we say, an unfortunate writing style. What I would say is that we should educate ourselves as to what is happening, and a good read up of the Great Depression would not go amiss, I can see similarities. I say educate ourselves, as economics is never taught in schools and many people out there have no basic idea how the money system works, and I feel they should. Its rather helpful at election time when they come around canvassing.
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littco
Russia was almost untouched by the Great Depression because they had excluded themselves from the western markets and the capitalist sytem, AND they were already on the floor.
This time around, they have come to the party. I don't know how significant the impact is, but they are most definitely at the party. Its in our interests that they don't go down the pan, so to speak, as economic upheavals spreads into political extremism, a complication we can well do without in Russia.
Russia was almost untouched by the Great Depression because they had excluded themselves from the western markets and the capitalist sytem, AND they were already on the floor.
This time around, they have come to the party. I don't know how significant the impact is, but they are most definitely at the party. Its in our interests that they don't go down the pan, so to speak, as economic upheavals spreads into political extremism, a complication we can well do without in Russia.
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If you are not afraid of what is going on and what it may mean for your job security, quality of life etc then frankly you leave me scratching my head as to what will worry you..... perhaps a run on the supermarkets?? Much more dramatic than a run on a bank.... not quite there yet.
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One draw back with the internet is that it seems to have replaced those previously mentioned guys who walked up and down the high street with a sandwich board saying the end of the world is nigh at times of financial uncertainty, they brightened up what was otherwise a rather gloomy situation...they seem to have multiplied too 
I've just made a rather cheeky phone call to a large investment company to see if I can get anymore information of the back of this article Anthony Bolton: Why now's the time to buy - Telegraph and other similar ones to see if I can figure out where I can invest some money which was previously in premium bonds. I'm not normally a gambling person but as we keeping getting told this is the end of civilisation as we know it i'm going to give it a try.
Some of my questions were as follows, will RBS still be here in 20 years time ? Most probably yes. I am aware they do have problems but are they being excessively battered by low confidence levels ? Yes, looking back in 5 or 6 years time we'll probably be thinking that £1.60 was very cheap for RBS shares. What would your prefered banks be ? We prefer banks with more exposure to the Asian markets like HSBC. Are they undervalued? Yes.
So after reading Anthony Boltons article i'm going to put a few pence on RBS and a few more on HSBC on the basis that I wont gamble anymore that i'm prepared to loose, besides in 5 years time they aren't going to do any worse that my premium bonds
.....now what about the mining sector ?
I've just made a rather cheeky phone call to a large investment company to see if I can get anymore information of the back of this article Anthony Bolton: Why now's the time to buy - Telegraph and other similar ones to see if I can figure out where I can invest some money which was previously in premium bonds. I'm not normally a gambling person but as we keeping getting told this is the end of civilisation as we know it i'm going to give it a try.
Some of my questions were as follows, will RBS still be here in 20 years time ? Most probably yes. I am aware they do have problems but are they being excessively battered by low confidence levels ? Yes, looking back in 5 or 6 years time we'll probably be thinking that £1.60 was very cheap for RBS shares. What would your prefered banks be ? We prefer banks with more exposure to the Asian markets like HSBC. Are they undervalued? Yes.
So after reading Anthony Boltons article i'm going to put a few pence on RBS and a few more on HSBC on the basis that I wont gamble anymore that i'm prepared to loose, besides in 5 years time they aren't going to do any worse that my premium bonds
.....now what about the mining sector ?
Last edited by ChrisLKKB; 6th Oct 2008 at 11:14.
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GSB. Short term i'm not worried about my quality of life because for a few years I can put up with a bit of hardship knowing that in the long term i'll be back to where I once was, riding the crest of a slump 
I could do with loosing a few lbs anyway, and what is hardship these days? Going back to how we lived in the 70's. Eating cheap cuts of meat, making meals with yesterdays leftovers, minimal of variety in the shops, the odd power cut, catching the bus, mending your old clothes (which will probably be a little bit baggy by now), no Sky TV, thinking and saving hard for any purchases ? We got through the 70's, we even got through the Great Depression, we'll do it again and we'll probably screw it all up again. This time though some of us will be a little wiser.
This current situation has put a bit of a dent in my plans but that's life.
btw if we do go back to the 70's at least the music will be better but we wont have to put up with crap beer
I could do with loosing a few lbs anyway, and what is hardship these days? Going back to how we lived in the 70's. Eating cheap cuts of meat, making meals with yesterdays leftovers, minimal of variety in the shops, the odd power cut, catching the bus, mending your old clothes (which will probably be a little bit baggy by now), no Sky TV, thinking and saving hard for any purchases ? We got through the 70's, we even got through the Great Depression, we'll do it again and we'll probably screw it all up again. This time though some of us will be a little wiser.This current situation has put a bit of a dent in my plans but that's life.
btw if we do go back to the 70's at least the music will be better but we wont have to put up with crap beer
Last edited by ChrisLKKB; 6th Oct 2008 at 11:24.
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GSB.
Your wrong, don't be afraid, plan and act. Those that do that will come out the other end in better shape. Make no mistake, I feel this crisis will turn into the Great Depression MkII. But sitting there being 'afraid' will help no one. Doing something to prepare, plan and act, even at this late stage, is better than doing nothing, other than being afraid.
Your wrong, don't be afraid, plan and act. Those that do that will come out the other end in better shape. Make no mistake, I feel this crisis will turn into the Great Depression MkII. But sitting there being 'afraid' will help no one. Doing something to prepare, plan and act, even at this late stage, is better than doing nothing, other than being afraid.
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If you are not afraid of what is going on and what it may mean for your job security, quality of life etc then frankly you leave me scratching my head as to what will worry you.....
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Originally Posted by ChrisLKKB
Just a thought but aren't we all here because our ultimate goal is to leave our current jobs and get into aviation in one way or another ?
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Off topic 
Where can a complete financial amateur like me buy some stocks? I have to admit that I don't even know where to begin. I wont bother googling as it'll provide countless links, and I have no idea which ones are legit. I've got a load of savings that was going to pay for my license, but I might spend some of it on the markets and try to make some money...
Where can a complete financial amateur like me buy some stocks? I have to admit that I don't even know where to begin. I wont bother googling as it'll provide countless links, and I have no idea which ones are legit. I've got a load of savings that was going to pay for my license, but I might spend some of it on the markets and try to make some money...
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If you want to actually hold them, do an online investment through someone such as Hargreaves Lansdown or Barclays Stockbrokers - remember that you have a £7,200 tax free ISA allowance available through which you can purchase, avoiding all capital gains tax on those stocks.
If you want to speculate but not hold - spread betters are for you - but you can lose more than you invest through those instruments...
If you want to speculate but not hold - spread betters are for you - but you can lose more than you invest through those instruments...