Originally posted by King Cnvt
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Sell! Sell! Sell!
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“The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain” -
Think this article kind of shows how the current US troubles can knock on to UK institutions:
http://www.bbc.co.uk/blogs/thereport...ars_loans.htmlmy ferret is your ferretComment
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Originally posted by shaunbhoy View PostWhat "losses"? The only way they will incur significant losses is by forcing a crash by raising rates too high, and at that point they will find themselves with a huge glut of repossessions that they are stuck with because nobody can afford to buy nor will even want to buy as their value will be plummeting. That makes no sense at all. Try again please, this time with brain engaged.
They do say too much intelligence is a curse though. If that is true, you are truly blessed.
Hard Brexit now!
#prayfornodealComment
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Originally posted by sasguru View PostThey do say too much intelligence is a curse though.
“The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain”Comment
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Originally posted by shaunbhoy View PostWhat "losses"? The only way they will incur significant losses is by forcing a crash by raising rates too high, and at that point they will find themselves with a huge glut of repossessions that they are stuck with because nobody can afford to buy nor will even want to buy as their value will be plummeting. That makes no sense at all. Try again please, this time with brain engaged.
Sometimes posting on here is about as useful as teaching quadratic equations to Chimps....Comment
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Originally posted by King Cnvt View PostWTF?
Sometimes posting on here is about as useful as teaching quadratic equations to Chimps....Hard Brexit now!
#prayfornodealComment
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"6) Property is most definately over as a good investment."
For a couple or so years maybe, not forever. Once nearly everyone is saying its a terrible investment it will be time to start buying again.
Whatever happens in the next 2 or 3 years I reckon by 2012 house prices will be higher than they are now, certainly anywhere near London.
The USA has simply vast amounts of land to build on, we are far more densely populated, so I don't think the UK property market will be hit as hard as them.
The US - China/India - commodities relationship is tricky, if China is that dependent on US demand then miners/natural resoruces will also be hit if there is a fully blown US recession.
But its hugely arrogant to think the Chinese and Indians sole purpose is to serve the US forever. As China and India develop an affluent middle class of their own as consumers, they will become more self-sustainable and less reliant on the USA. The downside of this will be inflation, as the Chinese and Indian workers demand higher pay.
Funds like JP Morgan Natural Resources (now adding uranium miners) have taken a hammering since June, although going forward it might be worth a punt. Peak oil means the oil co's should be a safe bet.
A corn/crop-based fund should be a winner, ever more mouths to feed and I read to fully replace oil with bio-fuel you'd need to use over 100% of the world's current food growing arable land just for fuel.Comment
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Originally posted by GreenerGrass View Post"6) Property is most definately over as a good investment."
For a couple or so years maybe, not forever. Once nearly everyone is saying its a terrible investment it will be time to start buying again.
Whatever happens in the next 2 or 3 years I reckon by 2012 house prices will be higher than they are now, certainly anywhere near London.
The USA has simply vast amounts of land to build on, we are far more densely populated, so I don't think the UK property market will be hit as hard as them.
The US - China/India - commodities relationship is tricky, if China is that dependent on US demand then miners/natural resoruces will also be hit if there is a fully blown US recession.
But its hugely arrogant to think the Chinese and Indians sole purpose is to serve the US forever. As China and India develop an affluent middle class of their own as consumers, they will become more self-sustainable and less reliant on the USA. The downside of this will be inflation, as the Chinese and Indian workers demand higher pay.
Funds like JP Morgan Natural Resources (now adding uranium miners) have taken a hammering since June, although going forward it might be worth a punt. Peak oil means the oil co's should be a safe bet.
A corn/crop-based fund should be a winner, ever more mouths to feed and I read to fully replace oil with bio-fuel you'd need to use over 100% of the world's current food growing arable land just for fuel.
Good analysisHard Brexit now!
#prayfornodealComment
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Originally posted by BlasterBates View PostWhat makes it different this time is the tightening of credit. Something we haven't seen before. If UK lenders haven't been loosening credit, then it will not affect it, and the housing market will continue.
The banks seek to reduce their exposure so start going through everyone's borrowings. If you have a working overdraft necessary for your business, the banks will put a lot of pressure on you to reduce it. At this point you lob a load of money at the bank (if you can afford to), and the taxman deems that money as income. Whoopee! You get to pay tax on that.
Or maybe you sign your house or other assets over to the bank to give them more collateral. At the slightest drop in house or commercial property prices, the bank will start saying that you haven't got enough collateral.
And so it goes.
Now for IT contractors, many should be in a position of not running a constant overdraft, but what happens when the corporate HQ puts a blanket ban on hiring outside companies?Behold the warranty -- the bold print giveth and the fine print taketh away.Comment
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So long as Kirsty Allsop is taken off the screens, I think most people would be in favour of a real estate correction (crash)
Correction is pretty much a done deal now. I just hope the contract market can hold up for the next 3 years (my game plan) before the next downturn.Comment
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