stock market crash

[scooterscot]

The other thing to bear in mind is that there may be a dose of inflation so your cash might not survive either.

My money is on a strong dose of deflation first. Supply chains have been screwed up because of this virus with Brexit torpedoing any surviving entrails by the year's end. It'll be a wonderful time for the cash rich to scope up abandoned assets.

[genius]

My money is on a strong dose of deflation first. Supply chains have been screwed up because of this virus with Brexit torpedoing any surviving entrails by the year's end. It'll be a wonderful time for the cash rich to scope up abandoned assets.

Unless you buy Centrica, of course.

[DimPrawn]

I would be very wary of this surge in stock markets, maybe some of you have made some money over the last few weeks. They seem to be on a very bullish trajectory, talk of back to normal, lockdown eased, what was all the fuss about, back to 20% gains pa etc.

HOWEVER, beyond the funny money propping it all up lies the true economy.

Coronavirus: British Airways to cut up to 12,000 jobs - BBC News
Subscribe to read | Financial Times
WTTC estimates over 100m job losses in travel - Cruise Trade News
HSBC profits slashed amid coronavirus but thousands of job cuts put on ice | Edinburgh News

[jamesbrown]

I would be very wary of this surge in stock markets, maybe some of you have made some money over the last few weeks. They seem to be on a very bullish trajectory, talk of back to normal, lockdown eased, what was all the fuss about, back to 20% gains pa etc.

HOWEVER, beyond the funny money propping it all up lies the true economy.

Coronavirus: British Airways to cut up to 12,000 jobs - BBC News
Subscribe to read | Financial Times
WTTC estimates over 100m job losses in travel - Cruise Trade News
HSBC profits slashed amid coronavirus but thousands of job cuts put on ice | Edinburgh News

Also, some evidence from Germany that the reproduction rate is approaching 1.0 since lockdown measures have been eased, which is a bad sign.

The markets are way ahead of the real economy, I agree. But they have been for years now...

[ladymuck]

Also, some evidence from Germany that the reproduction rate is approaching 1.0 since lockdown measures have been eased, which is a bad sign.

The markets are way ahead of the real economy, I agree. But they have been for years now...

Wow so in the time since Germany came out of lockdown their birth rate has plummeted? That's an achievement even the Chinese couldn't realise so quickly with their one child policy.

[BR14]

Wow so in the time since Germany came out of lockdown their birth rate has plummeted? That's an achievement even the Chinese couldn't realise so quickly with their one child policy.

give it another 8 months or so, after all that free time on their hands <and other bits>

[rogerfederer]

I expect the current mantra of "stay at home, protect the NHS, save lives" will become "spend, spend, spend" though not so blatantly.

Private debt is at an all time UK high... the notion that people are going to be able to spend their way out of anything for the next few years seems unlikely to me.

There was once talk of writing off certain types of personal debt but I'm really against that unless it's the awful types with the compound interest; reducing it to a manageable sum (original sum plus a very small interest amount) does seem fair. Remember Wonga? I'm so glad they are gone, typical US style predatory loan-shark capitalism.

[rogerfederer]

Wow so in the time since Germany came out of lockdown their birth rate has plummeted? That's an achievement even the Chinese couldn't realise so quickly with their one child policy.

The universal one child policy was repealed in China some time ago.

In the past if your parents both had no siblings you were entitled to have two children, as long as your birth Hukou wasn't Beijing/Shanghai/Guangzhou.

[Whorty]

What is the alternative to stocks?

The money has to go somewhere, and even though dividends have been cut, there are still dividends.

I've made more this month in my stocks and shares ISAs than I've earned working. What's not to like?

[Old Greg]

I've made more this month in my stocks and shares ISAs than I've earned working. What's not to like?

Being unemployed.