Originally posted by BlasterBates
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stock market crash
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"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain -
Originally posted by scooterscot View PostMy 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.Comment
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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 NewsComment
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Originally posted by DimPrawn View PostI 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
The markets are way ahead of the real economy, I agree. But they have been for years now...Comment
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Originally posted by jamesbrown View PostAlso, 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...Comment
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Originally posted by ladymuck View PostWow 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.
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Originally posted by Hobosapien View PostI expect the current mantra of "stay at home, protect the NHS, save lives" will become "spend, spend, spend" though not so blatantly.
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.Comment
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Originally posted by ladymuck View PostWow 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.
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.Comment
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Originally posted by BlasterBates View PostWhat is the alternative to stocks?
The money has to go somewhere, and even though dividends have been cut, there are still dividends.
I am what I drink, and I'm a bitter manComment
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Originally posted by Whorty View PostI've made more this month in my stocks and shares ISAs than I've earned working. What's not to like?Comment
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