Originally posted by scooterscot
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We needs a chart! Wiv crayons! Big fat ones!Old Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last. -
Don't worry, you can pick up some bargains as well. I won't take them all.Originally posted by Zigenare View PostDown with racism. Long live miscegenation!Comment
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Reading about the Thomas Cool collapse and the number of employees now looking for work got me thinking. UK unemployment levels are at a record low. So what would cause them to rocket up?
In a word... or two... corporate debt. Thomas cook binged on cheap debt to the tune of $1.56 billion. What was surprising.... was such an old company would fall for binging on cheap debt, what were they thinking? They did not need it.
Thomas cook are not alone either. Was expecting new up and coming companies to be loaded with debt, but actually it's household names up and down the country. They've exposed themselves to the point it'll only take a fart in the wind to knock them over.
Whatever causes these other businesses to collapse one think is clear, more people will be on the market looking for work at a time when the country needs strong tax revenues to pay for the tory nostalgia trip. The scary part would seem to be the rate at which people will come onto the market. Just look at Thomas Cook, 48 hours. Almost less time than it takes an inbound WMD from Iraq."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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S&P 500 is almost 3% higher from this time last year, woooooo. Bitcoin 52% during the same time,
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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In October, overnight and short term repo operations together resulted in a daily average of around $190 billion...
Of course stock markets are going to pump. Nothing to see here. As you were."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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And there are some getting quite rich on it....Originally posted by scooterscot View PostIn October, overnight and short term repo operations together resulted in a daily average of around $190 billion...
Of course stock markets are going to pump. Nothing to see here. As you were.
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Barstewards"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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There will be a correction very soon.
Take cover in the next few days.Comment
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