For sasguru

[DimPrawn]

http://www.telegraph.co.uk/money/mai.../15/ym5000.xml

[sasguru]

I put most of those ideas into practice years ago. Which is why I'm rolling in it now. It's time to spend, spend, spend on all those luvverly cheap assets.

[BrilloPad]

http://www.telegraph.co.uk/money/mai.../15/ym5000.xml

Did sasguru write this?

[BrilloPad]

I put most of those ideas into practice years ago. Which is why I'm rolling in it now. It's time to spend, spend, spend on all those luvverly cheap assets.

They might be cheap - but will they get cheaper?

What particular asset(s) do you recommend?

[TheBigYinJames]

Did sasguru write this?

Won't be laughing when Labour invent a new Windfall Tax on people selling BTL homes for profit

[sasguru]

They might be cheap - but will they get cheaper?

What particular asset(s) do you recommend?

They will indeed. And I don't expect to get the bottom exactly right, whether it be shares or property. However roughly right will do, and I expect we won't hit bottom for a couple of years yet - all that debt will have to be unwound causing loads of shocks to the financial system. It's a prefect economic storm.
My favourite investment had got to be property - worked last time.

[sasguru]

Won't be laughing when Labour invent a new Windfall Tax on people selling BTL homes for profit

Labour will be long gone by the time the upswing starts.

[Diver]

Sas already does 6, 7, & 9

[BrilloPad]

They will indeed. And I don't expect to get the bottom exactly right, whether it be shares or property. However roughly right will do, and I expect we won't hit bottom for a couple of years yet - all that debt will have to be unwound causing loads of shocks to the financial system. It's a prefect economic storm.
My favourite investment had got to be property - worked last time.

Doesn't alot depend on oil prices? Well energy prices in general? Nationwide are lowering some interest rates - so its not all doom?

[sasguru]

Doesn't alot depend on oil prices? Well energy prices in general? Nationwide are lowering some interest rates - so its not all doom?

Oil prices are just one side of the doom.
The main problem as I see it is debt caused by poor lending practices. Currently we are seeing a credit crunch caused by poor lending on mortgages in the US. This debt was sold on to the world banks who have suffered as a result and withdrawn credit. This has led to a destruction in the housing market and hence confidence. This in turn will lead to a contraction in spending, which will lead to companies going bust/and or poor results, which will lead to rising employment. That will lead to the fallout from people defaulting on their massive credit card debt and a second round of pain in the financial industry. (Credit card debt is sold on just like mortgage debt). All the while the housing market will be falling like a stone. The whole pack of cards is collapsing.
Oil prices and hence higher costs for everything are just accelerating the process.