Doom in the "real" economy

[BrilloPad]

Warren Buffett?

I bet HAB would oblige too....

[sasguru]

It's time for you to f**k off back to your collective farm.

Seriously.

Indeed. I though prospective British Citizens were supposed to understand the philosophy of the country they chose to live in and abide by it.
Instead this new Labour shower have imported a bunch of terrorists, criminals and communists.

[AtW]

And if the price had gone up - what guilt would they feel towards SG?

No guilt unless such sale adversely affected sas like him going bankrupt.

Do you understand we are not talking about small things here? It's not buying a second hand car that breaks down later and maybe written off, those people who bought on the peak are likely to have screwed lifes for 15-20 years, if they are family they are likely to get divorced, children will be without father or mother, that's the consequence of sasguru's actions. Second car salesmen are the honourable gentlemen compared to that.

[sasguru]

sas is responsible on 2 levels - first by being involved in the City and second by his direct action on selling on the top knowing full well prices will fall. Since he sold on the peak is it most likely that some of his buyers will go bankrupt or get stuck with huge negative equity in arse end of hackney for a very long time.

I don't expect him to feel guilty though - one needs to have conscience for that .

You need help. Seriously.

[AtW]

Instead this new Labour shower have imported a bunch of terrorists, criminals and communists.

Says someone who was not born in this country and came to live here just like me.

[BrilloPad]

sas is responsible on 2 levels - first by being involved in the City and second by his direct action on selling on the top knowing full well prices will fall. Since he sold on the peak is it most likely that some of his buyers will go bankrupt or get stuck with huge negative equity in arse end of hackney for a very long time.

I don't expect him to feel guilty though - one needs to have conscience for that .

How did SG know that prices would fall? It is a free market.....

Are you against EVERYONE who works in the city?

Do you blame SG for owning any propert atall?

How do you feel about Diver with his 32 BTLs?

[sasguru]

Says someone who was not born in this country and came to live here just like me.

EH?

[DiscoStu]

sas is responsible on 2 levels - first by being involved in the City and second by his direct action on selling on the top knowing full well prices will fall. Since he sold on the peak is it most likely that some of his buyers will go bankrupt or get stuck with huge negative equity in arse end of hackney for a very long time.

I don't expect him to feel guilty though - one needs to have conscience for that .

Let me explain, you're clearly struggling a little.

In the UK, we operate a capitalist economy. This means that people largely take responsibility for their own actions. Miraculously, this system has produced a far better standard of living that alternatives such as communism.

Please feel free if you need to ask any more questions.

[BrilloPad]

No guilt unless such sale adversely affected sas like him going bankrupt.

Do you understand we are not talking about small things here? It's not buying a second hand car that breaks down later and maybe written off, those people who bought on the peak are likely to have screwed lifes for 15-20 years, if they are family they are likely to get divorced, children will be without father or mother, that's the consequence of sasguru's actions. Second car salesmen are the honourable gentlemen compared to that.

Surely it is the labour government who encouraged reckless borrowing who are to blame? Maybe if they encouraged hard work and enterprise(like in the free market) things would have been okay?

[HairyArsedBloke]

Some of those imperfect execs will be polished in jail. Pity that UK white collar criminals will get away from responsibility yet again.

You still think that my prediction of 50% reduction in the City in the next few years is crazy? I am thinking I was rather conservative about it now.

Yeah, yeah, yeah.

I remember adolescents claiming just that after the ‘crash’ of ’87, the Asian of ’97, LTCM, ....

I've been in this game a long time.