I fancy a pint

[ferret]

7.33% drop according to the NL mouthpiece:
http://newsvote.bbc.co.uk/1/shared/f.../2/default.stm

Got in about 3pm after a meeting and beeb were reporting:
"Shares rally after intervention"

Did some work, had tea, put the kiddies to bed and the story title had turned into:
"US stocks slide to five-year low"

http://news.bbc.co.uk/1/hi/business/7660568.stm

Shameless the way they try and cover these things up.

[TheFaQQer]

Ah, it's only money.

(Evening, Mr. Ferret, sir )

[ferret]

Ah, it's only money.

(Evening, Mr. Ferret, sir )

Not my money thank god! Had a fright last week with too much money in Icesave, caught a whiff of the trouble last Friday and withdrew pretty much all of it by CHAPS so got lucky! No money seems to be safe at the moment whether you have it in bricks and mortar, shares or cash. Shocking how the whole thing has imploded. Kicking myself for not buying gold at $740 a few weeks ago as I had told myself I would buy at that level

So lovely to see you back FaQQer, really missed you on here

[TheFaQQer]

A friend of mine has just sold his house and is renting while the market bombs. He's a little worried, to say the least, about having his cash in the bank at the moment and is hoping that they last until the weekend so that he can split the cash between a few places....

[ferret]

That is what I did in November last year... I swear it has been more stressful moving it about, opening accounts and trying to keep an eye out for who could bomb next than it would have been to have the house price drop by 13% so far. I really think we will start to see bigger falls in house prices from the start of next year, especially with the share prices falling like this. All the fake credit that was built up over the last decade seems to be being sucked out of the system at a vast rate of knots, can't see how house prices can do anything but tank.

[DiscoStu]

I wussed out yesterday and applied for a National Savings account with a crappy interest rate. At least it'll save me the hassle of applying for compensation if another bank goes under...

[HairyArsedBloke]

what exactly do you do HAB? apart from eat pot noodle in an obviously neanderthal way...

I have to be a bit cagey on that, sorry. I am the owner/manager and it’s something to do with the financial sector.

[thunderlizard]

I don't know about Dow Jones, but FTSE 100 only needs a 3000 point rise to prove these brokers right:

http://www.independent.co.uk/news/bu...08-767067.html

[Stan.goodvibes]

Just off to the pub for lunch so I'll have a pint for you...of course over here they are not full pints for some strange reason, but hey, swings and roundabouts - the pints here are smaller but my funds are safe in my govt backed and non-exposed Australasian bank.

If you can get your funds offshore things are going OK in the Pacific zone *and* our interest rates are still around 7% for deposits.

I know! send all your money to me, and...

[TheFaQQer]

I wussed out yesterday and applied for a National Savings account with a crappy interest rate. At least it'll save me the hassle of applying for compensation if another bank goes under...

It's a shame that Northern Rock aren't allowed to take more deposits - that was looking good for a while for up to £250k instant access.

Not that I have ANY form of savings anywhere, which is why I'm not that fussy about it.