Apocalypse now

[The_Equalizer]

I am looking forward to the further renaissance in rail travel.

[DimPrawn]

I am looking forward to the further renaissance in rail travel.

Rail fare rise wipes out benefits of commuting - Telegraph

[TimCaprica]

Part of my hedge are shares in oil exploration/producers. Ironically most have been hammered.

That's really not a good hedge. In 2008 oil prices went to $35 a barrel (or thereabouts). As soon as oil goes below a certain level $65?? oil exploration becomes a waste of time as they are typically exploring really expensive places to dig.

But I thought buying shares in GAME would be a good idea so I know nothing.

Newsnight seem determined to terrify everyone. It's been nothing but doom for two weeks and last night they were talking about politicians being too negative?! Probably all totally justified doom though.

And another thing .... Brian Eno was on Newsnight last night. He's amazing.

@TimCaprica

[Peoplesoft bloke]

Same with petrol prices. Every time it goes up 10p a litre, I with joy. Less peasants clogging up the roads for us gas guzzling SUV drivers.

Fewer

[DimPrawn]

Fewer

fewer of it you cheeky get.

[TimberWolf]

Mervyn King is getting in some doomsaying too:

This is the most serious financial crisis we've seen, at least since the 1930s, if not ever.
Debt crisis: live - Telegraph

Almost irresistible isn't it.

Looking forward to tonight's Doomsnight, but yesterday's will take some beating.

[The_Equalizer]

That's really not a good hedge. In 2008 oil prices went to $35 a barrel (or thereabouts). As soon as oil goes below a certain level $65?? oil exploration becomes a waste of time as they are typically exploring really expensive places to dig.

But I thought buying shares in GAME would be a good idea so I know nothing.

Newsnight seem determined to terrify everyone. It's been nothing but doom for two weeks and last night they were talking about politicians being too negative?! Probably all totally justified doom though.

And another thing .... Brian Eno was on Newsnight last night. He's amazing.

@TimCaprica

The Saudi's need $84/barrel to keep their social welfare system going. Demand is outstripping supply and we now have China and India to feed.

[DimPrawn]

The Saudi's need $84/barrel to keep their social welfare system going. Demand is outstripping supply and we now have China and India to feed.

But if the West is poverty stricken with debt, who is going to buy all the useless crap from China and piss poor services from India?

Are Indians going to run China's IT systems and the Indians going to fill their homes with Chinese mass produced crap?

[The_Equalizer]

But if the West is poverty stricken with debt, who is going to buy all the useless crap from China and piss poor services from India?

Are Indians going to run China's IT systems and the Indians going to fill their homes with Chinese mass produced crap?

Quite possibly.

[The_Equalizer]

But if the West is poverty stricken with debt, who is going to buy all the useless crap from China and piss poor services from India?

Are Indians going to run China's IT systems and the Indians going to fill their homes with Chinese mass produced crap?

Oh and you still need to fill your estate agent motor.