Worst ever auction leaves German bonds unsold

[MarillionFan]

Not a bad call. I made a fortune on Barclays last time round.
Limit yourself to big German banks with some, but not too much, exposure to the PIIGS I would guess.

Normally I would top up at these levels and play the market down & up, but as I've agreed to buy a building plot I'm a little shafted on cash flow. I can't risk tying anything or dropping any more in the short term.

£100m loan anyone?

[sasguru]

I reckon there is a slow-run on Euro banks taking place, electronically, of course the banks will not let it be known as it will be the end of them.

Certainly there has been a lot of Greek, Italian and Spanish money coming into prime London property over the last few months.
Wouldn't you move it out if you were them?

[russell]

Certainly there has been a lot of Greek, Italian and Spanish money coming into prime London property over the last few months.
Wouldn't you move it out if you were them?

Yep my wife is Greek and her family live there, I have advised them many times to transfer all their money to a UK or Swiss account, but think they see it as not supporting Greece.

[sasguru]

Yep my wife is Greek .

Ah yes, you did tell us you spend a fortune on Immac

[russell]

Ah yes, you did tell us you spend a fortune on Immac

[TimberWolf]

are we there yet?

lol

[BrilloPad]

Certainly there has been a lot of Greek, Italian and Spanish money coming into prime London property over the last few months.
Wouldn't you move it out if you were them?

Its a good point about moving money out - though I am not sure London is the best place to go to. I am suprised they don't move East.

[sasguru]

Its a good point about moving money out - though I am not sure London is the best place to go to. I am suprised they don't move East.

Would you rather live in Mumbai or Shanghai? I don't think so. There is also a lot of Indian and Chinese money coming into London

[BrilloPad]

Would you rather live in Mumbai or Shanghai? I don't think so. There is also a lot of Indian and Chinese money coming into London

I would much rather live in Hong Kong or Sydney. If it was not for the kids I would already have left.