Reply to: Apocalypse now

[The_Equalizer]

Has it turned into Doom statement Top Trumps:

Mervyn King - "the most serious we've ever seen,"

[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.

[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.

[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]

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.

[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.

[DimPrawn]

Fewer

fewer of it you cheeky get.

[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

[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

[DimPrawn]

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

Rail fare rise wipes out benefits of commuting - Telegraph

[The_Equalizer]

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

[TimberWolf]

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.

Apparently car usage has already peaked in many countries:

Peak car - Wikipedia, the free encyclopedia

...are dropping in at least eight major developed countries including the UK, Australia, America and Japan. Similar to peak oil, peak car theory holds that travel usage per capita reaches a peak and then declines over time. Japan peaked in the 1990s and the Western countries peaked in 2004.

[Zoiderman]

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.

One of the funniest things I remember seeing when they introduced the congestion charge in london was a rich man suggesting it was brilliant; for £5 (at the time) they could all drive their bentleys and porsches around the streets of london with no oiks to block the roads...

[DimPrawn]

On the BBC news last night interviewing a mother of 4 in Tescos ranting at the price of food.

The size of her! She needed her own postcode.

Increased food prices are a good thing IMO for the sake of the health of the nation. Whilst working in Norway food yes was pricey but did I see obesity? Not an excess lb in sight.

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.

[scooterscot]

Food is still remarkably cheap in the UK IMO, and supermarkets doing well (also IMO). People need food in recessions too.

On the BBC news last night interviewing a mother of 4 in Tescos ranting at the price of food.

The size of her! She needed her own postcode.

Increased food prices are a good thing IMO for the sake of the health of the nation. Whilst working in Norway food yes was pricey but did I see obesity? Not an excess lb in sight.