Is the end nigh for the Euro? [vol. 3]

Is the end nigh for the Euro? [vol. 3]

Author
Discussion

DJRC

23,563 posts

236 months

Thursday 16th October 2014
quotequote all
The more oil drops the better.

turbobloke

103,948 posts

260 months

Thursday 16th October 2014
quotequote all
Andy Zarse said:
turbobloke said:
Digga said:
Andy Zarse said:
Digga said:
Mermaid said:
Germany not so healthy - will need to get those Heidelberg machines running.
Which set of plates to use, EUR or DM?
They're the same except the EUR ones came half price from the reject shop. They have a hole in the middle...
I guess they could leave them blank and let the users fill in the denomination at will. After all, they're only IOUs, right?
"I promise to pay the bearer of this note at least twenty cents on the euro"
<phonejacker>Ahhhh good day my friend. My name is George Agdgdgwngo-opolopolis of the ahhh European Central Bankings in ahhh Athens. We have ahhh discovered a pidgeon in the bank vaults and he has eaten your monies..."</phonejacker>

andygo

6,803 posts

255 months

Thursday 16th October 2014
quotequote all
I thought the Arabic cartel was moving to produce less oil, so pushing the price back up? Not that the Yanks are too bothered, they grow loads of there own now.

Mermaid

21,492 posts

171 months

Thursday 16th October 2014
quotequote all
andygo said:
I thought the Arabic cartel was moving to produce less oil, so pushing the price back up? Not that the Yanks are too bothered, they grow loads of there own now.
Hopefully now the US will start getting feisty with those nice (not) Saudi folk.

wc98

10,391 posts

140 months

Thursday 16th October 2014
quotequote all
Mermaid said:
Hopefully now the US will start getting feisty with those nice (not) Saudi folk.
and not before time.

RDMcG

19,142 posts

207 months

Thursday 16th October 2014
quotequote all
andygo said:
I thought the Arabic cartel was moving to produce less oil, so pushing the price back up? Not that the Yanks are too bothered, they grow loads of there own now.
True, but the conundrum for the cartel is that US shale production is surprisingly efficient from a cost point of view, so that the outcome of paring production might be to further push the US into domestic production….

Art0ir

9,401 posts

170 months

Mermaid

21,492 posts

171 months

Thursday 16th October 2014
quotequote all
Art0ir said:
Thanks for that.


Deflation, Ebola, IS

All three come along together - print more money and throw it at all 3.

DJRC

23,563 posts

236 months

Thursday 16th October 2014
quotequote all
Fire and forget Woodford. Wondered when the sages on here would start quoting someone useful and not the usual links.

Andy Zarse

10,868 posts

247 months

Thursday 16th October 2014
quotequote all
DJRC said:
Fire and forget Woodford. Wondered when the sages on here would start quoting someone useful and not the usual links.
According to Zerohedge....

getmecoat

Art0ir

9,401 posts

170 months

carspath

834 posts

177 months

Thursday 16th October 2014
quotequote all
I have followed this thread through 3 volumes, and (as a complete novice) am surprised that no one has brought up the single question , that will be most relevant, and of most interest to the average reader :

if you had an amount of liquid cash in sterling , what would be the safest way to secure its capital value (and as a secondary issue , try and get an income from it that at least matches inflation )in these very volatile times?

?gold--can you even buy physical gold in the uk
?shares--- how do you identify when the REAL upturn in prices begins
?property---aren't prices bound to be hit by the current poor sentiment
?bonds---with the very low current rates of return

I would be genuinely interested in people's views and opinions on this very real world question(s)


DJRC

23,563 posts

236 months

Thursday 16th October 2014
quotequote all
Andy Zarse said:
DJRC said:
Fire and forget Woodford. Wondered when the sages on here would start quoting someone useful and not the usual links.
According to Zerohedge....

getmecoat
Come again Andy?
Wasn't the link to Neil Woodford ?

smegmore

3,091 posts

176 months

Thursday 16th October 2014
quotequote all
wc98 said:
Mermaid said:
Hopefully now the US will start getting feisty with those nice (not) Saudi folk.
and not before time.
That will never happen.

The House of Saud has too much influence in Washington, and more importantly, on Wall Street.

Andy Zarse

10,868 posts

247 months

Thursday 16th October 2014
quotequote all
DJRC said:
Come again Andy?
Wasn't the link to Neil Woodford ?
Sorry chap, just a reference to your remark about the usual sources... I have much time for Woodford. To be fair I try not to read ZH if I can help it.

DJRC

23,563 posts

236 months

Friday 17th October 2014
quotequote all
Doh, my bad.
Apologies I had just finished putting together some work for a meeting this morning and my head was in serious mode not frivolous frown

Andy Zarse

10,868 posts

247 months

Friday 17th October 2014
quotequote all
DJRC said:
Doh, my bad.
Apologies I had just finished putting together some work for a meeting this morning and my head was in serious mode not frivolous frown
No worries, my head had some evening whisky in it smile

Art0ir

9,401 posts

170 months

Monday 20th October 2014
quotequote all
Barroso says everything's fine, looks like we got it wrong.

Barroso, no EU economic recession.

turbobloke

103,948 posts

260 months

Monday 20th October 2014
quotequote all
Art0ir said:
Barroso says everything's fine, looks like we got it wrong.

Barroso, no EU economic recession.
Awesome, an Equity Card beckons as does recession, deflation and increasing debt.

http://www.americanthinker.com/blog/2014/10/eus_tr...

However as the fiddlers can change the music it may well turn out to be a boom period.

Gargamel

14,987 posts

261 months

Monday 20th October 2014
quotequote all
carspath said:
I have followed this thread through 3 volumes, and (as a complete novice) am surprised that no one has brought up the single question , that will be most relevant, and of most interest to the average reader :

if you had an amount of liquid cash in sterling , what would be the safest way to secure its capital value (and as a secondary issue , try and get an income from it that at least matches inflation )in these very volatile times?

?gold--can you even buy physical gold in the uk
?shares--- how do you identify when the REAL upturn in prices begins
?property---aren't prices bound to be hit by the current poor sentiment
?bonds---with the very low current rates of return

I would be genuinely interested in people's views and opinions on this very real world question(s)
Well you wrote the word "safest" - and of course in any investment advice, your attitude to risk is absolutely critical. As perhaps is your age and the time frame of your investment.

Obviously many investments rely on a rising tide of pricing, shares for certain, unless you are big sufficiently large amounts that finding regular dividends is going to provide your income.

Property can provide both income and capital security, in the UK prices may fluctuate, buy a decent diverse portfolio I would think is still a good place to be.

I wouldn't touch gold with a barge pole, it has an emotional investment layer that I don't understand, and I suspect many investors find it quite hard to part with "their" gold, even when logic says it is time to get out of the market. Gold is like roulette, in the end you will lose, but getting in and out at the right times is the key.

Shares, long term bets on blue chips, Rolls, Glaxo, Apple and some cyclical plays on construction etc can work, but can be capital destructive if you get it wrong.

Currently if you want "safe" then bonds are a strong choice, but the income from them is poor. Although stick around, in a couple of months France and Italy will be buying them at 8% coupon rates smile

In the end - a fully mixed portfolio is the best defence against risk. Having 15 or so different pots of money spread into a mix of risk profiles, geographies and investment types is the only long term strategy that really diversifies your risks.