It's bad, it's really bad 2

[Ayahuasca]

Here we go again!

except this time we have no money left...

[XJ40]

[off_again]

What is?

[off_again]

Ooops. Better luck next time?

[XJ40]

"Great Depression Mark II"?
http://www.telegraph.co.uk/finance/markets/7746884...

[Fittster]

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

[anonymous-user]

Oh FFS go & live on the Moon.

[Digga]

From the arseticle:

Andrew Roberts big massive head of European rates strategy at RBS said:

"Great Depression II" could now be approaching. It now has potential to speed toward its conclusion; a European $1trn package which does little and political panic tells you we are about to reach the end of the road. The world should be discussing deflation, not inflation.

Does this mean that, perhaps, Merv King is right leaving BR low and that it may have to stay there - Japan Stylee - for some time yet?

[hornetrider]

FFS. Hell > handcart.

[XJ40]

Dave_ST220 said:

Oh FFS go & live on the Moon.

Subprime.

[NoelWatson]

Dave_ST220 said:

Oh FFS go & live on the Moon.

Oh Christ it was only a matter of time until Auric arrived.........

[DonkeyApple]

Digga said:

From the arseticle:

Andrew Roberts big massive head of European rates strategy at RBS said:

"Great Depression II" could now be approaching. It now has potential to speed toward its conclusion; a European $1trn package which does little and political panic tells you we are about to reach the end of the road. The world should be discussing deflation, not inflation.

Does this mean that, perhaps, Merv King is right leaving BR low and that it may have to stay there - Japan Stylee - for some time yet?

I was out on the lash last night and the general consensus was that rates were going to be staying low for longer than we think.

The reasoning was:

People still have not unwound sufficient levels of personal debt to be able to cope.

Banks are able to levy fat margins to re-charge their balance sheets and properly stabilize.

Finally, the right cuts by Govt will abate inflationary pressures.

[Snoggledog]

XJ40 said:

"Great Depression Mark II"?
http://www.telegraph.co.uk/finance/markets/7746884...

Oh dear. That's not too encouraging.

[172ff]

http://www.dailymail.co.uk/home/index.html

Quick link for anyone wanting to link some horror stories.

[anonymous-user]

anonymous said:

[redacted]

Are you two gay or something? Where ever one is the other will be sure to follow 5 minutes later....

The poofter side show that is know-all(nothing) Noel & his property expert "bh" Tonker.

[NoelWatson]

anonymous said:

[redacted]

Yes dear.

[Trommel]

musclecarmad said:

I'll pounce on the FTSE when it gets into the 3's !

Likewise, but I'm not holding my breath.

[Wanta996Gotta]

Trommel said:

musclecarmad said:

I'll pounce on the FTSE when it gets into the 3's !

Likewise, but I'm not holding my breath.

I take it you dived in when they are into the 3's just a few months ago? Into the 2's then you may have a point.

[Digga]

DonkeyApple said:

Digga said:

Does this mean that, perhaps, Merv King is right leaving BR low and that it may have to stay there - Japan Stylee - for some time yet?

I was out on the lash last night and the general consensus was that rates were going to be staying low for longer than we think.

Currently looking at fix options on an industrial morgage: A lot says rates can't shift and simply rolling a 3 month Libor-based rate might be best, but then there's the outside chance of 'disaster' - IMF intervention, or the attack of teh bond markets - which might force the B of E into a reluctant hike.

I'm going to mull it over the weekend. A few headfirst spills off the mountain bike can occasionally dislodge a decent idea.

[Wanta996Gotta]

musclecarmad said:

Wanta996Gotta said:

Trommel said:

musclecarmad said:

I'll pounce on the FTSE when it gets into the 3's !

Likewise, but I'm not holding my breath.

I take it you dived in when they are into the 3's just a few months ago? Into the 2's then you may have a point.

in in the early 4's and out at the late 4's!
i'm in nothing at the mo

I think it was March last year that it was in the 3's?? Not sure of anyone that dived in to be honest even though it was so tempting.

Edited by Wanta996Gotta on Friday 21st May 12:35