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More QE on the way?
Were how many years on now from the trouble in 2007/8? And the EU is still touting more QE? Meanwhile, China are throwing everything at the stock market again and the US is still making noises about possibly not carrying out the rate rise they may have possibly carried out. Can QE even fix the problem anymore?
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Perception vs Reality
An interesting series of quotes below..... Taken at face value, you'd think these people were from an inner city ghetto, over-run by immigrants. There is of course just one problem with these attitudes. The interviewed parties were not living in Boston, or Luton, or some other area with high immigration. They were living…
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US Growth
It's surged ahead of it's estimates.... Another conundrum for interest rates then. Noteworthy is that brent crude is up a staggering 10+% on the back of this. http://www.theguardian.com/business/2015/aug/27/us-economic-growth-strong-revised
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One in 65 UK adults now a millionaire
http://www.theguardian.com/uk-news/2015/aug/27/number-of-millionaires-in-uk-rises-by-200000 Good to see not so much the rich getting richer, but the rich getting more numerous. Cheers. :beer:
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Affordable Housing London-Style
http://www.theguardian.com/money/2015/aug/24/affordable-shared-ownership-flat-hackney-1m What could possibly go wrong...?
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Peak Gin
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Black Monday - Apparently
Telegraph has it's top story today with the headline "Black Monday". It's more of a live feed than an article, but interesting choice of title! Not much on all of this on here. However: - Shanghai composite has fallen 9% - FTSE has fallen 2.5% - Brent Crude has fallen 4.5% And this is just today. The live feed does have…
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Wil 2015 be 20 times worse than 2008 ?
Should we be buying tins of fish ? Is Gorden Brown buying tins of fish ? Should we be buying shares in fish tinning companies ? Or tin openers ? Or tin mines ? Or more London property ? Or maps of London ? http://www.theguardian.com/uk-news/2015/aug/27/net-migration-predicted-to-hit-record-level
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Blackburn - The best place to make a living
If you ignore many of the key aspects of choosing where to live and boil it down to cheap housing and being able to get a job to pay for that cheap hosing, then Blackburn is the place to be.…
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Lego a better investment than shares or gold
Fancy an investment with a 12% return? Then forget gold, property etc - you should be buying Lego. http://www.telegraph.co.uk/finance/personalfinance/investing/11817380/Lego-a-better-investment-than-shares-and-gold.html All you have to do is keep it pristine and store it properly. The Star Wars sets tend to do the best. So…
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Jeremy Corbyn wins economists’ backing for anti-austerity policies
I wouldn't worry to much, this information won't 'trickle down' to swing voters, such as Sun readers. The last PM to gain power without Murdoch's support was Harold Wilson. http://www.theguardian.com/politics/2015/aug/22/jeremy-corbyn-economists-backing-anti-austerity-policies-corbynomics?CMP=twt_gu …
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BTL tax changes to cost London Landlords over £1B a year
~700,000 BTLs in London. I figure wear and tear loss is ~£350 on average = ~£245 million And I guess the interest rate offset changes will collect an additional = ~£800 million* Does the budget reveal how they think changes will impact taxes collected? I would be interested to have a look at the treasury estimates but cant…
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Are the eternal optimists on here still feeling optimistic?
http://www.bbc.co.uk/news/business-29566009 With the global recovery looking ever more shaky are the regular band of optimists on here still positive about the economic outlook for the UK? What positives can we take from this new (sorry, predictable) looming financial crisis?
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indication of massive uk crash
:eek::eek::eek::eek::eek::eek::eek::eek::eek::eek: :eek::eek::eek::eek::eek::eek::eek: so banks are preparing to take your money from your account in a cyprus style raid, in the event of a "problem" triggered by lets say a global stock market crash, like the one thats happening right now. C H I N A! uk bail in policy…
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indication of massive uk crash
:eek::eek::eek::eek::eek::eek::eek::eek::eek::eek::eek::eek::eek::eek::eek::eek::eek: so banks are preparing to take your money from your account in a cyprus style raid, in the event of a "problem" triggered by lets say a global stock market crash, like the one thats happening right now. C H I N A! uk bail in policy…
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Should workers be rewarded for the profits they help to create?
Question says it all really. Comes as new figures are released for cheif exec pay of the FTSE100 companies. The figure has risen again, now standing at 183x the average wage. Impossible to put a figure on how much it "should" be, but should employees of these companies also benefit. Many of them will be on minimum wage or…
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It's time to lay siege to the robber barons of high finance
http://www.independent.co.uk/voices/comment/its-time-to-lay-siege-to-the-robber-barons-of-high-finance-10468512.html I fear however there are too many vested interests, because the UK as a whole is a wealth extractor rather than creator due to the size of its financial sector.
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Zombie Robot Apocalypse Cancelled
http://www.ft.com/intl/cms/s/0/0b16754e-45c6-11e5-af2f-4d6e0e5eda22.html#axzz3jKVzkAC7
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US CEOs Underpaid
http://www.haygroup.com/downloads/us/WSJ%20Hay%20Group%202014%20CEO%20compensation%20study.pdf CEOs are employed by shareholders in order to increase the value of their investments. On average, over the last year, the total shareholder return (or TSR) to investors measured as change in share price + dividend was 34.6%,…
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Time for a Sugar Tax or VAT on some foods
UK Obesity Crisis http://www.bbc.co.uk/news/health-33932930 http://www.theguardian.com/society/2015/aug/17/diabetes-bring-down-nhs-charity !!!!!! the condition leads to 135 foot amputations every week across the country. Imho we need VAT at 20% on all foods except raw fruit , veg, meat, fish, and pure dairy products. Sin…
