Lehmans

StevieJ

Debt_Free_Chick wrote: »

Bring it on, I say. We've been "flirting" with a crash/correction whatever for nearly two years now. The result is that nothing has really happened - one day's fall is corrected by a week's modest rise. And so we go on - it's like Chinese Water Torture - we all know it needs to happen, but we keep being fooled by maintenance of the status quo.

Let's have the correction. Let's feel the pain. Then let us all have an opportunity to invest at lower prices and see the prospect of some genuine returns again.

Bring it on!!!! !!!!!!!

20% + not good enough for you then?

StevieJ

Conrad wrote: »

A good freind has been argueing this correction was due around 2002. His basic argument was that cheap and easy money, inflated assets way beyond thier natural value.
Turn off the money tap and hey presto, we go back to where we would have been had it not been for the easy debt.

One of the people that established housepricecrash.co.uk tells me he expects prices could take 10 - 20 years to recover:eek:

I think she was talking about the stock market, in 2002 the market was 50% down.

BACKFRMTHEEDGE

!!!!!!? wrote: »

I'd like to think that (I loathe Murdoch and Sky) but I suspect that most chavs would sacrifice their first born rather than give up satellite TV.

Like booze and fags, money will be found.

Besides - who will babysit the kids if they can't be plonked down in front of the Cartoon Network all morning?

All that applies to me:rolleyes2 But not the booze or fags. I like me footy and the kids like abit of MTV & eternal episodes of friends...:undecided and there is Bloomberg TV. Nothing wrong with that surely :-)

BACKFRMTHEEDGE

Generali wrote: »

Personally, no.

Rumours abound of an emergency rate cut in the next few days.

Oh yippee that would be brilliant:laugh: To heck with inflation we'll all be bankrupt soon.

posh*spice

Chin up everyone - oil's hit $95 and falling. Gas is down 4% too.

WTF?_2

BACKFRMTHEEDGE wrote: »

All that applies to me:rolleyes2 But not the booze or fags. I like me footy and the kids like abit of MTV & eternal episodes of friends...:undecided and there is Bloomberg TV. Nothing wrong with that surely :-)

If you can afford it - no problem. I had a full Sky package myself for years but dumped it as soon as I got back to the UK as it was horrible value for money. If I was living abroad again I'd just bring a Freesat box but the service wasn't available back then.


But if you look at the moneysaving board you'll be amazed at the number of people who claim they are barely making ends meet who are paying a 50 quid a month Sky sub .... and who refuse to give it up.


I think a top-whack package is close to 50 quid a month now so you're looking at an outgoing of 600 quid per year just for telly (that's on top of the license fee).


If you must watch that much TV, a more economical way is to spend considerably less on decent broadband and a Usenet provider IMO.

WTF?_2

posh*spice wrote: »

Chin up everyone - oil's hit $95 and falling. Gas is down 4% too.

Yay deflation!

There's nothing like systemic collapse of the banking system to bring down commodity prices.

Loving the positive spin, I think we're all making an attempt to be more upbeat

posh*spice

!!!!!!? wrote: »

Yay deflation!

There's nothing like systemic collapse of the banking system to bring down commodity prices.

Loving the positive spin, I think we're all making an attempt to be more upbeat

LOL - well if commodity prices fall and interest rates fall maybe 2009 won't be as bad as eveyone is predicting. Maybe 2008 will be the worst year and we will see recovery in 2009? - oh go on - I can hope can't I?

WTF?_2

posh*spice wrote: »

LOL - well if commodity prices fall and interest rates fall maybe 2009 won't be as bad as eveyone is predicting. Maybe 2008 will be the worst year and we will see recovery in 2009? - oh go on - I can hope can't I?

As long as the banks holding my savings don't go bust I'm quids in with deflation. Time to move everything into NS&I tax free bonds I reckon.

Oh, and hoping I don't lose my job of course. Though deflation at least means my savings will go further.


Also, if the system doesn't collapse after Lehman Bros then there are plenty of reasons to believe that we are on the overall right path to eventual recovery. The excess credit has to be destroyed, bad debts written off and asset prices brought back to sensible levels in order to move on. This marks the start of that process.

carolt

!!!!!!? wrote: »

Also, if the system doesn't collapse after Lehman Bros then there are plenty of reasons to believe that we are on the overall right path to eventual recovery. The excess credit has to be destroyed, bad debts written off and asset prices brought back to sensible levels in order to move on. This marks the start of that process.

I'd like to think you were right....

But don't expect that path to smooth, easy and strewn with flowers.