wow! It's too quiet in here today!!!

drbeat

I feel awfully bad for telling you to "do one". So I'll apologise here instead of editing my post.

I have that three qualities that mircea does not posses:

* My memory
* My common Sense
* My education

My memory allows me to remember late 80s and early 90s.

My common sense has enabled me to recognise that this boom was unsustainable.

My education - with the aid of my memory - enables me to recall the outcome of the boom of the 20s.

Put the three together and the outcome is: I would never allow myself to get into a situation where my 10% deposit is wiped out in 2 weeks. That is what happens when booms bust!

With those three qualities one soon realises just how history repeats over and over again! WWII prevented what was to be the depression of the late 30s early 40s, but the cycle soon returned to it's normal regularity.

Opt out of the 'sheeple' class, recognise the cycle and even mircea will be able to change the lost 10% into a +30% gain! It's not rocket science or Economics; it's just History!

drbeat

Heyman wrote: »

Besides some gloating and general smugness, is there actually a point to this thread?

No I don't suppose there is; but then again they're other threads on this board that do not have a point either - you don't see them as pointless because you post on what I see as pointless threads. However, the rules of the board allow ALL to post such threads. If you have an issue with that then I suggest you direct your concerns at those who administrate this board rather then post pointless questions in a pointless thread.

But then again, I suppose you must have seen a point to be reading all the way to the point you posted or else you would have never of posted your point. So there is your point!

drbeat

Walletwatch wrote: »

Rest assured that if in a week's time, there is some major positive development in the housing market, we will have a similar thread from the bear regiment.

bull

lol

Walletwatch

drbeat wrote: »

bull

lol

Sorry, will edit my post to correct

Heyman_2

drbeat wrote: »

No I don't suppose there is; but then again they're other threads on this board that do not have a point either - you don't see them as pointless because you post on what I see as pointless threads. However, the rules of the board allow ALL to post such threads. If you have an issue with that then I suggest you direct your concerns at those who administrate this board rather then post pointless questions in a pointless thread.

But then again, I suppose you must have seen a point to be reading all the way to the point you posted or else you would have never of posted your point. So there is your point!

Well aren't you just a treat! :rotfl: Well don't worry, I won't invade your personal ego-stroking session any further. Hope life works out for you!

drbeat

Heyman wrote: »

Well aren't you just a treat! :rotfl: Well don't worry, I won't invade your personal ego-stroking session any further. Hope life works out for you!

Hmm, another pointless post.

lostinrates

Well, I was at the IFA yesterday morning. DH has a holiday, and surprise surprise, might as well be at work as all this happpening is making lots of lawyer type activity happen. Its a relief he's still got weork, but I have to confess to spending yesterday feeling extremely ill.

We didn't get through everything yesterday with IFA and have to go back to try and finish later this week, but I was feeling more and more ill with each set of figures we looked at. The thing is, we are compatritively alright, largish cash reserve, DH has secure (as it can be) well paid employment, and I have been sickened by how bad it is. Quite frankly if we were in debt or less secure situation I think I'd be feeling very much worse, which felt pretty impossible yesterday!

smartn

lostinrates wrote: »

Well, I was at the IFA yesterday morning. DH has a holiday, and surprise surprise, might as well be at work as all this happpening is making lots of lawyer type activity happen. Its a relief he's still got weork, but I have to confess to spending yesterday feeling extremely ill.

We didn't get through everything yesterday with IFA and have to go back to try and finish later this week, but I was feeling more and more ill with each set of figures we looked at. The thing is, we are compatritively alright, largish cash reserve, DH has secure (as it can be) well paid employment, and I have been sickened by how bad it is. Quite frankly if we were in debt or less secure situation I think I'd be feeling very much worse, which felt pretty impossible yesterday!

It's funny really that those of us who have prepared for this to a certain extent are still worrying about it far more than those who really should be worrying!! In some ways it must be nice to be oblivious of what is happening.

WTF?_2

lostinrates wrote: »

Well, I was at the IFA yesterday morning. DH has a holiday, and surprise surprise, might as well be at work as all this happpening is making lots of lawyer type activity happen. Its a relief he's still got weork, but I have to confess to spending yesterday feeling extremely ill.

We didn't get through everything yesterday with IFA and have to go back to try and finish later this week, but I was feeling more and more ill with each set of figures we looked at. The thing is, we are compatritively alright, largish cash reserve, DH has secure (as it can be) well paid employment, and I have been sickened by how bad it is. Quite frankly if we were in debt or less secure situation I think I'd be feeling very much worse, which felt pretty impossible yesterday!

If you've been conducting your financial affairs sensibly and aren't in debt, you have something to lose from all this banking instability.

If OTOH you're in debt up to your eyeballs - who cares? Firstly, you clearly don't care about being in debt. Plus, all the turbulence and banks going bust might even buy you some extra time to pay it off or maybe you were just planning on going bankrupt anyway......

moanymoany

lostinrates wrote: »

Well, I was at the IFA yesterday morning. DH has a holiday, and surprise surprise, might as well be at work as all this happpening is making lots of lawyer type activity happen. Its a relief he's still got weork, but I have to confess to spending yesterday feeling extremely ill.

We didn't get through everything yesterday with IFA and have to go back to try and finish later this week, but I was feeling more and more ill with each set of figures we looked at. The thing is, we are compatritively alright, largish cash reserve, DH has secure (as it can be) well paid employment, and I have been sickened by how bad it is. Quite frankly if we were in debt or less secure situation I think I'd be feeling very much worse, which felt pretty impossible yesterday!

I think the last time I felt this concerned about the future was the Cuban missile crisis when I and many others thought it was the mushroom cloud for us all.

Life will be changing quickly for many now, their debts will assume huge proportions and will stop being paid. There will be no money for frills, cars will go as jobs evaporate. I see them as I walk my dog, there is a secondary school near me and there are dozens of cars waiting for kids well able to walk and catch buses, ride bikes - I look at them and wonder if they realise what's round the corner!

I read the posts where people say their kids won't eat lentil daal and such like food that is cheap and nourishing so they can't save money on food - I remember the words of my old friend George - he was a prisoner of war and the Germans pretty much stopped feeding them as the end of the war approached. 'When you are hungry you will eat anything' he told someone who said they wouldn't eat brawn if they were starving! And boy, did he mean anything.

Times they are a changing. I notice that people have stopped saying it's going to be as bad as the 50's, it's the 30's now. Who know what is really going to happen. One thing's sure, both the PMship and US President job is a big fat poisoned chalice.