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The 1930s
chunter
Posts: 2,031 Forumite
At the start of the year I was watching some financial programme on CNN and fancy-dan city types were predicting where the Footsie would be at the end of 2008 - most predicted around 6800.
Now we're looking at the mortgage collapse spilling over into Insurance. AIG went looking for 40 billion dollars to prop up their business at the weekend. The doors were slammed in their face by everyone. I believe they were eventually allowed to lend 20 billion to themselves.
All the TV and all the "experts" are saying there's no way we can have a 30s style financial collapse - too global.. But some of the experts who I seen at the start of the year are now out of a job.
I would suggest to people who still have money to not have all their eggs in one basket. A few tangible assets would not go amiss.
And don't buy a Man Utd top until well after Christmas.
Now we're looking at the mortgage collapse spilling over into Insurance. AIG went looking for 40 billion dollars to prop up their business at the weekend. The doors were slammed in their face by everyone. I believe they were eventually allowed to lend 20 billion to themselves.
All the TV and all the "experts" are saying there's no way we can have a 30s style financial collapse - too global.. But some of the experts who I seen at the start of the year are now out of a job.
I would suggest to people who still have money to not have all their eggs in one basket. A few tangible assets would not go amiss.
And don't buy a Man Utd top until well after Christmas.
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Comments
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what's a tangible asset... an American house for example?0
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At the start of the year I was watching some financial programme on CNN and fancy-dan city types were predicting where the Footsie would be at the end of 2008 - most predicted around 6800.
Now we're looking at the mortgage collapse spilling over into Insurance. AIG went looking for 40 billion dollars to prop up their business at the weekend. The doors were slammed in their face by everyone. I believe they were eventually allowed to lend 20 billion to themselves.
All the TV and all the "experts" are saying there's no way we can have a 30s style financial collapse - too global.. But some of the experts who I seen at the start of the year are now out of a job.
I would suggest to people who still have money to not have all their eggs in one basket. A few tangible assets would not go amiss.
And don't buy a Man Utd top until well after Christmas.
That'll teach you to stop up and watch Newsnight:D
Do we owe Alistar Darling an apology then (worse for 60 years) ?0
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