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OMG - America says "No!"
Comments
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Oh boy. Fingers crossed they can sort this one out. Either some back handers, or some re-writing of the bill. I never ever thought I would say this......come on George Dubya.Baby Year 1: Oh dear...on the move
Lily contracted Strep B Meningitis Dec 2006 :eek: Now seemingly a normal little monster. :beer:
Love to my two angels that I will never forget.0 -
Oh boy. Fingers crossed they can sort this one out. Either some back handers, or some re-writing of the bill. I never ever thought I would say this......come on George Dubya.
I think that's very unlikely now. They're up for re-election in six weeks, and the taxpayers are overwhelmingly against this. Anyone so spineless as to switch their vote can kiss their political career goodbye.Hurrah, now I have more thankings than postings, cheers everyone!0 -
jeesus.. it just lept from 911 to 1,040, than back to 911.. possibly a glitch!
I tend to monitor it in pounds/kg as it's a bit easier to calculate its immediate effect on my bank balance were I to sell my holding.
It whooshed up to about £16000/kg and seems to be sticking there or thereabouts. Was about £15500/kg for much of the week.
(that's on bullionvault - doesn't always mirror the spot price exactly)--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
It the end of the world as we know it . . . and I feel fine!
Sorry . . . just can't get that song out of my head so thought I'd share it with you all!:j MFiT Club Member 14 :jMortgage Outstanding 01 April 2007 - £51,051 :eek:
Mortgage Outstanding 25 February 2009 - £NIL :rotfl:
Savings 01 April 2009 - £1,522
Paid off 19 years 8 Months early - Original Mortgage £63,000 October 2003 - 25 year term0 -
SPY (aka SPYDERS, a sort of a share based on the Standard & Poors 500) is down more than 5% on the day (link) it was down about 7% at one point.
The more I think about this, the more I think that it really isn't the end of the world if this bill doesn't go through:
- the extra Government debt is going to be a huge drag on the US economy for years to come;
- there is substantial evidence to suggest that Government borrowing 'crowds out' private sector investment on a 1:1 basis. That is, if the Government borrows $1 to spend, business investment drops by $1. Again, US business investment falling by $700,000,000,000 would be a huge drag on the US economy;
- morally, why the heck should ordinary Americans, most of whom weren't 'flippers' or benefiting from huge bonuses bail out massive banking institutions? Most Americans didn't even see any substantial rise in the value of their house!
- if all this bailing out leads to the US$ no longer being accepted as the primary store of wealth across the world, the fallout for the US economy will be far worse than a few bank execs losing their jobs.0 -
Gorgeous_George wrote: »Not a good day for investors
GG
Oh yes it is... Gonna add a load more Lloyds TSB shares to my portfolio when it crashes in the morning
It's bargain basement time ...
again.. 0 -
I think that's very unlikely now. They're up for re-election in six weeks, and the taxpayers are overwhelmingly against this. Anyone so spineless as to switch their vote can kiss their political career goodbye.
Perhaps so. But if it did go through it would make things a bit smoother for the rest of the world for a bit. Don't care much for politicians (spineless or otherwise) of any breed.Baby Year 1: Oh dear...on the move
Lily contracted Strep B Meningitis Dec 2006 :eek: Now seemingly a normal little monster. :beer:
Love to my two angels that I will never forget.0 -
food riots here we go.......OMFG
BLACK TUESDAY HERE WE COME...It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0
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