Generali's Thread of Doom

setmefree2

Generali wrote: »

I am looking forward to reading your uplifting post in 2011. Please hang around between now and then though.

Here's some good news

Gilt Sales Show U.K. Rating Not a Concern, DMO Says

Feb. 24 (Bloomberg) -- U.K. bond sales show most investors are unfazed by speculation Britain’s recession and soaring debt burden will hurt its credit rating, according to Robert Stheeman, chief executive officer of the Debt Management Office.
Investors accepted the lowest yield on record to buy three- year gilts at an auction last week, according to the DMO, which oversees debt sales on behalf of the U.K. Treasury. The government plans to sell a record 146.4 billion pounds ($212 billion) of bonds in the year to March 31 as tax revenue wanes.
“We are selling a lot of our debt at historically very low yields,” Stheeman said yesterday in an interview.

http://www.bloomberg.com/apps/news?p...r=govt_bond s

So that's today's good news:D

Regards:p

SMF2

amcluesent

>So that's today's good news<

OT. Reported for trolling

SGE1

amcluesent wrote: »

>So that's today's good news<

OT. Reported for trolling

Slightly ironic

mardatha

Life is like sledging... while you're going downhill on the sledge is all WHEEE but once you're at the bottom and facing the climb back up its NOOOO !But you cant WHEEE downhill for ever, nor can you NOOO uphill for ever.

Generali

setmefree2 wrote: »

Here's some good news

Gilt Sales Show U.K. Rating Not a Concern, DMO Says

Feb. 24 (Bloomberg) -- U.K. bond sales show most investors are unfazed by speculation Britain’s recession and soaring debt burden will hurt its credit rating, according to Robert Stheeman, chief executive officer of the Debt Management Office.
Investors accepted the lowest yield on record to buy three- year gilts at an auction last week, according to the DMO, which oversees debt sales on behalf of the U.K. Treasury. The government plans to sell a record 146.4 billion pounds ($212 billion) of bonds in the year to March 31 as tax revenue wanes.
“We are selling a lot of our debt at historically very low yields,” Stheeman said yesterday in an interview.

http://www.bloomberg.com/apps/news?p...r=govt_bond s

So that's today's good news:D

Regards:p

SMF2

That is good news (so long as you're not short Gilts!).

The tug right now in the Gilt market has to be between them getting swamped with (as the article says) record amounts of debt issuance and the desire among investors (especially professional investors) to protect capital and forget about earning much income, let alone capital growth.

John_Pierpoint

mewbie wrote: »

Point of post? None at all really. Just trying to say there is an alternative to all the doom, and that is just to ignore it and hope things recover. It may be as practical as a belief in a higher being, but sometimes if you ignore the elephant long enough one day it goes away all by itself. (This is not the advice my therapist gave me).

Yes instead of struggling on or doing something stupid, like topping yourself; go and punch a policeman, then tell the judge what you think of him.
With a bit of luck you will get an all expenses paid holiday in an open prison and when you come out all this bad dream will have been sorted out for you.

[If you have buried a few gold bars, you should be in a good position to compete with some of the foreigners who will be buying up the country at bargain basement prices]

bubblesmoney

Merrill is the only firm that paid out over 100% of its operating profit to its employees over the '03-'08 period (185% to be exact)

http://zerohedge.blogspot.com/2009/02/merrill-bubble.html