We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

BREAKING US markets tanking - S&P 500 & Nasdaq down >7%

Mr_Mumble
Mr_Mumble Posts: 1,758 Forumite
in Debate House Prices & the Economy
:eek:

Earlier in the day, SocGen analyst said:

This is a much bigger crisis than the Lehman one, but the market has yet to recognise it.

They're starting to realise....
"The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.
«13456789

Comments

  • carolt
    carolt Posts: 8,531 Forumite
    You missed out the heading!!!

    How could you do that, considering it was the glorious:

    "
    Tin hat time: European analysts declare ‘meltdown’"



    It's truly come (apparently). It's official. Tin hat time IS here.

    I'm sure some will be very relieved they were so well prepared (well in advance of the run on tin hats...). :)
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    That's one scary graph...

    dji.jpg
  • Exocet
    Exocet Posts: 744 Forumite
    Fortunately the BBC feed is a bit behind so I can feel relaxed for another few minutes.
  • carolt
    carolt Posts: 8,531 Forumite
    Just in time for the election.

    Just what a new PM wants to greet them on their first day at work - a bloody massive economic crisis. :eek:

    Let us all pray that George Osborne is indisposed - or that we get a hung parliament and Vince.
  • tomterm8
    tomterm8 Posts: 5,892 Forumite
    Part of the Furniture Combo Breaker
    Erm, yeah. I remember the great crash of '87. This is a walk in the park.
    “The ideas of debtor and creditor as to what constitutes a good time never coincide.”
    ― P.G. Wodehouse, Love Among the Chickens
  • Exocet
    Exocet Posts: 744 Forumite
    tomterm8 wrote: »
    This is a walk in the park.
    I'm loving these expression tonight. The Greek thing is a picnic, this is a walk in the park. WW3, I guess, will be a doddle.
  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    tomterm8 wrote: »
    Erm, yeah. I remember the great crash of '87. This is a walk in the park.


    It was tough in 1929 also.


    I remember it well.....
    Not Again
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Dow is now up 4.5% in the last 12 minutes. It's a bull market, get stuck in. ;)
  • Mr_Mumble
    Mr_Mumble Posts: 1,758 Forumite
    Ridiculous, in a matter of seconds we went from -2% on the day to -8% and we're currently back at -4.5%. Marketswatch is saying this is technical.. can't think of any time since 1987 that a purely technical move has led to this kind of volatility.
    "The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    Exocet wrote: »
    , will be a doddle.


    only if we all put our nose to the grindstone with a little elbow grease.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.2K Work, Benefits & Business
  • 603.9K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture