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FTSE down over 4%
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I'm 0.052% up on this mornings purchase - I'll never be poor and humble again.0
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The_White_Horse wrote: »still, the benefit brigade have no fear. their income will remain on track."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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*sigh* you know the economy is in trouble when the German Prime minister decides to call the Pope up for a chat about the economy, so she can ask for some divine intervention.
( I had to make that joke)“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
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Let's see how long it is before someone mentions that pension funds will be affected as well as other investors ........
Of course they will, but clearly they won't if they work in the public sector. But, hey, many of them will still go on strike later this year because they still 'just don't get it' and live on a completely different planet to the rest of society today!It's not just the public sector though, it's the likes of MPs, many of whom are now retiring with 'pension pots' worth well over £1 million today, the pension being inflation linked for the rest of their lives, with tiny personal contributions during their working life. The vast majority is being paid for, and will continue to be paid by, the taxpayer.
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
US are calling for europe to stop the politics and just get on with the action that needs to take place.
Which is amusing, considering they are wrangled in politics themselves.
Everything seems to be falling though. Some metals down over 8%. Gold down 4%. Silver over 10%. Oil down over 7%. Apparently sterling vs the Yuan is a little worrying. Won't pretend to understand why.0 -
Graham_Devon wrote: »Apparently sterling vs the Yuan is a little worrying. Won't pretend to understand why.
Chinese are holding all the cards
And the money & the shares & the bonds & ...... Well, I bet you get the rest......Not Again0 -
I love it! Everyone blaming everyone else. The next step is protectionism. Mark my words!There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
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worldtraveller wrote: »I love it! Everyone blaming everyone else. The next step is protectionism. Mark my words!
You missed that stop. Everyone is doing it apart from the UK who just passes money on to whoever pays it back in small brown envelopesNot Again0
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