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FTSE down over 4%

12357…10

Comments

  • worldtraveller
    worldtraveller Posts: 14,013 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    1984ReturnsForReal wrote: »
    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 envelopes

    So far I've seen very little in the way of major import tariffs & quotas and the likes of large subsidies or tax cuts to business with direct state intervention. However, I expect we will quite soon.
    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...
  • JonnyBravo
    JonnyBravo Posts: 4,103 Forumite
    Mortgage-free Glee!
    Graham_Devon wrote: »
    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.

    Absolutely.
    I realise a lot of it was brinkmanship but they were hours from defaulting only weeks ago. Cheeky chuffs.
  • Joe_Bloggs
    Joe_Bloggs Posts: 4,535 Forumite
    Surely it better to put your hand in at the bottom when all the !!!! is falling rather than buy when you get the nudge from vested interests touting prospects around the corner of the back of beyond.
    J_B.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Shares down.

    Gold down.

    Silver down 11% today alone. :)
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • The_White_Horse
    The_White_Horse Posts: 3,315 Forumite
    but everyone's benefits are fine. so don't worry.

    real people's pension pots are falling, but the public sector are guaranteed theirs with magic money that falls from the magic sky in doolally public sector land. look at the fools in greece. i hate public sector workers. they have no appreciation of money or where it comes from. they just demand more and more without a clue. 16USD muffins anyone???
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    The_White_Horse wrote: »
    rock bottom are the paid workers that earn "too much" for benefits but get it all taxed away.
    So where does that put public sector pensioners who get too much for benefits but get it all taxed away?
    "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 Lewis
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    I see the news highlighted the stockmarket stabilising and showing slight rises this morning.

    However they are now down a further 1% and are under the magical 5000 mark. :eek:
    Why are we here?......................because we are not all there.
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    shortchanged wrote: »
    I see the news highlighted the stockmarket stabilising and showing slight rises this morning.

    However they are now down a further 1% and are under the magical 5000 mark. :eek:

    It is seriously looking like now that the markets have no faith in any actions carried out to solve this looming debt crisis.
    Why are we here?......................because we are not all there.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    shortchanged wrote: »
    It is seriously looking like now that the markets have no faith in any actions carried out to solve this looming debt crisis.

    Has there been any?

    All actions so far have been more debt, more magical money and extending the pain.
  • worldtraveller
    worldtraveller Posts: 14,013 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    FTSE currently down 1.7%.
    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...
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