Preparedness for when

COOLTRIKERCHICK

So in a nutshell what type of effect will this have on us?? Who live hand to mouth..?? Will companies increase product prices, to make their company look better? Or lower prices to try and get their turnover up to attract more investment??
I bet loads of companies and banks are starting to show their true financial colours now.

Just wondering if this spring/ summer we are going to have a double whammy with fruit/ veg etc prices going up becuase of the weather , and if I remember rightly food prices went up after the last banking crisis

COOLTRIKERCHICK

mardatha wrote: »

Just by the by, why are the Russians banning port imports? Is it a real reason or is it Putin having a quiet snigger?

The EU put embargo's on them, so Russia said OK, we will not buy any pork from you.. They imported a huge amount ..I should imagine there is other things they have stopped importing from the EU too..

Does anyone know what embargo's the EU put on Russia a few years back?

Edit..

http://www.theguardian.com/world/2014/sep/11/russia-eu-sanctions-west-trade-embargos-cars-ukraine

http://www.bbc.co.uk/news/world-europe-28400218

greenbee

Finland had a cheese glut when the embargo started, as a lot of the imports to Russia pass through Finland, and exporters didn't want to ship it all back. They referred to it as 'Putin's cheese'

[Deleted User]

Don`t fret about the stock market, it is up 1.78% at the moment. Depends what stocks people have in their portfolios as to whether they are laughing or crying and whether they are active sellers and buyers. Many I know sold high and are buying lower. It is called trading and can make very quick bucks. Volatility is not a bad thing at all, stock retracements are very healthy indeed. The mentality of the gpb is that of sheep when it comes to the stock market. Sellers flood in with increasing momentum and it falls, buyers flood in and it rises. That is the way it is, can also be called tree shaking

Now back to my bundt making and sewing

Frugalsod

COOLTRIKERCHICK wrote: »

So in a nutshell what type of effect will this have on us?? Who live hand to mouth..?? Will companies increase product prices, to make their company look better? Or lower prices to try and get their turnover up to attract more investment??
I bet loads of companies and banks are starting to show their true financial colours now.

Just wondering if this spring/ summer we are going to have a double whammy with fruit/ veg etc prices going up becuase of the weather , and if I remember rightly food prices went up after the last banking crisis

Well companies have been trying to boost their margins since the crisis. They do this by raising prices and lowering costs, mainly wages. The big problem with this is that profit margins have a tendency to revert to the mean. This will mean falling margins and falling profits and since the prices are too high for most consumers to afford they lose sales as well. So profit margins are at historical highs and while this looks good for shareholders this is also unsustainable so eventually share prices also revert long term trading averages.

I think that if fruit and veg do rise in prices there will be issues as people will switch spending from some items to make up the difference as they need to eat. So it could be recessionary depending on the severity.

daz278

A lot of companies are artificially inflating their balance sheets (didnt Tesco get in trouble for doing similiar?) the market is starting to see through this and lowering prices accordingly. its probably a bit more complicated than that, hopefully britain will bump up and down bottom for next few years like japan and not a deep plummet

take care

jk0

I came across this today:

http://www.naturalnews.com/052943_Zika_virus_hoax_larvacide_chemical_GM_mosquitoes.html

Imagine putting insecticide in drinking water?

moneyistooshorttomention

jk0 wrote: »

I came across this today:

http://www.naturalnews.com/052943_Zika_virus_hoax_larvacide_chemical_GM_mosquitoes.html

Imagine putting insecticide in drinking water?

That link didn't work.

Try this one:

http://www.naturalnews.com/052943_Zika_virus_hoax_larvacide_chemical_GM_mosquitoes.html

He can be oddball in some of his articles - but I am inclined to think that he does strike paydirt sometimes and I think this might be one of his "on the money" articles.

EDIT; That link won't click through to it either. Looks like it needs to be manually typed in.

Frugalsod

daz278 wrote: »

A lot of companies are artificially inflating their balance sheets (didnt Tesco get in trouble for doing similiar?) the market is starting to see through this and lowering prices accordingly. its probably a bit more complicated than that, hopefully britain will bump up and down bottom for next few years like japan and not a deep plummet

take care

Tesco was a poster boy for the worst excesses of financial manipulation of its figures but they are not anywhere as bad as the banks. They did have a big write off of their land bank for new stores but much of this was probably due anyway.

If Britain does bump up and down that is probably is better than we should expect. You can forget about another boom for a long time. We simply have far too much debt to have such a recovery. Japan has basically been in stagnation for 25 years but they have a huge advantage. They are a remarkably homogeneous society with very few foreigners, so they can maintain a "We are all in this together" policy, we would have problems on that score. Secondly they also have a sizeable manufacturing base to help, again we do not. Thirdly much of their debts are held domestically, we have a significant proportion owned by foreigners who could sell at any moment causing another crisis.

If we have a deep plummet then there are real benefits that come from that. First it clears out all the malinvestment around the country like the 40 000 £1M plus flats being built in London when the peak was 3600 sold in any year. It allows house prices to drop to a level that allows first time buyers to get a place. It will allow affordable homes to be built, which will also be good in that it holds down wage demands and keeps the country competitive. It will allow people to rebuild investments from a low base at a far more sustainable rate. It will allow interest rates to rise to a level that will allow pension funds to be viable again. With investment returns so low pension contributions would really need to rise 1000% if you were to retire on a level that you had expected. The younger you are the more likely this to be the case. Now factor in pension increases of that magnitude and see how it would impact you. These problems are not even being discussed yet.

Frugalsod

jk0 wrote: »

I came across this today:

http://www.naturalnews.com/052943_Zika_virus_hoax_larvacide_chemical_GM_mosquitoes.html

Imagine putting insecticide in drinking water?

There are lots of wild and crazy rumours about this virus. Somehow I do not see it being Zika that is responsible for the problem births. Zika has been in Africa for decades without this level of problems. It must be something else as the route cause. This is a mistake of causation over correlation.

An insecticide in the water as a cause is more probable, but I would leave it to the scientists to discover the real cause. Panicking over something that might be false is probably the modern day equivalent of blaming cats and dogs for the Black plague rather than the rats.