If QE Was Withdrawn....

coastline

A_Flock_Of_Sheep wrote: »

Any guesses at how much the FTSE will tumble tomorrow on the back of Bernancke opening his mouth today?

The Dow has fallen a further 1% since the Ftse close today so you would expect that at the opening on Thursday..
As posted further declines in the Far East might add to the nerves...but we are still above the intraday lows of last week 6200 so if theres no further wobbles I'm going for a low of 6200....theres been plenty of support there months ago...
Thing is the USA are forecasting better times ahead which you would think would convert to better company earnings and a higher stockmarket..

cepheus

Shares plunge 2% on Bernanke's comments on QE

Glastoun

cepheus wrote: »

Shares plunge 2% on Bernanke's comments on QE

Realistically, what could he have said that would have made shares rise? So why did traders wait until his announcement to sell?

grizzly1911

Glastoun wrote: »

Realistically, what could he have said that would have made shares rise? So why did traders wait until his announcement to sell?

They work like boy racers approaching a sharp bend. they know it is there, they know they have to slow down well in advance, but hope they can out brake each other.

dktreesea

JohnRo wrote: »

OK so someone else can do it in their spare time then... understood.

As long as they're being made to suffer who cares whether it helps the country's finances.

Are you being serious? Working is suffering, so if you are being supported by other taxpayers you shouldn't have to work for that support? :eek:

It's possible, on out of work benefits to receive more than two after tax FT NMW incomes, let alone one. Even a person who just receives the dole and no other support still gets their shelter paid for by someone. If they live at home and the parents still get housing benefit, then the person on the dole is benefitting from that housing benefit, even if the overall amount received by the parents has decreased due to having a non dependent person now living with them as opposed to someone still classified as a child.

JohnRo

dktreesea wrote: »

Are you being serious? Working is suffering, so if you are being supported by other taxpayers you shouldn't have to work for that support? :eek:

It's possible, on out of work benefits to receive more than two after tax FT NMW incomes, let alone one. Even a person who just receives the dole and no other support still gets their shelter paid for by someone. If they live at home and the parents still get housing benefit, then the person on the dole is benefitting from that housing benefit, even if the overall amount received by the parents has decreased due to having a non dependent person now living with them as opposed to someone still classified as a child.

Again it only addresses your ideological hatred of benefit claimants and desire to see them "working" for their undeserved handouts, picking your litter, clearing your gutters and grubbing out your ditches. So who is going to supervise them and will those supervisors have to get down in to the ditch to "work" for their wages as well or are they going to be the special volunteer ubermensch?

Either way it won't do anything whatsoever to address the country's dire finances or real problems with lack of affordable local government housing and the army of parasitic BTL slum lords leeching billions from the welfare state every year.

cepheus

Glastoun wrote: »

Realistically, what could he have said that would have made shares rise? So why did traders wait until his announcement to sell?

"I am going to increase the rate of QE even more" or perhaps more realistically QE would be extended for several more years at least?

JohnRo

Thus heaping even more financial misery on top of all those we already have for that most benevolent of financial solutions these "leaders" offer to solve everything - the future.

dktreesea

JohnRo wrote: »

Again it only addresses your ideological hatred of benefit claimants and desire to see them "working" for their undeserved handouts, picking your litter, clearing your gutters and grubbing out your ditches. So who is going to supervise them and will those supervisors have to get down in to the ditch to "work" for their wages as well or are they going to be the special volunteer ubermensch?

Either way it won't do anything whatsoever to address the country's dire finances or real problems with lack of affordable local government housing and the army of parasitic BTL slum lords leeching billions from the welfare state every year.

And how exactly does expecting people to work for the money they receive, including the dole and all the associated benefits that go with it, translate into an "ideological hatred of benefit claimants"?

As for the "parasitic BTL slum lords", the government can solve that by reducing their incentive to buy expensive housing and charge over the moon rents for it. All they need to do is reduce the housing benefit and introduce a user pays element. If housing benefit wasn't paid on, say, the first £40 of rent a week, and then only a certain percentage thereafter,up to, day a maximum about of £200 a week, people in private lets that they can't afford would be quick to move to more affordable housing.

JohnRo

Much easier to just give them a tent really and use the rest of the money to build high fences to keep them out. I've no more time for your ignorance.

Slum lords are the problem not the people they prey on.