shares crash worldwide

wotsthat

Generali wrote: »

It's a bloody disaster, Gilt yields have risen to the point where the British government is paying almost as much as the rate of inflation to borrow money for 10 years!

The sky is falling in.

2.29% this morning.

Crappy nationwide ISA's pay that! What's wrong when people think they can't beat 2.29%.

Generali

wotsthat wrote: »

2.29% this morning.

Crappy nationwide ISA's pay that! What's wrong when people think they can't beat 2.29%.

Because if the Nationwide goes bust you won't get all your money back but if the BoE goes bust then your Gilts will be the least of your problems!

purch

Well that's fooked up "Jeffreys" plans

Actually having to pay to borrow billions was not on the agenda

wotsthat

Generali wrote: »

Because if the Nationwide goes bust you won't get all your money back but if the BoE goes bust then your Gilts will be the least of your problems!

If the BoE goes bust I might get 100% of my money back but only in nominal terms - it'll be worth somewhat less!

Are things so risky that it's better to pay the government to borrow money than invest elsewhere?

I could guarantee an impoverished old age by investing in current 10 year gilts. At least in yielding shares there's the chance I might be able to support myself.

Has the market really priced this correctly?

purch

Graham_Devon wrote: »

Heard something rather perverse on the radio earlier....

The next financial crisis could well be caused by the "fix" for the last financial crisis. Was stated that the last 5 years could be the most expensive years ever known in history.

What was also stated was that we are currently writing text books for students to read and learn from 100 years from now.

I think you will find that has always been the case

2007 was in part a result of the policy response to 2000, and so on

Short termism is and always will be the agenda

Vision is always in short supply

wymondham

long time until my pension so presume it's good the market crashes!

MacMickster

QE and historically low interest rates throughout most ofthe western world have never been a solution to the financial crisis. They have merely helped to hide it from our view.

As soon as the Fed suggest that QE may be brought to an end, then the veil has begun to fall away.

Will they allow the veil to slip completely and look their true economic situation in the face, or else discreetly push the veil back into place and put that moment off for another year or two?

dryhat

Generali wrote: »

Good news for drug dealers.

Why's that then Gen?

Generali

dryhat wrote: »

Why's that then Gen?

AIUI it's the payment method of choice for online drugs buyers.

Perhaps I shouldn't believe what I read in the papers.

dryhat

Generali wrote: »

AIUI it's the payment method of choice for online drugs buyers.

Perhaps I shouldn't believe what I read in the papers.

How many drug buyers do you think buy their drugs online?
I would guess that it's in the hundreds.

Compare that number with how many use cash.
I would guess that cash buyers number 10s if not 100s of millions.

So, if it's the drug use that bothers you, you should be more concerned about cash than Bitcoin.