Financial crash - should I be worried by this message from MoneyWeek??

martingirl

Should I be worried by a video my Moneyweek about there being another financial crash coming soon or is it all hype?

purch

Yes.........................

chewmylegoff

Yes, my advice is to sell everything you own and buy guns, ammo, tinned food, bottled water, a cave and a subscription to moneyweek.

BillJones

martingirl wrote: »

Should I be worried by a video my Moneyweek about there being another financial crash coming soon or is it all hype?

Here on the trading floor we've just cancelled all of our data providers and sacked our economists, as we can do far better by just sharing the copy of Moneyweek that someone leaves in the disabled toilets.

It's wonderful, having found a publication that tells us where the markets will be next week, month and year, as opposed to Bloomberg and Reuters who can only tell us where it is, and where it's been.

bugslet

chewmylegoff wrote: »

Yes, my advice is to sell everything you own and buy guns, ammo, tinned food, bottled water, a cave and a subscription to moneyweek.

You've been reading the 'preparation for when the SHTF' thread, haven't you, chewie. Full of sound, practical advice for those worried about the impending crash.

PasturesNew

Well, what happened the last time they said something similar? Newspapers, magazines, etc exist to make money, so they have to write things to bring people to their product/webpages .....

ruggedtoast

Isnt Moneyweek the one that Merryn writes for?

:heartpuls:heartpuls:heartpuls:heartpuls:heartpuls:heartpuls:heartpuls:heartpuls:heartpuls:heartpuls:heartpuls:heartpuls:heartpuls:heartpuls

chucky

martingirl wrote: »

Should I be worried by a video my Moneyweek about there being another financial crash coming soon or is it all hype?

Yes but don't forget to always remember to wear clean underwear.

Generali

Monkeyweek is a fine publication. Full of interesting articles on siminans.

Moneyweak is the most dreadful twaddle. It's a great way to make a small fortune out of a large one.

Bantex_2

BillJones wrote: »

Here on the trading floor we've just cancelled all of our data providers and sacked our economists, as we can do far better by just sharing the copy of Moneyweek that someone leaves in the disabled toilets.

It's wonderful, having found a publication that tells us where the markets will be next week, month and year, as opposed to Bloomberg and Reuters who can only tell us where it is, and where it's been.

Would these be the same as the well respected ratings agencies that were giving AAA status to toxic derivatives and bankrupt banks around 7 years ago?

antrobus

Bantex wrote: »

Would these be the same as the well respected ratings agencies that were giving AAA status to toxic derivatives and bankrupt banks around 7 years ago?

Err, no. Bloomberg and Reuters aren't rating agencies. They are both basically data providers. Standard & Poor's, Moody's, and Fitch are rating agencies.