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

24

Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    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?

    Pithy comments fall flat when you don't know what you're on about unfortunately.
  • purch
    purch Posts: 9,865 Forumite
    antrobus wrote: »
    Err, no. Bloomberg and Reuters aren't rating agencies.

    Maybe not.................but I bet they spend at least one day a week is Strasbourg :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • Bantex_2
    Bantex_2 Posts: 3,317 Forumite
    antrobus wrote: »
    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.
    My point was just that because these are large established and respected organisations, does not always mean any conclusions they come to are correct.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Bantex wrote: »
    My point was just that because these are large established and respected organisations, does not always mean any conclusions they come to are correct.

    They're, for the most part, simple data providers. They don't come to many conclusions. They just provide prices, yield curves, news alerts etc. for the most part.
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    Bantex wrote: »
    My point was just that because these are large established and respected organisations, does not always mean any conclusions they come to are correct.

    They don't come to conclusions, they just provide the data. The conclusions are drawn by the highly paid "wolves" on the trading floor.;)
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    ruggedtoast wrote: »
    Isnt Moneyweek the one that Merryn writes for?

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

    Yes, you know her. You can recognise the "HYPOCRITE" tattoo on her forehead.
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • mayonnaise
    mayonnaise Posts: 3,690 Forumite
    Merryn is still at it...

    So if you live in London, do yourself a favour, says Merryn Somerset Webb on MoneyWeek.com. Bank your "vast
    gains" and move out. The current price gap with the rest of the country is bound to narrow eventually. Assuming you want to live in a Wiltshire manor house with acres, "rather than a three-bedroom terraced mini-home in Balham", there's rarely been a better time "to make the trade".
    :rotfl:

    http://www.theweek.co.uk/prosper/58009/london-house-price-bubble-it-time-quit-capital

    I think she should join Jonathan Davis Wealth Management as senior partner.
    Don't blame me, I voted Remain.
  • purch
    purch Posts: 9,865 Forumite
    edited 10 April 2014 at 12:08PM
    Generali wrote: »
    They just provide prices, yield curves, news alerts etc. for the most part.

    ...and in the case of Knight Ridder (Moneycenter), usually incorrect prices, yield curves and news alerts :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    purch wrote: »
    ...and in the case of Knight Ridder (Moneycenter), usually incorrect prices, yield curves and news alerts :eek:

    Reuters have a new(ish) product called Eikon that threatens Knight Ridder in the useless stakes.

    We've got a demo version in the office and if I didn't know better, I'd swear we had it on dial-up.
  • mayonnaise
    mayonnaise Posts: 3,690 Forumite
    purch wrote: »
    ...and in the case of Knight Ridder (Moneycenter), usually incorrect prices, yield curves and news alerts :eek:

    I'd never trust an outfit that can't even spell Knight Rider correctly.

    Knight-Rider.jpg
    Don't blame me, I voted Remain.
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