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Green across the Board as printing takes off
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To not 'play the game' because you disagree with it in principle 'may' be honourable but is often not profitable.
I haven't seen anyone suggest not to 'play the game'
I disagreed with the Building Society Demutualisations and voted against them. But that didn't stop me carpetbagging every one I could to get the free money or shares. If I can't stop it happening, and somebody is going to get money they have not earned, it might as well be me
In any case, you can't afford to ignore politics because thats what is driving share prices at the moment.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Glen_Clark wrote: »If I can't stop it happening, and somebody is going to get money they have not earned, it might as well be me
Well, quite. I don't think that PPI is what you might call a great deal for the taxpayer, but I'm very happy to have portfolios stuffed full of PPI infrastructure companies.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Confused as to what QE will do when Greece defaults and finally exists Europe due to the new elected party.0
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Greece is going to crash and burn, and the burning may sadly not be metaphorical.
If the greek people felt that austerity was a burden, wait until they find out what's coming if they do a u-turn!I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
I honestly believe the economic crisis is an energy crisis.
If QE was solely about recapitalising the banks, then the central banks could just create all the money the commercial banks needed.
Some would argue capital requirements would prevent this from happening, but mark to market accounting is no longer used in places like the states. I would suspect they're not the only ones to do away with this accounting standard either.
Which means QE to infinity is possible.
The economic crisis must have a real world component. Peak oil and it's threat to western civilization is the only thing that makes any real sense. Since 2003 the news is awash with America invading one oil rich country after another. Even today we're bombarded with news about Syria and how vital it is America go in and remove Assad from office. But when that happens I bet the news will quickly turn to America's need to prevent Iran getting a nuclear bomb.
The recent oil price drops are political in nature and have nothing to do with supply and demand market forces. If that were the case China has enough dollar reserves to buy up Saudi Arabia's oil production for the next 20 years. Obviously this won't happen , but it at least demonstrates the degree of control required over the commodity and how little the markets have to do with anything.
I first heard this explanation of world events from Michael Rupert in 2008 (although the interview was conducted in 2006 IIRC) and it has always served as a reminder of what's really going on in the world.0 -
I think you mean PFI?gadgetmind wrote: »Well, quite. I don't think that PPI is what you might call a great deal for the taxpayer, but I'm very happy to have portfolios stuffed full of PPI infrastructure companies.
But Yes, I disagreed with selling off our Power and Water supplies, and Post Office, but that hasn't stopped me making money on the shares. I find most commuters disagree with privatising our railways, but we still use the trains. Does that make us hypocrites? I don't think so. We couldn't stop it, and now have to make the best of it.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Absolutely. They talk about Human Rights when it suits them, and ignore them when it doesn't. I could write pages of examples to prove it.Peak oil and it's threat to western civilization is the only thing that makes any real sense. Since 2003 the news is awash with America invading one oil rich country after another. Even today we're bombarded with news about Syria and how vital it is America go in and remove Assad from office.
That doesn't mean, of course, that every oil company is a good bet. We need food even more than oil, but many food producers and grocers go bust.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Not sure about that. The Saudis wouldn't sell their next 20 years production at todays prices because they know the oil price will rise once they have shut down shale oil producers who have the highest cost base. Its said Saudis can pump oil for about $1 a barrel, wheras shale producers can cost as much as $80. Since OPEC no longer has a monopoly, it might make economic sense to shut down their competitors with low prices, rather than lose half their market share supporting their competitors by maintaining the price at $100 a barrel.The recent oil price drops are political in nature and have nothing to do with supply and demand market forces. If that were the case China has enough dollar reserves to buy up Saudi Arabia's oil production for the next 20 years.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
gadgetmind wrote: »Greece is going to crash and burn, and the burning may sadly not be metaphorical.
If the greek people felt that austerity was a burden, wait until they find out what's coming if they do a u-turn!
Oh I dunno? Rather than bail the banksters and landlords out with poor people's borrowed money like Britain did, they might tell them to go whistle like Iceland did - and is now recovering well.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
All green here. Best performer is surprisingly Neptune Russia at 10% for the year so far.0
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