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Current market carnage - anyone selling or buying?
Comments
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Perhaps what many of these gloomy predictions haven't accounted for though, is the extent to which governments are captured and the central politburo is prepared to effectively become the market in order to keep their wealthy client/owners in the manner to which they're accustomed.
Yes but David and Gideon are well connected with the Aristocracy and govern in the interest of those with old money - thats land and property - not productive industry or equities, even if it means abandoning the free market and reverting to Socialist type subsidies through housing market interventions. Britains wealthiest aristocracy have seen their inherited estates more than double their capital value in the last 10 years, plus astronomical rents on top.
As Warren Buffet said 'My class, the rich class, started the class war, and we're winning'“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
InvestInPoker wrote: »I would never rubbish an organisation simply because it holds a strong view. I would however rubbish them and be far less inclined to listen to what they have to say if they have historically proven themselves to be idiots (and needed to be bailed out financially).
What's the connection between the boards activity pre 2008 and an article released last week? Complete nonsense to say there's any correlation.0 -
Bear in mind the truly extraordinary measures taken by governments and the global politburo to prop up the whole rotten banking casino in recent years.
Some would say. Financially engineer a soft landing. After the light touch financial system that the USA introduced to the world. Unfortunately Balls and Brown bought into the concepts. A price which we are still paying for today.0 -
Thrugelmir wrote: »What's the connection between the boards activity pre 2008 and an article released last week? Complete nonsense to say there's any correlation.
It's complete nonsense to say there is no correlation to RBS 2008 and RBS now.
It's also complete nonsense to not take someones history into account when dealing with them now.0 -
I find the best thing after a market crash is exercise, a long strenuous walk maybe, to take your mind off it.
The worst thing is probably alcohol?“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
racing_blue wrote: »Rather than risk a capital loss, they look for another sort of safe, fixed income vehicle. Do fixed rate cash ISAs fit the bill?
My concern with that would be holding it all in Sterling. I fear Osborne's 'Recovery, GDP Growth etc' consists of rising housing costs fueled by public debt (his so called 'Help To Buy', Housing Benefit to top up wages to the level of rents etc) which I fear will be disastrous for Sterling in the long term. With taxpayer subsidy he has made unproductive property speculation more lucrative than productive industry, so thats where much needed investment and talent has gone.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
InvestInPoker wrote: »It's complete nonsense to say there is no correlation to RBS 2008 and RBS now.
It's also complete nonsense to not take someones history into account when dealing with them now.
For the record RBS aren't alone in this view. So is it banks that you hold a personal grievance against?.0 -
Thrugelmir wrote: »is it banks that you hold a personal grievance against?.
I know you're not asking me, but ...
I'd no more trust a bank to give investment advice than I'd trust a crocodile to recommend a safe place to swim. And that's whether retail (they sell what makes them most money) or investment banking (they ramp what they hold and trash what they short.)
You also need to look at track record. Their ability to manage risk, assess the economic cycle, and perform due diligence as part of M&A, aren't exactly what you'd call top notch.
I'm sure that they are all *very* well paid but they clearly aren't the sharpest chisels.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 -
Thrugelmir wrote: »For the record RBS aren't alone in this view. So is it banks that you hold a personal grievance against?.
No they aren't alone in this view. I keep telling people but they don't listen. But RBS obviously are more believable than me despite the fact they fib a bit and got fined £390m for LIBOR mischief.
It's all going down-diddly-down-down I tell ye!0 -
Glen_Clark wrote: »I find the best thing after a market crash is exercise, a long strenuous walk maybe, to take your mind off it.
The worst thing is probably alcohol?
No the best thing is to buy up all the bargains.0
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