Reduce Risk VLS60

degs88

Forgot to say in the above that in relation to my original post, I have decided to leave things as they are.
Thanks again.
Degs.

degs88

Further to the discussion regarding various commentators predicting the crash, there is an article on the Daily Mail (I know!) at the moment. Because I'm new I can't post a link but the headlines are as follows, I'm sure you could find the article if you want to and haven't already seen it.

Experts warn the next recession will be 'worse than the Great Depression' and predict it will hit US within two years as $247trillion global debt outdoes 2008

*Economic commentator Peter Schiff and Murray Gunn, head of global research at Elliott Wave International believe the next crisis will be worse than 2008
*Financial crash is expected to hit the US within the next two years after US debt doubled to $21trillion over a decade and global debt hit $247trillion
*Student loans, auto loans and cheap money pulling economies out of trouble have been blamed for the predicted crash compared to 1929's Great Depression

To be honest I value the discussion on here more than such articles, but thought I would post for info / comment.

Linton

degs88 wrote: »

Further to the discussion regarding various commentators predicting the crash, there is an article on the Daily Mail (I know!) at the moment. Because I'm new I can't post a link but the headlines are as follows, I'm sure you could find the article if you want to and haven't already seen it.

Experts warn the next recession will be 'worse than the Great Depression' and predict it will hit US within two years as $247trillion global debt outdoes 2008

*Economic commentator Peter Schiff and Murray Gunn, head of global research at Elliott Wave International believe the next crisis will be worse than 2008
*Financial crash is expected to hit the US within the next two years after US debt doubled to $21trillion over a decade and global debt hit $247trillion
*Student loans, auto loans and cheap money pulling economies out of trouble have been blamed for the predicted crash compared to 1929's Great Depression

To be honest I value the discussion on here more than such articles, but thought I would post for info / comment.

Peter Schiff has made a career out of predicting imminent doom based on his prediction of 2008. Looking through Google I noticed the crash predictions of 2013, 2014, 2015 and 2016. One day he will be right again.

degs88

A point well made.

bostonerimus

Micheal Gove famously (maybe infamously) declared that "Britain's had enough of experts". I'd probably temper that sentiment by suggesting you assess the quality of the experts and any vested interests they might have before you take any advice. So when it comes to "financial experts" and their prognostications be vary careful as many are pure charlatans.....I'd put Schiff fairly high on the charlatan spectrum as someone with an agenda who likes the sound of his own voice........wait a minute, that sounds a lot like me.

schiff

bostonerimus wrote: »

Micheal Gove famously (maybe infamously) declared that "Britain's had enough of experts". I'd probably temper that sentiment by suggesting you assess the quality of the experts and any vested interests they might have before you take any advice. So when it comes to "financial experts" and their prognostications be vary careful as many are pure charlatans.....I'd put Schiff fairly high on the charlatan spectrum as someone with an agenda who likes the sound of his own voice........wait a minute, that sounds a lot like me.

For about 3.5 seconds I thought you meant me!