How much longer will this bear market go on for?

Type_45

All eyes on Credit Suisse...

billy2shots

sevenhills said:

billy2shots said:

Now we just have one giant echo chamber and it's getting boring now. 

Following currencies is now something I do, but your postings seem rather politically biased.

Because I look at the facts rather than follow the herd?


I couldn't care less who runs the country. I'm happy to praise any party and criticise all.

I think it's a rather simplistic reply to accuse someone of political elegance rather than pick fault with the actual subject of the post. 

I don't think the UK is in a much worse position than the rest of Europe or many places around the globe regardless of people on here and in the main stream media losing their mind and acting as though we are. 

If that makes you feel like I am politically biased then I can't do anything about that. 

Wrong I could very well be, but not blinkered by support of any particular party. 

MK62

billy2shots said:

MK62 said:

The sudden and dramatic drop at the end of Sept strangely coincides with the announcement of Mr Kwarteng's mini-budget, but I've been assured by senior members of government and the treasury that this is purely coincidental and was actually caused by global factors.....

Last week.                   YTD

Europe -7.4                 -28.7

France -8.0                 -29.1

Germany -7.2              -36.8

Italy -7.7                    - 31.0

Japan -1.5                  -22.5

Spain -8.0.                 -22.7

Switzerland -6.0.      -26.1

U.K. -7.3                    -19.2

When do we stop pretending this is a UK thing?

Nobody is pretending it's just "a UK thing", but then nor are many people pretending that last week's market movements (not just equities but bonds and forex too) and subsequent BoE intervention, were all down to "global factors", were nothing to do with the "mini-budget", and so would all have happened anyway, even if the chancellor had announced nothing.

BTW, nobody is claiming that it was all down to the mini-budget either......but are you saying it had no effect at all?

MK62

billy2shots said:

sevenhills said:

billy2shots said:

Now we just have one giant echo chamber and it's getting boring now. 

Following currencies is now something I do, but your postings seem rather politically biased.

Because I look at the facts rather than follow the herd?


I couldn't care less who runs the country. I'm happy to praise any party and criticise all.

I think it's a rather simplistic reply to accuse someone of political elegance rather than pick fault with the actual subject of the post. 

I don't think the UK is in a much worse position than the rest of Europe or many places around the globe regardless of people on here and in the main stream media losing their mind and acting as though we are. 

If that makes you feel like I am politically biased then I can't do anything about that. 

Wrong I could very well be, but not blinkered by support of any particular party. 

Without getting into a debate over party politics (btw, I'm also political party agnostic), criticism of the government over policy and the method of introduction, does not necessarily imply support for any opposition party, or that the person being critical is blinkered by support for a political party. Several current Conservative MPs, and former Conservative government ministers have also voiced criticism, but I doubt they are closet Labour or LibDem supporters (or any other political party).

As to people "losing their mind", well if disagreeing with government policy, and/or it's timing, and/or it's effects, means someone must have lost their mind, then I guess a sizeable percentage of the UK adult population have done just that.

billy2shots

I agree that the mini budget has ramped things up, i am just fed up with certain parties (not necessarily here) acting like it's the thing that has flipped the switch, totally ignoring the year to date and what's going on around the world. 

Just watched Gogglebox and even that spent 5 minutes on the subject. 

Everyone in this thread will keep a close eye on what's happening in the financial world. Most of the general population won't. The MSM and now even entertainment shows will have them convinced the UK has gone to pot in the last week Leaving the global outlook unmentioned. 


Again, all political parties should be questioned from within and by the general public. I am not disputing that, I just find it a tad childish to accuse someone of political bias because the accuser disagrees with the points being raised. 
They made a point about currency, I answered, they didn't like it so retorted with the lowest form of reply. 

As for disagreeing with the government. That's perfectly natural. This last week has been more than that. We are a pessimistic nation in general, glass half empty folk. This last week has been something else though. 

Would the governments plans fail without the negativity? Probably. Will they fail with the sentiment in the air? 100% they will. They won't be given a chance to see how they fare. 
 

Type_45

Credit Suisse and Deutsche Bank on the brink.

wmb194

Type_45 said:

Credit Suisse and Deutsche Bank on the brink.

Do you have any links? I'm not finding anyone worrying that they're either on the brink or that they pose systemic risks at the moment. CS apparently needs/wants to raise $4bn in capital to enact its restructuring plan but if this is really because it's on the brink for this amount no doubt Switzerland could shore it up if necessary.

daz378

I'm also  trying to be politically objective...but the mini budget was presented  half baked and the piranhas in the markets smelled blood...the proponents of trickle down...would say by those who benefit from the current system...I.e were we to become Singapore in Europe...one economist on TV  forgot his name...said obstructions to the perfect market....just hope it settles down

RyanHello

Cheap borrowing and low interest has caused an over inflated housing market.
Sooner or later the rates had to go up. 

I'm shocked at how financially illiterate the UK population is

GSP

RyanHello said:

Cheap borrowing and low interest has caused an over inflated housing market.
Sooner or later the rates had to go up. 

I'm shocked at how financially illiterate the UK population is

Agree, and they are still too low.

We also need to build hundreds of thousands of homes as well.
In the eighties when people were allowed to buy the council homes they had been renting, for each one sold a new home should have been built.