How much longer will this bear market go on for?

Prism

Type_45 said:

Linton said:

InvesterJones said:

Type_45 said:

Sovereign debt is the real problem. How much debt is the UK in?

By that measure we're doing very well comparatively - £2,427.5 billion at the end of August 2022 - which is what's led to the Trussonics theory of funding growth by adding to it.

Also, 77% of the debt is owed to us (egUK pension companies) and we own a fair amount of other countries' debts.

Are these the same pension funds which were going to collapse recently so we printed more money and got into more debt to keep them alive so that they can pay our debts back?

Yes, however we didn't get into more debt as the government wasn't involved this time. As you suggest, the BoE created money to buy the existing debt which it now has to work out how to sell along with all the other debt it holds.

Type_45

Prism said:

Type_45 said:

Linton said:

InvesterJones said:

Type_45 said:

Sovereign debt is the real problem. How much debt is the UK in?

By that measure we're doing very well comparatively - £2,427.5 billion at the end of August 2022 - which is what's led to the Trussonics theory of funding growth by adding to it.

Also, 77% of the debt is owed to us (egUK pension companies) and we own a fair amount of other countries' debts.

Are these the same pension funds which were going to collapse recently so we printed more money and got into more debt to keep them alive so that they can pay our debts back?

Yes, however we didn't get into more debt as the government wasn't involved this time. As you suggest, the BoE created money to buy the existing debt which it now has to work out how to sell along with all the other debt it holds.

Creating more money with inflation running at 10% in order to buy our own debt to stop our pension funds collapsing doesn't sound very reassuring.  It sounds like the whole house of cards could come crashing down at any second.

Max68

Investments nosediving big time today, lowest point since March 2020.  I know the consensus usually is sit tight but this is all unusual, is it better to take and run before things totally collapse or try and ride out the storm?

Type_45

Max68 said:

Investments nosediving big time today, lowest point since March 2020.  I know the consensus usually is sit tight but this is all unusual, is it better to take and run before things totally collapse or try and ride out the storm?

Most things look green.  What's nosediving?

Max68

Type_45 said:

Max68 said:

Investments nosediving big time today, lowest point since March 2020.  I know the consensus usually is sit tight but this is all unusual, is it better to take and run before things totally collapse or try and ride out the storm?

Most things look green.  What's nosediving?

My mother has investments with a well-known investment firm.  I'm POA.  After picking up a bit in August since mid-September bar a slight pick up a week or so ago they have nose-dived last few days.

Aylesbury_Duck

Jeremy Hunt as chancellor.  A sort of quasi-Kwarteng, perhaps?

Prism

Max68 said:

Investments nosediving big time today, lowest point since March 2020.  I know the consensus usually is sit tight but this is all unusual, is it better to take and run before things totally collapse or try and ride out the storm?

This isn't anything unusual - happens all the time and is sometimes much worse and for much longer. Ride it out if the time period is long enough

Alistair31

Aylesbury_Duck said:

Jeremy Hunt as chancellor.  A sort of quasi-Kwarteng, perhaps?

First out at the leadership election. Unpopular all round. What a clown show. 

The Conservatives deserve everything they get, or don’t get, at the next election. 

Type_45

billy2shots said:

Type_45 said:

Nebulous2 said:

VWRP still higher than I paid for it in mid-June. 

Today will hinge on US inflation figures....... 

Any update on this, please? 

Yes the 'market' is soaring at the time of writing. 

3% swing (-1% to +2%) in half an hour this afternoon for the S&P500

Any update on this, please?

GazzaBloom

Here he is, back again like Wile E Coyote..."meep meep"