How much longer will this bear market go on for?

Type_45

BREAKING: The financial system 

MK62

Millyonare said:

A lot of people now have become addicted to "fear p*rn". They love the drama of saying everything will soon collapse and we're all doomed.

Fact is, the UK economy is on track to grow a healthy 3-4% in 2022. Everyone who wants one has a job. Wages are rising nicely. But that's not a narrative people want to hear. They want the EastEnders shouty drama buzz.

....so everything looks rosy for the UK then?

Type_45

And the rest of the world...

And HSBC....

sevenhills

MK62 said:

....so everything looks rosy for the UK then?

That is not what the value of my shares and the market is saying.
Chancellors and PMs don't resign for no reason, our leaders have taken the easy way out and now we are paying the price.

MK62

sevenhills said:

MK62 said:

....so everything looks rosy for the UK then?

That is not what the value of my shares and the market is saying.

It's not what most other indicators are saying either tbh......

Type_45

sevenhills said:

MK62 said:

....so everything looks rosy for the UK then?

That is not what the value of my shares and the market is saying.
Chancellors and PMs don't resign for no reason, our leaders have taken the easy way out and now we are paying the price.

We haven't begun to pay the price. Nothing has happened yet.

plumb1_2

Type_45 said:

And the rest of the world...

And HSBC....

And get ready to barter for food and fuel with cash

Type_45

plumb1_2 said:

Type_45 said:

And the rest of the world...

And HSBC....

And get ready to barter for food and fuel with cash

I'm as ready as I can reasonably be. 

The only concern I have is the money which will remain in the system. Eg, the cash in my S&S account and the stocks that I own. I'm hoping those don't disappear. But other than that, I'm done prepping.

MK62

GDP growth will slow to nothing, or next to nothing in 2023....... unemployment is forecast to rise in 2023......inflation is approaching double figures (already there with RPI), energy prices have just risen another c25% (on top of the >50%rise in April), despite government intervention (welcome intervention btw), equity and bond markets are well down, interest rates are rising fast.........few are saying this is all the Tory party's fault, but then along comes the new government, and well you know the rest. Trying to look on the bright side is one thing, but sticking your head in the sand and saying everything's fine, well I don't believe many people are buying that line at the moment. It may not be the end of things as we know them (unless a certain war escalates out of control - though let's not go there).....but the economic outlook is far from rosy atm.

_pete_

Type_45 said:

plumb1_2 said:

Type_45 said:

And the rest of the world...

And HSBC....

And get ready to barter for food and fuel with cash

I'm as ready as I can reasonably be. 

The only concern I have is the money which will remain in the system. Eg, the cash in my S&S account and the stocks that I own. I'm hoping those don't disappear. But other than that, I'm done prepping.

Remember, your health is the most important thing.

Please don't leave home without donning a full biohazard protection suit.