How much longer will this bear market go on for?

snarffie

Type_45 said:

masonic said:

Type_45 said:

Interesting tweet by Tobias Ellwood MP saying "the free market experiment is over" and "the reset begins" as he endorses Sunak for PM.

Any ideas as to what that might mean?

Probably that conspiracy theorists are going to try to attach spurious subtext to individual words in that statement.

What does "the free market experiment is over", coming from a Conservative MP, mean to your non-conspiratorial mind?

Others have since answered your question above. Do you now understand?

aesthetic

Type_45 said:

Politics is but a Punch & Judy show to provide the illusion we have a say as we are kept placated with bread and circuses.  But I will say this:

It's sad how history remembers certain people.

The UK is bankrupt.  The house of cards is about to fall.  We are overcome with a sovereign debt crisis.  Truss didn't stand there like a deer in the headlights.  She tried to do something.  Tried to change course.  Her actions unfortunately pulled back the curtain of the debt crisis monster lurking behind.  We all know it's there but Truss unwittingly shone a light on it and the house of cards almost fell in an instant but for the magic money printer whirring into action yet again.

Chamberlain is another.  A hero who did everything he could to avoid another ruinous war.  He should be remembered far more kindly than he is.  

I love how you talk with such conviction and authority whilst having absolutely no clue what you are talking about whatsoever. It really is fascinating.

DoublePolaroid

aesthetic said:

Type_45 said:

Politics is but a Punch & Judy show to provide the illusion we have a say as we are kept placated with bread and circuses.  But I will say this:

It's sad how history remembers certain people.

The UK is bankrupt.  The house of cards is about to fall.  We are overcome with a sovereign debt crisis.  Truss didn't stand there like a deer in the headlights.  She tried to do something.  Tried to change course.  Her actions unfortunately pulled back the curtain of the debt crisis monster lurking behind.  We all know it's there but Truss unwittingly shone a light on it and the house of cards almost fell in an instant but for the magic money printer whirring into action yet again.

Chamberlain is another.  A hero who did everything he could to avoid another ruinous war.  He should be remembered far more kindly than he is.  

I love how you talk with such conviction and authority whilst having absolutely no clue what you are talking about whatsoever. It really is fascinating.

David Dunning and Justin Kruger would approve of this comment.

Type_45

Gilts are the new tulips.  

Malthusian

Said the crypto investor...

Prism

Type_45 said:

Gilts are the new tulips.  

Assuming you mean that they are in a bubble, then the good news for those buying today is that they have already fallen heavily and the bubble that has been building over the last 15 years or so seems to have been well and truly burst already.

Type_45

Gilty pleasures.

InvesterJones

Type_45 said:

Gilty pleasures.

What do you mean?

Type_45

Millyonare said:

Steve182 said:

sevenhills said:

Millyonare said

UK economic stats look pretty good.

National UK state debt is just about the lowest in the entire G7 world group.

This was our debt compared to the G20 countries in 2021, things have got worse since then, UK debt GDP is now 99.6%

It would no doubt have grown higher than 100% if our new PM clown had got her own way. Interesting that the USA is so high.  

UK debt is the 2nd lowest in the whole G7 in 2021/22. Debt is forecasted to go even lower, to 71%, by 2027.

Truss's tax budget added a miniscule 1-3% extra to that state debt (perhaps less). It was totally affordable.

But that is not a narrative people want to hear.

Who to believe?

sevenhills

Type_45 said:

Millyonare said:

Steve182 said:

sevenhills said:

Millyonare said

UK economic stats look pretty good.

National UK state debt is just about the lowest in the entire G7 world group.

This was our debt compared to the G20 countries in 2021, things have got worse since then, UK debt GDP is now 99.6%

It would no doubt have grown higher than 100% if our new PM clown had got her own way. Interesting that the USA is so high.  

UK debt is the 2nd lowest in the whole G7 in 2021/22. Debt is forecasted to go even lower, to 71%, by 2027.

Truss's tax budget added a miniscule 1-3% extra to that state debt (perhaps less). It was totally affordable.

But that is not a narrative people want to hear.

Who to believe?

A bloke posting on the internet is not a good source for information, do your own research.