Alton Towers feeling

Gorgeous_George

Anybody else think that the roller-coaster has been cranked to the hilt and the ride is about to start?

DON'T.......LOOK.......DOWN!

GG

merlinthehappypig

Gorgeous_George wrote: »

Anybody else think that the roller-coaster has been cranked to the hilt and the ride is about to start?

DON'T.......LOOK.......DOWN!

GG

Not quite yet, I think. Wait until the Nationwide and so on go into year on year negative before things really get serious.

Too many people believe the sort of nonsense the Express was spouting last week and think prices are still going up, albeit at a lower rate.

Paul_N_4

merlinthehappypig wrote: »

Not quite yet, I think. Wait until the Nationwide and so on go into year on year negative before things really get serious.

Too many people believe the sort of nonsense the Express was spouting last week and think prices are still going up, albeit at a lower rate.

This is what a 50 year old, usually quite financially aware, guy at work said to me when I showed him an article online regarding Nationwide's 1.1% yoy HPI results for March.

He said "it means house prices are still rising, just by a lower amount" :rolleyes:

EdInvestor

...but the markets today were more positive on the credit crunch than they have been for 9 months.

nelly_2

the highest ride in alton towers is oblivion with a 180 foot drop

with that in mind check this video out I made in a couple of years ago

its 456 foot high

http://www.youtube.com/watch?v=A1ZAFld65BQ

carolt

Mmm, what day do do the next set of Nationwide figures come out?

Anyone know?

We could have a mse teddy 'bears' picnic to celebrate, or something....

Sorry, naughty me, just trolling....

carolt

EdInvestor wrote: »

...but the markets today were more positive on the credit crunch than they have been for 9 months.

WHERE, precisely?

Links please?????????????

borntobefree

World Stocks Rise as Fear recedes

European and Asian stocks rose on Wednesday as investors hoped that the worst of the credit crisis may be over.
Strong demand for a Lehman Brothers share offering, despite fears it could face similar problems to troubled rival Bear Stearns, boosted confidence.
BBC news - Business section 8.24

Not quite time to party yet:D

WTF?_2

borntobefree wrote: »

World Stocks Rise as Fear recedes

European and Asian stocks rose on Wednesday as investors hoped that the worst of the credit crisis may be over.
Strong demand for a Lehman Brothers share offering, despite fears it could face similar problems to troubled rival Bear Stearns, boosted confidence.
BBC news - Business section 8.24

Not quite time to party yet:D

At the start of this crisis, experts put likely losses as between $400-$500bn and the G7 leaders certainly seemed to think that it could bedouble that ($800bn, £400bn) recently. (from Reuters)

http://uk.reuters.com/article/paperTips/idUKPTIP10096120080211

Mon Feb 11, 2008 8:10am GMT
Sub-prime credit losses forecast to reach £400-billion, by G7 leaders.


Currently, $232bn have been disclosed, according to Bloomberg:

http://www.bloomberg.com/apps/news?pid=20601208&sid=an2o_RDeA.9A&refer=finance

April 1 (Bloomberg) -- The following table shows the $232 billion in asset writedowns and credit losses since the beginning of 2007, including reserves set aside for bad loans, at more than 45 of the world's biggest banks and securities firms.


That leaves an awful long way to go.


As a side note, isn't it great to see that the head of the Fed, currently running a policy of spinning the printing presses up to bail out his Wall Street chums and being hailed as the saviour of the financial world, was ahead of the game? Quote from Reuters:

http://www.reuters.com/article/ousiv/idUSN1933365020070719

Thu Jul 19, 2007 3:50pm EDT
WASHINGTON (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke said on Thursday that subprime mortgage losses could hit $100 billion

Thank God the experts have got a handle on this, eh?

Coming next - massive inflation as Ben's newly printed money works its way into the markets. Bubbles never re-inflate so where will it go? The thinking at the moment seems to be aready inflating bubbles in soft commities (ie Food) and energy (Petrol, heating oil, gas). Whoopee!

Just think, soon we might all be able to boast to our neighbours or mates in the pub how much more our pantry portfolio is worth since we bought the food.