goldfinger
- 12 Jan 2010 20:42
Fred1new
- 25 Jan 2011 10:19
- 668 of 3532
Congratulations of to Cameron and Porky.
I wonder who they will blame for the economic results as we go through the coming year.
I suppose rain in spring. the sun in the summer and probably the wind just before the coalition crumbles in an election.
OK I forgot the previous government as per usual.
Only thing contraction is under 7mths of this motley crew.
Row Row Row
==================
I am glad I shorted SBT a couple of days ago.
Out of them now. BUT
Fred1new
- 25 Jan 2011 10:23
- 669 of 3532
Mind there is Osborne's Plan B.
Is that back to interest rates at 10% to stop inflation.
That should help house prices.
Back to the charts.
The Astrological ones.
Chris Carson
- 25 Jan 2011 11:55
- 670 of 3532
Sage (SGE) stop to entry 277.5 for hopefully risk free trade, trading statement tomorrow.
goldfinger
- 25 Jan 2011 12:14
- 671 of 3532
Good article here from the TMF...........
http://www.fool.co.uk/news/investing/2011/01/25/shock-fall-in-uk-gdp.aspx
Can see a head rolling this week, probably Vince Cable.
goldfinger
- 25 Jan 2011 12:16
- 672 of 3532
The worst thing about it is........ its come so soon and Vat, Unemployment,and benefit cuts havent even stirred yet. Its worrying, very worrying.
goldfinger
- 25 Jan 2011 12:35
- 673 of 3532
Whos for the chop later this week, Cable or Osborne. I see Balls is having a field day.
http://twitter.com/#!/MrKipper1
hilary
- 25 Jan 2011 13:19
- 674 of 3532
Nobody in government will get the chop and the poor GDP was predictable. GDP isn't about to show any significant improvement until the banks start lending again, and that isn't going to happen all the time they've still got undisclosed toxic debt on their books. That's no fault of the coalition and is the fault of Brown and Balls and the mess they left.
UK inflation (CPI and RPI) both lag sterling oil prices by between 6 and 12 months (6 months in an up-cycle as we're in right now), so with oil prices rising, inflation is unlikely to fall anytime soon either.
The MPC are clearly happy with this and are targetting GDP instead of CPI. The good news is that if rates don't go up and they print a few more squillion, then equities should continue to rise which is surely good news for most people here.
Stagflation is nasty, as everybody sees the real value of their money decline.
I suggest you get over it and be patient over the coming months while all those public sector employees lose their jobs and house prices fall by another 30%.
Fred1new
- 25 Jan 2011 14:22
- 675 of 3532
I am beginning to think this Government's attempt to work with escape clauses is wearing a bit thin.
Interests rates up over next 6mths. ? 3%.
Interesting.
Like to know what the tory plans are.
Perhaps, to leave the country.
goldfinger
- 25 Jan 2011 16:55
- 676 of 3532
Sorry Hillary cant agree with U mate before the world ression labour had spending under control. When Brown gave more power to the BoE he wasnt inviting them to help themselves.
Getting a bit thin now the torys blaming it back on Labour and the opinion polls are reflecting that.
goldfinger
- 25 Jan 2011 16:58
- 677 of 3532
Lets not forget aswell labour bailed the banks out should they have been let go the wall, and think of the consequences of that.
ptholden
- 25 Jan 2011 17:03
- 678 of 3532
GF
It took Labour just over 10 years to screw up a healthy economy and they left behind an utter and complete shambles. It will take more than 8 months to sort out the mess. Personally, I think letting one bank go to the wall would probably have been a good thing in the long run, rather than this tortuous process of waiting for them all to come clean. I don't really understand how the Labour party can try and claim the moral high ground and criticise the Coalition, when it was those same stupid w*ankers who got us into this mess in the first place, but that's politics for you!
hilary
- 25 Jan 2011 17:20
- 679 of 3532
Agreed, PTH. I certainly don't think the banks should have been bailed out either, and if they had been forced into disclosing and writing off the full value of all their toxic loans at an earlier stage, then the whole sorry business (at least in the UK) may have been over and done with now. It certainly wouldn't have been pretty, but it's got to have been better than a death by 1,000 cuts which is where we're at now.
You've just got to look at Spain where the banks are brimming over with repossessed properties on their books which they can't put on the market because it would cause a further property collapse and force them into accepting potentially fatal write-downs.
What really irritates me though is that governments around the world are blaming banks for the mess and threatening breakups and sanctions over bonuses, etc left right and centre, while they still expect those same banks to participate in bond auctions to pick up their own sovereign debt. If I were the boss of a major UK bank, I'd be telling John Vickers to stick his independent commission where the sun doesn't shine and tell him to buy a few billion pounds worth of sovereign debt himself if he wants to dictate what's paid in bonuses.
goldfinger
- 25 Jan 2011 19:29
- 680 of 3532
We we'l just have to diasagree chaps, I know this, I and a lot of people did very well out of the labour years and never had it so good.
cheers GF.
Fred1new
- 25 Jan 2011 19:58
- 681 of 3532
I suppose the Spanish Banks could set up business renting flats to British tourists if they can afford the rents. 8-)
I would like to visit some bank accounts in Dubai, Cayman isles. Swits and Austria. Might be interesting to do the accounts.
Told that more pressure of disclosure is being considered.
Fred1new
- 25 Jan 2011 19:59
- 682 of 3532
Buy the way should I go short or long to-morrow?
tyketto
- 26 Jan 2011 00:52
- 683 of 3532
Britain's debt.
Net deficit,including the bailout of RBS and Lloyds is
2,322,700,000,000, according to the ONS.
Equivalent to154% of the entire national output.
Evening Standard,25.1.11.
ThePublisher
- 26 Jan 2011 06:25
- 684 of 3532
"then equities should continue to rise which is surely good news for most people here."
And, as just said on BBC Breakfast (6.20), most of the FTSE profits are earned overseas where growth is generally better.
I've just back from a holiday in Laos where it is 8% !!
TP
goldfinger
- 26 Jan 2011 07:50
- 685 of 3532
Futures look promising. Lets hope they hold their strength.
On a seperate note, 'the worlds gone mad' anyone else think this Andy Gray thing has gone well over the top?. Im old fashioned and men were men at one time. Seems to me that the whole media scene is being dictated to wet liberals, womens libbers and Gays. Its pathetic.Nothing against any of that group but in a bit you,l be constantly looking over your shoulder in this country.
Chris Carson
- 26 Jan 2011 08:04
- 686 of 3532
Unfortunately Gray has given Murdoch the perfect opportunity to get rid in view of the fact that Gray is having the audacity to sue the News of the World, or am I being a tad cynical?
goldfinger
- 26 Jan 2011 08:09
- 687 of 3532
Good point Chris, yes well made.