£1500 a day, doing what, is that yourself ?

And we get you for free, lucky us

I managed £400 a day for a while, dont do bad now but miss the disposable.

At least the FTSE made a bit of a rally today, its like a bleeding Rollercoaster at the moment.

 

I'm all for libertarianism Pete, but by that token a government should not be running massive deficits, or using policy to promote house price booms.

Anyway in a democracy a government does lead, it is different from a mobocracy where the government follows at the heels of a mob roiling in emotions and need.

 

Short covering!

 

Crazy volatility ATM.

 

Lean Six Sigma Black Belt work .... saving £Millions in processes.

You are lucky ................

 

Classic trait of a bear market

 

Well he calls a spade a spade that's for sure

I think I know what he is getting at when at the very end he says millions of people will see their savings disappear, but what is your take on what he means by that?

Thanks

 

He means the stock market will undergo a massive correction down.

 

Ok, so he didn't mean a massive erosion of the 'value' of cash?

 

+

=

 

Those with cash =

Those without cash =

 

+ =

 

Looks like that "independent market trader", Alessio Rastani, is cooking up a real stinker since his broadcast on the BBC!!

 

Probably more speculation....

Unconfirmed summary THE SECRET PLAN HOW TO SAVE GREECE “EURECA” - "EURECA" exists and has been developed by consultants with the government of Angela Merkel led by Martin Wittig (CEO Roland Berger). The plan is apparently divided into six main phases

:



1) Greece confine all of its public assets (banks, real estate, telephone,

etc.) I a commo structure (assets estimated: 125bn EUR) (similar to what has

happened with “Treuhand” in the early 90ies with eastern Germany companies)



2) This structure is purchased by a European institution and financed by

states. The organisation would have a privatization responsibility with a

deadline in 2025.



3) The 125 billion euros are released to Greece to buy back its bonds to the

ECB and EFSF, which has the immediate effect of reducing the 88% debt / GDP

ratio, rather than 145% today.



4) This European institution invests 20 billion euros in restructuring

segregated assets to increase their value by about 50 billion euros. This

injection money could put the country back to path growth.



5) Privatization transaction were unwound in 2025. If these operations emit a

profit, it is paid to Greece, net of interest and management fees.



6) This plan wiped out the gains of speculators who do not believe in saving

Greece and the euro area and betting on a collapse of the Greek bond prices,

but also Spanish, Italian and Irish and who will have lower spreads CDS.

 

Greece have announced that in order to assist with the imposed austerity measures, they are ceasing all production of taramosalata and humous.


The goverrnment said it was a double dip recession.

 

Sept. 28 (Bloomberg) -- Greece will find it “impossible”
to get back on its feet even after the country implements
austerity measures and it is inevitable that Greece will have to
leave the euro-zone, Otmar Issing, the former chief economist of
the European Central Bank, was quoted as saying in an interview
with Stern magazine published today.
He said Greece needs a debt haircut of at least 50 percent,
according to the magazine.

 

only 1500 a day ? that's chump change. you need to get your act together.



Fred G

 

http://www.bbc.co.uk/news/business-15090761

*sigh*

 

I certainly blame NL for the dregs of an economy which they left us with in the face of the recession and when they ducked out of any kind of regulation of their greedy banking mates thus encouraging the recession anyway, but don't get the idea that I reckon that the media comes out of it deserving any kind kudos either.

Les

 

All very well come up with those outlandish claims for all that cash you tell us that you were putting away. You may have been far more fortunate in your position than most on this forum.

All I can remember is the bloated and feckless borrowing by NL and the encouragement for people to borrow to ridiculous limits on their plastic doubtless thinking it would be easy to keep up with the repayments.

Luckily being on a pension discouraged me from going over the top like that, but then I have never been that way inclined anyway.

We are left in the remains of a recession with a destroyed economy and the likelihood of another recession to come. NL also signed us up to support the Eurozone just as they were about to lose power which they knew at the time. What kind of a dirty trick was that? What is your take on that Pete-would you have tried to destroy the country by saddling it with that kind of a commitment?

I would like to see your justification for all of the above!

Les

 

Les ... it doesn't matter now - the Germans have just agreed to bail the EuroZone out of its plight

Who would have thought, in 1945, that Germany would be the powerhouse it is now?!

Good on them!

 

Off the back of the German vote, equities and EUR ticked down, fixed income tick up......market seems to think otherwise!

 

Why is gold still dropping ?

Is everyone wanting cash/shares instead ?

 

No, it's mainly because Germany have agreed to finance Greece, and have been expected to for about a week now. Hence the world has been saved for a bit longer. German bond yields are off the lows to reflect this. If Greece does default, as many predict it will, i'd expect gold to shoot right back up again.

 

http://www.youtube.com/watch?v=YtjbZl6ZwkQ

 

I bet the German government is really popular at home now!

Les

 

They have certainly done well alright.

How long before it is our common language I wonder?

Les

 

I hate society

I hate the government

I hate the way the world works

I hate they way a mojority of the people in the world act

I hate that I act like them myself

I just hate it all

I'm off to live in the woods with my tinfoil hat on so I dont need to partake in this joke that is called 'society'

 

I feel like that fairly regularly. The missus and I have talked about getting a small-holding somewhere and only having a television for films. Alas, I think curiosity would end up getting the better of me.