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Bristle boy

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Everything posted by Bristle boy

  1. The cynic in me says QE is more about propping up the banks because the banks are sitting on huge amounts of bad loans on overvalued property. Many individuals are also sitting on huge piles of equity from the fake property boom created by the last Labour govts. What happened under Blair & Co was a govt sponsored property price scam - the QE will stop any further deterioration in the UK property market - this makes the UK mortgaged-property owner feel a little better, so we will still see stagnation. Printing more money doesn't seem to be the answer - but i don't know what is the answer - QE will devalue the £, oil prices will rise and we're in a doomed cycle - inflation, inflation, inflation. Well that's my take on it anyway
  2. Called this one right, anyway - better than my personal 'take' on shares - thought there were some bargains a few weeks ago - it wouldn't surprise me if we see a 4500 'floor' on the FTSE 100 over the next couple of weeks. Tread carefully! Good quality co.s, with strong cash reserves and paying top dividends will come out the other side over the next year or so - even if you invest today and their share price dips further, a longer term view will see you OK - just DON'T gamble with money you KNOW you'll need in the next few months or a year or so for a specific event - these are basic savings fundamentals. Tin hats and cool heads required.
  3. Superb article in The Telegraph today - well worth a read - and by "read" i mean read, not skim read. http://www.telegraph.co.uk/finance/comment/8780075/The-great-euro-swindle.html
  4. Yes, they were advised by one, John Prescott, to invest in Iceland! Not only did Labour's spendthrift ways leave us in such a mess, they also screwed up many councils balance sheets! Also Martin Lewis advised UK consumers to invest in Iceland bank savings - another financial amateur, who the masses follow!
  5. Is the Gold bubble about to burst? Update today - The price of gold dropped almost 6% by the end of the London trading session, a fall of more than $100. Gold stood at $1,770 an ounce, down from Tuesday's "fix", or end price of $1,876. During a volatile week for the precious metal, its price has fallen since topping $1,900 an ounce during trading overnight in Asia on Tuesday.
  6. Let the Libyans sort things out now - no British Troops/armed forces should go near the place - no bodybags with Brits in please.
  7. Not sure it's to do with the banks this time around - more to do with western govts spending what they never had in the first place! There are still plenty of strong companies out there, who are just sitting tight or expanding into less debt-riddled countries. Bargains to be had, at some point, for both private investors and the large institutions. One word of warning from me- Quality co.s' shares will become absolute bargains at some point soon - maybe worth snapping up - but market turmoil also provides the chance for 'stronger' co.s to pick up 'bargains'. You may pay a bargain basement price, only to find that a stronger co. makes a bid, and suddenly you're 'cheap' share become a takeover at a rock bottom price - result is that any quick profit you thought you'd get is gone because a co. has been picked up on the cheap!
  8. I bought some Aviva shares for £3.20 a share at the last 'bottom' of the market the other week, but i don't need the money for a long time so i'm not worried - good quality co.s, with plenty of cash reserves, profitable products and paying good dividends are a long term hold, in my view. In fact, i might be tempted to buy some more in the next couple of days. If you're playing with money that you might or know you'll need in the next year don't play - simples!
  9. I'm happier when i feel wealthier - Saturday afternoons if my horses boot home in first place one after another!
  10. Healthy profits generate real wealth - all can benefit in the long run
  11. Every bubble bursts at some point. Gold may be priced at its highest already - the 'herd' normally piles in to any stock, commodity or share when the bubble is at bursting point.
  12. Sorry to be so dismissive but the markets basically run the world - simples. Commodities- buying and selling - stocks & shares - company values - it's just a fact i'm afraid. Govts can do v little when fear sets in. Just sit and wait and have a beer!
  13. Is today the day that, finally, the truths about the state of the global economy and 'Financial Crisis 2' came home to roost? Update to my message of a couple of weeks ago - the US finally joins the 'party' or should that be wake?
  14. The "Rest of the UK" have never really been that far from the Centre - generally speaking we're a conservative nation with more liberal tendencies as the decades have gone by. We've never really voted for a true Left wing party en masse - the times Labour have ruled has been with a Centre-Left or Social Democratic stance (as per Blair's Labour). The times that Labour have drifted too far to the Left, and presented itself as a true Socialist party the "rest of the UK" have steered away - remember Foot's Labour in the early 80s? I'm not really sure this drift to the centre right is technically true - we just tend to veer between centre right and centre left. As long as Labour are not tempted to take a much more Left-wing stance (political suicide if they did, in my view) it's highly likely that they'll form the next govt. Unless the coalition, by some miracle, can pull consistent economic growth out of the bag - which i doubt v much. We're in a financial straightjacket at the mo and i believe we'll continue to see anaemic growth at best over the next few years - the global situ is ever increasing it's hold over the Western democracies.
  15. The whole Euro project has been a fudge from the very start. N European eurocrats embarking on a political mission to satisfy their ever fattening pompous egos! And to 'bribe' the S European nations & Ireland, handing out huge fat subsidies to 'improve' their infrastuctures like the roads and airports. in the meantime they promoted this Euro superstate on the world stage - it was never going to be a successful financial union - the economies of Euroland have never had fiscal commonality - doomed from the start. Now, these economies are constrained by the Euro straightjacket - no devaluation possible because they no longer have a sovereign currency. This is the biggest crisis facing the Western world - it's implications will be felt for many years to come - the crisis of 2 to 3 years ago will seem like a kiddie's tea party once the cyclonic 'financial crisis 2' winds blow in! Batten down the hatches - the Euro politicians have sold the people down the proverbial river! The dominos are starting to fall. And to think the UK media are still prattling on about some news paper scandal involving the Left's and Neo-Liberals pet hate - the Murdochs - small beer compared to this mega financial storm!
  16. The thing is though SS, if the City packed up and went abroad we'd be right in sh#t street! Those 'bad' people support whole swathes of the British economy and public services, benefits, etc through the vast amounts of taxation raised through their employment.
  17. I've been hearing this for many years, thru' successive Westminster govts of all colours, about short-changing the NHS - trouble is the vast majority of the UK electorate don't really understand some of the alternative solutions put forward (and nor do I) WHY? - basically, as soon as any UK politician dare mention reforms/changes to the NHS, the Left cry "Foul" and any changes, whether good or bad, get lost in the fog of non-debate and emotion. The NHS is a good example, where true, open, honest debate is stifled in this country because it's so 'precious' - but if one takes a logical view that something that was set up 60+ years ago really should be looked at to see if the original model is still working properly, then why not? I'm afraid it's the one big institution in this country that's become a political football- and in the meantime it just rolls on from one crisis to another. It probably does need reform - i've seen 2 sides of its effectiveness in the last few years - care of the newborn is superb, sometimes 2 midwives for every birth, BUT care of the elderly and infirm is not so good. Those 2 examples says to me that a serious reform needs to take place. I do not know the answers myself, but i'm not afraid for the debate to take place, and if solutions are proposed, then let's put them into action, instead of hiding behind the emotion that attaches itself to the NHS.
  18. Good morning! That's because they're the most relevant to this debate, so no need to say much else!
  19. A lot of taxes required to support your Cuban-Style Welfare State!http://nwstatic.co.uk/forum/public/style_emoticons/<#EMO_DIR#>/laugh.gif
  20. Agreed! We can still stay in touch with Scotland, as many many shrewd Scots already live and work in England & Wales http://nwstatic.co.uk/forum/public/style_emoticons/<#EMO_DIR#>/laugh.gif It also seems to me that Scotland (as shown on this forum) are a one-trick 'pony' - all the Scots on this forum go on about to support independence, is their abundance of natural resources - that's about it, as far as i can make out! As for a comment earlier by CMD - "Most people outside of the SE would be more than happy to join Scotland in a Northern Non-Tory UK" - i think you have a lot to learn about the political map of England & Wales - not one of your finest comments.
  21. Couldn't resist!http://nwstatic.co.uk/forum/public/style_emoticons/<#EMO_DIR#>/laugh.gif Haven't seen any polls, but i suspect it could poll higher here, because i think a lot of English are fed up with what they PERCEIVE to be whinging Scots, moaning about the English, whilst taking huge subsidies to fund the ever burgeoning Scottish Welfare State. So, maybe English people feel "Go on then, become independent, but don't come begging for our money afterwards, when your coffers run dry!" Just a PERCEPTION, i'm sure! For me, as i've said before, the Union is more of a sentimental issue - i think the UK has worked well over the years - The British Army, for example, would not be so highly regarded for its professionalism, effectiveness, etc around the world without all home nations being part of it. Compared to many countries around the world, including developed ones, we've been a model of stability (internally) in an otherwise crazy world. If you go back over the last 100 years, despite a diverse political environment within the UK, we've never embraced either Fascism or Communism - unlike some of our European neighbours. A simple everyday example would be this - we can all have a group of friends who may be quite opposite in political views, but once we sit down for a beer together we get on just fine - there are many countries where the hatred runs deep through all walks of everyday life. I'd be happy for the Union to continue for many years, but also fairly relaxed if Scotland decided it wanted to go its own way. Now back to my AC/DC Live at River Plate dvd - the better half is out with friends for the evening - sound on the TV cranked right up! Cheers!
  22. My take on this is that as England, Wales, Scotland and N Ireland(i think) are part of a Union at present, shouldn't all the 'home' nations have a say in any referendum on Scottish Independence? Just a thought
  23. Why should that be an excuse/reason? Anyway i found some stats on the Office of National Statistics (ONS) website - if anyone has ever had to use this website you'll know it's an absolute 'mare to find what you're looking for!http://forum.netweather.tv/public/style_emoticons/<#EMO_DIR#>/laugh.gif 900,000 extra public sector jobs between 1999 and Q1 2010 - same number roughly in private sector. Many of the private sector jobs are in retail and leisure and many of those are part-time.
  24. I don't know what people were expecting to be honest - v little room for Osborne to do much other than what we were told last time he delivered the 'emergency' budget - Brown & co. left the country in such a financial mess with no regard for the public finances. The most noticeable theme is that they're handing over the reigns of economic growth to the private sector rather than rely on the state for job 'creation' - thankfully!! Businesses create real jobs - the more incentives and favourable tax regimes they can operate in, the better for all - i've been lucky to have been with the same employer for 30 years+ now and if tax regimes and incentives make it easier for co.s to hire then all well and good. Good to see the tough decisions are being made in the early years - v sensible - let's get it on!
  25. Trouble is The West is damned if it does and damned if it does not - esp. the US - to be quite frank it gets right on my nerves how certain factions within the UK (usually the Guardian-types) have a go at our rulers and the US when action to these events is slow but then when we (or the US) do get involved we're then slated for interfering! Let the African/Arab countries sort it out. The whole continent(s) a basket case anyway when it comes to democracy.
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