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Looking at it all there's a huge wobble going on, Barclays have dropped nearly 50 pence a share in recent weeks, Lloyds well under 60p a share again, Osborne has sacked Governments sale of their remaining stake due in March/April. Credit Suise publicly claiming not to be in trouble
Are we back on the brink?
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Banks and Global recession. on 23:05 - Feb 10 with 5079 views
We never left the brink. All the systemic problems that caused the crash and every other economic problem for the last 30 odd yeras went unchanged. All we did was oversee the largest transfer of wealth (from the 99% to the 1%) in history in order that they could pay themselves their bonuses.
All the graphs were pointing up, but it was false growth driven by banking salaries recovering. Most people in the UK are worse off than before the crash be it through wages freezes, un or under employment, benefit cuts (which put money back into the economy and are as much a safety net for economic demand as peoples well being) and the erosion of job security which has severely stymied growth because their is no real demand in the economy. We continue to preside over a house of cards consisting of an overly financialised economy and house prices that artificially create the illusion of wealth by choking supply.
Except since the national debt has doubled since Osbourne became chancellor and he's already firesold most of the states assets, we won't have the liquidity to save the system again.
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Banks and Global recession. on 23:33 - Feb 10 with 5014 views
it is a little bit depressing that if I have any hope of progressing past the brink i'll have to leave the country but I suppose that's what *we* all voted. As long as we don't leave the EU i'll be alright really. Central Europe beckons.
after all, it would be nice to have a house after the age of 40.
“The thing about football - the important thing about football - is that it is not just about football.â€
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Banks and Global recession. on 04:59 - Feb 11 with 4818 views
over 10 days £35bn wiped off shares and very little in the media all refugees and cameron telling us all how great it is!! oddly coincides with cheaper oil prices!
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Banks and Global recession. on 07:49 - Feb 11 with 4698 views
Funny you should say that. I sold about a quarter of my portfolio when stock market was above 6000 as I couldn't see how the economic picture was matching share price growth. Been dipping my toe back in again now the level has dropped below 5700, but still being cautious to avoid catching a falling knife. Reckon there is quite a bit of volatility due this year as reality bites. But certainly feels like the time to look at investing monthly in some sectors if you have a 5 year plus time horizon.
Personally avoiding property as that looks bubble territory. Trying to pick a few select areas where the market has probably overreacted, so bit of technology investment trusts and few emerging markets funds. On UK looking at few small and mid cap funds, but using Fundsmith, Lindsell Train and Invesco Perpetual Income funds as core holdings to build around, along with a couple of global investment trusts like Scottish Mortgage and Witan.
As for financial sector, agree that banks don't look great options in the UK at the moment, though lloyds could be worth a punt given its returning to dividend territory and seems to have largely cleaned out its mess. Probably looking at insurance companies as being a better shot as they will be brought down by general sentiment, but are by and large profitable.
Never knowingly understood
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Banks and Global recession. on 09:43 - Feb 11 with 4615 views
Looking at America it seems the 99 per cent are fed up of conventional politics with votes for Trump and Sanders in New Hampshire. Europe seems to have a growth of the far right with problems blamed on immigration. The Tory parties move to the right will appease voters in Britain but will possibly see a far right party in power in Eastern Europe in the near future.
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Banks and Global recession. on 09:51 - Feb 11 with 4599 views
Not saying it is trigger to sell property, but the current valuations look excessive as an investment with limited upside. There is an argument around commercial property and some specialist niches, but general residental property doesnt look a great investment. Remember to that anyone with a mortgage is already exposed heavily to residential property so additional invesment in that area makes less sense.
Never knowingly understood
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Banks and Global recession. on 10:24 - Feb 11 with 4512 views
Well, the good thing is that we can always reduce interest rates to stimulate the economy.
Oh, hang on...
The worrying thing is that all of the major economies work on the same basic principle - borrow to buy aspirational things that (in most cases) we don't really need. That's capitalism for you!
Speaking as someone who deals with property, I am worried that a lot of areas are very over-valued (particularly in and around London), but equally I don't think we'll see a sudden collapse in prices - more of a levelling off.
"Thank you for supporting Queens Park Rangers Steep Staircase"... and I thought I'd signed up for a rollercoaster.
Central banks' obsession with interest rates over ever other economic lever has been a big cause in choking wages and thus reducing overall demand.
I do agree on London property though. It is a complete bubble (and people in the know have told me that Chinese investors are dumping their London investments as fast as they can) but paradoxically supply has been choked so hard over the last 40 years that I can't really see them crashing until the whole caboodle goes
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Banks and Global recession. on 10:54 - Feb 11 with 4438 views
Robith is right. But I don't think the market has topped out yet. There's one last hurrah to come. The S&P will bottom out between 1750-1800. Then a strong push upwards to new highs in the 2200s. So another year of gravy to come. But then I'm expecting a long term slow and steady decline. At least that's what long term elliot wave counts are showing and they've been correct so far.
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