Tuesday, Mar 18, 2008
Where
Times: Find the silver lining during the downturn
This has to be the worst list of "how to profit from the downturn" ever conceived by man. Highlights include:
* Buy shares in banks
* Spread bet on the stock markets
* Buy a house at auction
Read the comments for a bit of sanity.
Posted by night @ 01:23 PM (294 views) Add Comment
2 Comments
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1. Letthemfall said...
Buy bank shares, says Hargreaves Lansdown. In fact buy what you like; just keep our commission rolling in. I bet many are wishing they had bought Bear Stearns; they were cheap.
Spead betting: "an economic downturn is prime time to indulge in spread-betting", says James Parker, of ODL Markets, the spread-betting company. Brilliant. Just bet your savings on a sure-fire winner and you'll be quids in. James, the spread-betting company man, thanks!
Buy a house at auction: with prices at record levels, record debt, credit implosion, teetering house prices, this just has to be a sensible move.
Well done, the Times. The Blunderer does it again. When finished reading, please attach to hook on outhouse door.
2. p. doff said...
Yep, TV news and mainstream press are now pushing the virtues of buying gold. Is this the latest VI con where the sheeple are hoodwinked en masse to buy into the 'next big thing' only to be fleeced further down the line?