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Crash Buyer

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Posts posted by Crash Buyer

  1. Fed day was far too orderly. Same goes for the regulation Greek drama.

    A good tell would be market panic as the top BBC news story. I wouldn't mind a 1929 chart or Hindenburg omen well placed in the trading blogs too.

    However I agree this has been a reasonable dip to date, just a bit more drama and I'm in.

  2. 1. The rich can never get enough. They are scared people.

    2. For them the poor can never be quite poor enough.

    I think that sums it up!

    Well said. Immigration is a tool that has been used for many years by the rich to suppress wages enabling them to make higher profits. Conveniently the media which is owned by the rich then blames the immigrants for all the country's problems. Meanwhile the rich are laughing all the way to the bank, as usual.

    Divide and rule.

    We'll never leave the EU, we just will not. There is only one party in which it is a palatable option and that's UKIP who will fizzle out of importance over the coming years.

    This is how it will pan out. Cameron will campaign to get changes through EU that will put him, and it, in a better light. The EU will feel they have to, as otherwise it gives a strong rallying cry to the No EU camp. So Cam will get some very unimportant changes through that will paint him in a good light, he will blow his own trumpet, he will state he's changed it (remember Osborne and the EU repayment that wasn't?). He can't stop the open borders, that's inviolate and part of the reason it was set up, but he will get his benefit changes through, not the NHS though.

    So, once Cam has enough ammunition in the bank, he will then go to the polls and the sheep will listen to him stating the changes have been made, it's better for us now; the large corporations will call company meetings to scaremonger their employers to believe they will leave if we leave the EU and the press will go into hyperdrive. Look to the last GE to work out how that will go.

    Then we'll be in the EU for many more years before the next crisis.

    I agree. The corporate pro-EU propaganda and manipulation of public opinion has already started. Apparently every multi-national will pull out of the UK overnight if we don't vote to stay in.

    Contrast with the media's total silence over TTIP, which has bypassed the thin facade of democracy and it being rubber stamped by politicians for their corporate masters.

  3. Even if you have a high tolerance for losses I agree with RK that you should consider a bear market indicator to get you out of the market. If you haven't faced big losses before there is the risk that 'they' will "scare you out or wear you out". If you have faced them down before then you should be fine of course.

  4. ...everyone is aware it is a tight majority ...elections in the future with all the new emerging parties may well see large majorities as dreams in the past ...the star turn outside of the SNP was the growth of UKIP, while the Greens are making ground........if Labour think Tory gazing is their main focus going forward they are in for a major loss of seats next time....with the SNP and UKIP added horrors to haunt them ..the Labour lefties are out of date right now and need to think again..... :rolleyes:

    The Tories demonstrated their capacity for infighting over Europe under Major. This has not gone away, its the reason Cameron promised a referendum. They are going to self destruct over this again. Their only hope is that Labour makes another poor choice of leader.

  5. The Tories should be slightly worried by this result. With a popular leader and the benefit of incumbency they managed 331 seats. By comparison Blair managed nearly 100 seats more in his second election in 2001.

    They have not managed a decent working majority since 1987 with Thatcher. Cameron couldn't even match Major's majority

    The only positive factors they have are the boundary review and Labour's poor selection of leaders. If Labour elects a white Anglo Saxon protestant the Tories are screwed.

    Major's bastards are already lining up and the Tories will destroy themselves over the EU referendum. As Cameron will not serve a third term, someone like Boris Johnson leading in 2020 would be the final nail in the Tory coffin.

    This was only a good result against existing expectations. The tail will soon wag the dog.

  6. If we are looking for a collapse in the REAL economy then we already have one much closer to home in the southern Eurozone. I think this is more likely to be the big story this year than Russia, which IMO was last year's story.

    The massive ruble depreciation makes exports cheaper so a lot rides on Russia's ability to both diversify away from oil (something it hasn't managed yet) and also develop import substitution. The oil price will also recover once marginal producers are eliminated.

    These options are not even possible for Greece in the Eurozone. Just more crushing austerity from the bankers. This is just the start of the end for the Euro project. Only a core will survive.

  7. And I thought that the civil war was caused by the iron fist style rule of Saddam; who was called Butcher by local Shia and Kurds (80% of population) ...

    Perhaps you should tell Shia and Kurds to their faces, how Saddam was a good guy and they should not execute him ...

    As I said, who put Saddam in power? The CIA, who therefore are directly responsible for his actions. As the many other dictators they support e.g. Saudi, Qatar, Kuwait. Maybe you support them too as the Yanks are silent on their crimes.

  8. you know there was a civil war Shia vs Sunnis; caused by Saddam the Butcher iron fist rule of 30 years ...

    it looks like Putler's and your only policy is to support dictators so you can sell them arms ...

    Are you serious? The civil war was a direct result of the US invasion. There was no civil war before 2003. Have you been asleep for the past decade?

    Saddam was installed by the CIA. When he stepped out of line over Kuwait they got rid of him.

    The US is the world's leading supporter of terrorist states and dictators in Saudi Arabia, Qatar, Kuwait etc who created ISIS and are recipients of vast amounts of US weapons.

  9. Yeah, well I wonder about that a bit. Plenty of new car sales done on the basis of a future car sale or an improbable balloon payment being made to get off the treadmill, so the supply is unquestionable.

    But, with ever increasing complexity and potential for large bills from any number of items discussed at length on these boards and elsewhere (DMF/DPF/DRL etc etc) I'd be unsurprised to see the average economic life drop too, although I've no data on that.

    On your last point, I'm not sure if its still the case but there used to be a thriving trade exporting old cars to Eastern Europe. I suspect the rise in the economic life of cars is linked to the massive drop in real wages reducing this living standards abitrage as well as improvements in reliability.

  10. SMMT ‏@SMMT 26m26 minutes ago

    NEW: 2,476,435 new cars registered in 2014 - up 9.3% and the biggest year in 10 years: http://www.smmt.co.uk/2015/01/uk-new-car-registrations-december-2014 via @SMMT

    • 2,476,435 new cars registered in the UK in 2014 the most in a calendar year since 2004.
    • Year was fourth-largest of all time; only 2002, 2003 and 2004 saw more cars registered.
    • 2014 market grew 9.3% over the previous year, ahead of the EU average of 5.7%*.
    • UK remains second largest market in EU (behind Germany and ahead of France, Italy and Spain), and recorded second-largest growth of these top five EU markets.
    • Every month in 2014 saw an increase, with Decembers 8.7% rise the 34th consecutive month of growth.
    • Huge growth for plug-in car market, which saw volumes quadruple from 3,586 in 2013 to 14,498 in 2014.

    The car market is massively cyclical. In a couple of years these will be used cars and residual values will adjust accordingly, helped by the PPI decline. The industry can't hide from the huge wave of future used car supply this represents.

  11. Your figures seem similar to my own. Previous two cars cost £3600 and £3300 and after five years each I got back £800 and £500. I aim to be paying/deprecating at about £50/month and it's worked so far.

    Current car is 1y3m in and cost £3000, I see no reason why it won't be similar.

    I use this approach too. It helps if you are not a badge snob (as German cars have lower depreciation sue to sheeple demand). Personally I hate German cars, probably because I don't want to be one of the herd and would much rather run, say, a Ford or Toyota (better reliability).

    According to the annual British Car Auctions market report, the average car now lasts 14 years - cars are much more reliable than they used to be.

  12. Let's see where are the real Fascists and where are normal people who like to live with freedoms and dignity:

    1/ Putin elections

    2/ Ukraine elections

    3 US elections, corrupt 2 party system resulting in fascist Obummer bombing his way round the world whilst kissing Saudi terrorist ass. I'm sure the US voters all support that policy.

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