Take Me Back To London!
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Posts posted by Take Me Back To London!
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On the BBC tonight Gordon Brown and Peter Mandelson were both scathing about the US bailout getting voted down by a democratic vote.
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Suitable headgear is available for these stormy financial times from Soldier of Fortune.
http://www.sofmilitary.co.uk/reenactors/index.asp
Original WW2 helmet which we have repainted, fitted a new liner that you can choose your size 56 to 62 and we have fitted an unissued original chinstrap.£40.00
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YELLOW STUFF MOVING HIGHER
About bloody time to with all this sh@t flying around of late.
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guildford was heaving again yesterday. Not too many bags in hands having shopped though. People are still out in force but I think less is being bought. You need to look at the bags they're carrying. Obviously some are carrying on without a care in the world, but there is a lot less than say, 6 months ago.
Patience, you will be rewarded soon.....
I have noticed the same that people are not carrying carrier bags in the High Streets.
On my visits to John Lewis in Oxford Street I have seen how quiet the tills are, there is no queuing to see a sales person in the electrical departments, the bed linen dept is absolutely dead, people milling about, but not buying.
I can appreciate that people can think that there is no or no possibility of a reccession. There is still a certain cosmetic inertia to the High Street, however the phony war will end very shortly.
I wonder what Christmas will be like this year, very poor or will the spenders go out on a final all out feel good Kamikaze spending spree?
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Please elaborate,
Why do you continue to post in the PM forum, if you have no REAL information to offer why waste your time no one pays any attention to your posts and i find you quite irritating therefore placed you on IGNORE.
I second that.
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http://online.wsj.com/article/SB122231175151874367.html
And just try getting hold of physical! Everyone has sold out
Royal Mint - Still showing coins on web page, but un-able to complete orders
Even goldline out of silver investment bars.
Any clues as to what is going on are most welcome?
Bairds are re-locating to bigger premises in Beckton, so the silver bars should become available again in early October.
Coin Invest Direct still have various silver bullion coins, 1kg bars and now are re-stocked with 1oz bars.
http://www.coininvestdirect.com/main.php
Given the lack of confidence over the past year in the banking system, investors and savers have been putting their money into precious metals in a big way. The supply is restricted for coins and smaller bars due to the demand outstripping the mints capability to produce new stocks. Also supply is constrained as very little PM is being brought into the market as very few holders of PMs are selling. I don't expect anything to change, if anything, shortages will become even more acute as the financial crisis intensifies.
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The M&S food department in Putney High Street is quite empty, however the Waitrose across the road is still doing a good trade, even Woolworths has more punters!
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I've read this article, and I honestly don't understand why he doesn't see that all the money went in to houses - I just don't get it?
I would of thought that given his economical slant on things he is heavily invested into the housing bubble. He is in denial that there is/was a housing bubble, he needs to go into rehab.
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I read the article too and was astonished by his incompetence. It is unbelievable I know every time I see his articles I would be better off avoiding them but I get drawn to them and always regret it.
http://www.timesonline.co.uk/tol/comment/c...icle4836545.ece
I was absolutely gob smacked by his article today. I like to read his articles from time to time because they are so bad they are good, but to read his every article is a waste of one's life. It's rather like the attraction of X Factor and Britain Has Talent, watching the displays of the dammed right awful, talentless and incompetent.
I take my hat off to David Smith, he has really excelled in his high standards of crassness.
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Wellington housre is a nightmareby all accounts, they had a ground rent of something like 4K a year when I looked at them so the BTL brigade couldn't cover their rents. They only sold half of them, to some stupid people who paid 120K+, then I heard the council bought the rest and put loads of immigrants in there. Its a bit of a crap hole now from what I hear and everyone that bought there has been stung. I heard an anecdote that one of the big rugby stars had bought the pent house suit ( just below all the microwave masts/transmitters ) for a lot of cash, Maybe not the best investment., I slso hearf, anecdotally, that the people who own the leasehold make a mint from the microwave transmitters on the roof.,
Some of the flats have sold at auction for 65K ish and thats probably more than they are worth now.
Someone on here predicted a few years ago that the private sector new build flats would become the council slums of the future, it seemed a bit outlandish at the time, but it has happened.
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A simple answer, no, Gold is the Fool`s investment, where it attracts those Fools to the honey, but eventually the honey loses its sweet taste.
If you are not keen on gold, what is your personal preference as an "investment" in the current economic climate?
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No, but I grew up with my nan. Woolies, Marks and Sparks and Britsh Home Stores.
What happened eh?
We were by no means rich. In fact we were piss poor in the scheme of things but we always seemed to have quality gear.
How many working class people can really afford solid wood furniture and decent clothes these days?
The mass produced G plan furniture made in the 1950's and 60's was very made and puts today's chipboard & MDF furniture really to shame. I have seen even with Habitat furniture, which is not exactly cheap, a long cabinet/side board which had five legs, one at each corner and one in the middle to stop the cabinet sagging in the middle.
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I know someone who bought a brand new Discovery V6 diesel in Dec 06 for £30k.Last month,after a highish 40k miles he was looking to part ex it - he was offered £12k by those garages that were prepared to give him a price.The Land Rover dealer offered £15k against another Disco.
Someone else had an Audi Q7 diesel that cost £42k new and after 12 months and 25k miles he sold it for £20k.
Ouch on both counts !
Residuals on all 4x4's are taking a pasting at the moment.
I have seen series 3 Land Rover Discos for £15K, a £5K+ reduction since the beginning of the year.
Is anyone buying Mazda RX8s, loads of 2 or 3 year olds sub £10K with low mileage?
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But if any large dept store type things will survive, i think it will be John Lewis. comparing service there to dumps like House of Fraser....there is no comparison. Mind you i suspect a lot of people go to JL to look at stuff and get info and then try to go and get it cheaper elsewhere. Their staff are knowledgeable and actually polite without being annoying.
John Lewis in Oxford Street is quieter in all their departments, notably their bedding, curtain, lighting and electronic sections.
What has puzzled me how has the House of Fraser, formerly Army and Navy, in Victoria Street is able to be still in business as hardly anybody seems to shop there, even during the boom times.
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Since this was reported over 2 hours ago and given the BBC's News editor's statement it should of been sold by now to another bank. No probs.
BBC News business editor Robert Peston says the Treasury will almost instantaneously sell to a bank, or a number of banks. -
Is that astroturf in the back garden?
It looks like that plastic grass matting what you see on fruit and veg stalls down the market.
This property is worthy of inclusion on the "Most Overpriced Sh*thole" thread.
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In a couple of years there will be mass unemployment and a huge homelessness problem.
Mass unempoyment/"The Boys from the Black Stuff", yes.
However, the government, local authorities will be buying up the house builders' un-sold properties and abandoned projects as they did in the 1970's, so I don't think there will be a homelessness problem due to the lack of council property.
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Offshore account? I`m reminded of a mate of mine in the 80`s who used to work full time as a builders labourer for his brothers firm, he would borrow his brothers BMW to go and sign on, park it outside the dole office and walk in with site boots, jeans, old bomber jacket, covered head to toe in plaster, bits of plasterboard in the hair and everything, and sign on with a straight face. If they asked any questions he said he was doing his mum`s patio (he said that every fortnight)
the good old f*cking days, I don`t think that happens anymore in browns Britain does it?I remember seeing a documentary programme about the DHSS in the 1980's and how they would catch out benefit cheats by just looking out of the window and looking at the cars parked in the car park at the front of the benefits office. One guy got found out when he parked up his builder's van with ladders on the roof, giving the fraud inspectors an easy nick.
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One of the arguments for keeping the royal family is that they bring money into the country from tourists. I reckon if that's the only reason then why not make them a business? Then if they start to struggle like now, we know that they are not good value for money.
The Royal Family franchise could be put out to competitive tendering.
If the Monarchy was abolished then we would have a republic and an elected head of state, which would be some ar@e hole like Blair or Neal Kinnock and cost us shed loads more money.
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We should let the professionals run the country - the Royal Family and not that bunch of NuLabour amateurs, who have undermined and wrecked the country. People talk about abolishing the Monarchy, but we would save a lot more money if we abolished the government.
God Save the Queen.
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The Chelsea building society have a 1 and 2 year fixed rate bonds paying 6.60% and 6.30% (gross) and they do a tracker bond paying 6.60% (1.60 above base rate + 30 days loss of interest until 17th March 2010).
A good thing with the the Chelsea is that with all their accounts there is a monthly interest option which you can choose and if you don't want the monthly interest payment you can leave this to roll up in the account and when you want it you can instruct them to pay it into another account.
However, I prefer competitive** instant access accounts, so I have Chelsea's Rainy Day Account paying 6.10%.
http://www.thechelsea.co.uk/savings/index.html
** I look to get a good rate for my savings, but I will not put it into an account just because it has a very high rate. In this climate when I see a bank or building society with a very high rate this starts to ring alarm bells.
As well as spreading my money for safety, I keep a fist full of gold sovereigns in my own personal central bank.
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Just had my emails read out about banking and insurance company shares dropping yesterday, even though they are on FSA's short selling protected list and about the bank's pushing aggressively mortgages and loans because of the cheap credit available to them. Also the idea in the media that house prices only go up etc.
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Oh, Sh@t. Now they are playing the theme tune to Prisoner Cell Block H.
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Advice is to keeping waiting for house prices to go down atleast 6 months by Mike, however caller is thinking in years and then house prices will shoot up.
Stepping Back From The Madness For A While
in House prices and the economy
Posted · Edited by Take Me Back To London!
The BBC economist on the BBC 1 news tonight saying that "we should be able to get through the next 24 hours". WTFITS.