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House Price Crash Forum


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About agb41

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    HPC Poster
  1. When it happens is unclear, but it can't go on forever. The Treasuries of course earn interest for the Chinese (pifflingly small buy it is positive...) and the US has to borrow more each time to borrow and pay off the interest. Eventually their income through taxation wouldn't even cover the interest. The US simply has to pay down its debt or default (much like, er, everyone else).
  2. Thank you both - most informative, but quite sad! I'll look into it then, of course it will depend heavily on the fees one pays when carrying it to term...
  3. Sorry if it came up before chaps, but when does this month's haliwide data come out?
  4. Does any helpful HPC soak know what the costs and benefits are of purchasing gold through a SIPP, if one currently pays the high rate (40%) of tax but expect to pay basic rate (20%) when one retires? As I understand it, by doing so, one would be able to put avoid some income tax by doing this, though be limited on when and how one can sell the gold...
  5. +1 EDIT: A recording of the BBC show has not yet been posted on the corporation's website, as is normal for live daily shows. (From noted Guardian Article above)
  6. Well I agree they should be prosecuted and THEN have their assets stripped to recover the losses. But then I think RBS should have been left to sink and he wouldn't be able to claim much of a pension if RBS went bankrupt anyway.
  7. How does the carry trade "export" inflation? The carry trade (until recently) involved taking huge loans in yen then switching to e.g. dollars, depressing yen and raising the dollar. Goods then cost more in yen and less in dollars, surely this is importing inflation not exporting it. Only now, when the trade is unwinding and the yen skyrocketing are Japanese goods becoming more expensive to other countries and thus could you feasibly say Japan is "exporting inflation".
  8. Oh that's been true for a very long time, I thought it changed early in the New Labour years. Obviously this makes a mockery of the meaning of "inflation", an increase in the cost of goods, as debt payments are not payments for goods.
  9. Heh, what about student loans, isn't that even better? The interest on them taken from March RPI data, so if in two months inflation is negative (which is pretty likely), does this not mean students will be paid for taking out loans? EDIT: Sorry didn't read all posts, this has already been commented on.
  10. +1 "Gold, And why it will go the same way as property" was here for a LONG time before it got booted to off-topic by an overzealous mod. Time to bring it back into the fold? Maybe it will coax goldfinger back... Edit: thread name
  11. No doubt wasting huge amounts of everyone's tax in failed attempts support your company's works-only-in-boom-time business model. Sympathy from others for your position ends when you want the government to forcefully take money from those others to support your job. Good luck finding support on this site.
  12. Which means there aren't trillions of pounds already swimming around in Chinese, Japanese, Saudi and other banks outside the country like there are dollars, then. Don't get me wrong, I honestly don't know where GBP/USD is headed, I just don't think that the dollar reserve currency bit necessarily works in USD's favour.
  13. Right so something I haven't seen pointed out is the comparison between UK and Japanese public debt. After all we are interested in the effects on the exchange rates between the two respective currencies here. One has to remember that Japan has no private finance initiative debt, railtrack debt, unfunded state pension debt or equivalents. Feel free to correct me on that, but I have found nothing to contradict this. When included, these gave the UK state a total debt value of 103.5% back in mid 2006 (from "The Centre Of Policy Studies"). This clearly didn't include the growing bank bailout debt and the large deficits that have been run in the last 2 years even without the bailouts. The true value is 120-130% of GDP at the moment, which is the value that should be compared to Japan's 170%.
  14. Alas, I guess we all have either a MSM or crackpot informed post within the first month or so of getting here (I did). You don't immediately appear to be trolling, so I guess if you stick around you won't be saying things like "credit rationing that is the primary cause of the current recession" in a few months.
  15. There are many posters there, I basically only read Nadeem Walayat and Mike "Mish" Shedlock, though neither are perfect. Some there are gold rampers, some are furious deflationists, all are looking to spread their custom. I think (hope) the "trick" is that if people read what they say and like it they might go and put their investments with them, as most of them advertise their own groups, except for Nadeem who runs the site. Don't bother trying to post comments though as they will probably never get round to moderating them in.
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