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House Price Crash Forum

Deckard

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Everything posted by Deckard

  1. Thank you RB: monday morning wouldn't be monday morning without one of your apocalyptic posts So what is your latest forecast? let me guess: house prices -80% from the top and £ @ parity vs Euro by march?
  2. Nope, this is not a zero sum game... as Soros said recently, right now we are in wealth destruction mode. In other words if you can preserve your wealth you are doing really well...
  3. There is no doubt that the rating agencies bear a huge responsibity for the current global mess. It seems to be fashionable to lay the blame exclusively on the bankers these days (at least on this forum), but people forget that the rating agencies' main purpose is to protect institutional investors. By giving AAA ratings to a pile of junk they DELIBERATELY AND KNOWINGLY misled investors for personal gain. Their senior managers shouldn't just forfeit bonuses or resign IMO: they should go to jail.
  4. "I believe that we have seen only the tip of the iceberg of the dollar's inevitable path toward becoming toilet paper money." Yeah, sure. Wait for the tin foil hatters/bean hoarders and lizard conspiracy theorists to jump on this one. Oh, and the gold rampers, of course. ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ
  5. Gold ramping disguised as economic analysis. I like the "leaked" bit: very subtle, like this is not aimed straight at the sheeple
  6. Great new slogan: "Labour, share the sacrifice"
  7. Oh come on, TFS! What did you expect the chrimbo ad was going to be like? Perhaps something like this? EXT. OUTSIDE KING'S CROSS STATION. NIGHT It's snowing. A group of bums dressed in rags is gathered around a makeshift fire. Bum #1 ... I'm tellin' ya: this time last year I was shopping at M&S, now look at me. They repossessed my house and threw me on the street... it's all Brown's fault, innit? Bum #2 Oh, shut up FFS! We heard that story a thousand times! It's Christmas Eve, give us a break, will you? Bum #3 The bill, the bill - RUN !!! The group scatters as a police car approaches Male Voice (V.O.) M&S: not everyone can afford it - can YOU?
  8. http://www.bloomberg.com/apps/news?pid=206...&refer=home “The last few months have seen vendors gradually accepting that prices need to be cut if a sale is to be achieved,” said Liam Bailey, Knight Frank’s head of residential research. “Further price falls are to come.” Thank you Liam - we needed that clarification
  9. Well, they used to be inactive - now they are active again, innit?
  10. You answered your own question dude: don't buy if you are happy renting...
  11. Completely agree with the first 3 statements - but not with the last one. For political reasons the Euro will not be allowed to fail - but will collapse against the major currencies as soon as he SHTF in one of the countries you mentioned. My bet is Ireland will be forced to default on the 100% deposits guarantee soon.
  12. Good question... I suspect the OP is trying his hand at political satire
  13. Unless they work for UBS... Former UBS Executives Repay $58.3 Million of Bonuses http://www.bloomberg.com/apps/news?pid=206...&refer=home Generally speaking, the "rainmakers" i.e. the big producers will get paid as usual, but 80% of bank employees will see significant reductions in bonus pools and receive a high % of these in the form of shares.
  14. http://www.bloomberg.com/apps/news?pid=206...&refer=home An ECB rate cut in December is now a certainty - although I suspect Trichet will stick to 0.50 - no more for now. More importantly: bad news on the Eurozone are starting to hit the wires at last, after months of denial from the Euro bureaucrats. Also bear in mind that average figures hide much deeper troubles at the individual country level, the unemployment rate at 7.7 being a prime example. The Euro is at least 20% overvalued angainst $ and £ IMO.
  15. Nobody, it's just a matter of time. Ireland will be the first IMO.
  16. Well done HSBC!!! The original corporate STR... Don't think they're going to buy it back either
  17. Let them talk... WE are the ones who put their money where their mouth was, i.e. STR'd
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