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Everything posted by Winston Wolf
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Gordon and Darling are working on this. You know what, youve got me thinking, in this day and age of technology maybe it can already be done. If you could you would just keep it quite and sell some whenever you needed to and when you sold it you wouldnt have to worry about the price you sold it for either....... er hang on a minute...
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Savings (cash) are doing anything for people now and debtors have more money as interest rates are low. Maybe, just maybe if the market show minimal signs of turning the corner there might be a bit of a rush to buy. Maybe, just maybe the stock market shows signs of a recovery there maybe a rush to buy there to after all what else are you going to do with youre savings? And then the whole market's expectations change in a large way from small acorns. I believe, and I know I will be shot down, that we are at the point of another mini bull run, how long, how far I do not know. But im now in the FTSE large, long and aggressively and my biggest holdings are Barrats / Persimon and Redrow. There ive said it.
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If I put my savings in the stock market (bubble inflates) and make some money im buying a better house (bubble inflates). OK, I will be much more aware of any debt granted. This is about getting the ponzi scheme going again. Sometime the rights and wrongs dont matter, the right does not always win out.
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Maybe that yellow thing has tried to become real currency and is going to fail. If it becomes real then its game over for the west. I wonder if this isnt half time with that yellow thing that shall not be mentioned 3 nil up and fiat could get a couple of goals back in the second half. I think money may now move from the team playing in yellowish shirts to the teams playing in green and white. Governments are obviously powerful, can market forces stop them proping up fiat? My money is on governments, no or little up rising to any of whats happend in the uk and little around the world. If they can re inflate the problems gone away for another day...
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Absolutely agree there is no quick fix. If the fix was quick the whole fabric of things could break down. What im saying is the answer is to re inflate the bubble, just not quite so big, then gradually let it deflate after learning the lessons of this bubble. Have they got it? is this what they are trying to do? Have I got it? I see another mini boom, then another bust. Of course this assumes they can control things with their new found knowledge.
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Doesnt that depend on how much it was done? Would what you say occur at 10% 20% 50% Would people notice at 10% Would sheeple understand what happend at 20% or just accept it and be glad they still have the same a mount of Fiat in their pensions. It's about controlling the sheeple not people on here who are not.
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Famous Last Words On The Crash
Winston Wolf replied to 1929crash's topic in House prices and the economy
Arent all of the experts saying sell? -
They will just print more money. Right or wrong thats what will happen.
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Question About Buying/saving/economy
Winston Wolf replied to Greenstuff's topic in House prices and the economy
On Interest only mortgages you can ousually overpay each month a certain amount, making it in effect a flexible repayment mortgage. The governments only strategy is through devaluation and inflation so money in the bank isnt neccesarily good and if inflation kicks in your mortgage interest rate is going to go up, mortgages will never get cheaper than they are now so you got that to consider. If I had a STR fund I would be starting to get a little twitchy, I dont think I could hold out another year myself, six months max. The stock market is low but of course it can go lower most on here will say both house prices and the stock market are going to oblivion and you have to take into account where you are aka HPC. If I were you I would put the minimum down on a house within the next three months, put the rest in the stock market and then overpay on youre fixed rate I/O mortgage as surely fixed rates cant get any better than they are now. I am not sure many will agree with me but there you go it just what id do. I downsized in 2005. Cash in the bank isnt good in an inflationary environment. -
If the pound is tanking doesnt that make companies in the FTSE cheaper of foreign investors? Wont that help prop up the FTSE.... or am I being stupid (again)
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The only answer they have is to cause inflation to get them out of this mess and they will keep printing.
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The market could easily rally, and I think it will. It always rallies somewhere in a bear market even if then it makes new lows. This could even be the bottom but I wouldnt go that far. Best not to be short now.
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Please could you cull the people who mend the roads or at least half of them as most of the time they stand around doing chuff all
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Im going too, my theory is what have we got to lose?
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Gordon is asleep 24/7
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I know it wont go down very well and this isnt a gloomy topic but it's gonna bounce I tell you, well at least for now.
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Thanks
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A Man On Minimum Wage With 3 Children...
Winston Wolf replied to ItsColdUpHere's topic in House prices and the economy
Yes I do agree with youre sentiment here, this is where greed needs to be tackled I am not sure on this, I think they just made do?, no shoes and all that I still counter this with having credits for ONE child and that too would be means tested. -
A Man On Minimum Wage With 3 Children...
Winston Wolf replied to ItsColdUpHere's topic in House prices and the economy
We make it clear, we will help support ONE because that is fair and decent but more than one thats youre choice you live with it. -
A Man On Minimum Wage With 3 Children...
Winston Wolf replied to ItsColdUpHere's topic in House prices and the economy
My Grandad fought the Germans for freedom, what have i got now? I am a slave to the Greedy and to the Lazy and Ignorant. The majority are slaves to the minority. Thank you LABOUR -
A Man On Minimum Wage With 3 Children...
Winston Wolf replied to ItsColdUpHere's topic in House prices and the economy
ordinary low-waged people need support yes i have no problem with that