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House Price Crash Forum


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About nobody777

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  1. Regarding the thread the third way to do things the is the best with whatever tools have on open mind theirs several ways to skin a cat and the most expensive way isnt always the best so to speak.
  2. This Thread isnt about education but the comments regarding it well lets offer my views. At school I it was the smallest and totally thick and I promise theirs nothing cool about that as such I was a quiet timid person who only ever saw school as a punishment for being born and went through my youth as serving my time. I feel any child in school must at all efforts be taught their importance given confidence in order to receive a quality foothold. I left school with no O levels my character good my paper status nil. My dad was a director of a very large engineering company he pulled string
  3. The £ wll drop but the Euro will probably drop more the $ for me is the best.
  4. $280m = £100m This was the exchange rated stated in Thunderball bond film I watched today I expect the collapse is Stearling to continue with or without Mervs comments if history is a guide to the future.
  5. I think collect the details over the cheaper unit and even view it why not and politly ask the landlord for a reduction in rents its a shot to nothing no harm done and if the other unit is fine you could be hard line and say I will take the new one unless a reasonable reduction is made. No harm in asking in a nice manner given your options.
  6. SUK2 Looks like a X2 leveraged fund for me anyone who goes short expecially leveraged timing must be near perfect or you can easily loose your shirt good luck anyway but i will offer some concerns you may not of thought of. I think the GBP could easily drop 20% this year if this happens this would give a big boost to the ftse because of the currency earnings increase with companys reporting or trading in other countries. Inflation increasing with higher import costs and the competitive edge for exportes and M&A action by other lands buying our companies cheaper. Merv talked the pound d
  7. China aggresivly dumps US treasuries buys things like mining rights gold etc causing problems for the US 5% Major trade wars. 5% Collapse of a few big banks 10% Soverign default Ireland Spain etc and a break up of Europe. 5% High inflation causing strikes and civil unrest. 20% Soros or his type shorting GBP 10% Sharp and deep currency movements. 20% Hedge funds shorting too much and the markets over react. 5% Wars and terrorist acts. 5% Black swan event 10% Oh the government stops printing and supporting banks too soon 0.00000000000000000000000000000001% The government prints spends
  8. The cosumer is the problem and not the solution, When you cosume more than you produce as the UK does big time to continue you borrow money or produce more and consume less. Scrap unemployment benifits after 6 months for employment producing things for beniits Make it hard to have a ******* child collect £150pw or whatever it is and a free house scheme. Scrap sick pay for able people many will be found in the pubs spending their benifits. The several million people of the above can do much production needed and reduce imports and less deficit spending hence reduced taxes and a balanced
  9. Clearly zero interest rates printing money deficit spending is designed to stoke inflation and prop up houseprices which underpins the banks assets regarding home loans. Clearly the risk is loss of confidence in stearling and repeating the last mistake a housing bubble which is now happening. The US is talking about easing down support and I assume we may be easing down things maybe less printing and increasing VAT and stampduty etc, For me this is very correct actions the stock market and houseprices may go down a bit and the banks wont be as strong but less risk of currency devaluations.
  10. The Euro is clearly overvalued and thats probably what they see and dont bank on a real rise in Stearling and the blog from Artimis on the HPC front page makes a clear case regarding stearlings weakness. A weaker pound does help reduce the trade deficit more to do with people unable or unwilling to pay for more expensive imports rather than the help to the exporters since the manufacturing industry has almost all been exported. My views
  11. If you buy shares their is nothing defensive as such and the only guarrente you will get is a rollercoaster ride up and down. If you just want stock per say look into the HSBC FTSE all share tracker its the lowest management fees about 0.3% and thats as defensive as you can get it buys the entire market and remember if a company goes bust that will benifit the surviving companys which you will own. Stock picking is an art and only invest in WHAT YOU KNOW and with money you can afford to lose and consider any individual stock as high risk. Their are tracker funds in most countries like the U
  12. I agree it may be pushing it but the purpose of this thread is to offer Silvers possible price in the future which can turn out much differet and to be honest I could make an even more bullish case and clearly if prices did shoot up the amount of scrap sold to the market would be a real headwind. I think we agree its undervalued at about £10.50 today and a 4 or 5 fold increase in capital which is the low end of your estimate is a good return in todays markets and I have added a few hundred 1oz ingots from an auction today at around spot. Its my pension so 20 years is fine for me and fairly
  13. To try and predict interest rates 3 years from now is a bit like will it snow on Christmas day in 3 years from now. I can offer things to say why they will be as they are now and how they could be in thousands of percent but hopefully your predictions wont be far off if the past is any guide but times are a lot different today so its very important to watch things very closely.
  14. Its fair to say this blog is around the question. What is money and its management? I dont know the correct answer but its for me a simple method of trade and storage of wealth. I am not a clever person but I am kind of a columbo detective in life. I have been playing the financial markets since the late 80s and bought and sold many things and I have never questioned the bottom line the cash amount. Now this is my main concern the meaning of the cash or number amount until last year £10.00 ment about 5 pints and the only thing in my mind was inflation meaning I may need £20.00 to buy the
  15. I have never come by Chartalism before this post and to be honest quantative easing until the credit crunch but reading the Chartalism meaning I came across statemets like when the currency or script is in demand and then the market place accepting the debts as good etc. With the BOE becoming the market place in guilts thats fine if the script or currency is only swishing around in the UK but payment for goods in our global world from other lands the other lands must be payed with something they believe to be of value. Although the market place for guilts is functioning although manipulated
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