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Sunak's spending review
Wurzel Of Highbridge replied to PeanutButter's topic in House prices and the economy
Labour might be in by then, so it won't happen. -
The big bond market crash
Wurzel Of Highbridge replied to Wurzel Of Highbridge's topic in House prices and the economy
So, I guess if you were a pension fund and held funds in a bank, every now and again you'd transfer some funds into the centeral bank to mitigate risk from the bank you have your account with. If you were a bank though, you would just keep the cash in your own bank at 0%. That is unless you were worried about your own banks solvency? -
The big bond market crash
Wurzel Of Highbridge replied to Wurzel Of Highbridge's topic in House prices and the economy
Who buys these bonds? Can't they just keep the cash or the money in their account yielding 0%? Also why do centeral banks set negative interest rates rather than simply stop accepting deposits, as this would put cash into the economy? -
If it seems or looks dodgy I won't transact with a buyer. There's always plenty more out there willing to buy. The other half has one person wanted a used S10 from here via facebook, could only pay via paypal but needed to use paypal credit blah. blah.... Needless to say that sale never proceeded. Not worth the risk.
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Recruitment is broken
Wurzel Of Highbridge replied to NoHPCinTheUK's topic in House prices and the economy
I'm looking for PHP dev's southwest 😉 -
Wurzel Of Highbridge started following The big bond market crash
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About time for discussion on the impending bond market collapse that the Chinese have finally allowed to start happening. Beginning with several Chinese government owned aaa-rating companies defaulting on their bonds. State-owned miner Yongcheng Coal and Electricity defaulted on a 1 billion yuan ($151.9million) bond last week Government-backed chipmaker Tsinghua Unigroup, which missed payment after failing to extend its deadline for repayment, State-owned Huachen Automotive Group — a Chinese joint venture partner of BMW. China Evergrande also came under the spot
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Coronavirus - potential Black Swan?
Wurzel Of Highbridge replied to LetsBuild's topic in House prices and the economy
Quite, the guarenteed second wave is all about money printing. My main concern is what are they planning as the next cover for bailing out themselves and the financial system? -
Australia Faces Its Demons
Wurzel Of Highbridge replied to Te Mata's topic in House prices and the economy
Property is the new gold (until it's taxed) -
I'd hang fire with London. Many will finally be able to move away with the improvements happening in work from home. IMO Central London is likely to drift south fro a decade as people move outwards
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IMO manufactures and their franchised dealers woulld rather destroy cars than reduce the second hand values. Reducing second hand values would cause PCP to blow up Lower second hand prices on nearly new would lead to manufactures having to cut new prices Basically they cut prices and the car manufacture debt bubble blows up. Expect to see help-to-buy-a-new-car scheme from BOE/governemnt soon. Nothing down, 0% interest rate and 10 years to pay it back.