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Wurzel Of Highbridge

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Everything posted by Wurzel Of Highbridge

  1. I can't see prices shifting up or down unless the cost of borrowing changes (interest rates), or somehow forebarence comes to an end and reposessions start. Seems unlikely with the help-to-to-stay-in-you-job scheme and global interest rates creeping into negative teritory.
  2. 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?
  3. 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?
  4. 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.
  5. 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
  6. 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?
  7. I know that the sales of a general hardware retailer with over 400 shops is down about 40% which I think is a good figure to be basing the decline in economic activity on. Do we really need all this activity anyway? Much of GDP is artificial anyway
  8. Last time car sales collapsed, the government rigged the second hand market by scrapping perfectly good cars. Not being one to buy a car under 10 years old became a bit of a problem for me as there's a lot less cars about from on 07 to 10 plates.
  9. 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
  10. So you wish from burning oil (diesel) to using electricity inefficiently transmitted and produced from mainly burning gas and coal? Bonkers!
  11. 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.
  12. First direct offering 5 year fixed at 1.64%. all it would take is the now to change affordability rules (due to Corona virus) and you'll have a crack up housing boom on your hands. If everyone could borrow 500k for a house, then the minimum price would be 500k
  13. Spoons is also going to have to dispose of a lot of it's fresh goods and open kegs, like our local pub has had to do. I expect some or all of this wastage is claimable against tax?
  14. Spoons could take out a loan to cover the wages. There's plenty of funding available. If they don't cover it, many of the employees will end up borrowing to cover the shortfall.
  15. I was explaining to the other half earlier that this time it's 5 to 10 times worse that 2008 and that the world won't be returning to the way it was. No idea what the new world will look like? I'm not sure if China really needs the west? They can now rely on internal consumption and growth. Things will be different here, like returning to the 90's or is that wishful thinking?
  16. Silver up 7% today. Kilo bars selling on fleaBay now for £600 and rising, up from £500 in a week! Paper silver at £443 (VAT adjusted) I reckon people realise that paper silver is a con, so have stopped buying it hence the price differential
  17. If we nationalise everything that's about to fail, then change the name of the Conservative party to the Communist party I think we will please many on this forum.
  18. What if we don't bail out the UK owned airlines, but other countries bailout theirs? That will be a problem for us. If one is country's bailing and printing, then we all have to.
  19. Where's the BOE has a new governer thread?? I missed that on Monday the positon was handed over. I must have been way behind the curve on that: https://www.bankofengland.co.uk/news/2019/december/andrew-bailey-announced-as-new-governor-of-the-boe I remember the good old days of slagging of Mervyn on these very pages ?
  20. Now would be a good time to start selling takeaway or good quality ready prepared meals. You'll need to adapt to survive.
  21. Time for me to write a book: 101 uses for dried pasta and loo roll
  22. I DJ at weddings, birthdays, karaoke nights etc. on a part time basis. I speak to a lot of DJ's on facebook groups. Many of them have been having large quantities of cancellations as venues close and weddings are cancelled. I had been thinking about the imact of many of the following groups of workers loosing some or all their income globally, Restaurant staff, bar staff, hotel workers, Airlines, DJ’s, Entertainment venues, entertainers, public transport workers. Student venues and hangouts, bingo halls, arcades, holiday camps, plus many more I haven't thought of. Would you reckon
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