NoHPCinTheUK
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Is Boris good for house price growth?
NoHPCinTheUK replied to Burbujista's topic in House prices and the economy
I hope not. No BOMAD, only savings and with my partner no hope of buying. At least half a million for a family house in London in not so nice area. Household income 80ish k per year. If prices go up we leave. I love London, but I m not going to work +30y for a mortgage. -
Is Boris good for house price growth?
NoHPCinTheUK replied to Burbujista's topic in House prices and the economy
I hope not. No BOMAD, only savings and with my partners no hope of buying. At least half a million for a family house in London. Household income 80ish k per year. If prices go up we leave. I love London, but I m not going to work +30y for a mortgage. -
What / Who will collapse first in 2019
NoHPCinTheUK replied to reddog's topic in House prices and the economy
I ve also read poeple are not buying £1000 phones anymore. -
News from China are not good. Tariffs slow down the economic activity, banks cant get their money back and suffer. UK banks are exposed to China. More than their US-EU-Japan positions combined. This is the elephant in the room.
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Hi Warrior, thanks for the quote. No, Ray Dalio woulnd’t give the reader any advice nor he would explian his investment strategies. However, this is a peper about Ralio’s theory of the credit and debt cycle, why Big Crashes happen (he covers Weimar Germany, US 1929 and US 2008) and how policy makers reacted, what they did wrong or right. As a finance professional I enjoyed the reading and I can say I am able to do better analysis now.
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Smash, yours is a very reasonable point. I don’t know about Ford, but I have no elements to call you wrong. However, let me be clear: it’s what you sell that makes your wage. Sell coffe and you’re earning X. Sell wine and you’re making X+n. Unfortunately I don’t have the knowledge to explain why the British car industry, as a whole, is in such a bad shape. However I can tell you that you can buy a Ford for 10k, whereas you’d need at least 30k for a Mercedes. You see my point? Also Farage is right, but the problems are not the immigrants but rather the jobs available. High-salary jobs are simply not there for the masses. Global consumers are not willing to pay premiums for Made in Britain.
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No I can’t, but I don’t see the point of this exercise. The UK is right now, in 2019, the best place in the world for tech. It’s not Silicon Valley but companies here have embraced the revolution and its going to pay off in 20 years. However, the UK is far to small for this. In just 5 years London saturated with on-line banks and they’re going out now. These companies need a playground without barriers. The only one was the EU. Forget about Trump, China, there will obstacles there.
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The UK is a low-salary low-productivity economy. Honestly, without the money from the North Sea and the City the country would have found itself long time ago in really bad waters. Bad waters in which 50% of the population have been swimming for decades. Brexit is the bill everyone is asked to pay no. My problem is that I don’t understand how Brexit will make the salary/productivity curve to point north again. Please, do yourself a favour and don’t quote the immigrants. Eastern Europeans build your BMW in Germany. They make your Cappuccino here...
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Woodford fund suspended
NoHPCinTheUK replied to TheCountOfNowhere's topic in House prices and the economy
This guy runs a fund. He’s not a lender nor IB. The only one who have lost money will be those who put their bets on him. However, one might say that if this is not the disease could be the symptom of a disease? An I’m not talking about funds, but institutions who purchase this products. Rather than looking at the number of fund managers who have taken very risky positions, I would try to find out which pension schemes, institutions etc. have this products on their books. A fund manager can loose your money, fair enough, those with an headache at that stage are the ones with liabilities linked to the income/growth of their investments. -
What / Who will collapse first in 2019
NoHPCinTheUK replied to reddog's topic in House prices and the economy
Do not invest in anything with an open-end structure and with unlisted companies in the portfolio. You could realise soon that there’s no market for that part of the holdings. -
What / Who will collapse first in 2019
NoHPCinTheUK replied to reddog's topic in House prices and the economy
It’s not QE, it’s Woodford. Lindsell Train UK Equity fund is a little gem. Royal London, Franklin and M & G, to name some big shop on the street, are all around their benchmarks. -
What / Who will collapse first in 2019
NoHPCinTheUK replied to reddog's topic in House prices and the economy
We need to delay Crossrail further I suppose.... Woodford is in the wrong place, wrong time and wrong sectors. I’m sad for those who have their money there. This isn’t just a guy making the wrong bets, part of his offering was in unlisted companies but still under UCITS umbrella. Crazy. SJP and HL marketing this to clients....even worse. -
What / Who will collapse first in 2019
NoHPCinTheUK replied to reddog's topic in House prices and the economy
Woodford blocked clients from withdrawing their money from the fund. Kent Council is in for some 250 million. St. James’ Place and Hargreaves also have some billion in it. -
What / Who will collapse first in 2019
NoHPCinTheUK replied to reddog's topic in House prices and the economy
Hi there. Neil Woodford next one? End of the game by the end don’t this year?