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House Price Crash Forum

Young Turk

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  1. "We would lose a third of our land mass and half of our territorial waters" - why does that make England worse off? I think it's harder to tell if Scotland leaving would be a net negative or net positive, economically. The initial economic shock would be bad for everyone. But could Northern Ireland leaving be negative?
  2. Britain and England have a lot of problems, but how much difference do Northern Ireland or Scotland make? Will Northern Ireland joining the Republic of Ireland have much economic impact on England/Britain?
  3. You can end up with losses, but you shouldn't have debts - they would close your positions long before that. Wouldn't you have the same sort of risk with Barclays? They should make margin calls and close your position before you owe them money. If IG didn't, wouldn't you have the same risk with Barclays? Shorting is risky - and possibly a bad idea - because a price can rise irrationally and stay high for a long time before falling.
  4. You can bet on the price going down without actually shorting. Cryptocurrency spread bet product details | IG Ireland
  5. It's not enough that I'm happy; other people must be unhappy!
  6. As a millennial myself, I feel a bit odd no longer being considered young! Millennials are currently aged 26-41. Are we able to infer much from the financial behaviour of people younger than that? (Most studying or just starting work, having little money, making few investments) Climate change probably should be a big issue, but doesn't seem to be - I don't hear many politicians talking about it. I think it's a bit like housing.
  7. It has zero intrinsic value, but it has value as a financial instrument, because a lot of people believe it does. I argued that it was significantly different to gold, but others point out that a very large part of the price of gold is based on speculative demand rather than the intrinsic value of gold, and that the distinction between crypto and precious metals is not so big. Perhaps the most famous ponzi scheme was the one operated by Charles Ponzi. It guarantee to double the original investment in 90 days. That means if you invested $1 you'd have $16 before the end of the year and $1 trillion dollars after 10 years. There were millions of dollars invested in his scheme, so it would have taken less than a decade for the value of the scheme to exceed the value of the entire world economy. Early investors could get repaid only if there were subsequent investors, and eventually it would become impossible to find enough investors. This is not the case with bitcoin. The case for it being valuable is it becoming widely adopted as a form of digital gold. If that happened it would become a lot less volatile and just gradually increase in value over time, due to the limited number of bitcoins.
  8. If it was based on willingness and ability to pay, premiums would be higher for older people. Didn't car insurance become a lot more expensive for women when they went gender neutral? Did women stop driving as a result? If not, it seems they would have been willing to pay more.
  9. That's fine for people who live alone and eat and drink alone. But what about everyone else? If an insurer decided they were going to increase premiums for people who did more of shopping, they would lose a lot of customers.
  10. I think the EU referendum has probably been good for the Conservatives overall. Without it they were losing voters to UKIP. Instead they took voters from Labour.
  11. It's about lies, not about parties. His defenders invented the partygate narrative to divert attention from his lies.
  12. I think the argument to remove him is that it sets a dangerous precedent if we don't. Additionally, regardless of whether the level of corruption is serious enough, wouldn't it probably be better to remove him in order to move on? Partygate is the narrative created by his defenders!
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