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petetong

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Everything posted by petetong

  1. Andrew Dixon, founder of Faire Share stated: “The Government is under increasing pressure to get to grips with the housing crisis and ensure foreign homeowners pay their fair share of property tax. “Adopting a Proportional Property Tax would mean lower bills for the majority of households in the UK while the surcharge on these purchases would lead to hundreds of thousands of homes coming onto the market for UK residents.” Of course the government and Sunak are having none of it: A Government spokesperson said: "An annual house price tax would mean soaring bills for many hard-working families and pensioners who have saved and improved their homes. We have no plans to make these changes. “We’re providing support worth around £12bn this financial year and next to help families with the cost of living. "We’re cutting the Universal Credit taper to make sure work pays, freezing alcohol and fuel duties to keep costs down, and providing targeted support to help households with their energy bills.” I presume when they say hard working families they mean investors 🤣 https://www.thesun.co.uk/money/17439229/families-to-be-435-better-off-each-year/
  2. Direct democracy, similar to what Switzerland has is the way to go particularly with modern technology. Of course it wont happen ...
  3. Is "gold" on etoro, presume it is spot gold price, a decent inflation hedge ?
  4. In the US or UK ? No chance of that in the UK, too many VI's and indebted. They'd rather turn the pound to toilet paper.
  5. Yes I've noticed it recently, and quite a lot that came on earlier last year didn't shift and then had 20 to 50K added to prices, nuts. There was a brief lull in October and then it went nuts again. Have put an offer on one, if we don't get it I reckon that's it and only a massive HPC will give us a chance of anything we want. I thought it had reached the ceiling but clearly there is more free money available than i thought ..
  6. IT is not a career to go into anymore. It's what they did with a lot of blue collar manufacturing jobs. Now they are going after the white collar/tech jobs together with those lost to increasing automation. Elon Tusk for example was saying recently they'd replaced a big chunk of heuristic C++ code with a neural net in his cars autopilot, so not even software development is going to be immune and a lot of infrastructure roles have been lost to the cloud etc.
  7. Why don't you advocate buying, do you think a decent correction is coming with IR increasing/inflation ?
  8. Thanks, yep good point. Their yearly performance is very impressive.
  9. I thought about some funds like Fundsmith but isn't the stock market due a big correction and thus is now a good time to invest ?
  10. I've read although that is the more likely outcome it's not guaranteed.
  11. Official inflation rise to 10% (the real figure being around 15%) Interest rates rises towards 3% House prices drop 10% Russian invades Ukraine, NATO does nothing apart from US/UK arming Ukraine further, Ukraine will cause heavy Russian casualties using Turkish drones, causing massive retaliation from Russia. Bojo will survive for next 6 months Depending where covid goes, either the stock market will either stay where it is now with minor variation or if a very contagious but virulent strain of covid arises there will be a massive crash. Antivax/covid denier movement will grow as public tire further of covid and government actions around it. Tesla share price will take big hit. Crypto's bubble will finally burst unless people see it as a haven from inflation. I won't buy a house ..
  12. Benefit fraud is peanuts compared the fraud committed via bounce back loans and furlough in the last 18 months. For some strange reason one is seen as acceptable to this government and it's cronies ...
  13. Is it because they know interest rates are going up, possibly more than expected, probably wishful thinking on my part, so they need to reintroduce subprime mortgages or the prospect of interest rate rises means banks are getting a bit more picky ?
  14. Bank of England poised to loosen mortgage lending rules beyond contempt ...
  15. More chance of bounce back loans being repaid than interest rates rising I'd say.
  16. Indeed, got to stop fraudulent benefit claims for £75 a week, fraudulent claims are a very small % of total benefit claims in general, but lets give our mates and other fraudsters multiples of £50K ... How the hell Infosys got furlough money is beyond belief. If they were worried about deflation, they could have given everyone £1K or similar like they did in the US, but that would be seen as socialism, whereas bounce back loans for "hard working" companies are virtuous. I notice this isn't being reported in any of the Tory rags. A complete p*ss take.
  17. Report on BBC news said to day just under £5 billion of bounce back loans were fraudulent, out a total of £49 billion, so 10% of of claims were fraudulent, and that is probably an underestimate, also said £17 billion are predicted to be never paid back, and had interviews with business owners moaning they couldn't pay them back now they are due to start doing so. A complete and utter clusterf*ck. Also shows what a lie the BoE claim that all inflation is being imported ...
  18. Over my head, but suggests Index-Linked Gilts aren't a good investment, although this is 5 months old so maybe it's not the case any longer: David Stevenson: I wouldn't touch inflation-linked bonds
  19. Omicron fears risk new inflation spike, warns Bank rate-setter Yet another excuse to not raise rates, despicable ..
  20. Property market unsustainable number homes sale falls record Meanwhile, demand is soaring, with 24 prospective buyers for each property available for sale. This demand has been boosted by buy-to-let investors, who have been tempted back to the market by huge tenant demandand the promise of attractive yields.
  21. Looks like some are preparing: 90,000 from Hong Kong apply to British visa scheme
  22. He got bad press the last time he opened his lying mouth so is now is being more cautious, and yes they will do feck all again...
  23. Traders make £2bn bet against the pound "Traders have wagered a £2bn bet on a plunge in the pound after the Bank of England failed to deliver on a widely expected interest rate rise earlier this month. Shorts predicting a pound slump have soared to their highest level since June 2020, weekly trading data suggests. It marks a sharp reversal from just a few weeks ago, when bets for the pound were at a near four-month high as investors geared up for a string of rate rises to curb the surge in inflation."
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