Jump to content
House Price Crash Forum
Sign in to follow this  
lombardo

14% of UK firms in “significant financial distress”

Recommended Posts

The bulk of the economy is house prices...what remains is shrinking because of the reduced velocity of money due to debt servicing on mortgages...student loans..car loans...credit cards etc etc........i see sterling going at some point below the USD and the Euro....thats a line in the sand that the proles will wake up to....**** to expensive to go to Florida....***** too expensive to go to Benidorm...maybe thats why Thomas cook said more people are going to egypt and other destinations...?

I went to Hurghada once...****hole looked like a plastic tracy island.....but boy was it cheap to drink and eat....

Share this post


Link to post
Share on other sites
16 minutes ago, Spindler said:

The bulk of the economy is house prices...what remains is shrinking because of the reduced velocity of money due to debt servicing on mortgages...student loans..car loans...credit cards etc etc........i see sterling going at some point below the USD and the Euro....thats a line in the sand that the proles will wake up to....**** to expensive to go to Florida....***** too expensive to go to Benidorm...maybe thats why Thomas cook said more people are going to egypt and other destinations...?

I went to Hurghada once...****hole looked like a plastic tracy island.....but boy was it cheap to drink and eat....

No, its not.

People always get excited about housing without realising how little effect it has.

~70% oif dwellings dont have a mortgage on them.

Of the ones that do, ~80% pay off the mortgage no matter what.

Sure, housing can provide a blip. But the fall out from Browns credit bubble far exceeds the short blip.

 

 

Share this post


Link to post
Share on other sites

I read the article, because I wondered how they new this? Explanation, It is the findings from their 'research'. I am still not convinced. How would this company of insolvency practitioners be able to put a number or percentage on something, so wooly as 'significant financial distress'

Flipping this round, the insolvency practitioners are so not busy, they had time to do some pointless research?

Share this post


Link to post
Share on other sites
43 minutes ago, Spindler said:

...maybe thats why Thomas cook said more people are going to egypt and other destinations...?

 

Can't wait to see British tourists bitching on the evening news about how they aren't being evacuated fast enough, next time there is a terrorist attack in Egypt, Turkey or Tunisia.

Share this post


Link to post
Share on other sites
9 minutes ago, reddog said:

Can't wait to see British tourists bitching on the evening news about how they aren't being evacuated fast enough, next time there is a terrorist attack in Egypt, Turkey or Tunisia.

We had acquired an empire that was a quarter of the planet with such a defeatist attitude 

Share this post


Link to post
Share on other sites
1 hour ago, prozac said:

We had acquired an empire that was a quarter of the planet with such a defeatist attitude 

We? 

My family had quite a bit of it. Not sure many of you proles did...

Share this post


Link to post
Share on other sites
1 hour ago, byron78 said:

We? 

My family had quite a bit of it. Not sure many of you proles did...

next you will be saying you are upper class

Share this post


Link to post
Share on other sites
 
 
 
 
 
4
5 hours ago, Spindler said:

The bulk of the economy is house prices...what remains is shrinking because of the reduced velocity of money due to debt servicing on mortgages...student loans..car loans...credit cards etc etc........i see sterling going at some point below the USD and the Euro....thats a line in the sand that the proles will wake up to....**** to expensive to go to Florida....***** too expensive to go to Benidorm...maybe thats why Thomas cook said more people are going to egypt and other destinations...?

I went to Hurghada once...****hole looked like a plastic tracy island.....but boy was it cheap to drink and eat....

Not so sure about the Dollar, that looks flakey too.

At that point, it's probably Gold all the way.

Share this post


Link to post
Share on other sites
9 hours ago, jimmy2x3 said:

there are many advantages to being poor, for one you can just pack a suitcase and your off

Rich Americans live up to 15 years longer than poor peers, studies find

Health insurance system – the most expensive in the world – is worsening situation, researchers find, arguing healthcare should be treated as human right

https://www.theguardian.com/us-news/2017/apr/06/us-healthcare-wealth-income-inequality-lifespan 

Share this post


Link to post
Share on other sites
14 hours ago, prozac said:

We had acquired an empire that was a quarter of the planet with such a defeatist attitude 

 

16 minutes ago, prozac said:

Rich Americans live up to 15 years longer than poor peers, studies find

Health insurance system – the most expensive in the world – is worsening situation, researchers find, arguing healthcare should be treated as human right

https://www.theguardian.com/us-news/2017/apr/06/us-healthcare-wealth-income-inequality-lifespan 

was watching Breaking Bad recently for the first time..wow...but my point is you learn about their healthcare system or lack of it...unless you're one of the elite....actually one of the few things that makes you glad to have a Uk Passport for that alone.....their medical profession is totally captured by the money men...people would rather die than lumber their family with debt

i can see why with what goes on in the states..why ex pat yanks actually give up their passports.....even if it is a difficult process and costs about 6k dollars....

Share this post


Link to post
Share on other sites
3 hours ago, prozac said:

Rich Americans live up to 15 years longer than poor peers, studies find

Health insurance system – the most expensive in the world – is worsening situation, researchers find, arguing healthcare should be treated as human right

https://www.theguardian.com/us-news/2017/apr/06/us-healthcare-wealth-income-inequality-lifespan 

Rich Americans also get their own firefighters rather than using convicts earning $1 a day. 

Quote

As multiple devastating wildfires raged across California, a private firefighting crew reportedly helped save Kanye West and Kim Kardashian’s home in Calabasas, TMZ reported this week. The successful defense of the $50 million mansion is the most prominent example of a trend that’s begun to receive national attention: for-hire firefighters protecting homes, usually on the payroll of an insurance company with a lot at risk.  

https://www.theatlantic.com/technology/archive/2018/11/kim-kardashian-kanye-west-history-private-firefighting/575887/

 

Share this post


Link to post
Share on other sites
23 hours ago, prozac said:

OK, tell us your history about the empire days

East India Company for my family mainly. Grew up playing tiddly winks with buttons and old silver rupees.

Unless your family had shares or stock in most of the private organisations that drove colonialism it's unlikely you benefited much.

Sadly some slave trading in my family history if you go back a little further as well.

I'm related to Thomas Thynne amongst others. In my 80th year now.

Share this post


Link to post
Share on other sites
1 hour ago, byron78 said:

Grew up playing tiddly winks with buttons and old silver rupees.

Do you think young people have it better nowadays? With all that entertainment and information available to us today on the Internet, I don't know how I managed to go through my childhood without it. 

Share this post


Link to post
Share on other sites
1 hour ago, byron78 said:

East India Company for my family mainly. Grew up playing tiddly winks with buttons and old silver rupees.

Unless your family had shares or stock in most of the private organisations that drove colonialism it's unlikely you benefited much.

Sadly some slave trading in my family history if you go back a little further as well.

I'm related to Thomas Thynne amongst others. In my 80th year now.

You seem a bit bitter, your posts appear more Yaxley, I guess you never amounted to anything, you don’t have the vision of Rhodes 

Share this post


Link to post
Share on other sites
27 minutes ago, prozac said:

You seem a bit bitter, your posts appear more Yaxley, I guess you never amounted to anything, you don’t have the vision of Rhodes 

I have no idea what any of that means. 

Share this post


Link to post
Share on other sites
29 minutes ago, lombardo said:

Do you think young people have it better nowadays? With all that entertainment and information available to us today on the Internet, I don't know how I managed to go through my childhood without it. 

My grandkids seem happy enough.

Swings and roundabouts maybe? 

We certainly had more freedom and space. 

Not always a good thing I guess. I was born just before WW2 and spent the best part of my childhood exploring burned out buildings and unexploded munitions. 

 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 297 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.